{ "ok": true, "cik": "1450704", "ticker": "VIVK", "name": "VIVAKOR, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-30", "items": [ "1.01 Entry into a Material Definitive Agreement", "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626010624/0001829126-26-010624-index.htm" }, { "form": "8-K", "filed": "2026-09-09", "items": [ "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626009949/0001829126-26-009949-index.htm" }, { "form": "10-Q", "filed": "2026-08-19", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626009067/0001829126-26-009067-index.htm" }, { "form": "8-K", "filed": "2026-08-13", "items": [ "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626008777/0001829126-26-008777-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "3.02 Unregistered Sales of Equity Securities" ], "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626008337/0001829126-26-008337-index.htm" }, { "form": "8-K", "filed": "2026-07-27", "items": [ "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626007892/0001829126-26-007892-index.htm" } ], "events12m": 44, "healthWatch": { "window": "last 12 months", "since": "2025-10-01", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-31", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626002909/0001829126-26-002909-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 3, "latest": { "filed": "2026-04-28", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626004048/0001829126-26-004048-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 3, "latest": { "filed": "2026-08-14", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626008899/0001829126-26-008899-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-09-30", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626010624/0001829126-26-010624-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001450704.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1450704" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up VIVAKOR, INC. ($VIVK). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-30. 44 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 104418809, "revenueGrowth1y": 0.162647448136781, "revenueGrowthPerYear": 2.129642692096491, "yearsOfData": 5, "operatingMargin": -0.6112684832480707, "operatingMarginPrior": -0.24490579352873873, "netMargin": -1.0557191664578363, "operatingCashFlow": -15780294, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 265019, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1088428 }, { "fiscalYearEnd": "2022-12-31", "revenue": 28107223 }, { "fiscalYearEnd": "2023-12-31", "revenue": 59321752 }, { "fiscalYearEnd": "2024-12-31", "revenue": 89811240 }, { "fiscalYearEnd": "2025-12-31", "revenue": 104418809 } ], "totalEquity": 41312933, "totalAssets": 113492931, "equityRatio": 0.3640132705710103, "returnOnEquity": -2.6683396698075152, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -318.01, "sharesOutstanding": 362628, "bookValuePerShare": 113.92648388982649, "revenuePerShare": 287.9502106842274, "range80": { "low": 99548345.63723549, "high": 194813405.94875565, "baseline": 141561491.1248612, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.4, "growthYears": 3, "ownVolatility": 0.2987738870653232, "classVolatility": 0.1022985825903761, "volatility": 0.2049032313967962 }, "ifPaceHeld": { "low": 99548345.63723549, "high": 194813405.94875565 } }, "edgarette": "🔖 Exposure: revenue $104.4M (FY2025). Experience: revenue up 16.3% on the year, up 213.0% a year over 4 years; operating margin -61.1%, down from -24.5%. Soundness: equity 36.4% of assets, return on equity -266.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $99.5M and $194.8M next year (method v4.1: its own 3-year record of growth weighed at 40% 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 $84.0M to $232.5M. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, its industry group): operating margin -61.1% against a 3.5% median; growth 16.3% against 4.3%.", "peers": { "sic": 4953, "sicDescription": "Refuse Systems", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "495", "growth": [ 0.0433, 9 ], "opMargin": [ 0.0347, 9 ], "equityRatio": [ 0.364, 9 ], "returnOnEquity": [ 0.0084, 9 ] }, "summary": "Vivakor (VIVK) grew revenue 16.3% in FY2025 to $104 million, operating margin -61.1% against a 3.5% median for refuse systems, equity 36.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
VIVAKOR, INC. against its own record and its peers
Operating marginPeer median 3.5%-61.1%Revenue, on the yearPeer median 4.3%16.3%Equity of assetsPeer median 36.4%36.4%Return on equityPeer median 0.8%-266.8%Gold tick: the median of 9–9 peers with $50M+ revenue in refuse systems
", "chartHorizon": null, "backtest": { "tests": 2, "hits": 1, "rate": 0.5, "method": "v4", "byYear": { "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-10-01T14:01:11.783Z", "hash": "0e5552171ede034f", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Vivakor (VIVK) grew revenue 16.3% in FY2025 to $104 million, operating margin -61.1% against a 3.5% median for refuse systems, equity 36.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 104418809, "totalDebt": null, "cash": 265019 }, "experience": { "revenueGrowth1y": 0.162647448136781, "revenueGrowthPerYear": 2.129642692096491, "operatingMargin": -0.6112684832480707, "operatingMarginPrior": -0.24490579352873873, "netMargin": -1.0557191664578363, "freeCashFlow": null }, "soundness": { "equityRatio": 0.3640132705710103, "returnOnEquity": -2.6683396698075152, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4953, "sicDescription": "Refuse Systems", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "495", "growth": [ 0.0433, 9 ], "opMargin": [ 0.0347, 9 ], "equityRatio": [ 0.364, 9 ], "returnOnEquity": [ 0.0084, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-10-01", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-31", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626002909/0001829126-26-002909-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 3, "latest": { "filed": "2026-04-28", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626004048/0001829126-26-004048-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 3, "latest": { "filed": "2026-08-14", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626008899/0001829126-26-008899-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-09-30", "url": "https://www.sec.gov/Archives/edgar/data/1450704/000182912626010624/0001829126-26-010624-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 99548345.63723549, "high": 194813405.94875565, "baseline": 141561491.1248612, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341, "coverageAllYears": 0.6904374799277399, "stressCoverageAllYears": 0.819004992974709, "outcomeYears": [ 2019, 2025 ] }, "credibility": { "weightOnOwnRecord": 0.4, "growthYears": 3, "ownVolatility": 0.2987738870653232, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.2049032313967962, "k": 3 }, "stress": { "low": 83997757.97511262, "high": 232459801.76121178, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 2, "hits": 1, "rate": 0.5, "method": "v4", "byYear": { "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-10-01T14:01:11.783Z", "hash": "0e5552171ede034f", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001450704.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1450704" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.1511, "growth3y": 0.5488, "volatility": 0.2988, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.364, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "notyet", "inside": "Turns -15.1% of revenue into operating cash; revenue growing 54.9% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 10th percentile for cash, 94th for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$100M-1B", "cashPctInClass": 10, "growthPctInClass": 94, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, late quarterly report notice in the last 12 months" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±32%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -15780294, "investing": 1671926, "financing": 12527272, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -2901696, "free": -7137972 }, { "fiscalYearEnd": "2022-12-31", "operating": -4143296, "free": -6634471 }, { "fiscalYearEnd": "2023-12-31", "operating": -764902, "free": -4085820 }, { "fiscalYearEnd": "2024-12-31", "operating": 1810827, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": -15780294, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 265019, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 113492931, "ladder": null, "currentRatio": 0.13, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.1511, "growth3y": 0.5488, "volatility": 0.2988, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.364, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "notyet", "inside": "Turns -15.1% of revenue into operating cash; revenue growing 54.9% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 10th percentile for cash, 94th for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$100M-1B", "cashPctInClass": 10, "growthPctInClass": 94, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, late quarterly report notice in the last 12 months" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±32%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -15780294, "investing": 1671926, "financing": 12527272, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -2901696, "free": -7137972 }, { "fiscalYearEnd": "2022-12-31", "operating": -4143296, "free": -6634471 }, { "fiscalYearEnd": "2023-12-31", "operating": -764902, "free": -4085820 }, { "fiscalYearEnd": "2024-12-31", "operating": 1810827, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": -15780294, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 265019, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 113492931, "ladder": null, "currentRatio": 0.13, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }