EP · Empire Petroleum Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.10M | - | $9.39M | $8.75M | $9.00M | - | $11.38M | $12.80M | $9.39M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.06M | - | $3.12M | $3.39M | $3.73M | - | $3.97M | $2.95M | $3.59M | - |
| Total Operating Expenses | $10.68M | - | $12.94M | $13.66M | $12.96M | - | $14.79M | $14.72M | $13.79M | - |
| D&A | $1.42M | - | $2.60M | $2.50M | $1.49M | - | $2.52M | $2.61M | $1.43M | - |
| Operating Income | ($5.58M) | - | ($3.55M) | ($4.90M) | ($3.96M) | - | ($3.42M) | ($1.93M) | ($4.40M) | - |
| Interest Expense | $296.0K | - | $196.0K | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($6.64M) | - | ($3.84M) | ($5.06M) | ($4.22M) | - | ($3.64M) | ($4.39M) | ($3.98M) | - |
| EPS - Basic | ($0.18) | - | ($0.11) | ($0.15) | ($0.12) | - | ($0.12) | ($0.15) | ($0.15) | - |
| EPS - Diluted | ($0.18) | - | ($0.11) | ($0.15) | ($0.12) | - | ($0.12) | ($0.15) | ($0.15) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.79M | $1.19M | $4.60M | $2.29M | $1.08M | $2.25M | $3.15M | $9.26M | $3.49M | $7.79M |
| Accounts Receivable | $5.96M | $5.12M | $8.33M | $10.17M | $7.88M | $8.15M | $6.51M | $8.78M | $7.29M | $8.35M |
| Inventory | $1.45M | $1.26M | $1.22M | $1.30M | $1.50M | $1.30M | $1.50M | $1.45M | $1.80M | $1.43M |
| Accounts Payable | $12.73M | $10.80M | $10.57M | $11.94M | $12.02M | $10.45M | $18.24M | $13.64M | $17.19M | $16.44M |
| Current Assets | $17.30M | $8.18M | $14.69M | $14.52M | $11.57M | $12.35M | $11.73M | $20.28M | $13.83M | $18.74M |
| Total Assets | $78.00M | $65.87M | $122.99M | $124.66M | $123.68M | $123.87M | $121.24M | $119.95M | $100.08M | $92.62M |
| Current Liabilities | $29.27M | $24.34M | $23.31M | $26.17M | $24.01M | $21.27M | $26.99M | $23.76M | $27.05M | $25.05M |
| Long-term Debt | - | - | $15.21M | $14.63M | $11.56M | $11.27M | $8.51M | $8.52M | $4.60M | - |
| Total Liabilities | $74.31M | $70.48M | $69.33M | $70.15M | $64.61M | $61.10M | $64.71M | $61.27M | $68.39M | $57.66M |
| Stockholders' Equity | $3.69M | ($4.61M) | $53.66M | $54.51M | $59.08M | $62.77M | $56.53M | $58.67M | $31.69M | $34.96M |
| Retained Earnings | ($159.53M) | ($152.89M) | ($93.94M) | ($90.09M) | ($85.04M) | ($80.82M) | ($76.62M) | ($72.98M) | ($68.59M) | ($64.62M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($970.0K) | - | - | - | $1.61M | - | - | - | $3.91M | - |
| Investing Cash Flow | ($1.29M) | - | - | - | ($2.76M) | - | - | - | ($17.10M) | - |
| Financing Cash Flow | $9.86M | - | - | - | ($21.0K) | - | - | - | $8.89M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -109.4% | - | -37.8% | -56.0% | -43.9% | - | -30.0% | -15.0% | -46.9% | - |
| EBITDA margin | -81.6% | - | -10.2% | -27.5% | -27.4% | - | -7.9% | 5.4% | -31.6% | - |
| Net margin | -130.2% | - | -40.9% | -57.8% | -46.9% | - | -32.0% | -34.3% | -42.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 60.1% | - | 33.2% | 38.7% | 41.4% | - | 34.9% | 23.0% | 38.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.5% | - | -3.1% | -4.1% | -3.4% | - | -3.0% | -3.7% | -4.0% | - |
| Return on equity | -180.0% | - | -7.2% | -9.3% | -7.1% | - | -6.4% | -7.5% | -12.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.59 | 0.34 | 0.63 | 0.55 | 0.48 | 0.58 | 0.43 | 0.85 | 0.51 | 0.75 |
| Quick ratio | 0.54 | 0.28 | 0.58 | 0.51 | 0.42 | 0.52 | 0.38 | 0.79 | 0.44 | 0.69 |
| Cash ratio | 0.30 | 0.05 | 0.20 | 0.09 | 0.05 | 0.11 | 0.12 | 0.39 | 0.13 | 0.31 |
| Leverage | ||||||||||
| Debt / Equity | - | - | 0.28 | 0.27 | 0.20 | 0.18 | 0.15 | 0.15 | 0.15 | - |
| Debt / Assets | - | - | 0.12 | 0.12 | 0.09 | 0.09 | 0.07 | 0.07 | 0.05 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | 12.39 | - | - |
| Interest coverage | -18.9x | - | -18.1x | - | - | - | - | - | - | - |
| Equity multiplier | 21.14 | -14.30 | 2.29 | 2.29 | 2.09 | 1.97 | 2.14 | 2.04 | 3.16 | 2.65 |
| Liabilities / Assets | 0.95 | 1.07 | 0.56 | 0.56 | 0.52 | 0.49 | 0.53 | 0.51 | 0.68 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.08 | 0.07 | 0.07 | - | 0.09 | 0.11 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 426d | - | 324d | 424d | 319d | - | 209d | 250d | 283d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 28.9x | - | 2.9x | 3279.4x | 3.6x | - | 2.9x | 2.6x | 4.1x | - |
| P / S | 20.9x | - | 16.4x | 20418.7x | 23.6x | - | 14.6x | 12.0x | 14.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | 222.8x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -43.3% | - | -17.5% | -31.6% | -4.1% | - | 24.4% | 31.8% | -6.6% | - |
| Revenue CAGR (3y) | -20.2% | - | -14.1% | -19.1% | -11.6% | - | 4.1% | 39.5% | 64.8% | - |
| Revenue CAGR (5y) | 19.4% | - | 43.5% | 71.4% | 18.7% | - | 39.1% | 38.7% | 105.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -41.1% | - | -3.9% | -154.7% | 10.1% | - | -29.7% | 16.3% | -97.9% | - |
| Net income growth (YoY) | -57.4% | - | -5.6% | -15.2% | -6.2% | - | -32.5% | -78.1% | -61.6% | - |
| EPS growth (YoY) | -50.0% | - | 8.3% | 0.0% | 20.0% | - | 0.0% | -36.4% | -36.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -93.8% | - | -5.1% | -7.1% | 86.4% | 79.6% | 200.2% | 220.3% | 61.7% | 50.4% |
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing EMPIRE PETROLEUM CORP against the 5 most active filers in the same SIC group.