# Battalion Oil Corp (BATL) · Edgar & Edgarette company card

> Battalion Oil (BATL) saw revenue fall 14.4% in FY2025 to $166 million, operating margin -4.0% against a 16.8% median for crude petroleum & natural gas, equity -7.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1282648 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BATL) · [JSON](https://www.pops4.com/boards/company/BATL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $166M |
| Revenue growth, 1 year | -14.4% |
| Revenue growth per year | -12.6% |
| Operating margin | -4.0% (prior year -6.1%) |
| Net margin | 7.2% |
| Operating cash flow | $39M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $28M |
| Long-term debt | $208M |
| Total assets | $461M |
| Total equity | −$33M |
| Equity ÷ assets | -7.1% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -2.19 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -4.0% in FY2025; revenue is hard to predict: its 80% range is ±34%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $166.0M (FY2025), total debt $208.1M. Experience: revenue down 14.4% on the year, down 12.6% a year over 4 years; operating margin -4.0%, up from -6.1%. Soundness: equity -7.1% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $93.0M and $190.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $77.5M to $230.5M. A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin -4.0% against a 16.8% median; growth -14.4% against 7.8%.

Range logged 2026-09-29, receipt 3e1692e9058f11b8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-09-16 ([filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926108320/0001104659-26-108320-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-06-30 ([filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926079393/0001104659-26-079393-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-10-01 ([filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926112594/0001104659-26-112594-index.htm))

## Recent filings

- 8-K · filed 2026-10-01 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926112594/0001104659-26-112594-index.htm)
- 8-K · filed 2026-09-30 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926112126/0001104659-26-112126-index.htm)
- 8-K · filed 2026-09-16 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926108320/0001104659-26-108320-index.htm)
- 10-Q · filed 2026-08-12 · [filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926094946/0001104659-26-094946-index.htm)
- 8-K · filed 2026-08-12 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926094942/0001104659-26-094942-index.htm)
- 8-K · filed 2026-08-07 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1282648/000110465926092788/0001104659-26-092788-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001282648.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1282648

## Cite

POPS4, Edgar & Edgarette: Battalion Oil Corp (BATL) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BATL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.