ARKO Corp.

Listed Company

ARKOCIK 0001823794NasdaqAcceleratedRetail-Convenience StoresDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$22.74M

Total Assets

$3.53B

Equity

$267.24M

Shares Out

110.89M

Op. Cash Flow

$192.59M

Business

ARKO Corp. is a leading independent operator of convenience stores and a major U.S. convenience store chain by store count. It offers fuel retailing and distribution, in-store merchandise and foodservice, loyalty and promotional programs, car washes, and fleet fueling card services. The company operates through distinct retail, wholesale, fleet fueling and GPMP wholesale distribution segments. ARKO distributes products and fuel across a Family of Community Brands and serves customers via company-operated stores, dealer-supplied sites, cardlock locations and a proprietary nationwide fuel card network in the District of Columbia and more than 30 U.S. states.

Summary from filing dated 2025-02-26

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	7,643	8,732	9,413	9,143	7,417
Fuel costs	5,480	6,272	6,876	6,857	5,276
Merchandise costs	983	1,188	1,253	1,146	1,143
Site operating expenses	785	875	860	721	—
General and administrative expenses	166	163	165	140	125
Depreciation and amortization	134	132	128	102	97
Total operating expenses	7,548	8,630	9,282	8,966	7,272
Other (income) expenses, net	−7	8	13	10	4
Operating income	102	94	118	167	142
Interest and other financial income	20	31	20	3	3
Interest and other financial expenses	−93	−98	−92	−63	−74
Income before income taxes	29	27	47	108	71
Income tax expense	−6	−6	−12	−36	−12
Gain (loss) from equity investment	108,000	124,000	−39,000	−74,000	186,000
Net income	23	21	35	72	59
Less: Net income attributable to non-controlling interests	0	0	197,000	231,000	229,000
Net income attributable to ARKO Corp.	23	21	34	72	59
Series A redeemable preferred stock dividends	−6	−6	−6	−6	−6
Net income attributable to common shareholders	17	15	29	66	53
Net income per share attributable to common shareholders - basic	0.15	0.13	0.24	0.54	0.43
Net income per share attributable to common shareholders - diluted	0.15	0.13	0.24	0.53	0.42
Basic	113	116	119	121	124
Diluted	115	117	120	123	125
Includes excise tax of:	1,098	1,161	1,174	1,015	—

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 2021 2021-12-31
Cash and cash equivalents	305	262	218	299	252
Restricted cash	19	31	23	18	20
Short-term investments	6	5	4	2	59
Trade receivables, net	87	96	135	118	62
Inventory	191	231	251	222	198
Other current assets	110	97	118	88	92
Total current assets	718	722	749	747	684
Property and equipment, net	740	748	743	646	549
Right-of-use assets under operating leases	1,340	1,386	1,385	1,203	1,065
Right-of-use assets under financing leases, net	145	158	163	182	192
Goodwill	300	300	292	217	198
Intangible assets, net	160	182	215	197	186
Equity investment	3	3	3	3	3
Deferred tax asset	63	68	52	23	41
Other non-current assets	67	54	49	37	25
Total assets	3,535	3,621	3,650	3,255	2,942
Long-term debt, current portion	37	13	17	12	40
Accounts payable	157	190	214	217	173
Other current liabilities	148	159	180	154	137
Operating leases, current portion	78	72	67	58	51
Financing leases, current portion	13	12	9	5	6
Total current liabilities	433	445	486	446	408
Long-term debt, net	875	868	829	740	677
Asset retirement obligation	89	87	85	65	58
Operating leases	1,374	1,408	1,395	1,218	1,077
Financing leases	200	211	213	226	229
Other non-current liabilities	196	224	267	179	137
Total liabilities	3,168	3,244	3,274	2,874	2,589
Commitments and contingencies - see Note 14	—	—	—	—	—
Series A redeemable preferred stock (no par value) - authorized: 1,000,000 shares; issued and outstanding: 1,000,000 and 1,000,000 shares, respectively; redemption value: $100,000 and $100,000, in the aggregate, respectively	100	100	100	100	100
Common stock (par value $0.0001) - authorized: 400,000,000 shares; issued: 131,853,614 and 130,153,836 shares, respectively; outstanding: 110,860,618 and 115,771,318 shares, respectively	11,000	12,000	12,000	12,000	12,000
Treasury stock, at cost - 20,992,996 and 14,382,518 shares, respectively	−134	−106	−74	−40	0
Additional paid-in capital	292	277	245	230	218
Accumulated other comprehensive income	9	9	9	9	9
Retained earnings	101	97	96	82	27
Total shareholders' equity	267	277	276	281	253
Total liabilities, redeemable preferred stock and shareholders' equity	3,535	3,621	3,650	3,255	2,942

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
Deferred income taxes	5	−13	−5	22	5
Loss on disposal of assets and impairment charges	9	7	6	6	1
Gain from sale-leaseback	−21	0	0	—	—
Foreign currency (gain) loss	−86,000	35,000	29,000	227,000	−1
Gain from issuance of shares as payment of deferred consideration related to business acquisition (see Note 4)	0	−3	0	0	—
Gain from settlement related to business acquisition (see Note 4)	0	−6	0	0	—
Amortization of deferred financing costs and debt discount	3	3	3	3	9
Amortization of deferred income	−22	−14	−8	−10	−10
Accretion of asset retirement obligation	3	3	2	2	2
Non-cash rent	12	14	14	8	6
Charges to allowance for credit losses	755,000	845,000	1	659,000	601,000
Share-based compensation	15	12	15	12	6
Fair value adjustment of financial assets and liabilities	−10	−11	−11	−3	4
Other operating activities, net	−981,000	125,000	3	775,000	677,000
Decrease (increase) in trade receivables	8	38	−18	−50	−16
Decrease (Increase) in inventory	41	23	−2	−7	−22
(Increase) decrease in other assets	−15	14	−29	1	−5
Decrease in accounts payable	−34	−24	−6	32	17
Increase (decrease) in other current liabilities	8	−3	990,000	7	8
Decrease in asset retirement obligation	−604,000	−917,000	−23,000	−95,000	−130,000
Increase in non-current liabilities	34	30	8	12	−1
Net cash provided by operating activities	193	222	136	209	159
Purchase of property and equipment	−127	−114	−111	−99	−226
Purchase of intangible assets	−83,000	0	−45,000	−176,000	−246,000
Proceeds from sale of property and equipment	7	54	310	288	285
Business and asset acquisitions, net of cash	−242,000	−55	−495	−420	—
Prepayment for acquisitions	0	0	−1	−4	0
Loans to equity investment, net	621,000	56,000	18,000	174,000	0
Net cash used in investing activities	−120	−115	−297	−175	−172
Receipt of long-term debt, net	39	48	100	71	484
Repayment of debt	−24	−26	−22	−46	−532
Principal payments on financing leases	−6	−5	−5	−7	−8
Early settlement of deferred consideration related to business acquisition (see Note 4)	0	−17	0	0	—
Proceeds from sale-leaseback	0	0	80	55	44
Payment of Additional Consideration	−3	−3	−4	−6	−4
Payment of Ares Put Option	0	0	−10	0	0
Common stock repurchased	−28	−32	−34	−40	0
Dividends paid on common stock	−14	−14	−14	−11	0
Dividends paid on redeemable preferred stock	−6	−6	−6	−6	−6
Net cash (used in) provided by financing activities	−42	−56	85	11	−26
Net increase (decrease) in cash and cash equivalents and restricted cash	31	51	−75	44	−39
Effect of exchange rate on cash and cash equivalents and restricted cash	27,000	−9,000	23,000	−97,000	−1
Cash received for interest	11	9	8	2	428,000
Cash paid for interest	87	92	82	58	51
Cash paid for taxes, net of refunds	5	10	29	7	15
Prepaid insurance premiums financed through notes payable	9	8	11	7	8
Purchases of equipment in accounts payable and accrued expenses	13	10	15	9	8
Purchase of property and equipment under leases	58	56	8	22	24
Disposals of leases of property and equipment	13	14	23	20	4
Extinguishment of financial liability in a sale-leaseback transaction	42	0	0	—	—
Issuance of shares as payment of deferred consideration related to business acquisition	0	22	0	0	—
Deferred consideration related to business acquisitions	0	0	47	0	0

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