What is Victory Oilfield's earnings per share (EPS)?

Victory Oilfield (vyey) reported diluted earnings per share of $-0.02 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Victory Oilfield Financials

VYEY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Victory Oilfield (vyey) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Rhea AI vyey FY2023 2026-04-22

Victory Oilfield Tech’s overhead-heavy cost structure outran a shrinking revenue base, leaving it dependent on financing inflows.

By FY2021, revenue had shrunk to $815K while SG&A still ran at $1.0M, so the company was not covering corporate overhead even before interest or other items. That same pattern makes FY2020 a cash-conversion miss: net income of $954K arrived alongside operating cash outflow of -$508K, pointing to non-operating support rather than a repaired core business.

The balance sheet was structurally underwater: in FY2021, assets were $764K versus liabilities of $4.1M. With a current ratio of 0.07x, day-to-day obligations appear to have depended more on delayed payments or fresh funding than on liquid resources.

Operations behaved like a cash user, not a cash generator: operating cash flow was negative in each valid year, including -$658K in FY2021. Because financing cash flow stayed positive across the same span, the business was effectively using outside capital to bridge recurring operating shortfalls rather than to fund expansion.

Financial Health Signals

Financial Profile 8/100

Based on FY2023 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 Victory Oilfield'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.

Leverage

Victory Oilfield has a moderate D/E ratio of 0.00. This balance of debt and equity financing earns a leverage score of 47/100.

Piotroski F-Score Weak

1/9

Victory Oilfield passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.37x

For every $1 of reported earnings, Victory Oilfield generates $0.37 in operating cash flow (-$199K OCF vs -$539K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-29.0x

Victory Oilfield earns $-29.0 in operating income for every $1 of interest expense (-$804K vs $28K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

Victory Oilfield generated $0 in revenue in fiscal year 2023.

EBITDA

-$931K

YoY-123.9%

Victory Oilfield's EBITDA was -$931K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 123.9% from the prior year.

Net Income

-$539K

YoY-67.6%

Victory Oilfield reported -$539K in net income in fiscal year 2023. This represents a decrease of 67.6% from the prior year.

EPS (Diluted)

$-0.02

Victory Oilfield earned $-0.02 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 100.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$241K

YoY+2269.8%

5Y CAGR+25.7%

10Y CAGR+27.7%

Victory Oilfield held $241K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

419M

Victory Oilfield had 419M shares outstanding in fiscal year 2023. This represents an increase of 1393.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

VYEY Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$0	$0-100.0%	$815K-4.2%	$851K-61.4%	$2.2M+113.1%	$1.0M
Cost of Revenue	$0	$0-100.0%	$492K-8.5%	$537K-47.1%	$1.0M+101.5%	$504K
Gross Profit	$0	$0-100.0%	$324K+3.1%	$314K-73.6%	$1.2M+124.1%	$530K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$804K+83.8%	$438K-57.6%	$1.0M-11.4%	$1.2M-31.7%	$1.7M-87.0%	$13.1M
Operating Income	-$804K-83.8%	-$438K+39.9%	-$729K+16.3%	-$871K+74.4%	-$3.4M	N/A
Interest Expense	$28K+57.2%	$18K-70.0%	$59K-32.8%	$88K-55.7%	$198K-19.6%	$246K
Income Tax	$0	$0	N/A	$3K	N/A	-$94K
Net Income	-$539K-67.6%	-$321K-23.2%	-$261K-127.3%	$954K+127.0%	-$3.5M	N/A
EPS (Diluted)	$-0.02	$-0.010.0%	$-0.01+66.7%	$-0.03+76.9%	$-0.13	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$0	$0	$0	N/A	$0	$0	$0	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	$138K-43.0%	$241K+37.3%	$176K	N/A
Gross Profit	N/A	N/A	N/A	N/A	-$138K+43.0%	-$241K-37.3%	-$176K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$43K-77.0%	$185K-3.8%	$192K	N/A	$476K+51.1%	$315K+5.3%	$299K	N/A
Operating Income	N/A	N/A	N/A	N/A	-$124K-178.0%	-$44K-49.1%	-$30K	N/A
Interest Expense	$2K+5.3%	$2K-62.0%	$4K	N/A	$2K+21.4%	$2K-56.9%	$4K	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	N/A	N/A	N/A	N/A	-$125K-172.7%	-$46K-48.0%	-$31K	N/A
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.01	N/A	$0.00	$0.00	$0.00	N/A

VYEY Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$247K-64.3%	$693K-9.3%	$764K-28.4%	$1.1M-30.2%	$1.5M-65.5%	$4.4M
Current Assets	$241K-16.9%	$290K+10.3%	$262K-39.8%	$436K-42.3%	$756K+17.0%	$646K
Cash & Equivalents	$241K+2269.8%	$10K-80.8%	$53K-72.5%	$192K+1026.4%	$17K-77.7%	$77K
Inventory	N/A	$32K+29.5%	$25K+46.5%	$17K-66.0%	$50K-20.0%	$63K
Accounts Receivable	N/A	$163K+6.4%	$153K+2.3%	$150K-70.6%	$510K+27.8%	$399K
Goodwill	N/A	$145K0.0%	$145K0.0%	$145K0.0%	$145K0.0%	$145K
Total Liabilities	$1.5M+112.6%	$719K-82.7%	$4.1M-1.0%	$4.2M+11.3%	$3.8M+16.2%	$3.2M
Current Liabilities	N/A	N/A	$3.9M+0.9%	$3.9M+2.9%	$3.8M+34.3%	$2.8M
Long-Term Debt	$0	$0-100.0%	$240K-24.8%	$319K	N/A	N/A
Total Equity	-$1.3M-4938.5%	-$25K+99.2%	-$3.4M-8.4%	-$3.1M-39.7%	-$2.2M-286.7%	$1.2M
Retained Earnings	-$1.7M+98.3%	-$99.2M-0.3%	-$98.9M-0.3%	-$98.7M-1.0%	-$97.7M-3.7%	-$94.2M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$37K-74.9%	$147K+92.1%	$77K-69.0%	$247K-70.9%	$850K+23.7%	$687K+3.2%	$666K-3.9%	$693K
Current Assets	$34K-76.2%	$143K+100.7%	$71K-70.4%	$241K-56.3%	$551K+48.6%	$371K+21.2%	$306K+5.7%	$290K
Cash & Equivalents	$19K-83.5%	$116K+227.9%	$35K-85.3%	$241K+636.8%	$33K-55.1%	$73K+179.2%	$26K+156.3%	$10K
Inventory	N/A	N/A	N/A	N/A	$17K-4.7%	$18K-54.2%	$40K+24.1%	$32K
Accounts Receivable	N/A	N/A	N/A	N/A	$223K-9.6%	$246K+26.2%	$195K+19.6%	$163K
Goodwill	N/A	N/A	N/A	N/A	$145K0.0%	$145K0.0%	$145K0.0%	$145K
Total Liabilities	$1.6M+85.7%	$836K-1.9%	$852K-44.2%	$1.5M+41.7%	$1.1M+36.5%	$790K+9.3%	$723K+0.5%	$719K
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$0	N/A	N/A	N/A	$0
Total Equity	-$1.5M-120.0%	-$689K+11.2%	-$776K+39.4%	-$1.3M-461.8%	-$228K-122.4%	-$103K-81.4%	-$57K-122.3%	-$25K
Retained Earnings	-$7.8M-17.5%	-$6.6M-20.0%	-$5.5M-224.8%	-$1.7M+98.3%	-$99.6M-0.3%	-$99.3M0.0%	-$99.4M-0.1%	-$99.2M

VYEY Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$199K-101.7%	-$99K+85.0%	-$658K-29.5%	-$508K-36.6%	-$372K+73.5%	-$1.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$983K	$0+100.0%	-$33K-238.2%	-$10K	N/A	-$564K
Financing Cash Flow	N/A	$191K-65.5%	$552K-20.4%	$693K+121.8%	$312K-84.5%	$2.0M
Dividends Paid	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

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	N/A	N/A	-$47K-286.8%	$25K+115.5%	-$164K-411.3%	-$32K-12.1%	-$29K	N/A
Capital Expenditures	$90K-55.3%	$201K	N/A	N/A	$0	$0	$0	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	-$164K-411.3%	-$32K-12.1%	-$29K	N/A
Investing Cash Flow	-$90K+55.3%	-$201K	N/A	-$983K	$0	$0	$0	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	$262K+1209.2%	$20K+33.3%	$15K	N/A
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

VYEY Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	N/A	N/A	39.7%+2.8pp	36.9%-17.0pp	53.9%+2.7pp	51.3%
Operating Margin	N/A	N/A	-89.4%+12.9pp	-102.3%+52.0pp	-154.2%	N/A
Net Margin	N/A	N/A	-32.0%-144.0pp	112.0%+272.2pp	-160.2%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-217.9%-171.5pp	-46.4%-12.2pp	-34.1%-123.4pp	89.3%+320.3pp	-230.9%	N/A
Current Ratio	N/A	N/A	0.07-0.0	0.11-0.1	0.20-0.0	0.23
Debt-to-Equity	0.000.0	0.00+0.1	-0.07+0.0	-0.10+1.6	-1.68-4.4	2.71
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	-14.8%-8.1pp	-6.7%-2.0pp	-4.7%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-1.02+0.2	-1.21-0.1	-1.10-1.1	0.00+4.7	-4.73+3.0	-7.70+5.1	-12.79-12.8	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Victory Oilfield's annual revenue?

Victory Oilfield (vyey) reported $0 in total revenue for fiscal year 2023. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Victory Oilfield profitable?

No, Victory Oilfield (vyey) reported a net income of -$539K in fiscal year 2023.

What is Victory Oilfield's EBITDA?

Victory Oilfield (vyey) had EBITDA of -$931K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Victory Oilfield have?

As of fiscal year 2023, Victory Oilfield (vyey) had $241K in cash and equivalents against $0 in long-term debt.

What is Victory Oilfield's operating cash flow?

Victory Oilfield (vyey) generated -$199K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Victory Oilfield's total assets?

Victory Oilfield (vyey) had $247K in total assets as of fiscal year 2023, including both current and long-term assets.

How many shares does Victory Oilfield have outstanding?

Victory Oilfield (vyey) had 419M shares outstanding as of fiscal year 2023.

What is Victory Oilfield's debt-to-equity ratio?

Victory Oilfield (vyey) had a debt-to-equity ratio of 0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Victory Oilfield's return on assets (ROA)?

Victory Oilfield (vyey) had a return on assets of -217.9% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Victory Oilfield's cash runway?

Based on fiscal year 2023 data, Victory Oilfield (vyey) had $241K in cash against an annual operating cash burn of $199K. This gives an estimated cash runway of approximately 14 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.

Why is Victory Oilfield's debt-to-equity ratio negative or unusual?

Victory Oilfield (vyey) has negative shareholder equity of -$1.3M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Victory Oilfield's Piotroski F-Score?

Victory Oilfield (vyey) has a Piotroski F-Score of 1 out of 9, indicating weak 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 Victory Oilfield's earnings high quality?

Victory Oilfield (vyey) has an earnings quality ratio of 0.37x, 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.

Can Victory Oilfield cover its interest payments?

Victory Oilfield (vyey) has an interest coverage ratio of -29.0x, 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 Victory Oilfield?

Victory Oilfield (vyey) scores 8 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.