BKV Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.1B | $1.0B | $1.3B | $1.7B | — |
| Operating expenses | $1.2B | $1.1B | $1.1B | $726.0M | — |
| Operating income | $303.7M | -$64.2M | $241.1M | $304.6M | — |
| Pretax income | $225.2M | -$175.8M | $162.1M | $472.8M | — |
| Income tax expense | $36.9M | -$42.4M | $30.1M | $62.7M | — |
| Net income | $179.2M | -$138.7M | $123.6M | $410.1M | — |
| Balance Sheet | |||||
| Cash and equivalents | $248.4M | $81.2M | $105.0M | — | — |
| Current assets | $511.4M | $235.0M | $312.2M | — | — |
| Total assets | $3.9B | $3.1B | $2.7B | — | — |
| Current liabilities | $564.6M | $236.7M | $412.3M | — | — |
| Total liabilities | $1.9B | $1.5B | $1.2B | — | — |
| Stockholders' equity | $2.0B | $1.5B | $1.3B | $1.0B | $663.6M |
| Cash Flow Statement | |||||
| Cash from operations | $280.4M | $115.4M | $260.3M | $349.2M | — |
| Depreciation and amortization | $197.2M | $255.9M | $256.2M | $130.0M | — |
| Stock-based compensation | $12.8M | $16.3M | $25.8M | $31.9M | — |
| Capital expenditure | $305.1M | $105.4M | $201.5M | — | — |
| Free cash flow | -$24.7M | $10.0M | $58.8M | — | — |
| Share repurchases | — | $0 | $600,000 | — | — |
Shares outstanding 109.4M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.