EMPIRE PETROLEUM 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 | $34.2M | $44.0M | $40.1M | $53.2M | $27.5M |
| Operating expenses | $105.5M | $57.3M | $51.7M | $44.1M | $27.6M |
| Operating income | -$71.3M | -$13.7M | -$11.6M | $8.8M | -$473,370 |
| Interest expense | $1.5M | $1.5M | — | — | — |
| Pretax income | -$72.1M | -$16.2M | -$12.6M | $7.3M | -$18.6M |
| Income tax expense | — | — | -$132,192 | $208,898 | — |
| Net income | -$72.1M | -$16.2M | -$12.5M | $7.1M | -$18.6M |
| Balance Sheet | |||||
| Cash and equivalents | $1.2M | $2.3M | $7.8M | $11.9M | $3.6M |
| Current assets | $8.2M | $12.4M | $18.7M | $22.7M | $13.1M |
| Total assets | $65.9M | $123.9M | $92.6M | $71.5M | $50.1M |
| Current liabilities | $24.3M | $21.3M | $25.0M | $17.6M | $12.1M |
| Total liabilities | $70.5M | $61.1M | $57.7M | $48.3M | $40.3M |
| Total debt | — | $143,689 | $544,382 | $547,692 | — |
| Stockholders' equity | -$4.6M | $62.8M | $35.0M | $23.2M | $9.8M |
| Cash Flow Statement | |||||
| Cash from operations | -$3.9M | $6.2M | -$9.9M | $18.1M | $3.2M |
| Depreciation and amortization | $10.6M | $9.3M | $3.1M | $1.9M | $2.5M |
| Stock-based compensation | $1.4M | $2.2M | $3.1M | — | — |
| Capital expenditure | $54,000 | $152,000 | — | $1.3M | — |
| Free cash flow | -$4.0M | $6.0M | — | $16.8M | — |
Shares outstanding 39.8M · Free float 12.1%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.