PROP (Prairie Operating Co.) Stock Financials & Earnings | Market Cap Arena

PROP (Prairie Operating Co.) Stock Financials & Earnings | Market Cap Arena

PROPPrairie Operating Co.

Mkt Cap$92M

Financial Services·Financial - Capital Markets·🇺🇸 United States·NASDAQ

Revenue (TTM)$167M

Net Income (TTM)$22M

EPS (TTM)-$4.27

Free Cash Flow (TTM)$381M

Gross Margin52.4%

Op. Margin27.9%

Net Margin13.4%

FCF Margin227.7%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)4.1x

YoY Rev Growth+18320.0%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 26

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$0	$0	-$1M
Q1 23	$0	$0	-$64K
Q2 23	$179K	-$47K	-$3M
Q3 23	$0	$0	-$6M
Q4 23	$909K	$399K	-$7M
Q1 24	$0	$0	-$8M
Q2 24	$0	$0	-$9M
Q3 24	$0	-$711	-$9M
Q4 24	$8M	$5M	-$1M
Q1 25	$14M	$8M	$2M
Q2 25	$68M	$36M	$19M
Q3 25	$78M	$39M	$27M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	179.6x	—
Q1 23	549.3x	—
Q2 23	510.4x	—
Q3 23	510.4x	—
Q4 23	84.1x	—
Q1 24	84.1x	—
Q2 24	100.7x	—
Q3 24	100.7x	—
Q4 24	11.5x	—
Q1 25	4.3x	—
Q2 25	1.0x	9.4x
Q3 25	0.5x	4.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$306K	-$306K
Q1 23	-$82	-$80
Q2 23	-$5M	-$8M
Q3 23	-$3M	-$21M
Q4 23	-$4M	-$4M
Q1 24	-$3M	-$5M
Q2 24	-$5M	-$7M
Q3 24	$3M	-$3M
Q4 24	-$4M	-$24M
Q1 25	$17M	$2M
Q2 25	-$7M	-$47M
Q3 25	$58M	$450M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$0
Q1 23	$2
Q2 23	$3M
Q3 23	$18M
Q4 23	$109K
Q1 24	$2M
Q2 24	$2M
Q3 24	$5M
Q4 24	$20M
Q1 25	$15M
Q2 25	$40M
Q3 25	$392M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-100.0%	-90.4%
Q1 23	-100.0%	-98.2%
Q2 23	+7.6%	+71.7%
Q3 23	—	+2181.5%
Q4 23	—	+662.3%
Q1 24	—	+12393.8%
Q2 24	-100.0%	+177.9%
Q3 24	—	+39.6%
Q4 24	+773.8%	+9.4%
Q1 25	—	+47.1%
Q2 25	—	+473.7%
Q3 25	—	+474.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$155K	—
Q1 23	$0	—
Q2 23	$0	0.0%
Q3 23	$2M	—
Q4 23	$2M	216.6%
Q1 24	$0	—
Q2 24	$2M	—
Q3 24	$2M	—
Q4 24	$3M	32.0%
Q1 25	$1M	9.7%
Q2 25	$2M	3.5%
Q3 25	$4M	5.3%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 22	$917K	—
Q1 23	—	$64K
Q2 23	$3M	—
Q3 23	—	$6M
Q4 23	$7M	—
Q1 24	$8M	—
Q2 24	$9M	—
Q3 24	—	$9M
Q4 24	$6M	—
Q1 25	$6M	—
Q2 25	$16M	—
Q3 25	$12M	—

Revenue Segments

Quarter	Crude Oil Sales	NGL Sales	Natural Gas Sales
Q1 25	$11M	$2M	$1M
Q2 25	$58M	$4M	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$246K	$0	$246K
Q1 23	$27K	$0	$27K
Q2 23	$9M	$0	$9M
Q3 23	$7M	$0	$7M
Q4 23	$13M	$0	$13M
Q1 24	$4M	$0	$4M
Q2 24	$2M	$0	$2M
Q3 24	$40M	$0	$40M
Q4 24	$5M	$0	$5M
Q1 25	$15M	$0	$15M
Q2 25	$11M	$0	$11M
Q3 25	$11M	$0	$11M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	429K	-0.4%
Q1 23	429K	+0.0%
Q2 23	4M	+815.7%
Q3 23	7M	+67.3%
Q4 23	10M	+49.7%
Q1 24	10M	+1.8%
Q2 24	12M	+20.0%
Q3 24	17M	+39.7%
Q4 24	23M	+37.4%
Q1 25	27M	+16.3%
Q2 25	198M	+640.3%
Q3 25	506M	+155.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	$486K	23
FY 14	$471K	49
FY 15	$572K	42
FY 16	$709K	32
FY 17	$837K	18
FY 18	$1M	12
FY 19	$2M	5
FY 20	$32K	13
FY 21	$74K	5
FY 22	$0	2
FY 23	$0	11
FY 24	$418K	19