BKV Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	793.32	580.8	731.03	1,657	889.28	122.5
Other Revenue	29.2	34.34	10.46	2.8	0.25	0.03
Revenue	822.53	615.13	741.49	1,660	889.53	122.53
Revenue Growth (YoY)	33.41%	-17.04%	-55.34%	86.64%	625.95%	-
Cost of Revenue	376.14	359.38	399.64	340.26	260.42	31.26
Gross Profit	446.39	255.75	341.85	1,320	629.11	91.27
Selling, General & Admin	117.44	104.47	114.69	130.26	85.74	29.44
Other Operating Expenses	103.64	88.55	-153.83	747.94	430.77	-15.6
Operating Expenses	385.67	410.55	184.23	997.1	608.79	101.18
Operating Income	60.72	-154.8	157.62	322.86	20.32	-9.91
Interest Expense	-22.12	-50.76	-77.02	-37.17	-2.13	-1.71
Interest & Investment Income	0.84	3.86	3.14	1.14	0.01	0.12
Earnings From Equity Investments	3.37	10.42	16.87	8.49	0.91	-
Other Non Operating Income (Expenses)	8.98	9.01	-0.54	1.41	0.87	-
EBT Excluding Unusual Items	51.79	-182.27	100.07	296.74	19.98	-11.5
Merger & Restructuring Charges	-	-	3.4	-18.3	-	-
Gain (Loss) on Sale of Assets	-	-	3.3	-	-	-
Legal Settlements	-	-	-	16.87	-	-
Other Unusual Items	-0.3	-4.2	38.38	177.49	-194.97	7.14
Pretax Income	51.5	-186.48	145.14	472.79	-174.99	-4.36
Income Tax Expense	5.17	-43.61	28.23	62.65	-40.53	38.98
Net Income	45.3	-142.87	116.92	410.14	-134.46	-43.35
Preferred Dividends & Other Adjustments	0.82	-	-	-	36.25	0.46
Net Income to Common	44.48	-142.87	116.92	410.14	-170.71	-43.81
Net Income Growth	-	-	-71.49%	-	-	-
Shares Outstanding (Basic)	85	71	61	59	58	53
Shares Outstanding (Diluted)	85	71	64	62	58	53
Shares Change (YoY)	26.98%	10.73%	3.85%	5.97%	11.13%	-
EPS (Basic)	0.53	-2.00	1.93	6.99	-2.92	-0.83
EPS (Diluted)	0.53	-2.00	1.82	6.62	-2.92	-0.84
EPS Growth	-	-	-72.51%	-	-	-
Free Cash Flow	-275.31	17.62	-69.53	101.1	289.42	-521.71
Free Cash Flow Per Share	-3.25	0.25	-1.08	1.63	4.95	-9.91
Gross Margin	54.27%	41.58%	46.10%	79.51%	70.72%	74.49%
Operating Margin	7.38%	-25.16%	21.26%	19.45%	2.28%	-8.09%
Profit Margin	5.41%	-23.23%	15.77%	24.70%	-19.19%	-35.75%
Free Cash Flow Margin	-33.47%	2.86%	-9.38%	6.09%	32.54%	-425.77%
EBITDA	225.68	63.09	382.05	452.9	119.16	80.28
EBITDA Margin	27.44%	10.26%	51.52%	27.28%	13.40%	65.52%
D&A For EBITDA	164.96	217.89	224.43	130.04	98.83	90.19
EBIT	60.72	-154.8	157.62	322.86	20.32	-9.91
EBIT Margin	7.38%	-25.16%	21.26%	19.45%	2.28%	-8.09%
Effective Tax Rate	10.04%	-	19.45%	13.25%	-	-
Revenue as Reported	798.5	580.98	980.23	1,031	505.68	143.29

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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