Filing Flows › Vivakor (VIVK) › Q1 2025
Vivakor (VIVK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
Vivakor (VIVK) reported revenue of $37.3M for the first quarter 2025 (Q1 2025), +133% from a year earlier and -10% from the quarter before. Operating margin was -17.3%, net loss $7.5M (20.2% of revenue).
Vivakor, Q1 2025: revenue $37.3M (+133% year over year), operating margin -17.3%, net loss $7.5M, operating cash flow −$35. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.3M | -10% | +133% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$7.5M | — | — |
| Operating cash flow | −$35 | -100% | — |
What changed
Revenue was $37.3M in Q1 2025, up 133% year over year and down 10% from the previous quarter. Terminaling and storage was the largest line at 58% of revenue. Terminaling and storage added $8.9M year over year (up 69%), 42% of the total change. Terminaling and storage- related party declined 34%.
Gross margin was 12.7%, up 6.1 points from a year earlier. Operating costs exceeded revenue by $6.4M, an operating margin of -17.3%. Operating expenses grew 317% against revenue growth of 133%. The fastest-growing cost line was Other operating costs (+478%). The quarter ended with a net loss of $7.5M, narrower than the previous quarter's $19.4M loss.
Operating cash flow was −$0K. Non-cash charges added back $5.8M of depreciation and amortization and $501K of share-based compensation. Working capital and other items added $1.2M.
Questions
What was Vivakor's revenue in the first quarter 2025?
Vivakor (VIVK) reported revenue of $37.3M for the first quarter 2025 (Q1 2025), +133% from a year earlier and -10% from the quarter before.
Was Vivakor profitable in the first quarter 2025?
Operating loss was $6.4M (-17.3% of revenue) and net loss $7.5M.
Source: Vivakor 10-Q on SEC EDGAR.