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VIVK

Vivakor, Inc.

VIVK

Vivakor, Inc. • NASDAQ
$0.12 ▼ -5.79% (-0.01)
Market Cap $5.97 M
52w High $1.56
52w Low $0.11
Dividend Yield 0%
P/E -0.06
Volume 13.88M
Outstanding Shares 48.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $16.981M ▼ $10.718M ▲ $-34.288M ▼ -201.918% ▼ $-2.09 ▼ $-16.424M ▼
Q2-2025 $29.099M ▼ $4.485M ▼ $-12.536M ▼ -43.081% ▼ $-0.3 ▼ $-1.229M ▼
Q1-2025 $37.34M ▼ $5.369M ▲ $-7.527M ▲ -20.159% ▲ $-0.21 ▲ $-518.013K ▲
Q4-2024 $41.692M ▲ $4.95M ▲ $-15.306M ▼ -36.713% ▼ $-0.531 ▼ $-7.725M ▼
Q3-2024 $15.916M $2.62M $-1.688M -10.606% $-0.055 $-34.01K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $568.214K ▼ $160.131M ▼ $96.093M ▼ $68.164M ▼
Q2-2025 $930.237K ▼ $244.539M ▼ $146.496M ▲ $102.169M ▼
Q1-2025 $3.079M ▲ $248.207M ▲ $139.44M ▲ $112.893M ▼
Q4-2024 $1.312M ▼ $241.041M ▲ $125.922M ▲ $119.238M ▲
Q3-2024 $1.927M $72.544M $55.804M $16.798M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-34.288M ▼ $11.292M ▲ $-162.559K ▼ $-13.603M ▼ $-2.473M ▼ $11.292M ▲
Q2-2025 $-12.536M ▼ $-6.98M ▼ $378K ▼ $5.479M ▲ $-1.124M ▼ $-6.98M ▼
Q1-2025 $-7.534M ▲ $0 ▼ $1.482M ▼ $-370.174K ▲ $1.112M ▼ $0 ▲
Q4-2024 $-19.367M ▼ $1.645M ▲ $2.665M ▲ $-1.321M ▼ $2.99M ▲ $-531.516K ▼
Q3-2024 $-1.789M $990.673K $-186.1K $-212.371K $592.202K $804.573K

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Revenues
Revenues
 $0 ▲$0 ▲$10.00M ▲
Revenues Related Party
Revenues Related Party
 $0 ▲$0 ▲$0 ▲
Transportation logistics
Transportation logistics
 $10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Vivakor’s income statement looks like that of an early-stage, niche technology company that has not yet scaled. Revenue has only recently started to show up and remains very small, though it has been inching higher each year. The company is still losing money at the operating and net income level, with recurring annual losses and negative earnings per share. There is a modest gross profit, but not enough volume to cover overhead. The trend suggests gradual improvement from a very low base, but the business is still far from self-sustaining on its current revenue scale.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown its asset base and shareholder equity in recent years, but from a very small starting point. Debt has increased as well, implying some reliance on borrowing to fund operations and growth. Reported cash balances are effectively negligible, which raises questions about liquidity and how the company is financing day-to-day needs. Overall, Vivakor appears thinly capitalized, with limited financial cushion, so access to external capital and careful balance sheet management are likely very important.

Cash Flow

Cash Flow Cash flow data suggests that Vivakor is not yet generating meaningful cash from its operations. Operating cash flow is essentially flat, and free cash flow has been slightly negative in some years, which fits with a business still in build-out mode. Capital spending appears minimal in the reported figures, which may reflect either the small scale of operations or project-based spending that does not yet show up as large recurring investments. The main takeaway is that the business currently depends more on outside funding than on internally generated cash, and the path to consistent positive cash flow is not yet visible in the historical data.

Competitive Edge

Competitive Edge Vivakor’s competitive position is built around a very focused niche: cleaning up hydrocarbon-contaminated soils and oil sands while turning the waste into usable products. Its Remediation Processing Centers and solvent-based process aim to recover both hydrocarbons and clean soil, giving it a “two-product” offering that traditional remediation or disposal methods often lack. Patents, a water-free process, and an environmental angle help differentiate it, especially in markets under pressure to reduce pollution and waste. However, Vivakor is tiny compared with large environmental and oilfield service firms, so its competitive strength will depend on winning and executing specific projects rather than dominating broad markets.

Innovation and R&D

Innovation and R&D Innovation is the core of Vivakor’s story. The company’s patented Remediation Processing Centers use a closed-loop, solvent-based system designed to avoid water use and harmful emissions, while recovering valuable hydrocarbons and reusable soil. Beyond this, Vivakor is pursuing performance-grade asphalt products from recovered bitumen, exploring “smart road” concepts with embedded sensors, and mentioning nano-based technologies to enhance remediation. This points to an R&D and engineering culture trying to open multiple revenue streams from the same core know-how. The key uncertainty is less about ideas and more about funding, scaling, and proving these innovations in consistent, profitable commercial use.

Summary

Vivakor combines a small, still-unprofitable financial profile with a technology-heavy, innovation-driven strategy focused on environmental remediation and value recovery from waste. The income statement shows thin revenues and ongoing losses, while the balance sheet and cash flow data highlight limited scale, modest leverage, and a dependence on external funding rather than internal cash generation. On the strategic side, the company’s patented processes, environmental positioning, and partnerships suggest genuine differentiation and optionality across remediation, asphalt products, and smart infrastructure concepts. Overall, Vivakor looks like a high-risk, early-stage platform: the upside case rests on its ability to secure sizable projects, scale its technology, and convert innovation into durable cash flow before financial constraints become a binding limitation.

NEWS

November 28, 2025 · 9:00 AM UTC

Vivakor Announces Special Shareholder Meeting to be Held on December 22, 2025

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November 20, 2025 · 8:30 AM UTC

Vivakor Announces 7% Revenue Growth to $17.0 Million and $60 Million in Debt Reduction for Q3 2025; Raises $11.2 Million in Equity Subsequent to Quarter End

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November 12, 2025 · 8:30 AM UTC

Vivakor to Participate in The Noble Capital Markets' 21st Annual Emerging Growth Equity Conference

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November 10, 2025 · 8:00 AM UTC

Vivakor's Trading Platform Initiates First $23 Million LPG Commodity Trade Under its $40 Million Credit Facility

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October 31, 2025 · 3:17 PM UTC

Vivakor Resets Payment Date of Special Dividend to December 31, 2025

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