HighPeak Energy, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data HighPeak Energy, Inc. 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

	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	8.12	220	756	1,131	1,117	863
Selling, general and administrative	8.68	8.89	12.5	16.6	20.4	25.3
Operating income	-11.6	102	423	426	337	150
Interest expense		2.48	50.6	148	169	147
Interest income		0	0.27	2.91	8.69	3.85
Pre-tax income	-11.6	72.5	312	282	131	26.2
Income tax		16.9	75.4	65.9	35.9	7.21
Net income	-11.6	55.6	237	216	95.1	19
EBITDA	-7.31	167	600	851	838	572
EPS, basic		0.55	2.04	1.64	0.69	0.13
EPS, diluted		0.54	1.93	1.58	0.67	0.14
Shares, basic (weighted)		93.1	105	118	125	125
Shares, diluted (weighted)		94.8	111	123	129	125
Dividend per share		0.13	0.10	0.10	0.16	0.16

Balance sheet

	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	22.7	34.9	30.5	195	86.6	162
Receivables	3.36	39.4	96.6	94.6	85.2	55.5
Inventory	0.18	3.3	13.3	7.25	11	7.65
Other current assets	0.03	7.15	4.13	1	4.59	5.05
Total current assets	92	87	145	329	195	260
Property, plant and equipment	1.09	1.6	3.59	3.57	3.2	3.01
Lease right-of-use assets				0.51	1.4	957,000
Other non-current assets		4.79	6.43	5.68	19.3	16.2
Total assets	498	819	2,279	3,081	3,063	3,214
Accounts payable	11.1	38.1	106	63.6	74	84.3
Accrued liabilities	19.7	32.2
Short-term debt		0	0	120	120	60
Total current liabilities	31	103	266	287	285	230
Long-term debt		97.9	704	1,030	928	1,133
Lease liabilities			0	0	0.67	0.14
Other non-current liabilities		0.83	0
Total liabilities		266	1,110	1,528	1,461	1,619
Total debt		97.9	704	1,150	1,048	1,193
Paid-in capital		617	1,009	1,189	1,167	1,162
Retained earnings	-5.75	-64.4	161	363	436	433
Shareholders' equity		553	1,170	1,553	1,602	1,595
Total equity		553	1,170	1,553	1,602	1,595
Total liabilities and equity	498	819	2,279	3,081	3,063	3,214
Shares outstanding		96.8	113	128	126	125

Cash flow statement

	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-11.6	55.6	237	216	95.1	19
Depreciation and amortization	4.27	65.2	178	424	501	422
Stock-based compensation		6.68	33.4	26	12.7	0.62
Deferred income tax		16.9	75.4	65.9	35.3	7.24
Change in receivables	0.07	-31.7	-57.2	2.01	9.35	29.7
Change in payables	3.76	24.5	34.1	8.49	4.72	4.98
Cash from operations	-0.77	147	504	756	690	512
Cash from investing	-51.4	-250	-1,182	-1,126	-621	-515
Debt issued		120
Stock issued		25.3	0	0.15	0	0
Share buybacks			0	0	-35.2	0
Dividends paid		-11.6	-10.4	-11.9	-20.1	-20.9
Cash from financing	74	119	674	534	-177	79.2
Net change in cash	21.8	15.3	-4.37	164	-108	75.4
Interest paid		1.81	24.3	133	152	136
Income taxes paid		0	0	0	0	0.5

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 $7.56 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	15.3%	Operating income / revenue.
EBITDA margin	66.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-12.8%	Pre-tax income / revenue.
Net margin	-10.3%	Net income / revenue.
Operating cash flow margin	45.6%	Cash from operations / revenue.
Return on equity (ROE)	-5.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-2.8%	Net income / average total assets.
Return on invested capital (ROIC)	4.0%	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%.
SG&A / revenue	3.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	50.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-22.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	4.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y	-55.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-29.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-31.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-1.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-80.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-56.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-79.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-58.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-25.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	0.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	17.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	-0.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.9%	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	4.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	12.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	-3.0%	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	4.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.87x	Current assets / current liabilities.
Quick ratio	0.75x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.48x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.77x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	37.5%	Total debt / total assets.
Liabilities / assets	51.1%	Total liabilities / total assets.
Net debt	$1.04B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.83x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.91x	Operating income / interest expense.
Working capital	-$41.2M	Current assets - current liabilities.
Tangible book value	$1.55B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.27x	Revenue / average total assets.
Fixed asset turnover	265x	Revenue / average property, plant and equipment.
Receivables turnover	10.4x	Revenue / average receivables.
Days sales outstanding	35 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.70	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	$6.83	Revenue / diluted weighted shares.
Operating cash flow per share	$3.12	Cash from operations / diluted weighted shares.
Book value per share	$12.27	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$12.27	Tangible book value / shares outstanding.
Cash per share	$1.16	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$956.0M	Share price x shares outstanding.
Enterprise value	$2.00B	Market cap + total debt - cash - short-term investments.
P/S	1.11x	Market cap / revenue.
P/B	0.62x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.62x	Market cap / tangible book value, when positive.
P/OCF	2.43x	Market cap / cash from operations, when positive.
EV/Sales	2.32x	Enterprise value / revenue.
EV/EBIT	15.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	3.51x	Enterprise value / EBITDA, when both are positive.
Earnings yield	-9.3%	Net income / market cap (the inverse of P/E).
Dividend yield	1.1%	Dividends paid over the period / market cap.
Shareholder yield	1.1%	(Dividends paid + share buybacks) / market cap.

What was HighPeak Energy, Inc.'s revenue in fiscal 2025?

HighPeak Energy, Inc. reported revenue of $863.4M for fiscal 2025, 22.7% lower than the year before.

Was HighPeak Energy, Inc. profitable in fiscal 2025?

Yes. Net income was $19.0M, a net margin of 2.2%.

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.

Open interactive statements, quarterly figures and charts

Back to HighPeak Energy, Inc.