TALOS ENERGY INC. financial statements

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

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	259	413	891	908	576	1,245	1,652	1,458	1,974	1,780
General and administrative	28.7	36.7	85.8	77.2	79.2	78.7	99.8	158	202	155
Operating income	-80.7	45.3	253	213	-421	375	736	210	173	-560
Interest expense	70.4	80.9	90.1	97.8	99.4	133	125	173	188	163
Other non-operating income	0.41	0.33	1.01	2.68	3.02	-6.99	31.8	12.4	-44.9	15.5
Pre-tax income	-208	-62.9	224	22.6	-430	-185	384	127	-71.4	-604
Income tax			2.92	-36.1	35.6	-1.64	2.54	-60.6	5	-109
Net income to minority interests								0	0	-1.03
Net income	-208	-62.9	222	58.7	-466	-183	382	187	-76.4	-494
EBITDA	44	203	542	559	-57	771	1,151	873	1,196	496
EPS, basic	-7.99	-2.01	4.81	1.08	-6.88	-2.24	4.63	1.56	-0.44	-2.82
EPS, diluted	-7.99	-2.01	4.81	1.08	-6.88	-2.24	4.56	1.55	-0.44	-2.82
Shares, basic (weighted)	26	31.2	46.1	0.05	67.7	81.8	82.5	120	176	175
Shares, diluted (weighted)	26	31.2	46.1	0.05	67.7	81.8	83.7	121	176	175

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	33.4	32.2	140	87	34.2	69.9	44.1	33.6	108	363
Receivables		62.9	103	108	106	173	151	179	237	167
Inventory		0.84
Other current assets		2.15	7.64	1.95	1.86	1.67	1.92	10.4	36	17.9
Total current assets		145	417	294	247	340	368	422	659	841
Property, plant and equipment		1,091	2,051	2,226	2,536	2,389	2,643	4,040	5,215	4,438
Lease right-of-use assets				7.78	6.86	5.71	5.9	11.4	11.3	9.21
Intangible assets						0	1.4
Other non-current assets		0.71	2.7	54.4	24.3	12.3	6.48	5.96	12	6.4
Total assets		1,239	2,480	2,589	2,835	2,767	3,059	4,816	6,192	5,552
Accounts payable		72.7	51	71.4	105	85.8	128	84.2	117	93
Accrued liabilities		88	189	155	163	130	220	228	327	290
Short-term debt		25	0.44		0	6.06	0	33.1	0
Total current liabilities		323	380	370	448	601	607	579	723	645
Long-term debt		673	655	733	986	957	585	993	1,221	1,226
Lease liabilities				17.2	18.6	16.3	14.9	18.2	15.5	12
Other non-current liabilities		104	123	81.6	54.4	45	176	251	416	281
Total liabilities		1,293	1,472	1,511	1,908	2,006	1,893	2,661	3,432	3,384
Total debt		402	655	733	986	963	585	1,026	1,221	1,226
Paid-in capital		494	1,334	1,346	1,660	1,677	1,700	2,549	3,275	3,297
Retained earnings		-548	-327	-268	-734	-917	-535	-348	-424	-918
Treasury stock							0	-47.5	-92.7	-212
Shareholders' equity	6.99	-54.1	1,007	1,078	927	761	1,166	2,155	2,760	2,168
Minority interests									0	0.14
Total equity	6.99	-54.1	1,007	1,078	927	761	1,166	2,155	2,760	2,168
Total liabilities and equity		1,239	2,480	2,589	2,835	2,767	3,059	4,816	6,192	5,552
Shares outstanding		31.2	54.2	54.2	81.3	81.9	82.6

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-208	-62.9	222	58.7	-466	-183	382	187	-76.4	-495
Depreciation and amortization	125	157	289	346	364	396	415	664	1,024	1,056
Stock-based compensation	1.08	0.88	2.89	6.96	8.67	11	16	13	14.5	18.4
Deferred income tax				-37.8	35.9	-0.64	0.73	-60.7	6.77	-110
Change in receivables	-20.1	-9.13	-0.79	5.79	-34.6	-35.4	14.9	20.4	8.58	85.5
Change in payables	-68	2.41	-48.8	7.52	27.1	-6.26	24.3	-60.4	-3.83	-22.8
Cash from operations	116	176	263	394	302	411	710	519	963	936
Acquisitions	-85.9	-2.46	278	-37.9	-316	-5.4	-3.5	0	-936	-50
Cash from investing	-199	-158	37.5	-496	-679	-294	-312	-513	-1,320	-547
Debt issued				0	0	601	0	0	1,250	0
Debt repaid		-1			-5.36	-357	-18.2	-30	-897	0
Stock issued				0	71.1	0	0	0	388	0
Share buybacks						0	0	-47.5	-45.2	-119
Cash from financing	91.6	-18.4	-193	48.1	324	-82	-423	85.4	436	-165
Net change in cash	8.83		108	-54.1	-52.8	35.6	-25.7	91.9	78.4	225
Interest paid	55.3	48	53.5	62.6	67.4	68.9	91.8	130	131	118
Income taxes paid								-0.01	4.92	0.63

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 $16.47 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	-12.7%	Operating income / revenue.
EBITDA margin	36.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-25.2%	Pre-tax income / revenue.
Net margin	-20.5%	Net income / revenue.
Operating cash flow margin	39.9%	Cash from operations / revenue.
Return on equity (ROE)	-19.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-7.5%	Net income / average total assets.
Return on invested capital (ROIC)	-7.4%	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	1.1%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	48.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-9.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	25.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-424.0%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-58.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-24.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-2.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	9.7%	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	25.4%	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	-21.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	23.0%	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	18.5%	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	-10.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	22.0%	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	14.4%	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	-0.3%	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	27.9%	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	20.9%	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	1.61x	Current assets / current liabilities.
Quick ratio	1.22x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.85x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.60x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	22.6%	Total debt / total assets.
Liabilities / assets	62.6%	Total liabilities / total assets.
Net debt	$651.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.91x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	-1.57x	Operating income / interest expense.
Working capital	$416.2M	Current assets - current liabilities.
Tangible book value	$2.03B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.36x	Revenue / average total assets.
Fixed asset turnover	0.48x	Revenue / average property, plant and equipment.
Receivables turnover	7.89x	Revenue / average receivables.
Days sales outstanding	46 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$2.38	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	$11.64	Revenue / diluted weighted shares.
Operating cash flow per share	$4.65	Cash from operations / diluted weighted shares.
Book value per share	$11.95	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.95	Tangible book value / shares outstanding.
Cash per share	$3.40	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$2.75B	Share price x shares outstanding.
Enterprise value	$3.40B	Market cap + total debt - cash - short-term investments.
P/S	1.39x	Market cap / revenue.
P/B	1.35x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.35x	Market cap / tangible book value, when positive.
P/OCF	3.48x	Market cap / cash from operations, when positive.
EV/Sales	1.72x	Enterprise value / revenue.
EV/EBITDA	4.76x	Enterprise value / EBITDA, when both are positive.
Earnings yield	-14.7%	Net income / market cap (the inverse of P/E).
Shareholder yield	3.7%	(Dividends paid + share buybacks) / market cap.

What was TALOS ENERGY INC.'s revenue in fiscal 2025?

TALOS ENERGY INC. reported revenue of $1.78B for fiscal 2025, 9.8% lower than the year before.

Was TALOS ENERGY INC. profitable in fiscal 2025?

No. It reported a net loss of $494.3M.

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 TALOS ENERGY INC.