Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BLUE DOLPHIN ENERGY CO files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
168
258
341
309
175
301
488
396
318
279
Cost of revenue
248
332
298
177
300
441
354
314
271
Gross profit
10
8.83
11.4
-2.05
0.91
46.1
44.7
3.89
8.68
General and administrative
2.71
4.02
3.27
2.66
2.3
3.02
2.92
3.13
6.44
5.29
Operating expenses
-178
-254
-177
-300
6.99
360
322
Operating income
-12.2
-21.9
2.56
5.45
-7.85
-6.7
39.1
36.4
-4.31
-1.52
Interest expense
1.85
2.77
3.36
6.75
6.76
6.2
5.89
6.1
6.06
5.39
Other non-operating income
0.07
-0.46
-3.34
1.91
-6.59
-6.14
-5.88
-5.86
-5.86
-5.39
Pre-tax income
-12.2
-22.3
-0.78
7.36
-14.4
-12.8
33.2
30.5
-10.2
-6.91
Income tax
-3.61
0
0.26
0
0.02
0
-0.31
-0.49
-1.53
-1.31
Net income
-15.8
-22.3
-0.52
7.36
-14.5
-12.8
32.9
31
-8.64
-5.6
EBITDA
-10.3
-20.1
4.49
2.96
-5.17
-3.92
41.9
39.2
-1.5
1.35
EPS, basic
-1.51
-2.09
-0.05
0.66
-1.15
-1.01
2.34
2.08
-0.58
-0.38
EPS, diluted
-1.51
-2.09
-0.05
0.66
-1.15
-1.01
2.34
2.08
-0.58
-0.38
Shares, basic (weighted)
10.5
10.7
10.9
11.2
12.6
12.7
14.1
14.9
14.9
14.9
Shares, diluted (weighted)
10.5
10.7
10.9
11.2
12.6
12.7
14.1
14.9
14.9
14.9
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
6.08
2.15
1.67
0.67
1.11
10.5
0.52
18.7
0.08
1.01
Receivables
2.02
1.36
0.38
0.45
0.21
0.13
1.15
Inventory
2.08
3.09
1.51
1.65
1.06
3.1
19.8
24.6
35.7
30.9
Other current assets
1.05
1.21
1.79
2.28
3.56
2.43
3.47
1.59
1.87
2.74
Total current assets
10.9
6.98
4.04
6.08
5.56
5.82
25.1
49.3
44.8
44.2
Property, plant and equipment
62.3
64.6
64.7
63.9
62.5
59.9
57.4
55
52.4
50
Lease right-of-use assets
0
0.65
0.5
0.33
0.15
0.16
0.46
0.19
Other non-current assets
0
Total assets
75.4
73.4
70.7
71.4
69.3
66.3
83.9
106
102
99.1
Accounts payable
14.6
2.34
2.72
1.88
3.27
2.55
2.16
12.3
Accrued liabilities
1.28
1.16
1.57
3.33
4.88
6.23
6.11
Short-term debt
31.7
35.5
34.9
33.8
33.7
43
42.2
Total current liabilities
48.8
76.5
75.9
65.5
77.8
84.3
70.3
55.4
63.9
68.6
Long-term debt
1.3
0
0
0
0.36
0.84
2.32
Lease liabilities
0
0.56
0.37
0.16
0
0
0.19
0
Total liabilities
58.7
78.1
75.9
68
80.1
89.9
73.3
64.5
68.9
71.7
Total debt
2.26
2.14
2.01
1.88
16.3
54.8
2.15
Paid-in capital
36.8
36.9
36.9
38.3
38.5
38.5
0.15
39.8
39.8
39.8
Retained earnings
-19.4
-41.8
-42.3
-34.9
-49.4
-62.2
-29.3
1.69
-6.94
-12.5
Treasury stock
-0.8
0
Shareholders' equity
16.7
-4.73
-5.23
3.49
-10.8
-23.6
10.6
41.6
33
27.4
Total equity
16.7
-4.73
-5.23
3.49
-10.8
-23.6
10.6
41.6
33
27.4
Total liabilities and equity
75.4
73.4
70.7
71.4
69.3
66.3
83.9
106
102
99.1
Shares outstanding
10.6
10.9
11
12.3
12.7
12,694
14.9
14.9
14.9
14.9
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-15.8
-22.3
-0.52
7.36
14.5
12.8
32.9
31
-8.64
-5.6
Depreciation and amortization
1.94
1.81
1.93
-2.49
2.69
2.78
2.8
2.8
2.81
2.87
Deferred income tax
3.61
0
-0.22
0
0.02
0
0
-1.44
-1.55
-1.37
Change in receivables
3.57
0.58
0.98
-0.07
0.23
-0.09
-1.08
-4.18
-0.67
0.44
Change in inventory
5.73
-1.01
1.58
-0.14
0.58
2.04
-16.7
-4.73
-11.1
4.77
Change in payables
-4.01
-12.9
2.27
4.5
5.9
2.22
-2.09
-7.77
8.03
-2.33
Cash from operations
-3.88
-4.94
1.01
-8.19
-3.9
-6.06
16.3
20
-15.7
-0.77
Capital expenditures
-15
-4.08
-2.03
-1.57
-1.09
0
-0.1
-0.1
-0.05
-0.01
Cash from investing
-14.1
-2.43
-2.03
-1.57
-1.09
0
-0.1
-0.1
-0.05
-0.01
Debt issued
7.12
3.68
0
12.4
0.37
10.5
1.5
0
Debt repaid
-3.7
-1.36
-0.89
-2.56
-3.93
-4.74
-1.02
-1.5
-5.17
Cash from financing
3.42
3.44
0.54
8.77
5.43
5
-14.7
-2.71
-1.92
1.74
Net change in cash
-14.6
-3.94
-0.48
-1
0.44
-1.05
1.46
17.2
-17.6
0.96
Free cash flow
-18.9
-9.03
-1.02
-9.76
-4.99
-6.06
16.2
19.9
-15.7
-0.78
Interest paid
2.36
2.69
2.82
3.47
2.31
1.25
5.53
11.3
6.91
6.11
Income taxes paid
-0.1
-0.1
0
0
0.96
0.02
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.81 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
13.1%
Gross profit / revenue.
Operating margin
10.5%
Operating income / revenue.
EBITDA margin
11.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
9.2%
Pre-tax income / revenue.
Net margin
7.2%
Net income / revenue.
FCF margin
11.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
11.4%
Cash from operations / revenue.
Effective tax rate
21.5%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
44.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
20.2%
Net income / average total assets.
Return on invested capital (ROIC)
103.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-12.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-16.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
9.8%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
123.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-42.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 3y
-68.2%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-17.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
37.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-2.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
5.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
7.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
0.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
2.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
3.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.24x
Current assets / current liabilities.
Quick ratio
0.47x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.47x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
0.3%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$1.77
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$24.45
Revenue / diluted weighted shares.
FCF per share
$2.78
Free cash flow / diluted weighted shares.
Operating cash flow per share
$2.79
Cash from operations / diluted weighted shares.
Book value per share
$4.01
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
6.69x
Market cap / net income. Only when net income is positive.
P/S
0.48x
Market cap / revenue.
P/B
2.95x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.95x
Market cap / tangible book value, when positive.
P/FCF
4.25x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
4.23x
Market cap / cash from operations, when positive.
EV/Sales
0.40x
Enterprise value / revenue.
EV/EBIT
3.79x
Enterprise value / operating income, when both are positive.
EV/EBITDA
3.64x
Enterprise value / EBITDA, when both are positive.
EV/FCF
3.51x
Enterprise value / free cash flow, when both are positive.
FCF yield
23.5%
Free cash flow / market cap.
Earnings yield
14.9%
Net income / market cap (the inverse of P/E).
What was BLUE DOLPHIN ENERGY CO's revenue in fiscal 2025?
BLUE DOLPHIN ENERGY CO reported revenue of $279.4M for fiscal 2025, 12% lower than the year before.
Was BLUE DOLPHIN ENERGY CO profitable in fiscal 2025?
No. It reported a net loss of $5.6M.
How much free cash flow did BLUE DOLPHIN ENERGY CO generate in fiscal 2025?
Cash from operations of $766.0K minus capital expenditures of $13.0K left free cash flow of -$779.0K.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.