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Vivakor
(NASDAQ:VIVK)
Vivakor (VIVK) vs. SPDR S&P 500 ETF (SPY)
Vivakor Business Overview & Revenue Model
Vivakor Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 124.05M | 89.81M | 59.32M | 28.11M | 1.09M | 1.46M |
| Gross Profit | 17.38M | 10.22M | 5.02M | 2.87M | 37.75K | 101.40K |
| EBITDA | -9.51M | -10.05M | -2.78M | -20.21M | -6.34M | -755.62K |
| Net Income | -37.06M | -22.19M | -10.74M | -19.44M | -5.53M | -2.36M |
Balance Sheet | ||||||
| Total Assets | 244.54M | 241.04M | 71.24M | 76.34M | 47.35M | 42.30M |
| Cash, Cash Equivalents and Short-Term Investments | 930.24K | 1.31M | 1.24M | 4.84M | 3.72M | 4.42M |
| Total Debt | 85.84M | 80.24M | 33.43M | 42.03M | 13.01M | 8.69M |
| Total Liabilities | 146.50M | 125.92M | 54.00M | 49.28M | 20.19M | 16.25M |
| Stockholders Equity | 102.17M | 119.24M | 17.20M | 18.85M | 22.54M | 24.77M |
Cash Flow | ||||||
| Free Cash Flow | -6.71M | -2.73M | -4.09M | -6.63M | -7.42M | -2.97M |
| Operating Cash Flow | -4.34M | 1.81M | -764.90K | -4.14M | -2.90M | -1.75M |
| Investing Cash Flow | 4.34M | 302.19K | -3.71M | -2.33M | -4.51M | -1.23M |
| Financing Cash Flow | 3.58M | 819.67K | 2.04M | 8.17M | 8.51M | 2.77M |
Vivakor Technical Analysis
Vivakor Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $55.97M | 10.12 | 375.02% | 8.21% | 22.51% | 26.50% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | $46.96M | 8.77 | 7.42% | 11.18% | 1.82% | 1.15% | |
54 Neutral | $58.74M | 18.94 | 6.98% | 4.05% | 45.14% | -59.41% | |
44 Neutral | $38.73M | ― | -71.37% | ― | -51.27% | 49.89% | |
41 Neutral | $26.81M | -0.21 | -63.23% | ― | 98.83% | -85.72% |
Vivakor Corporate Events
On October 30, 2025, Vivakor, Inc. announced the pricing of a $2.7 million registered direct offering of common stock and pre-funded warrants with a single institutional investor. The offering, facilitated by D. Boral Capital LLC as the exclusive placement agent, is expected to close around October 31, 2025, pending customary conditions. This financial move is part of Vivakor’s strategy to enhance its market position within the energy infrastructure sector, potentially impacting its operational capabilities and stakeholder interests.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On October 30, 2025, Vivakor, Inc. announced the launch of its commodities trading platform, Vivakor Supply & Trading (VST), with a significant $24 million crude oil transaction. This milestone marks the beginning of VST’s active crude oil marketing operations in the Permian Basin, utilizing Vivakor’s midstream logistics capabilities. The transaction is expected to enhance Vivakor’s market reach and generate substantial revenue as volumes increase, reflecting the company’s strategic integration of trading with its logistics and midstream assets.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On March 17, 2025, Vivakor, Inc. issued a junior secured convertible promissory note to J.J. Astor & Co. for $6,625,000, receiving $5,000,000 before fees. On October 23, 2025, the lender converted $400,000 of the note into 3,923,492 shares of Vivakor’s common stock, which were issued without a restrictive legend, as the lender is an accredited investor.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On October 24, 2025, Vivakor announced the pricing of a $3.5 million registered direct offering of common stock and pre-funded warrants, expected to close on October 27, 2025. This move, facilitated by D. Boral Capital LLC, is part of Vivakor’s strategy to strengthen its financial position, potentially impacting its operations and market presence in the energy infrastructure sector.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On October 23, 2025, Vivakor announced the closing of a $40 million commodity intermediation credit facility with a wholesaler, aimed at supporting the growth of its crude oil trading platform. This facility, which provides credit support for physical crude oil transactions, is expected to enhance Vivakor’s supply chain management and expand its crude oil marketing operations, thereby strengthening its liquidity and operational agility.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On October 16, 2025, Vivakor announced a $5 million registered direct offering with a single institutional investor, involving the sale of common stock and pre-funded warrants. The proceeds are intended for working capital and general corporate purposes, potentially impacting the company’s operational flexibility and market positioning.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
Vivakor, Inc. issued a junior secured convertible promissory note to J.J. Astor & Co. on March 17, 2025, with a principal amount of $6,625,000, receiving $5,000,000 before fees. On October 10, 15, and 16, 2025, the lender converted portions of this note into shares of Vivakor’s common stock, totaling 10,915,027 shares, which were issued without a Rule 144 restrictive legend, as the holder is an accredited investor.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
Vivakor issued the Third Note and agreed to issue Commitment Shares to a lender on October 8, 2025, with the securities containing a standard Rule 144 restrictive legend. These securities were exempt from registration due to the holder’s familiarity with Vivakor’s operations, and the company received funds under the Second Forbearance Agreement and the Third Note on October 9 and 10, 2025.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
Vivakor, Inc. announced financial transactions involving convertible promissory notes and share issuances. On March 17, 2025, Vivakor issued a $6,625,000 junior secured convertible promissory note to J.J. Astor & Co., receiving $5,000,000. By October 2025, portions of this note were converted into shares. Additionally, on August 12, 2025, Vivakor issued another convertible note worth $647,500 to a non-affiliated investor, receiving $550,000 and issuing shares as an incentive. These transactions were exempt from registration under the Securities Act.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
Vivakor, Inc. announced that on March 17, 2025, it issued a junior secured convertible promissory note to J.J. Astor & Co. for a principal amount of $6,625,000, receiving $5,000,000 before fees. On September 29, 2025, the lender converted $700,000 of this note into 5,235,602 shares of Vivakor’s common stock. Previous conversions and share issuances did not exceed 5% of the company’s outstanding stock, and the shares were issued without a restrictive legend, exempt from registration under the Securities Act.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On or about September 17, 2025, Vivakor issued 720,072 shares of common stock to a lender, exempt from registration under Section 4(a)(2) of the Securities Act, as the holder is familiar with the company’s operations.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On September 11, 2025, Vivakor, Inc. held its annual stockholders meeting, where over 50% of shares were represented, resulting in the election of four board members and the approval of several proposals, including stock issuances and a reverse stock split. Additionally, on September 17, 2025, Vivakor announced that Nasdaq granted a 180-day extension to regain compliance with its minimum bid price requirement, allowing the company until March 16, 2026, to meet the criteria, with no immediate effect on its stock listing.
The most recent analyst rating on (VIVK) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
Vivakor, Inc. announced on August 19, 2025, that it has reset the record date for a special dividend of Adapti, Inc. shares to September 5, 2025. This adjustment affects Vivakor shareholders, who will receive approximately 0.0079 shares of Adapti, Inc. per Vivakor share, excluding shares held by certain company executives. The special dividend is valued at approximately $0.515 million based on Adapti’s current share price. This move aligns with Adapti’s recent acquisition of The Ballengee Group, LLC, a sports management agency, and its ongoing integration with its AdaptAI software platform.
The most recent analyst rating on (VIVK) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Vivakor stock, see the VIVK Stock Forecast page.
On August 13, 2025, Vivakor announced the appointments of Leslie D. Patterson as Executive Vice President and Chief Operating Officer, and Kimberly Hawley as Executive Vice President and Chief Financial Officer. Patterson, with over 30 years of experience in the oil and gas industry, is expected to enhance operational efficiency and revenue growth. Hawley brings over 25 years of financial expertise, aiming to improve financial transparency and strategic growth. These leadership changes are intended to strengthen Vivakor’s operational and financial capabilities, positioning the company for future success.
Vivakor, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The primary reason for the delay is the company’s ongoing efforts to complete its financial statements and disclosures, which could not be finalized without unreasonable effort or expense. The company anticipates filing the report within five calendar days following the original due date. Vivakor expects significant changes in its financial results due to recent acquisitions and other financial activities, including changes in revenue, expenses, and net income. The company is committed to resolving these issues promptly, as indicated by the signature of CEO James Ballengee.