# Viking Global Technologies, Inc. (VGTK) · Edgar & Edgarette company card

> Viking Global Technologies (VGTK) saw revenue fall 78.2% in FY2025 to $6 million, operating margin -128% against a 16.8% median for crude petroleum & natural gas, equity -251% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1309082 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/VGTK) · [JSON](https://www.pops4.com/boards/company/VGTK.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $6M |
| Revenue growth, 1 year | -78.2% |
| Revenue growth per year | 98.5% |
| Operating margin | -127.6% (prior year -39.1%) |
| Net margin | -85.5% |
| Operating cash flow | −$2M |
| Capital spending | $16,136 |
| Free cash flow | −$2M |
| Cash | $279,525 |
| Long-term debt | $48M |
| Total assets | $20M |
| Total equity | −$50M |
| Equity ÷ assets | -250.9% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -43.74 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · 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 cash flow was negative; operating loss: a margin of -127.6% in FY2025; revenue is hard to predict: its 80% range is ±67%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $6.2M (FY2025), total debt $48.2M. Experience: revenue down 78.2% on the year, up 98.5% a year over 4 years; operating margin -127.6%, down from -39.1%. Soundness: equity -250.9% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.2M and $6.0M next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M 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 $1.0M to $6.7M. A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin -127.6% against a 16.8% median; growth -78.2% against 7.8%.

Range logged 2026-09-27, receipt 373ff24f1a793385, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-11-09 · [filing](https://www.sec.gov/Archives/edgar/data/1309082/000147793226006785/0001477932-26-006785-index.htm)
- 8-K · filed 2026-11-03 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1309082/000147793226006598/0001477932-26-006598-index.htm)
- 8-K · filed 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1309082/000147793226006028/0001477932-26-006028-index.htm)
- 8-K · filed 2026-09-14 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1309082/000147793226005582/0001477932-26-005582-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/1309082/000147793226004996/0001477932-26-004996-index.htm)
- 8-K · filed 2026-06-04 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1309082/000147793226003650/0001477932-26-003650-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001309082.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1309082

## Cite

POPS4, Edgar & Edgarette: Viking Global Technologies, Inc. (VGTK) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/VGTK. 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.