Vivakor, Inc. VIVK
Vivakor, Inc. was originally organized in 2006 as a Nevada limited liability company and converted to a Nevada corporation in 2008. Since then, we have grown through strategic acquisitions and the development of our integrated midstream platform, which provides crude oil transportation, terminaling, and marketing services across major U.S. producing basins.
Key milestones include the 2022 acquisition of our terminaling facilities in Colorado City, Texas and Delhi, Louisiana, and the 2024 acquisition of our trucking, pipeline, and storage operations (hereinafter the "Endeavor Entities"). We have also developed Remediation Processing Centers ("RPCs") capable of recovering hydrocarbons from oil-contaminated materials, with prior trials in Kuwait achieving Category A approval under the United Nations-funded Kuwait Environmental Remediation Project.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $104.4M | $89.8M | $59.3M | $28.1M | $1.1M | $1.5M | — |
| Cost of revenue | $66.7M | $79.6M | $54.3M | $25.2M | $1.1M | $1.4M | — |
| Gross profit | $37.7M | $10.2M | $5.0M | $2.9M | $37.8K | $101.4K | — |
| SG&A | $43.0M | $12.2M | $7.4M | $10.0M | $4.7M | $2.8M | — |
| Total operating expenses | $101.6M | $32.2M | $11.4M | $25.6M | $7.0M | $4.9M | — |
| Operating income | -$63.8M | -$22.0M | -$6.3M | -$22.7M | -$6.9M | -$4.8M | — |
| Pre-tax income | -$110.1M | -$26.2M | -$10.7M | -$24.7M | -$8.3M | -$2.4M | — |
| Income tax | $117.0K | $126.9K | $92.7K | $4.4M | $1.1M | $467.0K | — |
| Net income | -$110.2M | -$26.4M | -$10.8M | -$20.2M | -$7.3M | -$2.9M | — |
| EPS, basic | -318.01 | -151.32 | -0.56 | — | -0.46 | -0.23 | — |
| EPS, diluted | -318.01 | -151.32 | -0.56 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $362.6K | $152.3K | $19.3M | — | $12.0M | $10.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $265.0K | $651.0K | $744.3K | $3.2M | $1.5M | $398.9K | $604.9K |
| Receivables | $3.5M | $1.6M | $2.5M | $2.6M | — | — | — |
| Inventory | $82.4K | $205.5K | $44.6K | $47.2K | $192.0K | $525.7K | — |
| Total current assets | $8.2M | $12.0M | $5.1M | $9.2M | $5.2M | $6.2M | — |
| Property, plant and equipment | $58.3M | $100.0M | $24.3M | $22.6M | $24.7M | $18.2M | — |
| Goodwill | — | $68.9M | $15.0M | $12.7M | $12.7M | — | — |
| Other intangibles | — | — | $23.4M | $28.3M | $13.7M | $15.0M | — |
| Total assets | $113.5M | $241.0M | $71.2M | $76.3M | $47.7M | $42.3M | — |
| Accounts payable | $12.4M | $27.7M | $5.2M | $910.0K | $1.5M | $1.0M | — |
| Short-term debt | $475.0K | — | — | — | — | — | — |
| Total current liabilities | $61.5M | $113.5M | $40.0M | $12.9M | $7.2M | $3.6M | — |
| Total liabilities | $76.3M | $125.9M | $54.0M | $49.3M | $20.2M | $16.3M | — |
| Retained earnings | -$204.3M | -$89.0M | -$65.9M | -$55.2M | -$35.7M | -$30.2M | — |
| Total equity | $41.3M | $119.2M | $17.2M | $27.1M | $27.6M | $16.7M | -$1.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.8M | $1.8M | -$764.9K | -$4.1M | -$2.9M | -$1.8M | — |
| Depreciation and amortisation | $18.0M | $11.4M | $3.9M | $638.1K | $11.6K | $11.5K | — |
| Stock-based compensation | $1.5M | $2.6M | $1.6M | $2.6M | $446.1K | $146.1K | — |
| Capital expenditure | — | — | $3.3M | $2.5M | $4.2M | $1.2M | — |
| Investing cash flow | $1.7M | $302.2K | -$3.7M | -$2.3M | -$4.5M | -$1.2M | — |
| Financing cash flow | $12.5M | $819.7K | $2.0M | $8.2M | $8.5M | $2.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001829126-26-006843.
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