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Vivakor (VIVK) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Apr 15, 2026

Vivakor (VIVK) reported revenue of $21.0M for the fourth quarter 2025 (Q4 2025), -50% from a year earlier and +24% from the quarter before. Operating margin was -198.0%, net loss $55.9M (266.1% of revenue).

Revenue$21.0M
Year over year-50%
Quarter over quarter+24%
Operating margin-198.0%
Net earnings−$55.9M

Vivakor, Q4 2025: revenue $21.0M (-50% year over year), operating margin -198.0%, net loss $55.9M, operating cash flow −$20.1M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$21.0M+24%-50%
Operating profit−$41.6M——
Net earnings−$55.9M——
Operating cash flow−$20.1M-278%-1321%

What changed

Revenue was $21.0M in Q4 2025, down 50% year over year and up 24% from the previous quarter.

Operating costs exceeded revenue by $41.6M, an operating margin of -198.0%. The fastest-growing cost line was General & admin (+353%). The quarter ended with a net loss of $55.9M, wider than the previous quarter's $34.3M loss.

Operating cash flow was −$20.1M. Non-cash charges added back $2.2M of depreciation and amortization and $331K of share-based compensation. Working capital and other items added $33.2M.

Questions

What was Vivakor's revenue in the fourth quarter 2025?

Vivakor (VIVK) reported revenue of $21.0M for the fourth quarter 2025 (Q4 2025), -50% from a year earlier and +24% from the quarter before.

Was Vivakor profitable in the fourth quarter 2025?

Operating loss was $41.6M (-198.0% of revenue) and net loss $55.9M.

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Source: Vivakor 10-K on SEC EDGAR.