Vivakor, Inc.
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 | $104.4M | $89.8M | $59.3M | $28.1M | $1.1M |
| Cost of revenue | $66.7M | $79.6M | $54.3M | $25.2M | $1.1M |
| Gross profit | $37.7M | $10.2M | $5.0M | $2.9M | $37,752 |
| Operating expenses | $101.6M | $32.2M | $11.4M | $25.6M | $7.0M |
| Operating income | -$63.8M | -$22.0M | -$6.3M | -$22.7M | -$6.9M |
| Pretax income | -$110.1M | -$26.2M | -$10.7M | -$24.7M | -$8.3M |
| Income tax expense | $117,004 | $126,869 | $92,703 | -$4.4M | -$1.1M |
| Net income | -$110.2M | -$26.4M | -$10.8M | -$20.2M | -$7.3M |
| Balance Sheet | |||||
| Cash and equivalents | $265,019 | $651,022 | $744,307 | $3.1M | $1.3M |
| Current assets | $8.2M | $12.0M | $5.1M | $9.2M | $5.2M |
| Total assets | $113.5M | $241.0M | $71.2M | $76.3M | $47.7M |
| Current liabilities | $61.5M | $113.5M | $40.0M | $12.9M | $7.2M |
| Total liabilities | $76.3M | $125.9M | $54.0M | $49.3M | $20.2M |
| Stockholders' equity | $41.3M | $119.2M | $17.2M | $18.9M | $22.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$15.8M | $1.8M | -$764,902 | -$4.1M | -$2.9M |
| Depreciation and amortization | $18.0M | $11.4M | $3.9M | $638,073 | $11,561 |
| Stock-based compensation | $1.5M | $2.6M | $1.6M | $2.6M | $446,112 |
| Capital expenditure | — | — | $3.3M | $2.5M | $4.2M |
| Free cash flow | — | — | -$4.1M | -$6.6M | -$7.1M |
| Impairments | $40.6M | $8.6M | $0 | $11.1M | — |
Shares outstanding 4.3M · Free float 3.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.