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
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	Nov '20 Nov 30, 2020
Revenue	248.17	220.5	212.28	257.8	181.51	97.23
Revenue Growth (YoY)	6.73%	3.87%	-17.66%	42.03%	86.68%	-37.56%
Cost of Revenue	63.86	47.6	39.51	31.13	27.26	50.9
Gross Profit	184.31	172.9	172.77	226.67	154.25	46.33
Selling, General & Admin	28.47	21.01	23.93	19.83	11.4	9.2
Other Operating Expenses	-12.69	2.35	-12.48	30.83	131.78	-29.63
Operating Expenses	147.48	131.78	125.43	103.63	239.72	37.33
Operating Income	36.83	41.12	47.34	123.04	-85.48	9
Interest Expense	-10.3	-9.98	-5.28	-4.15	-2.84	-4.68
Other Non Operating Income (Expenses)	0.18	0.09	0.14	0.02	0.01	0.02
EBT Excluding Unusual Items	26.71	31.23	42.2	118.9	-88.31	4.34
Merger & Restructuring Charges	-5	-2.5	-	-	-	-
Asset Writedown	-	-	-	-	-	-13.2
Pretax Income	28.81	28.73	42.2	118.9	-88.31	-8.86
Income Tax Expense	7.92	7.67	61.95	-	-	-
Net Income	20.89	21.06	-19.74	118.9	-88.31	-8.86
Preferred Dividends & Other Adjustments	-	-	1.83	118.9	-88.31	-
Net Income to Common	20.89	21.06	-21.58	-	-	-8.86
Shares Outstanding (Basic)	35	30	30	439	439	439
Shares Outstanding (Diluted)	38	33	30	439	439	439
Shares Change (YoY)	17.39%	11.34%	-93.26%	-	-	-
EPS (Basic)	0.59	0.70	-0.73	-	-	-0.02
EPS (Diluted)	0.56	0.64	-0.73	-	-0.24	-0.02
Free Cash Flow	41.48	39.68	21.28	62.46	102.77	5.48
Free Cash Flow Per Share	1.10	1.21	0.72	0.14	0.23	0.01
Dividend Per Share	2.212	2.075	2.000	0.500	-	-
Dividend Growth	7.93%	3.75%	300.00%	-	-	-
Gross Margin	74.27%	78.41%	81.39%	87.92%	84.98%	47.65%
Operating Margin	14.84%	18.65%	22.30%	47.73%	-47.09%	9.26%
Profit Margin	8.42%	9.55%	-10.16%	-	-	-9.11%
Free Cash Flow Margin	16.71%	18.00%	10.02%	24.23%	56.62%	5.63%
EBITDA	158.72	141.43	129.08	186.77	-20.47	67.31
EBITDA Margin	63.95%	64.14%	60.81%	72.45%	-11.28%	69.23%
D&A For EBITDA	121.89	100.31	81.75	63.73	65	58.31
EBIT	36.83	41.12	47.34	123.04	-85.48	9
EBIT Margin	14.84%	18.65%	22.30%	47.73%	-47.09%	9.26%
Effective Tax Rate	27.50%	26.70%	146.78%	-	-	-
Revenue as Reported	271.3	242	233.91	281.89	197.59	97.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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