Vivakor Financials
This page shows Vivakor (VIVKD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
VIVKD’s sales expansion has not become self-funding: gross margin improved sharply, but liquidity and overhead worsened faster.
Between FY2024 and FY2025, gross margin jumped from11.4% to36.2% , showing a much richer spread between selling price and direct costs. But operating cash flow swung from$1.8M to-$15.8M , which means the better unit economics still were not enough to cover the cash demands of running the business.
The near-term balance sheet looks tight: FY2025 cash was only
Scale has been expensive: revenue climbed from
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Vivakor's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vivakor has an operating margin of -61.1%, meaning the company retains $-61 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -24.5% the prior year.
Vivakor's revenue surged 16.3% year-over-year to $104.4M, reflecting rapid business expansion. This strong growth earns a score of 88/100.
Vivakor has a moderate D/E ratio of 1.85. This balance of debt and equity financing earns a leverage score of 64/100.
Vivakor's current ratio of 0.13 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Vivakor generates a -266.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -22.1% the prior year.
Vivakor passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Vivakor generates $0.14 in operating cash flow (-$15.8M OCF vs -$110.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Vivakor generated $104.4M in revenue in fiscal year 2025. This represents an increase of 16.3% from the prior year.
Vivakor's EBITDA was -$45.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 331.1% from the prior year.
Vivakor reported -$110.2M in net income in fiscal year 2025. This represents a decrease of 318.3% from the prior year.
Vivakor earned $-318.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 110.2% from the prior year.
Cash & Balance Sheet
Vivakor held $265K in cash against $0 in long-term debt as of fiscal year 2025.
Vivakor had 154M shares outstanding in fiscal year 2025. This represents an increase of 73742.8% from the prior year.
Margins & Returns
Vivakor's gross margin was 36.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 24.8 percentage points from the prior year.
Vivakor's operating margin was -61.1% in fiscal year 2025, reflecting core business profitability. This is down 36.6 percentage points from the prior year.
Vivakor's net profit margin was -105.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 76.2 percentage points from the prior year.
Vivakor's ROE was -266.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 244.7 percentage points from the prior year.
Capital Allocation
VIVKD Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.0M+23.7% | $17.0M-41.6% | $29.1M-22.1% | $37.3M-10.4% | $41.7M+161.9% | $15.9M-1.6% | $16.2M+1.0% | $16.0M |
| Cost of Revenue | -$2.7M-121.9% | $12.3M-50.0% | $24.5M-24.7% | $32.6M-7.9% | $35.4M+149.3% | $14.2M-5.8% | $15.1M+0.8% | $15.0M |
| Gross Profit | $23.7M+401.9% | $4.7M+3.1% | $4.6M-3.8% | $4.8M-24.6% | $6.3M+265.7% | $1.7M+55.4% | $1.1M+4.0% | $1.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $22.4M+109.6% | $10.7M+138.8% | $4.5M-16.5% | $5.4M+8.4% | $5.0M+89.5% | $2.6M-12.1% | $3.0M+78.6% | $1.7M |
| Operating Income | -$41.6M-360.4% | -$9.0M-33.3% | -$6.8M-5.2% | -$6.4M+58.6% | -$15.6M-694.8% | -$2.0M+31.3% | -$2.9M-76.4% | -$1.6M |
| Interest Expense | N/A | $14.4M+229.4% | $4.4M+287.6% | $1.1M | N/A | $641K+33.6% | $480K+8.1% | $444K |
| Income Tax | N/A | $0 | $0 | N/A | $93K | $0-100.0% | $33K+4047.9% | $800 |
| Net Income | -$55.9M-63.0% | -$34.3M-173.5% | -$12.5M-66.5% | -$7.5M+61.3% | -$19.5M-1053.2% | -$1.7M+49.0% | -$3.3M-76.0% | -$1.9M |
| EPS (Diluted) | N/A | $-2.09-596.7% | $-0.30-42.9% | $-0.21 | N/A | $-0.06+50.0% | $-0.12-71.4% | $-0.07 |
VIVKD Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $113.5M-29.1% | $160.1M-34.5% | $244.5M-1.5% | $248.2M+3.0% | $241.0M+232.3% | $72.5M-1.5% | $73.7M-1.0% | $74.4M |
| Current Assets | $8.2M-10.9% | $9.2M-69.9% | $30.6M+7.4% | $28.5M+138.3% | $12.0M+156.9% | $4.7M-19.0% | $5.8M-15.7% | $6.8M |
| Cash & Equivalents | $265K-11.6% | $300K-27.6% | $414K-45.9% | $765K+17.6% | $651K-5.3% | $687K+623.6% | $95K-87.6% | $767K |
| Inventory | $82K-25.6% | $111K-16.3% | $132K0.0% | $132K-35.6% | $206K+11.2% | $185K+146.0% | $75K+30.1% | $58K |
| Accounts Receivable | $3.5M-39.5% | $5.8M-68.2% | $18.3M+41.6% | $12.9M+694.9% | $1.6M+135.2% | $692K-79.5% | $3.4M-16.2% | $4.0M |
| Goodwill | N/A | $40.6M-41.1% | $68.9M0.0% | $68.9M0.0% | $68.9M+359.7% | $15.0M0.0% | $15.0M0.0% | $15.0M |
| Total Liabilities | $76.3M-20.6% | $96.1M-34.4% | $146.5M+5.1% | $139.4M+10.7% | $125.9M+125.7% | $55.8M-4.8% | $58.6M+0.3% | $58.5M |
| Current Liabilities | $61.5M-19.6% | $76.5M-43.9% | $136.4M+7.0% | $127.6M+12.4% | $113.5M+140.8% | $47.1M+7.8% | $43.7M-0.1% | $43.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $41.3M-39.4% | $68.2M-33.3% | $102.2M-9.5% | $112.9M-5.3% | $119.2M+609.8% | $16.8M+11.7% | $15.0M-5.6% | $15.9M |
| Retained Earnings | -$204.3M-38.0% | -$148.1M-32.1% | -$112.1M-14.3% | -$98.1M-10.2% | -$89.0M-22.2% | -$72.8M-2.4% | -$71.1M-4.9% | -$67.8M |
VIVKD Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.1M-277.9% | $11.3M+261.8% | -$7.0M-19943617.1% | -$35-100.0% | $1.6M+66.1% | $991K-1.4% | $1.0M+154.9% | -$1.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $186K-83.8% | $1.1M+11.6% | $1.0M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | $805K+660.5% | -$144K+95.0% | -$2.9M |
| Investing Cash Flow | -$26K+84.3% | -$163K-143.0% | $378K-74.5% | $1.5M-44.4% | $2.7M+1532.1% | -$186K+83.8% | -$1.1M-11.6% | -$1.0M |
| Financing Cash Flow | $21.0M+254.5% | -$13.6M-348.3% | $5.5M+1580.0% | -$370K+72.0% | -$1.3M-521.9% | -$212K+59.8% | -$529K-118.3% | $2.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VIVKD Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 112.8%+85.0pp | 27.8%+12.0pp | 15.7%+3.0pp | 12.7%-2.4pp | 15.1%+4.3pp | 10.8%+4.0pp | 6.9%+0.2pp | 6.7% |
| Operating Margin | -198.0%-144.8pp | -53.2%-29.9pp | -23.3%-6.0pp | -17.3%+20.1pp | -37.3%-25.0pp | -12.3%+5.3pp | -17.6%-7.5pp | -10.1% |
| Net Margin | -266.2%-64.2pp | -201.9%-158.8pp | -43.1%-22.9pp | -20.2%+26.5pp | -46.7%-36.1pp | -10.6%+9.9pp | -20.5%-8.7pp | -11.8% |
| Return on Equity | -135.3%-85.0pp | -50.3%-38.0pp | -12.3%-5.6pp | -6.7%+9.7pp | -16.3%-6.3pp | -10.1%+12.0pp | -22.0%-10.2pp | -11.8% |
| Return on Assets | -49.2%-27.8pp | -21.4%-16.3pp | -5.1%-2.1pp | -3.0%+5.0pp | -8.1%-5.8pp | -2.3%+2.2pp | -4.5%-2.0pp | -2.5% |
| Current Ratio | 0.13+0.0 | 0.12-0.1 | 0.220.0 | 0.22+0.1 | 0.110.0 | 0.10-0.0 | 0.13-0.0 | 0.16 |
| Debt-to-Equity | 1.85+0.4 | 1.41-0.0 | 1.43+0.2 | 1.24+0.2 | 1.06-2.3 | 3.32-0.6 | 3.90+0.2 | 3.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | 5.1%+5.9pp | -0.9%+17.0pp | -17.8% |
Note: The current ratio is below 1.0 (0.13), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Vivakor's annual revenue?
Vivakor (VIVKD) reported $104.4M in total revenue for fiscal year 2025. This represents a 16.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vivakor's revenue growing?
Vivakor (VIVKD) revenue grew by 16.3% year-over-year, from $89.8M to $104.4M in fiscal year 2025.
Is Vivakor profitable?
No, Vivakor (VIVKD) reported a net income of -$110.2M in fiscal year 2025, with a net profit margin of -105.6%.
What is Vivakor's EBITDA?
Vivakor (VIVKD) had EBITDA of -$45.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vivakor's gross margin?
Vivakor (VIVKD) had a gross margin of 36.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vivakor's operating margin?
Vivakor (VIVKD) had an operating margin of -61.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vivakor's net profit margin?
Vivakor (VIVKD) had a net profit margin of -105.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vivakor's return on equity (ROE)?
Vivakor (VIVKD) has a return on equity of -266.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vivakor's operating cash flow?
Vivakor (VIVKD) generated -$15.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vivakor's total assets?
Vivakor (VIVKD) had $113.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vivakor's current ratio?
Vivakor (VIVKD) had a current ratio of 0.13 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vivakor's debt-to-equity ratio?
Vivakor (VIVKD) had a debt-to-equity ratio of 1.85 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vivakor's return on assets (ROA)?
Vivakor (VIVKD) had a return on assets of -97.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vivakor's cash runway?
Based on fiscal year 2025 data, Vivakor (VIVKD) had $265K in cash against an annual operating cash burn of $15.8M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Vivakor's Piotroski F-Score?
Vivakor (VIVKD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vivakor's earnings high quality?
Vivakor (VIVKD) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Vivakor?
Vivakor (VIVKD) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.