Vivakor, Inc.

Listed Company

VIVKCIK 0001450704NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthRefuse SystemsNevadaFY ends Dec 31

Period

FY 2025

Revenue

$104.42M

Net Income

$-110.24M

Total Assets

$113.49M

Equity

$41.31M

Shares Out

2.07M

Op. Cash Flow

$-15.78M

Business

Vivakor, Inc. provides integrated midstream services focused on transportation logistics and terminaling and storage related to oil and gas production. It offers trucking of crude and produced water, pipeline gathering and terminaling via the Omega pipeline, blending, storage, remediation processing centers and commodities marketing. Its key business segments include transportation logistics, terminaling and storage facilities, remediation processing (RPCs) and a commodities marketing division. Vivakor operates primarily in U.S. oil basins including the Permian, Eagle Ford and STACK, serving pipeline hubs and partners and pursuing international remediation opportunities.

Summary from filing dated 2025-04-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	104	90	59	28	1
Cost of revenues	67	80	54	25	1
Gross profit	38	10	5	3	37,752
Sales and marketing	8,220	15,268	3,070	392,914	849,107
General and administrative	43	12	7	10	5
Impairment expense	41	9	—	11	—
Amortization and depreciation	18	11	4	—	—
Total operating expenses	102	32	11	26	7
Gain (loss) from operations	−64	−22	−6	−23	−7
Unrealized gain (loss) on marketable securities	−413,188	165,275	−1	−578,464	−1
Gain (loss) on disposition of assets	−1	57,200	—	2,456	87,044
Gain on deconsolidation of subsidiary	—	177,550	—	—	—
Loss on conversion of debt	−17	—	—	—	—
Interest income	73,474	60,364	14,953	23,725	3,312
Interest expense	−27	−5	−966,137	−362,312	−501,598
Interest expense - related parties	−444,333	−121,458	−3	−1	—
Other income (loss)	−216,151	127,540	—	—	—
Total other income (expense)	−46	−4	−4	−2	−1
Loss before provision for income taxes	−110	−26	−11	−25	−8
Provision for income taxes	−117,004	−126,869	−92,703	4	1
Consolidated net loss	−110	−26	−11	−20	−7
Less: Net loss attributable to noncontrolling interests	−5,095	−4	−96,650	−809,199	−2
Net loss attributable to Vivakor, Inc.	−110	−22	−11	−19	−5
Series A Preferred Stockholder Dividends	5	853,200	—	—	—
Net loss to common shareholders	−115	−23	−11	−19	−6
Basic net loss per share	−318.01	−151.32	−0.56	—	−0.46
Diluted net loss per share	−318.01	−151.32	−0.56	—	—
Basic weighted average common shares outstanding	362,628	152,285	19	—	12
Diluted weighted average common shares outstanding	362,628	152,285	19	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-10-31
Cash and cash equivalents	265,019	651,022	744,307	3	—
Cash - restricted	2	3	—	81,607	—
Accounts receivable, net of allowance for credit losses of $0 at December 31, 2025 and December 31, 2024, respectively	4	2	2	3	—
Accounts receivable - related party	1	5	174,083	948,352	—
Prepaid expenses	832,766	1	74,876	31,523	—
Marketable securities	247,913	661,101	495,826	2	—
Inventories	82,425	205,529	44,632	47,180	—
Total current assets	8	12	5	9	—
Other assets	491,221	4	4,000	4,000	—
Notes receivable	279,560	242,714	213,168	—	—
Property and equipment, net	58	100	24	23	—
Right of use assets - operating leases	494,755	5	2	2	—
Intellectual property, net	8	8	9	28	—
Customer relationships, net	38	43	14	—	—
Goodwill	—	69	15	13	—
Total assets	113	241	71	76	—
Accounts payable and accrued expenses	14	34	7	3	—
Accounts payable and accrued expenses - related parties	2	831,984	2	4	—
Accrued compensation	41	1	2	1	1
Unearned revenue	9	9	9	—	—
Operating lease liabilities, current	272,469	3	435,906	471,991	—
Finance lease liabilities, current	9	4	963,900	963,900	—
Loans and notes payable, current	7	39	2	542,374	—
Loans and notes payable, current - related parties	4	22	16	342,830	—
Derivative liabilities	9	—	—	—	—
Other liabilities	7	—	—	—	—
Total current liabilities	62	114	40	13	—
Operating lease liabilities, long term	222,285	2	1	1	—
Finance lease liabilities, long term	—	5	2	2	—
Loans and notes payable, long term	8	5	856,034	406,246	—
Loans and notes payable, long term - related parties	7	—	6	28	—
Deferred tax liability	0	154,381	88,323	—	—
Total liabilities	76	126	54	49	—
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 96,731 and 107,789 outstanding as of December 31, 2025 and December 31, 2024	97	108	—	0	—
Common stock, $0.001 par value; 500,000,000 shares authorized; 2,013,106 and 208,546 were issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	402,625	41,709	26,221	18,065	—
Additional paid-in capital	245	208	83	74	—
Treasury stock, at cost	−20,000	−20,000	−20,000	−20,000	—
Accumulated deficit	−204	−89	−66	−55	—
Total Vivakor, Inc. stockholders equity (deficit)	41	119	17	19	—
Noncontrolling interest	−4	−4	41,821	8	—
Total stockholders equity (deficit)	37	115	17	27	—
Total liabilities and stockholders equity (deficit)	113	241	71	76	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Consolidated net loss	−110	−26	−11	—	—
Amortization and depreciation	18	11	4	—	—
Stock-based compensation	2	3	2	3	446,112
Stock-based compensation - consultant	2	19,998	—	—	—
Gain (loss) on disposition of assets	1	—	—	—	—
Gain on forgiveness of debt	−2	—	—	—	—
Gain on deconsolidation of subsidiary	—	−177,550	—	—	—
Noncash interest charges	17	5	—	—	—
Deferred tax liability	117,004	66,058	88,323	−4	−1
Adjustments from operating leases	−243,804	39,440	—	—	—
Interest on notes receivable	−36,846	−25,546	—	—	0
Accounts receivable	−23	−5	930,893	3	6,890
Prepaid expenses	351,852	970,237	−43,353	59,900	—
Inventories	101,557	−114,352	2,548	162,148	—
Other assets	24,951	−2	−417,890	−80,220	13,807
Accounts payable and accrued expenses	13	7	−366,592	−3	38,128
Operating lease liabilities	7	0	331,905	1	−218,513
Net cash provided by (used in) operating activities	−16	2	−764,902	−4	−3
Return of cash for divestiture	−746,059	—	—	—	—
Acquisition of assets	—	5	—	96,467	—
Proceeds from sale of property and equipment	2	—	—	—	—
Purchase of equipment	−25,515	−5	−3	—	—
Net cash provided by (used in) investing activities	2	302,188	−4	−2	−5
Payment on financing lease liabilities	−3	−2	−446,782	—	—
Proceeds from loans and notes payable	18	6	3	4	9
Proceeds from loans and notes payable - related party	3	2	11,500	—	—
Payment of notes payable	−13	−3	—	−853,230	−562,046
Payment of notes payable - related party	−3	−3	−470,160	—	—
Proceeds from sale of common stock	10	1	—	6	—
Net cash provided by (used in) financing activities	13	819,670	2	8	9
Net increase (decrease) in cash and cash equivalents	−2	3	−2	2	1
Interest	1	1	3	1	390,843
Return of preferred stock as consideration for divestiture, net	1	—	—	—	—
Common stock and Series A preferred stock issued for acquisition	—	116	—	—	—
Accounts payable on purchase of equipment	—	3	2	259,846	700,000
Notes payable settled against working capital items for netting arrangement	19	—	7	—	—
Security deposits and reserves applied to finance lease liabilities	3	—	—	—	—
Series A preferred shareholder stock dividends	5	853,200	—	—	—
Common stock issued with debt	1	944,290	—	—	—
Common stock issued for a reduction in liabilities	719,642	859,290	—	—	—
Common stock issued for legal settlement	2	—	—	—	—
Common stock issued for services	—	735,650	—	—	—
Common stock issued on conversion of debt	17	2	—	—	—

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