VNOM financial statements

The full income statement, balance sheet, and cash-flow statement for Viper Energy Inc. (VNOM), 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)

2024-06 176.9M2024-09 188.4M2024-12 102.8M2025-03 219.2M2025-06 288.5M2025-09 148.9M2025-12 168.5M2026-03 181.4M2026-06 193.7M+9.5% over 8 periods

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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Revenue	1.35B YoY+57.6%	854M YoY+3.1%	828M
Total operating expenses	1.53B YoY+422.1%	294M YoY+41.3%	208M
Operating income	-140M YoY-124.7%	567M YoY-8.5%	620M
Other non-operating income	-1.00M	0.00	0.00
Pre-tax income	-225M YoY-144.6%	504M YoY-7.9%	547M
Income tax	-19.0M YoY+81.0%	-100M YoY-317.4%	46.0M
	-68.0M YoY-111.3%	604M YoY+202.0%	200M
Net income to non-controlling interest	-138M YoY-156.3%	245M YoY-18.6%	301M
Net income to common	-69.0M YoY-119.2%	359M YoY+79.5%	200M
	-$0.48 YoY-112.6%	$3.82 YoY+42.0%	$2.69
EPS (basic)	-$0.48 YoY-112.6%	$3.82 YoY+42.0%	$2.69
	143M YoY+51.7%	93.9M YoY+26.6%	74.2M
	143M YoY+51.7%	93.9M YoY+26.6%	74.2M
Dividends per share	$2.30 YoY-1.3%	$2.33 YoY+219.6%	$0.73
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	413M YoY+73.5%	238M	—
Cash & equivalents	13.0M YoY-51.9%	27.0M YoY+3.8%	26.0M
Prepaid expenses	50.0M YoY+61.3%	31.0M	—
Other current assets	9.00M YoY+350.0%	2.00M	—
	12.7B YoY+150.0%	5.07B	—
Property, plant & equipment	12.2B YoY+163.2%	4.64B	—
Deferred tax assets	33.0M YoY-82.2%	185M	—
Other non-current assets	16.0M YoY+100.0%	8.00M	—
	111M YoY+126.5%	49.0M	—
Accounts payable	—	2.00M	—
Accrued liabilities	107M YoY+148.8%	43.0M	—
Short-term & current debt	—	0.00	—
Other current liabilities	4.00M YoY-33.3%	6.00M	—
	2.31B YoY+98.6%	1.16B	—
Long-term debt	2.19B YoY+101.8%	1.08B	—
Deferred tax liabilities	—	0.00	—
Other non-current liabilities	11.0M YoY-63.3%	30.0M	—
	4.45B YoY+163.7%	1.69B YoY-41.0%	2.86B
Additional paid-in capital	4.73B YoY+201.2%	1.57B	—
Retained earnings	-278M YoY-335.6%	118M	—
Non-controlling interest	5.92B YoY+166.4%	2.22B	—
Total equity incl. non-controlling	10.4B YoY+165.2%	3.91B YoY+36.8%	2.86B
Total liabilities & equity	12.7B YoY+150.0%	5.07B	—
	—	—	177M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	1.05B YoY+69.8%	620M YoY-2.8%	638M
Deferred income taxes	-83.0M YoY+44.3%	-149M YoY-2028.6%	-7.00M
Change in receivables	25.0M YoY+92.3%	13.0M YoY-51.9%	27.0M
Other operating activities	13.0M YoY+116.7%	6.00M YoY+100.0%	3.00M
	-2.42B YoY-298.7%	-608M YoY+33.0%	-908M
Acquisitions	0.00	0.00	0.00
	1.36B YoY+12436.4%	-11.0M YoY-104.0%	278M
Long-term debt issued	3.25B YoY+286.0%	842M YoY-13.5%	973M
Long-term debt repaid	0.00	0.00	0.00
Common stock issued	1.23B YoY+158.8%	476M	0.00
Common stock repurchased	0.00	0.00	0.00
Dividends paid	328M YoY+49.8%	219M YoY+69.8%	129M
Other financing activities	-23.0M YoY-475.0%	-4.00M YoY+69.2%	-13.0M
Net change in cash	-14.0M YoY-1500.0%	1.00M YoY-87.5%	8.00M
Interest paid	70.0M YoY-5.4%	74.0M YoY+85.0%	40.0M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Market cap	6.51B YoY+29.1%	5.04B	—
P/E	—	8.3×	—
P/S	4.8× YoY-18.1%	5.9×	—
P/B	1.5× YoY-51.0%	3.0×	—
	—	12.0%	—
	6.0% YoY+25.4%	4.8%	—
Source filing	10-K	10-K	10-K

About this data

Source: VNOM'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 VNOM filings on SEC EDGAR → Not investment advice.