Filing Flows › Vivakor (VIVK) › Q3 2025
Vivakor (VIVK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Vivakor (VIVK) reported revenue of $17.0M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -42% from the quarter before. Operating margin was -53.2%, net loss $34.3M (201.9% of revenue).
Vivakor, Q3 2025: revenue $17.0M (+7% year over year), operating margin -53.2%, net loss $34.3M, operating cash flow $11.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.0M | -42% | +7% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$34.3M | — | — |
| Operating cash flow | $11.3M | — | 11× |
What changed
Revenue was $17.0M in Q3 2025, up 7% year over year and down 42% from the previous quarter. Supply and Trading was the largest line at 52% of revenue. Supply and Trading declined 44%.
Gross margin was 27.8%, up 16.9 points from a year earlier. Operating costs exceeded revenue by $9.0M, an operating margin of -53.2%. Operating expenses grew 273% against revenue growth of 7%. The fastest-growing cost line was General & admin (+310%). The quarter ended with a net loss of $34.3M, wider than the previous quarter's $12.5M loss. Net interest and other expense of $25.3M was the main reason.
Operating cash flow was $11.3M (up 1040% year over year). Non-cash charges added back $3.0M of depreciation and amortization and $489K of share-based compensation. Working capital and other items added $42.1M.
Questions
What was Vivakor's revenue in the third quarter 2025?
Vivakor (VIVK) reported revenue of $17.0M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -42% from the quarter before.
Was Vivakor profitable in the third quarter 2025?
Operating loss was $9.0M (-53.2% of revenue) and net loss $34.3M.
Source: Vivakor 10-Q on SEC EDGAR.