Filing Flows › Vitesse Energy (VTS) › Q3 2025
Vitesse Energy (VTS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Vitesse Energy (VTS) reported revenue of $67.4M for the third quarter 2025 (Q3 2025), +16% from a year earlier and -18% from the quarter before. Operating margin was 0.2%, net loss $1.3M (1.9% of revenue).
Vitesse Energy, Q3 2025: revenue $67.4M (+16% year over year), operating margin 0.2%, net loss $1.3M, operating cash flow $49.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.4M | -18% | +16% |
| Operating profit | $108K | -99% | — |
| Net earnings | −$1.3M | -105% | — |
| Operating cash flow | $49.4M | -25% | +8% |
| Free cash flow | $23.4M | -23% | -20% |
What changed
Revenue was $67.4M in Q3 2025, up 16% year over year and down 18% from the previous quarter. Oil was the largest line at 96% of revenue. Oil added $8.2M year over year (up 15%), 90% of the total change.
Operating profit was $108K, a 0.2% margin (down 15.2 points year over year). Operating profit fell $8.9M even though revenue rose $9.2M versus a year earlier, so costs grew faster than sales. Total costs grew 37% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+40%). The quarter ended with a net loss of $1.3M, after a profit of $24.7M the previous quarter. Net interest and other expense of $1.7M was the main reason.
Operating cash flow was $49.4M (up 8% year over year). Non-cash charges added back $2.7M of share-based compensation. Working capital and other items added $48.0M. Capital expenditures of $26.0M left free cash flow of $23.4M.
Questions
What was Vitesse Energy's revenue in the third quarter 2025?
Vitesse Energy (VTS) reported revenue of $67.4M for the third quarter 2025 (Q3 2025), +16% from a year earlier and -18% from the quarter before.
Was Vitesse Energy profitable in the third quarter 2025?
Operating profit was $108K (0.2% of revenue) and net loss $1.3M.
Source: Vitesse Energy 10-Q on SEC EDGAR.