Vivakor (VIVK) AI Stock Analysis

• Market Cap: $40.59M
• Dividend Yield: N/A
• Average Volume (3M): 190.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: 85.84%
• EPS Growth: -53.96%
• Country: US
• Employees: 150
• Sector: Energy
• Sector Strength: 44
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.21
• Shares Outstanding: 47,297,348
• 10 Day Avg. Volume: 64,391
• 30 Day Avg. Volume: 190,278
• PEG Ratio: 0.02
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 279.46
• Enterprise Value/Market Cap: 2.93
• Enterprise Value/Revenue: 0.37
• Enterprise Value/Gross Profit: 8.54
• Enterprise Value/Ebitda: -4.21
• 1Y Price Target: $1.00
• Price Target Upside: 16.28% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: $1.00 ▲(16.28%Upside)

Vivakor's strong revenue growth and strategic corporate actions are overshadowed by ongoing profitability challenges and high leverage. Mixed technical indicators and a weak valuation further limit the stock's appeal.

Vivakor Business Overview & Revenue Model

Company Description

Vivakor, Inc. operates, acquires, and develops clean energy technologies and environmental solutions primarily focused on soil remediation in the United States and Kuwait. It specializes in the remediation of soil and the extraction of hydrocarbons, such as oil from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. The company was founded in 2006 and is based in Lehi, Utah.

How the Company Makes Money

Vivakor generates its revenue primarily through the deployment of its proprietary technology for hydrocarbon recovery. By partnering with governments, private landowners, and oil companies, Vivakor provides remediation services that extract and sell recovered hydrocarbons. The company's mobile remediation units are a key part of its revenue model, allowing it to operate in various locations where contaminated soil is present. Additionally, Vivakor may engage in strategic partnerships or acquisitions to enhance its service offerings or expand its market reach, contributing to its overall earnings.

Vivakor Financial Statement Overview

Summary

Vivakor shows strong revenue growth but struggles with profitability due to negative net income and high leverage. Improvements in cash flow are positive but operational inefficiencies remain a concern.

Income Statement

Vivakor has demonstrated significant revenue growth with an increase from $59.3 million in 2023 to $111.1 million in TTM (Trailing-Twelve-Months) 2025. However, the company has consistently reported negative net income, with a net loss of $27.8 million in TTM 2025. Gross profit margin improved slightly, but the EBIT and EBITDA margins remain negative, indicating ongoing operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio is relatively high, indicating significant leverage, with total debt at $82.8 million against equity of $112.9 million in TTM 2025. The equity ratio shows that 45.5% of the company's assets are financed by equity, reflecting moderate financial stability. However, the high level of debt presents potential risk.

Cash Flow

Vivakor's free cash flow has improved from negative in prior years to a positive $129k in TTM 2025, suggesting better cash management. The operating cash flow to net income ratio indicates that operating cash flow has been stronger than reported net income losses, pointing to potential for operational recovery.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	89.81M	59.32M	28.11M	1.09M	1.46M
Gross Profit	10.22M	5.02M	2.87M	37.75K	101.40K
EBITDA	-10.05M	-2.78M	-20.21M	-6.34M	-755.62K
Net Income	-22.19M	-10.74M	-19.44M	-5.53M	-2.36M
Balance Sheet
Total Assets	241.04M	71.24M	76.34M	47.35M	42.30M
Cash, Cash Equivalents and Short-Term Investments	1.31M	1.24M	4.84M	3.72M	4.42M
Total Debt	80.24M	33.43M	40.59M	13.01M	8.69M
Total Liabilities	125.92M	54.00M	49.28M	20.19M	16.25M
Stockholders Equity	119.24M	17.20M	18.85M	22.54M	24.77M
Cash Flow
Free Cash Flow	-2.73M	-4.09M	-6.63M	-7.42M	-2.97M
Operating Cash Flow	1.81M	-764.90K	-4.14M	-2.90M	-1.75M
Investing Cash Flow	302.19K	-3.71M	-2.33M	-4.51M	-1.23M
Financing Cash Flow	819.67K	2.04M	8.17M	8.51M	2.77M

Vivakor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VIVK, the sentiment is Positive. The current price of 0.86 is above the 20-day moving average (MA) of 0.81, above the 50-day MA of 0.81, and below the 200-day MA of 1.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.48 is Neutral, neither overbought nor oversold. The STOCH value of 72.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VIVK.

Vivakor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NRT	71 Outperform	$44.85M	8.32	432.55%	16.39%	-53.52%	-56.30%
Sector *	67 Neutral	$15.20B	9.67	6.33%	5.24%	4.05%	-66.98%
PRT	57 Neutral	$49.15M	8.93	7.52%	13.18%	-16.25%	-17.58%
PVL	54 Neutral	$58.74M	20.82	6.10%	1.92%	-80.46%	-51.76%
VIVK	52 Neutral	$40.59M	―	-43.22%	―	85.84%	-53.96%
USEG	49 Neutral	$43.51M	―	-55.07%	―	-40.81%	57.32%
INDO	―	$41.36M	―	-38.59%	―	―	―

Vivakor Corporate Events

Vivakor Raises $4.35M Through Convertible Notes

Between June 6 and June 9, 2025, Vivakor issued convertible promissory notes to seven non-affiliated accredited investors, raising $4,350,000 after fees. The notes, which mature in twelve months, feature a 15% original issuance discount and a 10% interest charge, and are convertible based on the company’s stock price. Additionally, 652,500 shares of common stock were issued as an incentive.

Vivakor Issues Convertible Note Amid Strong Q1 Growth

Vivakor announced the issuance of a convertible promissory note worth $172,500 to a non-affiliated accredited investor on May 28, 2025, as part of a Securities Purchase Agreement. The note, which matures in twelve months, includes a 15% original issuance discount and a 10% interest charge, and is convertible at 80% of the lower of the company’s stock price or the average of the four lowest VWAPS over the prior 20 trading days. Additionally, Vivakor reported a significant financial performance for the first quarter of 2025, with a 133% increase in revenue to $37.3 million and a 345% rise in gross profit to $4.8 million, driven by the operations of newly acquired Endeavor Entities. The company also announced a special dividend of shares of Adapti, Inc., and an expansion in the Permian Basin with 10 new pipeline stations, indicating a strong start to 2025 and potential for further growth.

Vivakor Issues Restricted Stock for Dividends

Between May 14, 2025, and May 19, 2025, Vivakor issued convertible promissory notes totaling $575,000 to accredited investors under a Securities Purchase Agreement, receiving $500,000. The notes mature in twelve months, carry a 15% original issuance discount, and a 10% interest charge, and are convertible at 80% of the lower of the closing stock price or the average of the four lowest VWAPS over the prior twenty trading days. Additionally, 75,000 shares of common stock were issued as an incentive. On May 20, 2025, Vivakor issued 1,764,964 shares of restricted common stock for dividends to Series A Preferred Stock holders, including significant allocations to entities controlled by CEO James Ballengee.