Filing Flows › Viper Energy (VNOM) › Q4 2025
Viper Energy (VNOM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Viper Energy (VNOM) reported revenue of $435M for the fourth quarter 2025 (Q4 2025), +90% from a year earlier and +4% from the quarter before. Operating margin was -58.4%, net loss $246M (56.6% of revenue).
Viper Energy, Q4 2025: revenue $435M (+90% year over year), operating margin -58.4%, net loss $246M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $435M | +4% | +90% |
| Operating profit | −$254M | — | — |
| Net earnings | −$246M | — | — |
| Operating cash flow | $399M | +42% | +153% |
What changed
Revenue was $435.0M in Q4 2025, up 90% year over year and up 4% from the previous quarter. Oil income was the largest line at 82% of revenue.
Operating costs exceeded revenue by $254.0M, an operating margin of -58.4%. Total costs grew 711% against revenue growth of 90%. The quarter ended with a net loss of $246.0M, wider than the previous quarter's $197.0M loss. Minority interests bore $143.0M of it: to shareholders the quarter was a loss of $103.0M.
Operating cash flow was $399.0M (up 153% year over year). Working capital and other items added $645.0M.
Questions
What was Viper Energy's revenue in the fourth quarter 2025?
Viper Energy (VNOM) reported revenue of $435M for the fourth quarter 2025 (Q4 2025), +90% from a year earlier and +4% from the quarter before.
Was Viper Energy profitable in the fourth quarter 2025?
Operating loss was $254M (-58.4% of revenue) and net loss $246M.
Source: Viper Energy 10-K on SEC EDGAR.