EVOLUTION PETROLEUM CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data EVOLUTION PETROLEUM CORP 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

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	34.5	40.8	43.2	29.6	32.7	109	129	85.9	85.8	86.3
Cost of revenue					16.6	48.7	59.5	48.3	49.3	50.3
Gross profit					16.1	60.3	69	37.6	36.5	36
General and administrative	4.99	6.77	5.07	5.26	6.75	6.84	9.58	9.64	10.3	9.75
Operating expenses	21.6	24.6	25.6	25.9	54.1
Operating income	12.9	16.2	17.6	3.69	-20.7	45.4	45.1	7.91	4.18	3.48
Interest expense	0.08	0.11	0.12	0.11	0.1	0.57	0.46	1.46	2.97	3.85
Pre-tax income	12.9	16.2	18.9	3.76	-21.4	41.1	45.3	5.5	1.87	-3.15
Income tax	4.84	-3.43	3.48	-2.18	-4.98	8.51	10.1	1.42	0.4	-0.72
Net income	8.04	19.6	15.4	5.94	-16.4	32.6	35.2	4.08	1.47	-2.43
EBITDA	18.6	22.3	23.9	9.45	-15.6	53.4	59.4	28	26.2	26.3
EPS, basic	0.21	0.59	0.46	0.18	-0.50	0.97	1.05	0.12	0.03	-0.08
EPS, diluted	0.21	0.59	0.46	0.18	-0.50	0.96	1.04	0.12	0.03	-0.08
Shares, basic (weighted)	33	33.1	33.2	33	32.7	33	33	32.7	33.2	34.3
Shares, diluted (weighted)	33.1	33.2	33.2	33	32.7	33.3	33.2	32.9	33.3	34.3

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	23	24.9	31.6	19.7	5.28	8.28	11	6.45	2.51	6.14
Receivables	2.72	3.94	3.17	1.92	8.69	24	7.88	10.8	10.8	10.1
Other current assets	0.39	0.52	0.46	0.49	1.04	3.88	2.28	3.86	2.29	2.2
Total current assets	26.1	32.1	35.2	25.3	18.1	36.4	21.2	21.7	17.4	20.5
Property, plant and equipment	61.8	61.3	60.4	66.5	58.5	111
Lease right-of-use assets				0.12	0.07	0.02	0.18	0.14	0.06	0.41
Other non-current assets	0.3	0.24	0.21	0.29	0.07	1.17	1.34	1.3	0.43	0.73
Total assets	88.3	93.7	95.8	92.1	76.7	148	128	163	160	169
Accounts payable	1.99	3.43	2.08	1.47	1.61	15.1	5.89	8.31	12.9	13.8
Accrued liabilities	0.72	0.87	0.54	0.72	4.94	11.9	6.03	6.24	6.91	5.67
Total current liabilities	2.72	4.43	2.75	4.28	6.59	30.3	12.3	15.8	21.4	22.4
Lease liabilities				0.08	0.02		0.13	0.06		0.35
Total liabilities	19.8	16.4	15.6	18	22.1	72.5	36.2	81.8	88.4	108
Paid-in capital	41	41.8	42.5	41.3	42.5	42.6	40.1	41.1	46.7	54.6
Retained earnings	27.5	35.5	37.6	32.8	12	32.9	52	40	25.1	5.76
Shareholders' equity	68.5	77.3	80.1	74.1	54.6	75.5	92.1	81.1	71.8	60.4
Total equity	68.5	77.3	80.1	74.1	54.6	75.5	92.1	81.1	71.8	60.4
Total liabilities and equity	88.3	93.7	95.8	92.1	76.7	148	128	163	160	169
Shares outstanding	33.1	33.1	33.2	33	33.5	33.5	33.2	33.3	34.3	35.9

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	8.04	19.6	15.4	5.94	-16.4	32.6	35.2	4.08	1.47	-2.43
Depreciation and amortization	5.72	6.1	6.25	5.76	5.17	8.05	14.3	20.1	22	22.8
Stock-based compensation	1.18	1.37	0.89	1.29	1.26	0.13	1.64	2.14	2.48	2.34
Deferred income tax	4.09	-5.27	0.77	-0.26	-5.1	1.14	-0.3	-0.1	-0.47	-0.96
Change in receivables	-0.09	-1.22	0.77	-1.99	-6.63	-11.4	18.4	-2.91	0.08	1.18
Change in payables	-1.63	-0.11	-0.09	-0.49	4.5	18.5	-13.5	0.37
Cash from operations	16.5	20.5	24.1	12.4	4.73	52.5	51.3	22.7	33.1	23.5
Cash from investing	-10.5	-3.72	-6.76	-11.1	-18.8	-54.9	-6.99	-49.6	-21.6	-27.2
Stock issued	0	0							3.84	6.07
Share buybacks	-0.46	-0.57	-0.16	-2.48	-0.01	-0.04	-4.17	-1.14	-0.44	-0.23
Dividends paid	-8.43	-11.6	-13.3	-10.7	-4.34	-11.8	-16.1	-16	-16.3	-16.9
Cash from financing	-17.1	-12.2	-13.4	-13.2	-0.35	5.42	-41.5	22.3	-15.3	7.29
Net change in cash	-11	4.65	3.87	-11.9	-14.4	3	2.75	-4.59	-3.94	3.63
Interest paid				0.08	0.09	0.52	0.5	1.33	3.08	3.69
Income taxes paid	1.5	1.83	2.76	1.24	0.76	6.29	11.9	2.8	-0.13	0.5

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $3.52 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	41.7%	Gross profit / revenue.
Operating margin	4.0%	Operating income / revenue.
EBITDA margin	30.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-3.6%	Pre-tax income / revenue.
Net margin	-2.8%	Net income / revenue.
Operating cash flow margin	27.2%	Cash from operations / revenue.
Return on equity (ROE)	-3.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-1.5%	Net income / average total assets.
Return on invested capital (ROIC)	4.4%	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%.
Stock-based pay / revenue	2.7%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	26.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	0.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-12.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	21.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-1.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-19.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	17.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-16.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-57.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	0.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-23.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-264.9%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-366.7%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-28.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-22.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	37.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-15.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-13.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.5%	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	17.1%	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	2.8%	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	1.1%	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	0.9%	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	0.92x	Current assets / current liabilities.
Quick ratio	0.73x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.27x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	64.2%	Total liabilities / total assets.
Interest coverage	0.90x	Operating income / interest expense.
Working capital	-$1.8M	Current assets - current liabilities.
Tangible book value	$60.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.52x	Revenue / average total assets.
Receivables turnover	8.27x	Revenue / average receivables.
Days sales outstanding	44 days	365 x average receivables / revenue.
Days payables	97 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.08	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.
EPS, basic	-$0.08	Net income per basic share, as reported (split-adjusted).
Revenue per share	$2.52	Revenue / diluted weighted shares.
Operating cash flow per share	$0.69	Cash from operations / diluted weighted shares.
Book value per share	$1.68	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.68	Tangible book value / shares outstanding.
Cash per share	$0.17	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$126.3M	Share price x shares outstanding.
Enterprise value	$120.1M	Market cap + total debt - cash - short-term investments.
P/S	1.46x	Market cap / revenue.
P/B	2.09x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.09x	Market cap / tangible book value, when positive.
P/OCF	5.37x	Market cap / cash from operations, when positive.
EV/Sales	1.39x	Enterprise value / revenue.
EV/EBIT	34.5x	Enterprise value / operating income, when both are positive.
EV/EBITDA	4.57x	Enterprise value / EBITDA, when both are positive.
Earnings yield	-1.9%	Net income / market cap (the inverse of P/E).
Dividend yield	13.4%	Dividends paid over the period / market cap.
Shareholder yield	13.6%	(Dividends paid + share buybacks) / market cap.

What was EVOLUTION PETROLEUM CORP's revenue in fiscal 2026?

EVOLUTION PETROLEUM CORP reported revenue of $86.3M for fiscal 2026, 0.6% higher than the year before.

Was EVOLUTION PETROLEUM CORP profitable in fiscal 2026?

No. It reported a net loss of $2.4M.

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.

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