Weathered boatBkv $BKV
Grew revenue 9.9% in FY2025 to $1.1 billion, operating margin 26.6% against a 16.8% median for crude petroleum & natural gas, equity 50.4% of assets.
Last filing10-Q, 5 Nov 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up BKV CORPORATION ($BKV). Last filing: 10-Q, 2026-11-05. 22 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $1.1B (FY2025), total debt $1.1B. Experience: revenue up 9.9% on the year, down 11.8% a year over 3 years; operating margin 26.6%, up from -6.2%. Soundness: equity 50.4% of assets, return on equity 9.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $899.8M and $1.4B next year (method v4.1: its own 3-year record of growth weighed at 40% against $1B–10B 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 $774.7M to $1.6B. A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin 26.6% against a 16.8% median; growth 9.9% against 7.8%.
Read from its own SEC filings · nothing written, nothing inferred
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $280M · −$576M · $463M · −$25M |
| Investment book (cash · short · long) | $248M · — · — · current ratio 0.91 |
| Revenue swing · equity of assets | 19.0% · 50.4% |
Bkv is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $1.1B |
| Revenue, on the year | 9.9% |
| Revenue, a year over the record | −11.8% |
| Operating margin | 26.6% |
| Operating margin, prior year | −6.2% |
| Net margin | 16.5% |
| Research and development | not filed separately |
| Total debt | $1.1B |
| Equity of assets | 50.4% |
| Return on equity | 9.5% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $2.05 |
| Book value per share | $22.87 |
| Revenue per share | $13.14 |
| Shares outstanding | 86,823,000 |
| Audited years read | 4 |
Peers: the median of 45 filers with $50M+ revenue in crude petroleum & natural gas.
Classic signals · fiscal 2025Altman Z″ 1.8 grey zone 1968Piotroski F 5 of 9 middling 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals -2.6% earnings backed by cash 1996DuPont ROE 10.8% = margin 16.5% × turns 0.32 × leverage 2.02
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborBkv sails as: Weathered boat
Health watch · 12 monthsDirector or officer change ×2
Sailing speed follows growth: -11.8% a year crosses the harbor in 115 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
- free cash flow was negative: capital spending outran operating cash (-$24.7M in FY2025)
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-11-05
- 8-K · 2026-11-05 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-07 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-25 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-14 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-10 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
Measured, not prophesiedSuccess tools: score it, compare it, see its fieldFour questions. Scored against the SEC filings of the companies in your field.
Each benchmark is the median of SEC filers in your industry code, from their own audited filings, read on the filing boards. Reporting, not investment advice.
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. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · Open in Excel (CSV) · Ten-year table (CSV) ·