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BKV (BKV Corporation) Stock Financials & Earnings | Market Cap Arena
BKV
BKV Corporation
Mkt Cap
$3B
Energy
·
Oil & Gas Exploration & Production
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$874M
Net Income (TTM)
$173M
EPS (TTM)
$1.95
Free Cash Flow (TTM)
-$72M
Gross Margin
54.2%
Op. Margin
8.2%
Net Margin
19.7%
FCF Margin
-8.3%
P/S Ratio (TTM)
3.5x
P/E Ratio (TTM)
17.9x
YoY Rev Growth
+44.6%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$219M
$182M
$125M
Q2 23
$151M
$109M
-$20M
Q3 23
$182M
$130M
-$5M
Q4 23
$188M
$95M
$56M
Q1 24
$155M
$103M
-$35M
Q2 24
$138M
$78M
-$43M
Q3 24
$138M
$80M
-$21M
Q4 24
$174M
$126M
-$56M
Q1 25
$226M
$186M
-$94M
Q2 25
$204M
$166M
$128M
Q3 25
$203M
$55M
$7M
Q4 25
$241M
$67M
$29M
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Revenue Breakdown
BKV
BKV Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.9x
4.4x
Q2 23
2.3x
8.0x
Q3 23
3.2x
9.3x
Q4 23
4.2x
26.4x
Q1 24
4.6x
—
Q2 24
4.7x
—
Q3 24
5.0x
—
Q4 24
5.1x
—
Q1 25
4.6x
—
Q2 25
4.2x
—
Q3 25
3.8x
68.9x
Q4 25
3.5x
17.9x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$13M
-$76M
Q2 23
$67M
$26M
Q3 23
$35M
-$1M
Q4 23
$8M
-$19M
Q1 24
$19M
-$610K
Q2 24
-$9M
-$21M
Q3 24
$65M
$44M
Q4 24
$44M
-$4M
Q1 25
$23M
-$35M
Q2 25
$76M
$2M
Q3 25
$75M
-$18M
Q4 25
$69M
-$22M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$89M
Q2 23
$41M
Q3 23
$36M
Q4 23
$27M
Q1 24
$20M
Q2 24
$12M
Q3 24
$21M
Q4 24
$48M
Q1 25
$57M
Q2 25
$74M
Q3 25
$93M
Q4 25
$91M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-21.6%
-81.2%
Q2 23
-61.1%
-25.9%
Q3 23
-68.2%
-62.7%
Q4 23
-55.3%
+1.9%
Q1 24
-29.2%
+102.5%
Q2 24
-8.7%
+5.7%
Q3 24
-24.3%
-15.3%
Q4 24
-7.2%
+75.5%
Q1 25
+45.8%
+68.2%
Q2 25
+48.4%
-58.0%
Q3 25
+47.3%
+23.2%
Q4 25
+38.3%
-8.1%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$4M
1.7%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$1M
0.7%
Q2 24
$1M
0.8%
Q3 24
$11M
7.7%
Q4 24
$3M
2.0%
Q1 25
$2M
0.9%
Q2 25
$4M
2.0%
Q3 25
$3M
1.5%
Q4 25
$4M
1.6%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
$69M
—
Q2 23
$64M
—
Q3 23
$62M
—
Q4 23
$70M
—
Q1 24
$55M
—
Q2 24
$53M
—
Q3 24
$67M
—
Q4 24
$66M
—
Q1 25
$60M
—
Q2 25
$65M
—
Q3 25
—
$47M
Q4 25
$38M
—
marketcaparena.com
Revenue Segments
Marketing
Natural Gas, Midstream
Natural Gas, NGL, And Oil
Other Revenue
Related Party Revenues
Quarter
Marketing
Natural Gas, Midstream
Natural Gas, NGL, And Oil
Other Revenue
Related Party Revenues
Q1 25
$6M
$3M
$216M
$2M
$426K
Q2 25
$1M
$3M
$200M
$3M
$425K
Q3 25
$2M
$3M
$192M
$2M
$447K
marketcaparena.com
Revenue by Geography
Pennsylvania
Texas
Quarter
Pennsylvania
Texas
Q3 24
$5M
$133M
Q1 25
$25M
$206M
Q2 25
$15M
$192M
Q3 25
$11M
$189M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$41M
$0
$41M
Q2 23
$22M
$0
$22M
Q3 23
$54M
$0
$54M
Q4 23
$25M
$0
$25M
Q1 24
$22M
$0
$22M
Q2 24
$9M
$0
$9M
Q3 24
$31M
$0
$31M
Q4 24
$15M
$0
$15M
Q1 25
$15M
$0
$15M
Q2 25
$21M
$0
$21M
Q3 25
$83M
$0
$83M
Q4 25
$199M
$0
$199M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
84M
+0.0%
Q2 23
84M
+0.0%
Q3 23
84M
+0.0%
Q4 23
84M
+0.0%
Q1 24
84M
+0.0%
Q2 24
84M
+0.0%
Q3 24
71M
-16.0%
Q4 24
71M
+0.0%
Q1 25
85M
+19.9%
Q2 25
85M
+0.2%
Q3 25
85M
+0.0%
Q4 25
93M
+9.2%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 20
—
—
FY 21
—
—
FY 22
—
—
FY 23
—
—
FY 24
$2M
366
FY 25
$2M
366
marketcaparena.com