BKV financial statements
The full income statement, balance sheet, and cash-flow statement for BKV Corporation (BKV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 1.14B+41.6% | 806M-20.2% | 1.01B-39.2% | 1.66B | |
| 1.23B+11.3% | 1.10B+3.8% | 1.06B+46.3% | 726M | ||
| Selling, general & administrative | 132M+19.6% | 110M-17.6% | 134M-10.1% | 149M | |
| General & administrative | 132M+19.6% | 110M-17.6% | 134M-10.1% | 149M | |
| Amortization of intangibles | 600K+0.0% | 600K+100.0% | 300K | — | |
| Operating income | 304M+572.8% | -64.2M-126.6% | 241M-20.8% | 305M | |
| Interest & investment income | 4.11M-44.1% | 7.35M+55.5% | 4.72M+313.3% | 1.14M | |
| Equity-method income | 14.9M+42.9% | 10.4M-38.2% | 16.9M+98.6% | 8.49M | |
| Pre-tax income | 225M+228.1% | -176M-208.4% | 162M-65.7% | 473M | |
| Income tax | 36.9M+186.8% | -42.4M-240.9% | 30.1M-51.9% | 62.7M | |
| 179M+229.2% | -139M-212.2% | 124M-69.9% | 410M | ||
| Net income to non-controlling interest | 9.16M+73.8% | 5.27M-37.7% | 8.47M | — | |
| Net income to common | 178M+228.2% | -139M-212.2% | 124M | — | |
| $2.05+205.7% | -$1.94-201.0% | $1.92-71.0% | $6.62 | ||
| EPS (basic) | $2.05+205.7% | -$1.94-195.6% | $2.03-71.0% | $6.99 | |
| Weighted-avg shares (basic) | 86.6M+21.5% | 71.3M+17.4% | 60.7M+3.5% | 58.7M | |
| Weighted-avg shares (diluted) | 86.8M+21.8% | 71.3M+10.7% | 64.4M+3.9% | 62.0M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 511M+117.6% | 235M-24.7% | 312M | — | ||
| Cash & equivalents | 248M+205.9% | 81.2M-22.7% | 105M-36.9% | 166M | |
| Inventory | 20.0M-0.5% | 20.1M+102.6% | 9.94M | — | |
| Prepaid expenses | 14.7M-6.2% | 15.7M+309.0% | 3.84M | — | |
| Other current assets | 8.15M+21.3% | 6.72M+2981.7% | 218K | — | |
| 3.94B+27.1% | 3.10B+15.5% | 2.68B | — | ||
| Goodwill | 18.4M+0.0% | 18.4M+0.0% | 18.4M | — | |
| Other non-current assets | 17.1M+28.6% | 13.3M-33.5% | 19.9M | — | |
| 565M+138.5% | 237M-42.6% | 412M | — | ||
| Accounts payable | 100M+33.6% | 75.2M+58.2% | 47.5M | — | |
| Accrued liabilities | 229M+41.2% | 163M+9.0% | 149M | — | |
| Deferred revenue | 36.3M+102.6% | 17.9M-17.7% | 21.8M | — | |
| Short-term & current debt | 200M+2034.7% | 9.39M | — | — | |
| Other current liabilities | 10.3M+215.7% | 3.26M+14.5% | 2.85M | — | |
| 1.87B+21.1% | 1.55B+28.3% | 1.21B | — | ||
| Long-term debt | 938M+10.3% | 850M+46.8% | 579M | — | |
| Deferred tax liabilities | 129M+38.9% | 92.8M-35.6% | 144M | — | |
| Other non-current liabilities | 5.22M-4.5% | 5.47M-53.1% | 11.7M | — | |
| 1.99B+32.3% | 1.50B+16.3% | 1.29B+24.5% | 1.04B | ||
| Common stock | 1.64M+8.1% | 1.51M+17.8% | 1.28M | — | |
| Additional paid-in capital | 1.68B+22.4% | 1.37B+32.9% | 1.03B | — | |
| Retained earnings | 309M+135.3% | 131M-49.5% | 260M | — | |
| Treasury stock | 6.66M+0.0% | 6.66M+45.4% | 4.58M | — | |
| Non-controlling interest | 68.0M+31.2% | 51.8M | — | — | |
| Total equity incl. non-controlling | 2.05B+32.3% | 1.55B+21.8% | 1.27B+25.5% | 1.01B | |
| Total liabilities & equity | 3.94B+27.1% | 3.10B+15.5% | 2.68B | — | |
| Common shares issued | 96.9M+14.5% | 84.6M+32.5% | 63.9M | — | |
| Common shares outstanding | 96.9M+14.5% | 84.6M+32.5% | 63.9M | — | |
| Shares outstanding (cover) | 102M+20.8% | 84.7M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 280M+142.9% | 115M-55.7% | 260M-25.5% | 349M | ||
| Depreciation & amortization | 197M-22.9% | 256M-0.1% | 256M+97.0% | 130M | |
| Intangible amortization | 600K+0.0% | 600K+100.0% | 300K | — | |
| Share-based compensation | 12.8M-21.3% | 16.3M-36.7% | 25.8M-19.4% | 31.9M | |
| Deferred income taxes | 37.9M+186.7% | -43.6M-227.3% | 34.3M-61.5% | 89.1M | |
| Change in receivables | 46.8M+261.4% | 13.0M+115.0% | -86.1M-318.6% | 39.4M | |
| -576M-1782.0% | 34.3M+105.2% | -663M+23.4% | -866M | ||
| Capital expenditure | 305M+189.6% | 105M-47.7% | 202M-18.8% | 248M | |
| Free cash flow | -24.7M-346.2% | 10.0M-82.9% | 58.8M-41.9% | 101M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 8.10M+1147.3% | 649K+109.3% | -7.01M-256.3% | -1.97M | |
| 463M+247.2% | -315M-163.2% | 498M-6.8% | 535M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 171M | 0.00-100.0% | 150M | 0.00 | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 600K | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 0.00+100.0% | -2.08M+74.5% | -8.15M-11120.3% | 74.0K | |
| Interest paid | 16.4M-72.8% | 60.5M-11.7% | 68.5M+113.4% | 32.1M | |
| Income taxes paid | 232K+3766.7% | 6.00K-99.6% | 1.54M+286.3% | 400K | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 2.78B+37.9% | 2.01B | — | — | |
| P/E | 15.5× | — | — | — | |
| P/S | 2.4×-2.6% | 2.5× | — | — | |
| P/B | 1.4×+4.2% | 1.3× | — | — | |
| P/FCF | — | 200.5× | — | — | |
| Earnings yield | 6.5% | — | — | — | |
| FCF yield | — | 0.50% | — | — | |
| Source filing | 10-K/A | 10-K | 10-K | 10-K |
About this data
Source: BKV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BKV filings on SEC EDGAR → Not investment advice.