WhiteHawk Minerals Corp. (WHK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the S-1 for Q2 FY2026, filed Oct 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WHK SEC filings page.
WhiteHawk Minerals Corp. (WHK) reported $67.6M in revenue for fiscal year 2025, up 615.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of WhiteHawk Minerals Corp.'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.
WhiteHawk Minerals Corp. has an operating margin of 24.9%, meaning the company retains $25 of operating profit per $100 of revenue. This below-average margin results in a low score of 13/100, suggesting thin profitability after operating expenses. This is up from -93.7% the prior year.
WhiteHawk Minerals Corp.'s revenue surged 615.3% year-over-year to $67.6M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
WhiteHawk Minerals Corp. has elevated debt relative to equity (D/E of 1.09), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 9/100, reflecting increased financial risk.
With a current ratio of 2.82, WhiteHawk Minerals Corp. holds $2.82 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
Not available for WhiteHawk Minerals Corp., and counted as zero in the overall score.
WhiteHawk Minerals Corp. posts a -1.7% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 16/100. This is up from -16.4% the prior year.
WhiteHawk Minerals Corp. scores 1.82, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($697.1M) relative to total liabilities ($270.7M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
WhiteHawk Minerals Corp. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
WhiteHawk Minerals Corp. reported a net loss of $3.6M while generating $13.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
WhiteHawk Minerals Corp. earns $0.88 in operating income for every $1 of interest expense ($16.8M vs $19.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
WhiteHawk Minerals Corp. generated $29.1M in revenue in Q2 2026. This represents an increase of 37.7% from the same quarter a year earlier.
WhiteHawk Minerals Corp.'s EBITDA was $8.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.3% from the same quarter a year earlier.
WhiteHawk Minerals Corp. reported -$39.2M in net income in Q2 2026. This represents a decrease of 17801.8% from the same quarter a year earlier. Against the prior quarter it is down 3588.1%.
Cash & Balance Sheet
WhiteHawk Minerals Corp. held $13.2M in cash against $68.1M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
WhiteHawk Minerals Corp.'s operating margin was -4.6% in Q2 2026, reflecting core business profitability. This is down 20.6 percentage points from the same quarter a year earlier.
WhiteHawk Minerals Corp.'s ROE was -14.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 13.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.6 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
WHK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1 | Q1'26S-1 | Q4'25S-1 | Q2'25S-1 | Q1'25S-1 | Q4'24S-1 |
|---|---|---|---|---|---|---|
| Revenue | $29.1M+37.7% | N/A | N/A | $21.1M | N/A | N/A |
| SG&A Expenses | $4.4M-54.4% | N/A | N/A | $9.6M | N/A | N/A |
| Operating Income | -$1.3M-139.8% | N/A | N/A | $3.4M | N/A | N/A |
| EBITDA | $8.9M-5.3% | N/A | N/A | $9.3M | N/A | N/A |
| Interest Expense | $5.0M+15.9% | N/A | N/A | $4.3M | N/A | N/A |
| Income Tax | $9.4M+304.9% | N/A | N/A | -$4.6M | N/A | N/A |
| Net Income | -$39.2M-17801.8% | -$1.1M+86.9% | N/A | -$219K | -$8.1M | N/A |
| EPS (Basic) | -$2.54-440.4% | N/A | N/A | -$0.47 | N/A | N/A |
| EPS (Diluted) | -$2.54 | N/A | N/A | -$0.47 | N/A | N/A |
| Diluted Shares (Avg) | 17M | N/A | N/A | 5M | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
WHK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1 | Q1'26S-1 | Q4'25S-1 | Q2'25S-1 | Q1'25S-1 | Q4'24S-1 |
|---|---|---|---|---|---|---|
| Total Assets | $518.3M | N/A | $507.1M+205.7% | N/A | N/A | $165.9M |
| Current Assets | $32.5M | N/A | $45.9M+373.2% | N/A | N/A | $9.7M |
| Cash & Equivalents | $13.2M+2.1% | N/A | $29.0M+443.9% | $13.0M | N/A | $5.3M |
| Short-Term Investments | $0 | N/A | $0 | $0 | N/A | $0 |
| Accounts Receivable | $8.6M | N/A | $10.2M+152.1% | N/A | N/A | $4.0M |
| Long-Term Investments | $0 | N/A | $0 | $0 | N/A | $0 |
| Total Liabilities | $239.8M | N/A | $270.7M+265.2% | N/A | N/A | $74.1M |
| Current Liabilities | $23.3M | N/A | $16.3M+42.9% | N/A | N/A | $11.4M |
| Non-Current Liabilities | $216.5M | N/A | $254.4M+305.6% | N/A | N/A | $62.7M |
| Long-Term Debt | $68.1M | N/A | $228.0M+305.1% | N/A | N/A | $56.3M |
| Total Equity | $278.5M+79.2% | $209.0M+257.5% | $208.8M+195.8% | $155.4M | $58.5M | $70.6M |
| Retained Earnings | -$55.3M | N/A | -$15.1M-31.0% | N/A | N/A | -$11.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
WHK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
WHK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1 | Q1'26S-1 | Q4'25S-1 | Q2'25S-1 | Q1'25S-1 | Q4'24S-1 |
|---|---|---|---|---|---|---|
| Operating Margin | -4.6%-20.6pp | N/A | N/A | 16.0% | N/A | N/A |
| Net Margin | -134.8% | N/A | N/A | -1.0% | N/A | N/A |
| Return on Equity | -14.1%-13.9pp | -0.5%+13.3pp | N/A | -0.1% | -13.9% | N/A |
| Return on Assets | -7.6% | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.39 | N/A | 2.82+2.0x | N/A | N/A | 0.85 |
| Debt-to-Equity | 0.24 | N/A | 1.09+0.3x | N/A | N/A | 0.80 |
| Asset Turnover | 0.06 | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Where WhiteHawk Minerals Corp. Ranks
Frequently Asked Questions
What is WhiteHawk Minerals Corp.'s annual revenue?
WhiteHawk Minerals Corp. (WHK) reported $67.6M in total revenue for fiscal year 2025. This represents a 615.3% 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 WhiteHawk Minerals Corp.'s revenue growing?
WhiteHawk Minerals Corp. (WHK) revenue grew by 615.3% year-over-year, from $9.4M to $67.6M in fiscal year 2025.
Is WhiteHawk Minerals Corp. profitable?
No, WhiteHawk Minerals Corp. (WHK) reported a net income of -$3.6M in fiscal year 2025, with a net profit margin of -5.3%.
What is WhiteHawk Minerals Corp.'s EBITDA?
WhiteHawk Minerals Corp. (WHK) had EBITDA of $41.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does WhiteHawk Minerals Corp. have?
As of fiscal year 2025, WhiteHawk Minerals Corp. (WHK) had $29.0M in cash and equivalents against $228.0M in long-term debt.
What is WhiteHawk Minerals Corp.'s operating margin?
WhiteHawk Minerals Corp. (WHK) had an operating margin of 24.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is WhiteHawk Minerals Corp.'s net profit margin?
WhiteHawk Minerals Corp. (WHK) had a net profit margin of -5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is WhiteHawk Minerals Corp.'s return on equity (ROE)?
WhiteHawk Minerals Corp. (WHK) has a return on equity of -1.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is WhiteHawk Minerals Corp.'s operating cash flow?
WhiteHawk Minerals Corp. (WHK) generated $13.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are WhiteHawk Minerals Corp.'s total assets?
WhiteHawk Minerals Corp. (WHK) had $507.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is WhiteHawk Minerals Corp.'s current ratio?
WhiteHawk Minerals Corp. (WHK) had a current ratio of 2.82 as of fiscal year 2025, which is generally considered healthy.
What is WhiteHawk Minerals Corp.'s debt-to-equity ratio?
WhiteHawk Minerals Corp. (WHK) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is WhiteHawk Minerals Corp.'s return on assets (ROA)?
WhiteHawk Minerals Corp. (WHK) had a return on assets of -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is WhiteHawk Minerals Corp.'s P/E ratio?
WhiteHawk Minerals Corp. (WHK) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $697.1M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is WhiteHawk Minerals Corp.'s price-to-sales ratio?
WhiteHawk Minerals Corp. (WHK) trades at 10.3x sales, its market capitalization divided by revenue of $67.6M revenue, FY2025. The market capitalization is $697.1M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is WhiteHawk Minerals Corp.'s Altman Z-Score?
WhiteHawk Minerals Corp. (WHK) has an Altman Z-Score of 1.82, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is WhiteHawk Minerals Corp.'s Piotroski F-Score?
WhiteHawk Minerals Corp. (WHK) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 WhiteHawk Minerals Corp.'s earnings high quality?
WhiteHawk Minerals Corp. (WHK) reported a net loss of $3.6M while generating $13.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
Can WhiteHawk Minerals Corp. cover its interest payments?
WhiteHawk Minerals Corp. (WHK) has an interest coverage ratio of 0.88x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is WhiteHawk Minerals Corp.?
WhiteHawk Minerals Corp. (WHK) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.