PROP · Prairie Operating Co. - 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 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.42M | - | $0 | $68.10M | $13.59M | - | - | - | - | $458.0K |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $16.89M | - | $12.27M | $16.44M | $5.55M | - | $8.79M | $8.51M | $7.60M | $6.31M |
| Total Operating Expenses | $57.57M | - | $50.67M | $49.16M | $11.84M | - | $8.82M | $8.57M | $8.04M | $6.95M |
| D&A | $15.84M | - | $16.04M | $12.20M | $2.12M | - | $711 | - | - | $425.5K |
| Operating Income | ($191.07M) | - | $27.05M | $18.94M | $1.75M | - | ($8.82M) | ($8.57M) | ($8.04M) | ($6.49M) |
| Interest Expense | $1.38M | - | - | $8.10M | $1.20M | - | - | - | - | - |
| Income Tax | ($38.39M) | - | $0 | - | - | - | - | - | - | - |
| Net Income | ($152.67M) | - | $1.29M | $35.68M | ($2.62M) | - | ($11.42M) | ($8.51M) | ($9.04M) | ($34.42M) |
| EPS - Basic | ($2.16) | - | ($0.44) | $1.04 | ($3.49) | - | ($0.68) | ($0.71) | ($0.90) | ($5.24) |
| EPS - Diluted | ($2.16) | - | ($0.44) | $0.18 | ($3.49) | - | ($0.68) | ($0.71) | ($0.90) | ($5.24) |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $263.0K | $20.0K | $10.64M | $10.65M | $14.97M | $5.19M | $40.05M | $2.23M | $4.05M | $7.24M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $2.65M | $3.60M | $4.89M | $3.42M | $5.0K | - | - | - | - | - |
| Accounts Payable | - | - | - | $38.31M | $25.14M | $33.86M | $9.22M | $3.82M | $3.60M | $2.30M |
| Current Assets | $58.35M | $79.72M | $120.98M | $97.40M | $71.89M | $18.30M | $57.08M | $4.60M | $6.19M | $7.61M |
| Total Assets | $958.75M | $944.55M | $939.79M | $858.54M | $775.45M | $156.55M | $107.17M | $48.23M | $46.53M | $40.09M |
| Current Liabilities | $239.37M | $125.78M | $145.01M | $161.64M | $126.63M | $63.01M | $45.01M | $12.51M | $8.65M | $11.60M |
| Long-term Debt | - | - | - | $387.00M | $377.00M | $28.00M | - | - | - | $2.00M |
| Total Liabilities | $836.29M | $678.24M | $679.26M | $599.78M | $553.12M | $103.79M | $45.89M | $12.68M | $8.87M | $62.34M |
| Stockholders' Equity | $400.0K | $130.16M | $101.84M | $94.17M | $34.04M | $52.77M | $61.29M | $35.55M | $37.66M | ($64.05M) |
| Retained Earnings | ($240.39M) | ($87.72M) | ($85.41M) | ($86.70M) | ($122.38M) | ($119.77M) | ($107.83M) | ($96.40M) | ($87.89M) | ($55.40M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $42.27M | - | - | - | $16.93M | - | - | - | ($3.32M) | - |
| Investing Cash Flow | ($36.34M) | - | - | - | ($528.43M) | - | - | - | ($10.13M) | - |
| Financing Cash Flow | ($5.69M) | - | - | - | $521.28M | - | - | - | $4.46M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -229.1% | - | - | 27.8% | 12.9% | - | - | - | - | -1417.7% |
| EBITDA margin | -210.1% | - | - | 45.7% | 28.5% | - | - | - | - | -1324.8% |
| Net margin | -183.0% | - | - | 52.4% | -19.3% | - | - | - | - | -7515.2% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 20.2% | - | - | 24.1% | 40.8% | - | - | - | - | 1379.0% |
| Effective tax rate | - | - | 0.0% | - | - | - | - | - | - | - |
| Return on assets | -15.9% | - | 0.1% | 4.2% | -0.3% | - | -10.7% | -17.7% | -19.4% | -85.8% |
| Return on equity | -38168.3% | - | 1.3% | 37.9% | -7.7% | - | -18.6% | -23.9% | -24.0% | 53.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.24 | 0.63 | 0.83 | 0.60 | 0.57 | 0.29 | 1.27 | 0.37 | 0.72 | 0.66 |
| Quick ratio | 0.23 | 0.61 | 0.80 | 0.58 | 0.57 | 0.29 | 1.27 | 0.37 | 0.72 | 0.66 |
| Cash ratio | 0.00 | 0.00 | 0.07 | 0.07 | 0.12 | 0.08 | 0.89 | 0.18 | 0.47 | 0.62 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 4.11 | 11.07 | 0.53 | - | - | - | -0.03 |
| Debt / Assets | - | - | - | 0.45 | 0.49 | 0.18 | - | - | - | 0.05 |
| Debt / EBITDA | - | - | - | 12.43 | 97.42 | - | - | - | - | - |
| Interest coverage | -138.7x | - | - | 2.3x | 1.5x | - | - | - | - | - |
| Equity multiplier | 2396.89 | 7.26 | 9.23 | 9.12 | 22.78 | 2.97 | 1.75 | 1.36 | 1.24 | -0.63 |
| Liabilities / Assets | 0.87 | 0.72 | 0.72 | 0.70 | 0.71 | 0.66 | 0.43 | 0.26 | 0.19 | 1.55 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.00 | 0.08 | 0.02 | - | - | - | - | 0.01 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 16.6x | - | - | - | - | - | - |
| P / B | 409.0x | - | 0.3x | - | - | - | - | - | - | - |
| P / S | 2.0x | - | - | - | - | - | - | - | - | 136.3x |
| EV / EBITDA | - | - | 0.5x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 513.8% | - | - | - | - | - | - | - | - | 5656.8% |
| Revenue CAGR (3y) | - | - | - | 642.2% | 228.0% | - | - | - | - | -8.7% |
| Revenue CAGR (5y) | 194.1% | - | - | 142.2% | 39.2% | - | - | - | - | -36.6% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | -35.8% | 56.5% | -884.3% | -276.2% |
| Net income growth (YoY) | -5733.9% | - | - | - | 71.0% | - | 66.8% | 59.7% | -830.4% | -5616.2% |
| EPS growth (YoY) | 38.1% | - | 35.3% | - | -287.8% | - | 87.0% | -273.7% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -98.8% | 146.7% | 66.2% | 164.9% | -9.6% | 31.4% | - | 344.8% | - | -63650.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$269.78M totalCrude Oil Sales$204.04M · 75.6%
NGLSales$28.14M · 10.4%
Natural Gas Liquids Reserves$28.14M · 10.4%
Natural Gas Sales$9.47M · 3.5%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing Prairie Operating Co. against the 5 most active filers in the same SIC group.