Epsilon Energy Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Epsilon Energy Ltd. 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

	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	29.7	26.7	24.4	42.4	70	30.7	31.5	51.6
Operating income	9.43	8.19	-0.98	20.6	47	5.42	3.42	-10.5
Interest expense	0.14	0.12	0.11	0.1	0.05	0.08	0.05	0.62
Interest income	0.01	0.16	0.04	0.04	0.45	1.67	0.49	0.19
Other non-operating income	-2.03	4.29	2.43	-4.54	0.54	4.73	0.13	5.08
Pre-tax income	7.4	12.5	1.45	16.1	47.5	10.1	3.56	-5.44
Income tax	0.74	3.78	0.58	4.44	12.2	3.2	1.63	0.36
Net income	6.66	8.7	0.88	11.6	35.4	6.95	1.93	-5.8
EPS, basic	0.24	0.32	0.03	0.49	1.52	0.31	0.09	-0.25
EPS, diluted	0.24	0.32	0.03	0.49	1.51	0.31	0.09	-0.25
Shares, basic (weighted)	27.5	27.1	25.1	23.7	23.3	22.5	21.9	23
Shares, diluted (weighted)	27.5	27.1	25.1	23.9	23.4	22.5	21.9	23

Balance sheet

	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	14.4	14.1	13.3	26.5	45.2	13.4	6.52	8.96
Short-term investments					0	18.8	0
Receivables	5.04	4.3	3.92	4.6	7.2	6.02	5.84	16.1
Other current assets	0.24	0.43	0.5	0.57	0.63	0.76	0.79	1.85
Total current assets	19.9	22.4	17.8	31.7	55.5	41.1	14.1	32.6
Property, plant and equipment	67.4	74.7	68.3	67.2	67.8	80.2	105	192
Lease right-of-use assets					0	0.44	0.34	0.49
Total assets	87.9	97.7	86.7	99.5	124	124	120	228
Accounts payable	1.76	2.83	1.59	1.19	1.7	3.15	2.33	11.1
Accrued liabilities				0.34	0.6	0.64	0.7	1.06
Total current liabilities	6.34	7.5	4.51	7.55	6.22	7.9	6.98	25
Lease liabilities				0.14	0	0.48	0.36	0.34
Total liabilities	18	21.3	17.7	20.2	19.6	23.4	23.7	104
Paid-in capital	6.52	7.03	7.88	8.84	9.86	10.9	12.1	13.9
Retained earnings	-90	-81.3	-80.4	-68.8	-39.3	-37.9	-41.5	-53.3
Treasury stock	-0.09			-2.42	0	-0.36	0
Other comprehensive income	9.8	9.81	9.82	9.82	9.77	9.77	10	9.9
Shareholders' equity	69.9	76.4	69	79.3	104	101	96.7	125
Total equity	69.9	76.4	69	79.3	104	101	96.7	125
Total liabilities and equity	87.9	97.7	86.7	99.5	124	124	120	228
Shares outstanding	27.4	26.8	24	23.7	23.1	22.2	22	30.2

Cash flow statement

	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	6.66	8.7	0.88	11.6	35.4	6.95	1.93	-5.8
Stock-based compensation	0.33	0.51	0.85	0.96	1.02	1.02	1.24	1.74
Deferred income tax	-0.57	2.41	-2.3	-0.2	0.71	0.94	1.18	0.12
Change in receivables	-1.71	0.75	0.38	-0.68	-2.6	1.19	0.17	-1.59
Change in payables	-0.55	-1.47	0.21	0.65	1.18	-0.12	-0.49	-2.94
Cash from operations	10.3	13	14.8	20	38	18.2	16.8	20.6
Acquisitions							0	-49.8
Purchases of investments					0	-12	-4.05	0
Sales and maturities of investments							16.4	0
Cash from investing	-2.22	-10.5	-6.52	-4.44	-7.87	-38.4	-16.7	-61.6
Stock issued		0.05		0.09	0.75	0.06	0
Share buybacks	-0.66	-2.86	-9.08	-2.42	-6.23	-6.06	-1.83	0
Dividends paid				0	-5.86	-5.6	-5.49	-6
Cash from financing	-3.56	-2.8	-9.08	-2.34	-11.3	-11.7	-7.32	43.7
Exchange rate effect	-0.12	0.01	0.01	-0
Net change in cash	4.4	-0.35	-0.78	13.2	18.7	-31.9	-6.88	2.52
Interest paid	0.14	0.12	0.11	0.1	0.07	0.1	0.02	0.01
Income taxes paid	4.13	2.79	1.32	3.44	13.7	1.44		2.18

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 $5.93 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	1.0%	Operating income / revenue.
Pre-tax margin	-5.8%	Pre-tax income / revenue.
Net margin	-5.2%	Net income / revenue.
Operating cash flow margin	38.5%	Cash from operations / revenue.
Return on equity (ROE)	-2.7%	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)	0.4%	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	3.1%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	63.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-9.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	16.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-407.1%	Operating income vs the same period a year earlier. Only from a positive base.
Net income growth, 1y	-400.8%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-377.8%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	22.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-18.4%	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	6.8%	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	29.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.2%	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	12.6%	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	89.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	22.6%	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	21.4%	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	5.0%	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	-0.6%	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	-1.7%	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	0.96x	Current assets / current liabilities.
Quick ratio	0.82x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.32x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	45.1%	Total liabilities / total assets.
Interest coverage	0.28x	Operating income / interest expense.
Working capital	-$1.3M	Current assets - current liabilities.
Tangible book value	$129.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.29x	Revenue / average total assets.
Fixed asset turnover	0.34x	Revenue / average property, plant and equipment.
Receivables turnover	3.87x	Revenue / average receivables.
Days sales outstanding	94 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.12	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	$2.22	Revenue / diluted weighted shares.
Operating cash flow per share	$0.86	Cash from operations / diluted weighted shares.
Book value per share	$4.29	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$4.29	Tangible book value / shares outstanding.
Cash per share	$0.37	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$179.6M	Share price x shares outstanding.
Enterprise value	$168.4M	Market cap + total debt - cash - short-term investments.
P/S	2.65x	Market cap / revenue.
P/B	1.38x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.38x	Market cap / tangible book value, when positive.
P/OCF	6.89x	Market cap / cash from operations, when positive.
EV/Sales	2.49x	Enterprise value / revenue.
EV/EBIT	251x	Enterprise value / operating income, when both are positive.
Earnings yield	-2.0%	Net income / market cap (the inverse of P/E).
Dividend yield	3.9%	Dividends paid over the period / market cap.
Shareholder yield	3.9%	(Dividends paid + share buybacks) / market cap.

What was Epsilon Energy Ltd.'s revenue in fiscal 2025?

Epsilon Energy Ltd. reported revenue of $51.6M for fiscal 2025, 63.7% higher than the year before.

Was Epsilon Energy Ltd. profitable in fiscal 2025?

No. It reported a net loss of $5.8M.

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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