Vitesse Energy 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	2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Nov '20 Nov 30, 2020	2019
Revenue	225.5	220.5	212.28	257.8	181.51	97.23	Upgrade
Revenue Growth (YoY)	4.90%	3.87%	-17.66%	42.03%	86.68%	-37.56%	Upgrade
Cost of Revenue	49.66	47.6	39.51	31.13	27.26	50.9	Upgrade
Gross Profit	175.84	172.9	172.77	226.67	154.25	46.33	Upgrade
Selling, General & Admin	23.17	21.01	23.93	19.83	11.4	9.2	Upgrade
Other Operating Expenses	-11.3	2.35	-12.48	30.83	131.78	-29.63	Upgrade
Operating Expenses	124.16	131.78	125.43	103.63	239.72	37.33	Upgrade
Operating Income	51.68	41.12	47.34	123.04	-85.48	9	Upgrade
Interest Expense	-10.68	-9.98	-5.28	-4.15	-2.84	-4.68	Upgrade
Other Non Operating Income (Expenses)	0.22	0.09	0.14	0.02	0.01	0.02	Upgrade
EBT Excluding Unusual Items	41.22	31.23	42.2	118.9	-88.31	4.34	Upgrade
Merger & Restructuring Charges	-7.1	-2.5	-	-	-	-	Upgrade
Asset Writedown	-	-	-	-	-	-13.2	Upgrade
Pretax Income	34.12	28.73	42.2	118.9	-88.31	-8.86	Upgrade
Income Tax Expense	8.2	7.67	61.95	-	-	-	Upgrade
Net Income	25.91	21.06	-19.74	118.9	-88.31	-8.86	Upgrade
Preferred Dividends & Other Adjustments	-	-	1.83	118.9	-88.31	-	Upgrade
Net Income to Common	25.91	21.06	-21.58	-	-	-8.86	Upgrade
Shares Outstanding (Basic)	31	30	30	439	439	439	Upgrade
Shares Outstanding (Diluted)	34	33	30	439	439	439	Upgrade
Shares Change (YoY)	15.43%	11.34%	-93.26%	-	-	-	Upgrade
EPS (Basic)	0.84	0.70	-0.73	-	-	-0.02	Upgrade
EPS (Diluted)	0.76	0.64	-0.73	-	-0.24	-0.02	Upgrade
Free Cash Flow	19.59	39.68	21.28	62.46	102.77	5.48	Upgrade
Free Cash Flow Per Share	0.57	1.21	0.72	0.14	0.23	0.01	Upgrade
Dividend Per Share	2.138	2.075	2.000	0.500	-	-	Upgrade
Dividend Growth	6.88%	3.75%	300.00%	-	-	-	Upgrade
Gross Margin	77.98%	78.41%	81.39%	87.92%	84.98%	47.65%	Upgrade
Operating Margin	22.92%	18.65%	22.30%	47.73%	-47.09%	9.26%	Upgrade
Profit Margin	11.49%	9.55%	-10.16%	-	-	-9.11%	Upgrade
Free Cash Flow Margin	8.69%	18.00%	10.02%	24.23%	56.62%	5.63%	Upgrade
EBITDA	155	141.43	129.08	186.77	-20.47	67.31	Upgrade
EBITDA Margin	68.74%	64.14%	60.81%	72.45%	-11.28%	69.23%	Upgrade
D&A For EBITDA	103.33	100.31	81.75	63.73	65	58.31	Upgrade
EBIT	51.68	41.12	47.34	123.04	-85.48	9	Upgrade
EBIT Margin	22.92%	18.65%	22.30%	47.73%	-47.09%	9.26%	Upgrade
Effective Tax Rate	24.04%	26.70%	146.78%	-	-	-	Upgrade
Revenue as Reported	246.98	242	233.91	281.89	197.59	97.23	Upgrade

Updated May 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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