Filing Flows › BKV (BKV) › Q2 2025
BKV (BKV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
BKV (BKV) reported revenue of $207M for the second quarter 2025 (Q2 2025), +55% from a year earlier and -10% from the quarter before. Operating margin was 62.0%, net earnings $108M (52.0% of revenue).
BKV, Q2 2025: revenue $207M (+55% year over year), operating margin 62.0%, net earnings $108M, operating cash flow $76.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | -10% | +55% |
| Operating profit | $128M | — | — |
| Net earnings | $108M | — | — |
| Operating cash flow | $76.2M | +237% | — |
What changed
Revenue was $207.1M in Q2 2025, up 55% year over year and down 10% from the previous quarter.
Operating profit was $128.4M, a 62.0% margin (up 94.2 points year over year). Total costs fell 56% while revenue rose 55%. The fastest-growing cost line was General & admin (+58%). Net earnings were $107.8M ($104.7M including minority interests, which bore $3.0M of losses). The effective tax rate was 21.8%.
Operating cash flow was $76.2M, 73% of net income including minority interests. Non-cash charges added back $38.1M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $70.8M. Capital expenditures of −$50.1M left free cash flow of $126.3M.
Questions
What was BKV's revenue in the second quarter 2025?
BKV (BKV) reported revenue of $207M for the second quarter 2025 (Q2 2025), +55% from a year earlier and -10% from the quarter before.
Was BKV profitable in the second quarter 2025?
Operating profit was $128M (62.0% of revenue) and net earnings $108M.
Source: BKV 10-Q on SEC EDGAR.