VIVK Nasdaq Refuse Systems Financials FY2020βFY2025
Vivakor, Inc. had $104M of revenue in fiscal 2025, up 16.3% on the year before. Over five years, revenue changed +135.0% a year on average.
Last close Β· Oct 23, 2026
$1.46
10.4%Hi! I read Vivakor, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+16.3%
Yes. Sales grew 16.3% last year.
Does it make a profit?
β105.6%
No. It lost money last year.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Vivakor, Inc. had $104M of revenue in fiscal 2025, up 16.3% on the year before. Over five years, revenue changed +135.0% a year on average. Its operating margin was β61.1%, down 36.6Β pts: of every 100 in sales, about β61 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Vivakor, Inc. lost $110M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Vivakor, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.3M | $3.1M | $0.7M | $0.7M | $0.3M |
| Current ratio | 0.7x | 0.7x | 0.1x | 0.1x | 0.1x |
| Quick ratio | 0.7x | 0.7x | 0.1x | 0.1x | 0.1x |
| Total assets | $47.7M | $76.3M | $71.2M | $241M | $113M |
| Total liabilities | $20.2M | $49.3M | $54.0M | $126M | $76.3M |
| Shareholders' equity | $22.5M | $18.9M | $17.2M | $119M | $41.3M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Vivakor, Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 1 / 7 | 3 / 7 | 3 / 7 | 5 / 8 | 4 / 8 |
| Accruals ratio | β2.6% | β9.7% | β26.0% | β13.6% | β18.0% | β53.3% |
| Altman Z'' | β1.69 | β2.53 | β4.28 | β6.49 | β3.59 | β12.16 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $1.5M | $1.1M | $28.1M | $59.3M | $89.8M | $104M |
| Gross profit | $0.1M | $0.0M | $2.9M | $5.0M | $10.2M | $37.7M |
| Operating income | β$4.8M | β$6.9M | β$22.7M | β$6.3M | β$22.0M | β$63.8M |
| Pretax income | β | β$8.3M | β$24.7M | β$10.7M | β$26.2M | β$110M |
| Income tax | $0.5M | β$1.1M | β$4.4M | $0.1M | $0.1M | $0.1M |
| Net income | β$2.9M | β$7.3M | β$20.2M | β$10.8M | β$26.4M | β$110M |
| Net income to common | β$2.4M | β$5.5M | β$19.4M | β$10.7M | β$23.0M | β$115M |
| Diluted EPS | β | β | β | β$0.56 | β$151.32 | β$318.01 |
| Diluted shares | β | β | β | 0.02B | 0.00B | 0.00B |
| Cash flow | ||||||
| Cash from operations | β$1.8M | β$2.9M | β$4.1M | β$0.8M | $1.8M | β$15.8M |
| Capital expenditure | $1.2M | $4.2M | $2.5M | $3.3M | β | β |
| Free cash flow | β$3.0M | β$7.1M | β$6.6M | β$4.1M | β | β |
| Depreciation and amortization | $1.6M | $1.5M | $3.0M | $3.9M | $11.4M | $18.0M |
| Stock-based compensation | $0.1M | $0.4M | $2.6M | $1.6M | $2.6M | $1.5M |
| Balance sheet | ||||||
| Cash and short-term investments | $0.3M | $1.3M | $3.1M | $0.7M | $0.7M | $0.3M |
| Finance lease liabilities | β | $0.0M | $3.3M | $2.8M | $9.4M | $8.7M |
| Deposits | $0.0M | $0.0M | $0.0M | β | β | β |
| Current assets | $6.2M | $5.2M | $9.2M | $5.1M | $12.0M | $8.2M |
| Current liabilities | $3.6M | $7.2M | $12.9M | $40.0M | $114M | $61.5M |
| Inventory | $0.5M | $0.2M | $0.0M | $0.0M | $0.2M | $0.1M |
| Property and equipment, net | $18.2M | $24.7M | $22.6M | $24.3M | $100M | $58.3M |
| Goodwill | β | $12.7M | $12.7M | $15.0M | $68.9M | $0.0M |
| Intangible assets | $15.0M | $13.7M | $28.3M | $23.4M | β | β |
| Total assets | $42.3M | $47.7M | $76.3M | $71.2M | $241M | $113M |
| Total liabilities | $16.3M | $20.2M | $49.3M | $54.0M | $126M | $76.3M |
| Preferred stock | β | $0.0M | $0.0M | β | $0.0M | $0.0M |
| Shareholders' equity | $15.4M | $22.5M | $18.9M | $17.2M | $119M | $41.3M |
| Margins | ||||||
| Gross margin | 7.0% | 3.5% | 10.2% | 8.5% | 11.4% | 36.1% |
| Operating margin | β332.6% | β636.3% | β80.9% | β10.7% | β24.5% | β61.1% |
| EBITDA margin | β225.4% | β502.0% | β70.4% | β4.0% | β11.8% | β43.9% |
| Net margin | β197.0% | β666.6% | β72.0% | β18.3% | β29.3% | β105.6% |
| FCF margin | β202.5% | β655.8% | β23.6% | β6.9% | β | β |
| Returns | ||||||
| Return on capital employed | β12.5% | β17.1% | β35.9% | β20.3% | β17.2% | β122.8% |
| Return on equity | β18.6% | β38.2% | β97.8% | β60.1% | β38.6% | β137.3% |
| Return on assets | β6.8% | β16.1% | β32.6% | β14.7% | β16.9% | β62.2% |
| Return on tangible equity | β532.1% | β | β | β | β45.8% | β279.1% |
| Growth | ||||||
| Revenue growth | β | β25.3% | 2,482.4% | 111.1% | 51.4% | 16.3% |
| Share count change | β | β | β | β | β99.2% | 138.1% |
| Financial health | ||||||
| Current ratio | 1.7x | 0.7x | 0.7x | 0.1x | 0.1x | 0.1x |
| Quick ratio | 1.6x | 0.7x | 0.7x | 0.1x | 0.1x | 0.1x |
| Capital allocation | ||||||
| Capex / revenue | 82.2% | 389.2% | 8.9% | 5.6% | β | β |
| Stock comp / revenue | 10.0% | 41.0% | 9.3% | 2.7% | 2.8% | 1.4% |
| Quality scores | ||||||
| Piotroski F-score | β | 1.0 | 3.0 | 3.0 | 5.0 | 4.0 |
| Altman Z'' | β1.7 | β2.5 | β4.3 | β6.5 | β3.6 | β12.2 |
| Accruals ratio | β2.6% | β9.7% | β26.0% | β13.6% | β18.0% | β53.3% |
Source: SEC EDGAR XBRL filings (CIK 0001450704). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
