Vitesse Energy, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Vitesse 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	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	97.2	168	282	234	242	274
General and administrative	9.2	10.6	19.8	23.9	23.5	24.3
Operating expenses	131	114	128	199	201	257
Operating income	-33.8	53.9	154	34.9	41	17.1
Interest expense	4.68	3.21	4.15	5.28	9.98	10.2
Other non-operating income	25	-35.8	-35	7.35	-12.2	17.9
Pre-tax income		18.1	119	42.2	28.7	35.1
Income tax		0	0	61.9	7.67	9.8
Net income	-8.86	18.1	119	-19.7	21.1	25.3
EPS, basic	-0.02	0.04	0.26	-0.73	0.70	0.67
EPS, diluted	-0.02	0.04	0.26	-0.73	0.64	0.64
Shares, basic (weighted)	450	439	439	29.6	30	37.6
Shares, diluted (weighted)	439	439	439	29.6	32.9	39.6
Dividend per share				2.00	2.08	2.25

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1.73	2.8	10	0.55	2.97	1.33
Receivables		32	41.4	44.9	39.8	30.6
Other current assets		0.15	0.84	2.84	4.31	5.97
Total current assets		36.4	54.4	58.3	50.9	52.2
Property, plant and equipment		0.22	0.11	0.19	0.18	0.12
Lease right-of-use assets			0.2	0.2	4.4	4.1
Other non-current assets		0.99	3.24	3.09	7.82	7.13
Total assets		614	660	766	811	893
Accounts payable		4.59	7.21	27.7	34.3	11.8
Accrued liabilities		18.6	25.8	32.5	65.7	39.1
Deferred revenue					0	1.54
Total current liabilities		32.2	36.7	60.4	100	51.3
Other non-current liabilities		0.22	0	5.48	11.5	6.72
Total liabilities		115	91.5	220	311	264
Paid-in capital				568	505	631
Retained earnings				-21.6	-5.13	-2.05
Shareholders' equity			564	546	500	629
Total equity			564	546	500	629
Total liabilities and equity		614	660	766	811	893

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	-8.86	18.1	119	-19.7	21.1	25.3
Stock-based compensation	-0.54	1.41	-10.8	32.2	8.11	10.2
Deferred income tax		0	0	61.9	7.67	9.8
Change in receivables	18.7	-16	-10.8	-0.81	5.13	14.1
Change in payables	-0.52	-1	-0.15	2.41	2.71	-4.91
Cash from operations	76.3	87	147	142	155	170
Cash from investing	-70.8	-43.3	-84.6	-121	-115	-128
Share buybacks		0	0	-0.25	0	0
Dividends paid		-12	-36	-58	-63.6	-92.1
Cash from financing	-5.53	-42.6	-57.8	-30.7	-37.3	-44.3
Net change in cash	-0.03	1.07	4.65	-9.46	2.42	-1.64
Interest paid	4.38	2.9	3.6	4.73	9.04	9.35
Income taxes paid		0	0	1.29	0

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 $16.75 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	7.0%	Operating income / revenue.
Pre-tax margin	-4.9%	Pre-tax income / revenue.
Net margin	-4.0%	Net income / revenue.
Operating cash flow margin	47.9%	Cash from operations / revenue.
Return on equity (ROE)	-1.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-1.2%	Net income / average total assets.
Return on invested capital (ROIC)	2.5%	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	13.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-0.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	23.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-58.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-51.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	20.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-40.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	0.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	35.0%	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	9.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	5.0%	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	17.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	8.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	25.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.7%	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	10.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.6%	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	20.2%	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	-55.2%	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	-38.2%	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	1.06x	Current assets / current liabilities.
Quick ratio	0.97x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.02x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	32.5%	Total liabilities / total assets.
Interest coverage	1.91x	Operating income / interest expense.
Working capital	$3.1M	Current assets - current liabilities.
Tangible book value	$623.9M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.31x	Revenue / average total assets.
Fixed asset turnover	2,874x	Revenue / average property, plant and equipment.
Receivables turnover	5.43x	Revenue / average receivables.
Days sales outstanding	67 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.26	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	$6.64	Revenue / diluted weighted shares.
Operating cash flow per share	$3.18	Cash from operations / diluted weighted shares.
Book value per share	$14.56	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$14.56	Tangible book value / shares outstanding.
Cash per share	$0.02	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$705.2M	Share price x shares outstanding.
Enterprise value	$704.4M	Market cap + total debt - cash - short-term investments.
P/S	2.48x	Market cap / revenue.
P/B	1.13x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.13x	Market cap / tangible book value, when positive.
P/OCF	5.17x	Market cap / cash from operations, when positive.
EV/Sales	2.48x	Enterprise value / revenue.
EV/EBIT	35.4x	Enterprise value / operating income, when both are positive.
Earnings yield	-1.6%	Net income / market cap (the inverse of P/E).
Dividend yield	12.5%	Dividends paid over the period / market cap.
Shareholder yield	12.5%	(Dividends paid + share buybacks) / market cap.

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

Vitesse Energy, Inc. reported revenue of $274.0M for fiscal 2025, 13.2% higher than the year before.

Was Vitesse Energy, Inc. profitable in fiscal 2025?

Yes. Net income was $25.3M, a net margin of 9.2%.

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.

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