VIVK · Vivakor, Inc. - 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 | $19.46M | - | $16.98M | $29.10M | $37.34M | - | $15.92M | $16.18M | $16.02M | - |
| Cost of Revenue | $13.73M | - | $12.26M | $24.52M | $32.58M | - | $14.19M | $15.07M | $14.95M | - |
| Gross Profit | $5.72M | - | $4.72M | $4.58M | $4.76M | - | $1.73M | $1.11M | $1.07M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $5.60M | - | $10.71M | $4.48M | $5.37M | - | $2.61M | $2.97M | $1.66M | - |
| Total Operating Expenses | $8.15M | - | $13.75M | $11.36M | $11.20M | - | $3.68M | $3.96M | $2.69M | - |
| D&A | $2.55M | - | $3.03M | $6.87M | $5.83M | - | $1.06M | $988.4K | $1.01M | - |
| Operating Income | ($2.43M) | - | ($9.03M) | ($6.78M) | ($6.44M) | - | ($1.96M) | ($2.85M) | ($1.62M) | - |
| Interest Expense | - | - | $14.44M | $4.38M | $1.13M | - | $641.2K | $479.9K | $444.0K | - |
| Income Tax | $0 | - | $0 | $0 | - | - | - | $33.2K | $800 | - |
| Net Income | ($4.58M) | - | ($34.29M) | ($12.54M) | ($7.53M) | - | ($1.69M) | ($3.31M) | ($1.88M) | - |
| EPS - Basic | ($2.32) | - | ($418.00) | ($58.03) | ($40.62) | - | ($11.61) | ($23.21) | ($13.54) | - |
| EPS - Diluted | ($2.32) | - | ($418.00) | ($58.03) | ($40.62) | - | ($11.61) | ($23.21) | ($13.54) | - |
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 | $4.5K | $265.0K | $299.6K | $413.8K | $765.4K | $651.0K | $687.2K | $95.0K | $767.3K | $744.3K |
| Accounts Receivable | $2.20M | $3.53M | $5.83M | $18.32M | $12.93M | $1.63M | $691.9K | $3.37M | $4.03M | $2.46M |
| Inventory | $82.4K | $82.4K | $110.8K | $132.3K | $132.3K | $205.5K | $184.9K | $75.2K | $57.8K | $44.6K |
| Accounts Payable | $13.43M | $12.43M | $20.46M | $45.55M | $41.77M | $27.71M | $8.07M | $6.70M | $5.44M | $5.23M |
| Current Assets | $9.21M | $8.22M | $9.23M | $30.64M | $28.54M | $11.97M | $4.66M | $5.75M | $6.82M | $5.11M |
| Total Assets | $111.79M | $113.49M | $160.13M | $244.54M | $248.21M | $241.04M | $72.54M | $73.68M | $74.43M | $71.24M |
| Current Liabilities | $62.96M | $61.52M | $76.55M | $136.43M | $127.56M | $113.50M | $47.13M | $43.72M | $43.77M | $39.98M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $78.15M | $76.30M | $96.09M | $146.50M | $139.44M | $125.92M | $55.80M | $58.65M | $58.49M | $54.00M |
| Stockholders' Equity | $37.77M | $41.31M | $68.16M | $102.17M | $112.89M | $119.24M | $16.80M | $15.04M | $15.93M | $17.20M |
| Retained Earnings | ($211.05M) | ($204.27M) | ($148.06M) | ($112.06M) | ($98.07M) | ($88.95M) | ($72.79M) | ($71.10M) | ($67.79M) | ($65.91M) |
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 | ($3.32M) | - | - | - | ($35) | - | - | - | ($1.83M) | - |
| Investing Cash Flow | - | - | - | - | $1.48M | - | - | - | ($1.03M) | - |
| Financing Cash Flow | $1.29M | - | - | - | ($370.2K) | - | - | - | $2.88M | - |
| CapEx | - | - | - | - | - | - | - | - | $1.03M | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($2.86M) | - |
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 | 29.4% | - | 27.8% | 15.7% | 12.7% | - | 10.8% | 6.9% | 6.7% | - |
| Operating margin | -12.5% | - | -53.2% | -23.3% | -17.3% | - | -12.3% | -17.6% | -10.1% | - |
| EBITDA margin | 0.6% | - | -35.3% | 0.3% | -1.6% | - | -5.6% | -11.5% | -3.8% | - |
| Net margin | -23.5% | - | -201.9% | -43.1% | -20.2% | - | -10.6% | -20.5% | -11.7% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -17.8% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 1.52 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 28.8% | - | 63.1% | 15.4% | 14.4% | - | 16.4% | 18.4% | 10.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.1% | - | -21.4% | -5.1% | -3.0% | - | -2.3% | -4.5% | -2.5% | - |
| Return on equity | -12.1% | - | -50.3% | -12.3% | -6.7% | - | -10.0% | -22.0% | -11.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.15 | 0.13 | 0.12 | 0.22 | 0.22 | 0.11 | 0.10 | 0.13 | 0.16 | 0.13 |
| Quick ratio | 0.14 | 0.13 | 0.12 | 0.22 | 0.22 | 0.10 | 0.09 | 0.13 | 0.15 | 0.13 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -0.6x | -1.5x | -5.7x | - | -3.1x | -5.9x | -3.6x | - |
| Equity multiplier | 2.96 | 2.75 | 2.35 | 2.39 | 2.20 | 2.02 | 4.32 | 4.90 | 4.67 | 4.14 |
| Liabilities / Assets | 0.70 | 0.67 | 0.60 | 0.60 | 0.56 | 0.52 | 0.77 | 0.80 | 0.79 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.11 | 0.12 | 0.15 | - | 0.22 | 0.22 | 0.22 | - |
| Inventory turnover | 166.63 | - | 110.69 | 185.30 | 246.23 | - | 76.75 | 200.49 | 258.80 | - |
| Days sales outstanding | 41d | - | 125d | 230d | 126d | - | 16d | 76d | 92d | - |
| Days inventory outstanding | 2d | - | 3d | 2d | 1d | - | 5d | 2d | 1d | - |
| Days payable outstanding | 357d | - | 609d | 678d | 468d | - | 208d | 162d | 133d | - |
| Cash conversion cycle | -313d | - | -480d | -446d | -340d | - | -187d | -84d | -40d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.2x | - | 21.3x | 69.7x | 33.9x | - | 543.1x | - | - | - |
| P / S | 0.4x | - | 85.3x | 244.9x | 102.5x | - | 573.2x | - | - | - |
| EV / EBITDA | 66.8x | - | - | 75637.4x | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -47.9% | - | 6.7% | 79.8% | 133.1% | - | -2.4% | 19.1% | 3.1% | - |
| Revenue CAGR (3y) | 7.8% | - | 13.0% | 997.7% | 632.5% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 20.3% | - | 173.4% | 312.3% | 345.5% | - | 11.6% | -8.6% | -29.4% | - |
| Operating income growth (YoY) | 62.4% | - | -361.1% | -137.6% | -298.4% | - | -162.8% | -240.4% | -43.7% | - |
| Net income growth (YoY) | 39.2% | - | -1931.1% | -278.4% | -299.9% | - | 32.9% | -79.6% | 33.2% | - |
| EPS growth (YoY) | 94.3% | - | -3501.8% | -150.0% | -200.0% | - | -8189.6% | -23110.8% | -9571.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -32.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -66.5% | -65.4% | 305.8% | 579.3% | 608.8% | 593.4% | 20.8% | 0.7% | -2.4% | -8.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$104.42M totalRevenues$84.19M · 80.6%
Revenues Related Party$20.23M · 19.4%
Peer comparison
Same SIC group: Refuse Systems
Comparing Vivakor against the 5 most active filers in the same SIC group.