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Vivakor, Inc. (VIVK) stock

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NASDAQ: VIVK Nasdaq Oil & Gas Storage & Transportation

D Fundamentals grade

Vivakor, Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Vivakor, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: share count (1m) is 0.062x the cover-page count (8m). We'll show the comparison once resolved.

Vivakor, Inc. valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Vivakor files

Where Vivakor stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $90m, down 27.8% on a year earlier, a steeper fall than the 22.1% decline a quarter earlier. That puts it 20 of 21 for growth among the oil & gas storage & transportation companies we cover. Free-cash-flow margin fell to -25.5% from -21.3% a year earlier. Operating margin narrowed to -59.0% from -24.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 2 financial-health checks.

Our model value for Vivakor is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 19, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Vivakor, Inc.'s trailing-twelve-month revenue fell 27.8% year on year, with a free-cash-flow margin of -25.5%. Where it stands out: days sales outstanding of 8 days ranks 1 of 18 oil & gas storage & transportation companies we cover. Where it lags: revenue growth of -27.8% ranks 28 of 29 oil & gas storage & transportation companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 13.5% while net income fell 136.7%: a 150pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Vivakor, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 27.8% over the last 12 months.
  • Growth slowing. The growth rate is 5.7 points lower than a quarter earlier.
  • Loss-making. Operating margin is -59.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 34.3 points on a year ago.
  • Burning cash. Free cash flow was -25.5% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 240% and a beta of 0.8 against the S&P 500.

Latest results: FY2026 Q2

Filed August 19, 2026
Revenue
$32m, up 10.4% on a year earlier

Vivakor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-21.8%
  • 1 week-48.5%
  • 1 month-85.4%
  • This year-99.9%
  • 1 year-100.0%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$89.6M
Operating margin
-59.0%
Net margin
-109.0%

Growth

Revenue growth
−27.8%
Change in growth rate
−5.7 pts

Cash

Free cash flow (TTM)
-$22.8M
FCF margin
-25.5%
Stock pay % of revenue
1.7%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Share issue
  2. Share issue
  3. Announcement
  4. Leadership
  5. Share issue
  6. Share issue
  7. Share issue
  8. Share issue
  9. Agreement
  10. Announcement
  11. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Vivakor, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: share count (1m) is 0.062x the cover-page count (8m): held for review.

Valuation multiples over time Market data may be delayed

At fiscal year end 20202021202320242025
Share price$870406.19$450174.09$60690.52$70793.04$594.00
Market value$44.9bn$27.0bn$5.8bn$10.8bn$215m
+ Net debt (− = net cash)$5m$5m$4m$5m−$265019
Enterprise value$44.9bn$27.0bn$5.8bn$10.8bn$215m
Multiples
Price / sales n/mn/m98.5x120.0x2.1x
Price / earnings —————
Price / free cash flow ———n/m—
EV / EBITDA —————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

12 /100

Weak moat

How hard Vivakor's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -22.7% of total assets over 5 years.

  • Pricing power 0 / 20

    Gross margin has been a median 9.8%, moving by 15.2 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -33.6%; its worst year was -879.6%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -21.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Vivakor, Inc.: too few analysts cover it.

Positioning

Short interest
16.3%
of tradable shares
Days to cover
0.07
at average volume
Short interest, 1 month
+45%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
0.6%
of shares
Employees
20
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
VIVK−48%−87%+2%+17%−99%−100%
Industry peers (median)+41%+22%+11%+28%+11%+23%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
VIVK33%50%58%42%25%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
VIVK−58%−91%−69%−68%−99%−100%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 100% from February 19, 2019 to November 2, 2026. Getting back needed a 185601224% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.68 – $12954.00
From 52-week high
−100.0%
vs 50-day average
−90.2%
vs 200-day average
−99.8%
Volatility (1 year)
240%
Beta vs S&P 500
0.79

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Vivakor, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Vivakor, Inc.
$40M $60M $80M $100M $120M $140M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $61.8M Revenue (TTM), FY23 Q4: $59.3M Revenue (TTM), FY24 Q1: $59.8M Revenue (TTM), FY24 Q2: $62.4M Revenue (TTM), FY24 Q3: $62M Revenue (TTM), FY24 Q4: $89.8M Revenue (TTM), FY25 Q1: $111.1M Revenue (TTM), FY25 Q2: $124M Revenue (TTM), FY25 Q3: $125.1M Revenue (TTM), FY25 Q4: $104.4M Revenue (TTM), FY26 Q1: $86.5M Revenue (TTM), FY26 Q2: $89.6M $89.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $61.8M
FY23 Q4 $59.3M
FY24 Q1 $59.8M
FY24 Q2 $62.4M
FY24 Q3 $62M
FY24 Q4 $89.8M
FY25 Q1 $111.1M
FY25 Q2 $124M
FY25 Q3 $125.1M
FY25 Q4 $104.4M
FY26 Q1 $86.5M
FY26 Q2 $89.6M
Revenue growth, TTM YoY Vivakor, Inc.
-200% 0% 200% 400% 600% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 424.9% Revenue growth, TTM YoY, FY23 Q4: 111.1% Revenue growth, TTM YoY, FY24 Q1: 37.0% Revenue growth, TTM YoY, FY24 Q2: 9.0% Revenue growth, TTM YoY, FY24 Q3: 0.3% Revenue growth, TTM YoY, FY24 Q4: 51.4% Revenue growth, TTM YoY, FY25 Q1: 85.8% Revenue growth, TTM YoY, FY25 Q2: 98.8% Revenue growth, TTM YoY, FY25 Q3: 101.8% Revenue growth, TTM YoY, FY25 Q4: 16.3% Revenue growth, TTM YoY, FY26 Q1: -22.1% Revenue growth, TTM YoY, FY26 Q2: -27.8% -27.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 424.9%
FY23 Q4 111.1%
FY24 Q1 37.0%
FY24 Q2 9.0%
FY24 Q3 0.3%
FY24 Q4 51.4%
FY25 Q1 85.8%
FY25 Q2 98.8%
FY25 Q3 101.8%
FY25 Q4 16.3%
FY26 Q1 -22.1%
FY26 Q2 -27.8%
Operating margin (TTM) Vivakor, Inc.
-80% -60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -28.5% Operating margin (TTM), FY23 Q4: -10.7% Operating margin (TTM), FY24 Q1: -11.4% Operating margin (TTM), FY24 Q2: -14.2% Operating margin (TTM), FY24 Q3: -16.2% Operating margin (TTM), FY24 Q4: -24.5% Operating margin (TTM), FY25 Q1: -24.1% Operating margin (TTM), FY25 Q2: -24.8% Operating margin (TTM), FY25 Q3: -30.2% Operating margin (TTM), FY25 Q4: -61.1% Operating margin (TTM), FY26 Q1: -69.1% Operating margin (TTM), FY26 Q2: -59.0% -59.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -28.5%
FY23 Q4 -10.7%
FY24 Q1 -11.4%
FY24 Q2 -14.2%
FY24 Q3 -16.2%
FY24 Q4 -24.5%
FY25 Q1 -24.1%
FY25 Q2 -24.8%
FY25 Q3 -30.2%
FY25 Q4 -61.1%
FY26 Q1 -69.1%
FY26 Q2 -59.0%
FCF margin (TTM) Vivakor, Inc.
-40% -30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -9.8% FCF margin (TTM), FY23 Q4: -6.9% FCF margin (TTM), FY24 Q1: -8.0% FCF margin (TTM), FY24 Q2: -6.0% FCF margin (TTM), FY24 Q3: -2.6% FCF margin (TTM), FY24 Q4: -10.6% FCF margin (TTM), FY25 Q1: -11.3% FCF margin (TTM), FY25 Q2: -21.3% FCF margin (TTM), FY25 Q3: -14.4% FCF margin (TTM), FY25 Q4: -32.3% FCF margin (TTM), FY26 Q1: -39.1% FCF margin (TTM), FY26 Q2: -25.5% -25.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -9.8%
FY23 Q4 -6.9%
FY24 Q1 -8.0%
FY24 Q2 -6.0%
FY24 Q3 -2.6%
FY24 Q4 -10.6%
FY25 Q1 -11.3%
FY25 Q2 -21.3%
FY25 Q3 -14.4%
FY25 Q4 -32.3%
FY26 Q1 -39.1%
FY26 Q2 -25.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1 1 28 59 90 104 90
Gross profit 0 0 3 5 10 38 41
EBITDA −3 −5 −20 −2 −11 −46 −42
Operating income −5 −7 −23 −6 −22 −64 −53
Net income −3 −7 −20 −11 −26 −110 −98
Diluted EPS — — — −$0.56 −$151.32 −$318.01 —
Growth (year on year)
Revenue — −25.3% +>999% +111.1% +51.4% +16.3% −27.8%
Margins
Gross margin 7.0% 3.5% 10.2% 8.5% 11.4% 36.1% 45.5%
EBITDA margin −225.4% −502.0% −70.4% −4.0% −11.8% −43.9% −47.5%
Operating margin −332.6% −636.3% −80.9% −10.7% −24.5% −61.1% −59.0%
Net margin −197.0% −666.6% −72.0% −18.3% −29.3% −105.6% −109.0%
Free-cash-flow margin −202.5% −655.8% −23.6% −6.9% 2.0% −15.1% −13.9%
Cash flow
Cash from operations −2 −3 −4 −1 2 −16 −12
Capital spending 1 4 2 3 0 0 0
Free cash flow −3 −7 −7 −4 2 −16 −12
Stock-based pay 0 0 3 2 3 2 1
Free cash flow after stock pay −3 −8 −9 −6 −1 −17 −14
Balance sheet
Cash 0 1 3 1 1 0 0
Total debt 5 6 4 4 5 0 0
Net debt (negative = net cash) 5 5 1 4 5 −0 −0
Diluted shares — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · June 30, 2026
What it owns · $114m
Short-term assets $14mLonger-term assets $100m
What it owes, and who funded it · $119m
Short-term liabilities $73mLonger-term liabilities $5mShareholders' equity $41m
  • Short-term assets cover short-term liabilities $14m of assets due within a year against $73m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $14m short-term assets against $5m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Vivakor, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Days sales outstanding
8 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated VIVK SLNG TMDE SMC MMLP DKL Median
Revenue, last 12 months $90m $56m $545m $583m $807m $1.2bn $2.0bn
Revenue growth, last 12 months −27.8% −19.7% 8.8% 20.9% 13.2% 30.3% 8.8%
Revenue growth, 3-year average 16.1% −16.3% — — −2.1% 4.4% 4.0%
Revenue growth, latest quarter 10.4% −31.2% — 10.6% 37.3% 56.2% 10.7%
Gross margin 45.5% 20.7% 0.6% 71.5% 50.6% 17.6% 42.6%
Operating margin −59.0% −18.0% −2.4% — 6.2% 15.3% 27.3%
Operating margin, 3-year average −32.7% −18.1% — — 7.2% 19.2% 20.8%
Net margin −109.0% −14.1% −3.4% 0.0% −1.4% 12.8% 13.1%
Cash from operations / revenue −13.9% 40.3% 1.9% 22.5% 2.0% 28.3% 29.5%
Free-cash-flow margin −25.5% 14.3% 1.4% 7.7% −2.3% 9.9% 11.8%
Free-cash-flow margin, 3-year average −17.6% 7.9% — — 0.7% 7.9% 8.8%
Stock pay / revenue 1.7% 0.0% — 1.4% 0.1% 0.3% 0.5%
Change in share count — −0.0% 0.0% 13.7% — — 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth -27.8% 8.8% 28 of 29
Change in growth rate Growth -5.7pp +0.5pp 23 of 29
Gross margin Profitability 45.5% 35.5% 5 of 15
Operating margin Profitability -59.0% 28.1% 26 of 27
Net margin Profitability -109.0% 13.1% 28 of 29
Free-cash-flow margin Cash generation -25.5% 13.6% 27 of 28
Stock pay as % of revenue Cash generation 1.7% 0.8% 17 of 20
Days sales outstanding Balance sheet 8 days 43 days 1 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Revenues $84.2M 80.6% ▲ 43.6%
Revenues Related Party $20.2M 19.4% ▼ 35.2%

From Vivakor, Inc.'s 10-K filed April 15, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Vivakor, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Vivakor, Inc. in brief

What does Vivakor, Inc. do?
Vivakor, Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is Vivakor, Inc.'s stock ticker?
Vivakor, Inc. trades under the ticker VIVK on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Vivakor, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Vivakor, Inc. reported revenue of $89.6M, 27.8% lower than a year earlier, according to its SEC filings.
What is Vivakor, Inc.'s free cash flow?
Vivakor, Inc.'s free-cash-flow margin is -25.5% of revenue over the trailing twelve months, ranking 27 of the 28 oil & gas storage & transportation companies we cover.
What is Vivakor, Inc.'s market cap?
On December 31, 2025, Vivakor, Inc.'s market capitalisation was about $215M and net debt of -$265,019. Market figures come from third-party market data and may be delayed.
Who are Vivakor, Inc.'s competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to Vivakor, Inc. are Stabilis Solutions, Inc., TMD Energy Ltd, Summit Midstream Corp, Martin Midstream Partners L.p. and Delek Logistics Partners, LP. The side-by-side comparison below sets their revenue, margins and growth against Vivakor, Inc.'s.