Prairie Operating Co.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/16/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $241.6M | $7.9M | — | $1.5M | $517,602 |
| Research and development | $152.9M | $38.0M | — | — | — |
| Operating expenses | $176.1M | $34.5M | — | $16.5M | $8.1M |
| Operating income | $65.6M | -$26.5M | — | -$16.5M | -$7.6M |
| Interest expense | — | — | — | — | $613,827 |
| Pretax income | $53.7M | -$39.9M | — | -$62.0M | -$13.4M |
| Income tax expense | $21.7M | $0 | — | — | — |
| Net income | $32.1M | -$40.9M | — | -$79.1M | -$13.4M |
| Balance Sheet | |||||
| Cash and equivalents | $20,000 | $5.2M | — | $13.0M | $79,845 |
| Current assets | $79.7M | $18.3M | — | $13.5M | $79,845 |
| Total assets | $944.5M | $156.6M | — | $45.7M | $1.8M |
| Current liabilities | $125.8M | $63.0M | — | $5.4M | $2.2M |
| Total liabilities | $678.2M | $103.8M | — | $5.5M | $2.2M |
| Total debt | — | $11.3M | $28.0M | — | — |
| Stockholders' equity | $130.2M | $52.8M | — | $40.2M | -$6.5M |
| Cash Flow Statement | |||||
| Cash from operations | $153.9M | -$9.3M | — | -$11.9M | -$2.2M |
| Depreciation and amortization | $48.9M | $427,000 | — | $983,788 | $658,080 |
| Stock-based compensation | $14.8M | $8.4M | — | $2.9M | $2.7M |
| Capital expenditure | $19.4M | $94,000 | — | $200,000 | $5.3M |
| Free cash flow | $134.5M | -$9.4M | — | -$12.1M | -$7.5M |
| Share repurchases | $531,000 | $0 | — | — | — |
| Impairments | — | — | — | $17.1M | $107,174 |
Shares outstanding 97.7M
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.