Filing Flows › Vivakor (VIVK) › Q2 2025
Vivakor (VIVK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 19, 2025
Vivakor (VIVK) reported revenue of $29.1M for the second quarter 2025 (Q2 2025), +80% from a year earlier and -22% from the quarter before. Operating margin was -23.3%, net loss $12.5M (43.1% of revenue).
Vivakor, Q2 2025: revenue $29.1M (+80% year over year), operating margin -23.3%, net loss $12.5M, operating cash flow −$7.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.1M | -22% | +80% |
| Operating profit | −$6.8M | — | — |
| Net earnings | −$12.5M | — | — |
| Operating cash flow | −$7.0M | — | — |
What changed
Revenue was $29.1M in Q2 2025, up 80% year over year and down 22% from the previous quarter. Terminaling and storage was the largest line at 46% of revenue. Terminaling and storage- related party added $2.4M year over year (up 83%), 18% of the total change.
Gross margin was 15.7%, up 8.9 points from a year earlier. Operating costs exceeded revenue by $6.8M, an operating margin of -23.3%. Operating expenses grew 187% against revenue growth of 80%. The fastest-growing cost line was Other operating costs (+595%). The quarter ended with a net loss of $12.5M, wider than the previous quarter's $7.5M loss.
Operating cash flow was −$7.0M. Non-cash charges added back $6.9M of depreciation and amortization and $189K of share-based compensation. Working capital and other items used $1.5M.
Questions
What was Vivakor's revenue in the second quarter 2025?
Vivakor (VIVK) reported revenue of $29.1M for the second quarter 2025 (Q2 2025), +80% from a year earlier and -22% from the quarter before.
Was Vivakor profitable in the second quarter 2025?
Operating loss was $6.8M (-23.3% of revenue) and net loss $12.5M.
Source: Vivakor 10-Q on SEC EDGAR.