BKV Corporation Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,363	1,009	580.98	980.23	1,031	505.68
Revenue Growth (YoY)	125.21%	73.64%	-40.73%	-4.88%	103.79%	252.91%
Cost of Revenue	104.16	-	-	-	-	-
Gross Profit	1,259	1,009	580.98	980.23	1,031	505.68
Selling, General & Admin	141.23	124.36	104.47	114.69	148.56	85.74
Depreciation & Amortization Expenses	170.44	157.46	217.53	223.37	118.91	92.28
Other Operating Expenses	549.68	509.38	413.78	484.55	458.49	307.34
Total Operating Expenses	861.34	791.2	735.78	822.61	725.96	485.36
Operating Income	397.34	217.61	-154.8	157.62	304.56	20.32
Interest Income	27.41	16.47	14.28	20	9.64	0.92
Interest Expense	-50.69	-28.65	-50.76	-77.02	-37.17	-2.13
Other Non-Operating Income (Expense)	7.39	4.84	4.81	44.54	195.76	-194.1
Total Non-Operating Income (Expense)	-15.9	-7.34	-31.67	-12.48	168.23	-195.31
Pretax Income	381.44	210.28	-186.48	145.14	472.79	-174.99
Provision for Income Taxes	76.09	35.43	-43.61	28.23	62.65	-40.53
Net Income	295.87	173.13	-142.87	116.92	410.14	-170.71
Minority Interest in Earnings	9.48	1.71	-	-	-	-
Net Income Attributable to Preferred Dividends	-	-	-	-	-	36.25
Net Income to Common	295.87	173.13	-142.87	116.92	410.14	-170.71
Net Income Growth	-	-	-	-71.49%	-	-
Shares Outstanding (Basic)	91	87	71	61	59	58
Shares Outstanding (Diluted)	91	87	71	64	62	58
Shares Change (YoY)	19.18%	21.79%	10.73%	3.85%	5.97%	11.13%
EPS (Basic)	3.31	1.98	-2.00	1.93	6.99	-2.92
EPS (Diluted)	3.30	1.98	-2.00	1.82	6.62	-2.92
EPS Growth	-	-	-	-72.51%	-	-
Shares Outstanding	109.39	96.66	84.39	66.28	58.66	58.55
Free Cash Flow	-105.05	-57.46	17.62	-64.64	101.1	289.42
Free Cash Flow Growth	-	-	-	-	-65.07%	-
Free Cash Flow Per Share	-1.15	-0.66	0.25	-1.00	1.63	4.95
Gross Margin	92.36%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	29.16%	21.57%	-26.64%	16.08%	29.55%	4.02%
Profit Margin	22.41%	17.33%	-24.59%	11.93%	39.80%	-26.59%
FCF Margin	-7.71%	-5.70%	3.03%	-6.59%	9.81%	57.23%
EBITDA	571.36	376.57	63.09	382.05	434.6	119.16
EBITDA Margin	41.92%	37.33%	10.86%	38.98%	42.17%	23.56%
EBIT	397.34	217.61	-154.8	157.62	304.56	20.32
EBIT Margin	29.16%	21.57%	-26.64%	16.08%	29.55%	4.02%
Effective Tax Rate	19.95%	16.85%	23.38%	19.45%	13.25%	23.16%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q