Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Phoenix Energy One, LLC 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
FY2023
FY2025
FY2025
Revenue
118
281
687
Cost of revenue
19.7
63.9
155
Gross profit
98.4
217
532
Selling, general and administrative
14.3
29.2
26
Selling and marketing
4.14
0.68
1.97
Operating income
32
72.4
176
Interest expense
47.9
90.2
161
Other non-operating income
-48.2
-97.2
-109
Net income
-16.2
-24.8
66.1
EBITDA
66.2
158
353
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
5.43
121
65.8
Receivables
28.2
75.5
Inventory
0
Other current assets
7.53
5.22
Total current assets
157
174
Lease right-of-use assets
6.01
9.51
Other non-current assets
0.5
0.87
Total assets
1,029
1,807
Accounts payable
41.8
122
Accrued liabilities
41.5
43.4
Short-term debt
103
148
Total current liabilities
227
418
Long-term debt
795
1,236
Lease liabilities
5.86
9.63
Other non-current liabilities
4.86
0
Total liabilities
1,063
1,729
Total debt
898
1,530
Retained earnings
-34.5
29.7
Total equity
-4.83
-34.1
78.2
Total liabilities and equity
1,029
1,807
Cash flow statement
FY2023
FY2025
FY2025
Net income
-16.2
-24.8
66.1
Depreciation and amortization
34.2
86
178
Stock-based compensation
0
0
0.15
Change in receivables
-28.8
4.61
-47.3
Change in payables
2.83
-11
21.8
Cash from operations
-1.02
101
301
Cash from investing
-279
-438
-843
Debt repaid
-76.3
-96
-67
Cash from financing
281
452
487
Net change in cash
0.82
115
-55
Interest paid
23.8
42.7
98.6
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 $28.07 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
82.0%
Gross profit / revenue.
Operating margin
31.0%
Operating income / revenue.
EBITDA margin
53.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
0.7%
Net income / revenue.
Operating cash flow margin
43.0%
Cash from operations / revenue.
Return on assets (ROA)
0.3%
Net income / average total assets.
SG&A / revenue
1.6%
Selling, general and administrative expense / revenue.
D&A / revenue
22.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
144.4%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
144.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
142.5%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
123.2%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
197.6%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
75.6%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.30x
Current assets / current liabilities.
Quick ratio
0.25x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.06x
(Cash + short-term investments) / current liabilities.
Debt / assets
74.4%
Total debt / total assets.
Liabilities / assets
98.2%
Total liabilities / total assets.
Net debt
$1.61B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
2.74x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage
1.73x
Operating income / interest expense.
Working capital
-$411.2M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.50x
Revenue / average total assets.
Inventory turnover
94.6x
Cost of revenue / average inventory.
Days inventory
4 days
365 x average inventory / cost of revenue.
Receivables turnover
9.97x
Revenue / average receivables.
Days sales outstanding
37 days
365 x average receivables / revenue.
Days payables
276 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
-235 days
Days inventory + days sales outstanding - days payables.
Valuation
Metric
Value
How it is calculated
Market cap
$2.81B
Share price x shares outstanding.
Enterprise value
$4.42B
Market cap + total debt - cash - short-term investments.
P/E
366x
Market cap / net income. Only when net income is positive.
P/S
2.52x
Market cap / revenue.
P/OCF
5.88x
Market cap / cash from operations, when positive.
EV/Sales
3.97x
Enterprise value / revenue.
EV/EBIT
12.8x
Enterprise value / operating income, when both are positive.
EV/EBITDA
7.50x
Enterprise value / EBITDA, when both are positive.
Earnings yield
0.3%
Net income / market cap (the inverse of P/E).
What was Phoenix Energy One, LLC's revenue in fiscal 2025?
Phoenix Energy One, LLC reported revenue of $687.2M for fiscal 2025, 144.4% higher than the year before.
Was Phoenix Energy One, LLC profitable in fiscal 2025?
Yes. Net income was $66.1M, a net margin of 9.6%.
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.