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BKVNYSE60

BKV Corp

Oil & Gas Exploration and ProductionVerified
Score breakdown
Profitability+21Sentiment+12Risk penalty-6Missing signals-3
Quality breakdown
Key fields100Profile62Conclusion82AI synthesis40Observations33

BKV Corp (BKV) is currently classified as Oil & Gas within Oil & Gas Exploration and Production (Energy). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 3,129,707,000 USD, total equity 2,038,666,000, short-term debt 0, long-term debt 486,777,000. Net cash position is approximately -287,365,000 USD. Profitability profile: revenue 893,781,000, gross profit 0, operating income 217,613,000, net income 173,132,000. Return on equity ~8.5%. Return on assets ~5.5%. Operating-cash-flow to net-income ratio is 1.40. Risk profile from automated assessment: liquidity risk medium, dilution risk medium. Flags: Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk..

Profile
CompanyBKV Corp
ExchangeNYSE
TickerBKV
CIK0001838406
SICCrude Petroleum & Natural Gas
SectorEnergy
BusinessEnergy - Fossil Fuels
Industry groupEnergy - Fossil Fuels
IndustryOil & Gas Exploration and Production
AI analysis

Business. BKV Corp is classified under Energy / Oil & Gas Exploration and Production and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Oil & Gas Exploration and Production, Energy - Fossil Fuels, Energy.

BKV Corp (BKV) is currently classified as Oil & Gas within Oil & Gas Exploration and Production (Energy). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 3,129,707,000 USD, total equity 2,038,666,000, short-term debt 0, long-term debt 486,777,000. Net cash position is approximately -287,365,000 USD. Profitability profile: revenue 893,781,000, gross profit 0, operating income 217,613,000, net income 173,132,000. Return on equity ~8.5%. Return on assets ~5.5%. Operating-cash-flow to net-income ratio is 1.40. Risk profile from automated assessment: liquidity risk medium, dilution risk medium. Flags: Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk..
Key takeaways
  • Return on equity is about 8.5%.
  • Debt to equity is about 0.24x.
  • “ 2025 Equity Offering ” refers to the underwritten public offering of 6,900,000 shares of our common stock completed on December 3, 2025 for net proceeds of $170.1 million.
Financial snapshot
PeriodFY2025
CurrencyUSD
Revenue$893.8M
Gross profit
Operating income$217.6M
Net income$173.1M
R&D
SG&A$124.4M
D&A$159.0M
SBC$12.8M
Operating cash flow$242.7M
CapEx$300.2M
Free cash flow-$57.5M
Total assets$3.13B
Total liabilities$1.07B
Total equity$2.04B
Cash & equivalents$199.4M
Long-term debt$486.8M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY2025$893.8M$217.6M$173.1M-$57.5M
FY2024$604.5M-$154.8M-$142.9M
FY2025$604.5M-$154.8M-$142.9M$17.6M
FY2024$739.3M$157.6M$116.9M
FY2025$739.3M$157.6M$116.9M-$64.6M
PeriodGross %Op %Net %FCF %
FY2025
FY2024
FY2025
FY2024
FY2025
PeriodAssetsEquityCashDebt
FY2025$3.13B$2.04B$199.4M
FY2024$2.23B$1.56B$14.9M
FY2025$2.23B$1.56B$14.9M
FY2024$2.68B$1.29B$25.4M
FY2025$1.29B$25.4M
PeriodOCFCapExFCFSBC
FY2025$242.7M$300.2M-$57.5M$12.8M
FY2024$118.5M$16.3M
FY2025$118.5M$100.9M$17.6M$16.3M
FY2024$123.1M$25.8M
FY2025$123.1M$187.7M-$64.6M$25.8M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
Q3 2025$636.0M$117.0M$102.8M-$35.7M
Q2 2025$436.2M$34.7M$25.9M$91.3M
Q3 2025
Q1 2025$231.0M-$93.7M-$78.7M
PeriodGross %Op %Net %FCF %
Q3 2025
Q2 2025
Q3 2025
Q1 2025
PeriodAssetsEquityCashDebt
Q3 2025$2.89B$1.79B$83.1M
Q2 2025$2.30B$1.59B$21.4M
Q3 2025$1.59B
Q1 2025$2.25B$1.48B$15.3M
PeriodOCFCapExFCFSBC
Q3 2025$173.3M$209.0M-$35.7M$9.1M
Q2 2025$98.8M$7.5M$91.3M$6.1M
Q3 2025
Q1 2025$22.6M$2.1M
Valuation
Market price
Market cap
Enterprise value
P/E
Reported non-GAAP P/E
EV/Revenue
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book$2.04B
Net cash-$287.4M
Current ratio1.8
Debt/Equity0.2
ROA5.5%
ROE8.5%
Cash conversion1.4%
CapEx/Revenue33.6%
SBC/Revenue1.4%
Asset intensity
Dilution ratio-10.4%
Risk assessment
Dilution riskMedium
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
  • Source documents mention dilution or offering risk.
Industry benchmarks
Activity: Oil & Gas · cohort 184 companies
MetricBKVActivity
Op margin24.3%15.4% medp25 -3260.6% · p75 43.2%above median
Net margin19.4%24.1% medp25 -1.6% · p75 41.0%below median
Gross margin20.0% medp25 5.5% · p75 48.5%
R&D / revenue2.5% medp25 2.5% · p75 2.5%
CapEx / revenue33.6%-14.7% medp25 -50.8% · p75 -1.4%top quartile
Debt / equity24.0%37.1% medp25 26.9% · p75 69.5%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
SEC filingstype companyfacts · CIK 0001838406 · 263 us-gaap concepts
2026-05-01 15:41 UTC#ba785de4
Source: analysis-pipeline (hybrid)Generated: 2026-05-01 15:42 UTCJob: d18cf33c