Vitesse Energy, Inc. balance sheet
At the end of fiscal 2025, Vitesse Energy, Inc. had total assets of $893m, total liabilities of $264m and shareholders' equity of $629m. It held $1.3m in cash against $125m of debt: net debt of $123m.
Balance sheet
| Fiscal year | 2020Nov 2020 | 2021Nov 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2 | — | 10 | 1 | 3 | 1 | 1 |
| Receivables | — | — | 41 | 45 | 40 | 31 | 51 |
| Total current assets | — | — | 54 | 58 | 51 | 52 | 55 |
| Total assets | — | — | 660 | 766 | 811 | 893 | 933 |
| Accounts payable | — | — | 7 | 28 | 34 | 12 | 5 |
| Deferred revenue (current) | — | — | — | — | 0 | 2 | 2 |
| Total current liabilities | — | — | 37 | 60 | 100 | 51 | 85 |
| Total debt | 0 | — | 48 | 81 | 117 | 125 | 191 |
| Total liabilities | — | — | 92 | 220 | 311 | 264 | 362 |
| Shareholders' equity | — | — | 564 | 546 | 500 | 629 | 571 |
| Net debt (negative = net cash) | −2 | — | 38 | 80 | 114 | 123 | 190 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 40 | 57 | 47 | 35 | 31 | 41 | 52 | 51 |
| Total current assets | 51 | 70 | 68 | 57 | 52 | 49 | 58 | 55 |
| Total assets | 811 | 975 | 952 | 933 | 893 | 883 | 924 | 933 |
| Accounts payable | 34 | 35 | 24 | 20 | 12 | 16 | 12 | 5 |
| Deferred revenue (current) | 0 | — | 2 | 2 | 2 | 2 | 2 | 2 |
| Total current liabilities | 100 | 97 | 72 | 67 | 51 | 87 | 55 | 85 |
| Total liabilities | 311 | 308 | 280 | 283 | 264 | 312 | 300 | 362 |
| Shareholders' equity | 500 | 668 | 672 | 650 | 629 | 570 | 624 | 571 |
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