Filing Flows › Vivakor (VIVK) › Q1 2026
Vivakor (VIVK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Vivakor (VIVK) reported revenue of $19.5M for the first quarter 2026 (Q1 2026), -48% from a year earlier and -7% from the quarter before. Operating margin was -12.5%, net loss $4.6M (23.5% of revenue).
Vivakor, Q1 2026: revenue $19.5M (-48% year over year), operating margin -12.5%, net loss $4.6M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.5M | -7% | -48% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $19.5M in Q1 2026, down 48% year over year and down 7% from the previous quarter. Supply and Trading Segment was the largest line at 70% of revenue. Terminaling and Storage Segment lost $16.4M year over year (down 90%), 92% of the total change.
Gross margin was 29.4%, up 16.7 points from Q1 2025. Operating costs exceeded revenue by $2.4M, an operating margin of -12.5%. Operating expenses fell 27% while revenue fell 48%. The quarter ended with a net loss of $4.6M, narrower than the previous quarter's $55.9M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $2.6M of depreciation and amortization and $338K of share-based compensation. Working capital and other items used $1.6M.
Questions
What was Vivakor's revenue in the first quarter 2026?
Vivakor (VIVK) reported revenue of $19.5M for the first quarter 2026 (Q1 2026), -48% from a year earlier and -7% from the quarter before.
Was Vivakor profitable in the first quarter 2026?
Operating loss was $2.4M (-12.5% of revenue) and net loss $4.6M.
Source: Vivakor 10-Q on SEC EDGAR.