Vivakor, Inc. (VIVK)

From the record

Vivakor, Inc.'s filings since 2017 show 29 warning events of 4 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2025-09-23); a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2026-04-28); an auditor change (8-K item 4.01, 3 times, the latest 2024-07-19); a late-report notice (Form NT 10-K or NT 10-Q, 17 times, the latest 2026-08-14) (its current reports).

From the record

Vivakor, Inc.'s 6 filed years say what it did: revenue went from $1 million in fiscal 2020 to $104 million in fiscal 2025, up 135% a year; it rose in 4 of 5 years; the deepest fall was 25% from fiscal 2020 to fiscal 2021; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Vivakor, Inc. lost about 296 cents for every dollar of shareholders' money, and gross profitability: its products earned about 33 cents per dollar of everything the company owns. Leverage: it owed about 67 cents per dollar of assets, and net share issuance: its share count grew 138.1% over the year (the filed statements).

From the record

Vivakor, Inc.'s standing among 10 graded names in its industry family: revenue of $104 million in fiscal 2025 ranks in the bottom 39% by size; a net margin of -105.6% ranks in the bottom 15%; revenue growth of 54.9% a year over the last 3 filed years ranks in the top 15% (its annual reports).

From the record

Vivakor, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ballengee, James H. (CEO, as filed), filing under that title since 2022-11-29, 4 years (top 42% of its family); the 3 officers and directors filing in the last fifteen months have been on the record a median of 12 months (bottom 8%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 3 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Vivakor, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $265 thousand against no long-term debt tagged leaves 0.2% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -15.1% of revenue (bottom 25%); a gross margin of 36.1% (top 39%) (its annual report).

From the record

Vivakor, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 54.9% a year over the last three filed years against 135% over all 6, slowing (bottom 6% of its family); the newest year grew 16.3% (top 17%); capital spending grew 40.5% a year (top 6%) (its annual reports). Vivakor, Inc. reported 2 product lines in fiscal 2025: Revenues at $84 million (81%), Revenues Related Party at $20 million (19%); 1 of 2 grew against the year before (its annual report).

From the record

Vivakor, Inc.'s newest year against its own record: revenue of $104 million in fiscal 2025 came in 34.9% below the $160 million its prior three years' pace pointed to (bottom 6% of its family); net income of $110 million against a prior three-year average of $19 million (bottom 6%); a net margin of a loss larger than its revenue against -39.9% before (bottom 6%) (its annual reports).