Kosmos Energy Ltd. financial statements

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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	310	578	887	1,499	804	1,340	2,260	1,719	1,675	1,288
General and administrative	87.6	68.3	99.9	110	72.1	91.5	101	99.5	100	76.1
Other non-operating income	-23.1	-5.29	6.5	-24.6	-37.8	-10.1	9.05	-23.7	-17.7	-13.5
Pre-tax income	-295	-178	-50.9	25.1	-417	-43.4	337	372	350	-635
Income tax	-10.8	44.9	43.1	80.9	-5.21	34.5	111	158	160	65.2
Net income	-284	-223	-94	-55.8	-412	-77.8	227	214	190	-700
EPS, basic	-0.74	-0.57	-0.23	-0.14	-1.02	-0.19	0.50	0.46	0.40	-1.47
EPS, diluted	-0.74	-0.57	-0.23	-0.14	-1.02	-0.19	0.48	0.44	0.40	-1.47
Shares, basic (weighted)	385	388	405	401	405	417	455	460	471	478
Shares, diluted (weighted)	385	388	405	401	405	417	475	481	477	478
Dividend per share		0.00	0.00	0.18	0.05

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	194	233	174	225	149	132	183	95.3	85	91.5
Receivables	54.2	0	48.2	64.1	44.5	134	67.5	121	165	103
Inventory	74.4	71.9	84.8	114	129	165	134	152	171	173
Other current assets	7.21	9.31	68	36.2	27.9	18.9	24.7	46.2	16.4	12.4
Total current assets	475	534	510	567	400	542	469	423	446	428
Property, plant and equipment	2,709	2,318	3,460	3,642	3,321	4,184	3,843	4,160	4,444	3,734
Lease right-of-use assets				20	19.8	17.6	16	14.2	12.3	10.1
Total assets	3,341	3,193	4,088	4,317	3,868	4,941	4,580	4,938	5,309	4,697
Accounts payable	221	142	177	149	221	184	212	249	350	203
Accrued liabilities	130	219	196	381	203	251	325	303	245	238
Deferred revenue		0	24.4	32.5	15.1	32	26.1	20.5	18.9	69.3
Short-term debt				0	7.5	30	30	0	0	132
Total current liabilities	370	429	384	539	460	531	574	555	595	572
Long-term debt	1,322	1,283	2,121	2,008	2,104	2,590	2,196	2,391	2,745	2,921
Lease liabilities				22.2	22.8	20.4	18	15.6	12.7	9.44
Other non-current liabilities	8.45	10.6	9.16	33.1	37.5	250	252	252	48.6	42.2
Total liabilities	2,260	2,295	3,147	3,476	3,427	4,411	3,792	3,906	4,109	4,168
Total debt	1,322	1,283	2,121	2,008	2,111	2,620	2,226	2,391	2,745	3,053
Paid-in capital	1,975	2,015	2,341	2,297	2,307	2,474	2,506	2,537	2,515	2,543
Retained earnings	-850	-1,073	-1,167	-1,223	-1,635	-1,712	-1,486	-1,272	-1,082	-1,782
Treasury stock	-47.6	-48.2	-237	-237	-237	-237	-237	-237	-237	-237
Shareholders' equity	1,081	897	941	842	440	529	788	1,032	1,200	529
Total equity	1,081	897	941	842	440	529	788	1,032	1,200	529
Total liabilities and equity	3,341	3,193	4,088	4,317	3,868	4,941	4,580	4,938	5,309	4,697

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-284	-223	-94	-55.8	-412	-77.8	227	214	190	-700
Depreciation and amortization	151	265	339	573	495	478	509	455	465	565
Stock-based compensation	40.1	39.9	35.2	32.4	32.7	31.7	34.5	42.7	38	28
Deferred income tax	-23.6	9.51	9.15	-90.4	-42.6	-69.2	-197	-108	-52.2	-6.74
Change in receivables	-20.6	29.4	176	-29.7	92.1	-34.2	68.8	-16.2	-63.3	92.2
Change in inventory	-4.11	1.65	8.85	-29	-23.2	-14.6	10.3
Change in payables	-75.5	-94.4	7.44	-83.9	71.9	-33.4	3.72	-4.06	14.5	-155
Cash from operations	52.1	237	260	628	196	374	1,130	765	678	134
Capital expenditures	-645	-57.4	-385	-441	-274	-924	-612
Cash from investing	-538	-153	-985	-364	-346	-973	-704	-995	-966	-401
Debt issued	450	200	1,175	175
Debt repaid	0	-250	-325	-425	0	0
Stock issued				0	0	136	0	0
Share buybacks	-1.98	-2.19	-206
Dividends paid		0	0	-72.6	-19.3	-0.51	-0.66	-0.17	0	0
Cash from financing	448	-52.3	605	-220	69.9	624	-415	142	274	300
Net change in cash	-37.7	31.8	-119	43.7	-79.6	25.1	11.9	-88.1	-13.5	32.5
Free cash flow	-592	179	-125	187	-77.8	-550	519
Interest paid	27.9	55.4	83.8	99.9	104	91	85.8	74.6	195	224
Income taxes paid	14	48.8	46	43.9	104	137	248	282	281	111

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 $2.65 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	-27.5%	Pre-tax income / revenue.
Net margin	-34.2%	Net income / revenue.
Operating cash flow margin	18.3%	Cash from operations / revenue.
Return on equity (ROE)	-76.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-12.6%	Net income / average total assets.
Stock-based pay / revenue	1.7%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	33.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-23.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-17.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-468.6%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-467.5%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-80.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-50.9%	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	-7.3%	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	-56.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-12.5%	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	3.7%	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	-11.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.8%	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	4.0%	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	0.2%	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	0.2%	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	3.3%	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	0.59x	Current assets / current liabilities.
Quick ratio	0.32x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.15x	(Cash + short-term investments) / current liabilities.
Debt / equity	3.79x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	62.0%	Total debt / total assets.
Liabilities / assets	83.6%	Total liabilities / total assets.
Net debt	$2.57B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	-$270.1M	Current assets - current liabilities.
Tangible book value	$704.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.37x	Revenue / average total assets.
Fixed asset turnover	0.47x	Revenue / average property, plant and equipment.
Receivables turnover	14.0x	Revenue / average receivables.
Days sales outstanding	26 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.90	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	$2.62	Revenue / diluted weighted shares.
Operating cash flow per share	$0.48	Cash from operations / diluted weighted shares.
Book value per share	$1.17	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.17	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	$1.58B	Share price x shares outstanding.
Enterprise value	$4.15B	Market cap + total debt - cash - short-term investments.
P/S	1.00x	Market cap / revenue.
P/B	2.24x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.24x	Market cap / tangible book value, when positive.
P/OCF	5.45x	Market cap / cash from operations, when positive.
EV/Sales	2.62x	Enterprise value / revenue.
Earnings yield	-34.4%	Net income / market cap (the inverse of P/E).

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

Kosmos Energy Ltd. reported revenue of $1.29B for fiscal 2025, 23.1% lower than the year before.

Was Kosmos Energy Ltd. profitable in fiscal 2025?

No. It reported a net loss of $699.8M.

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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