NYSE : VTS
Vitesse Energy, Inc. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 18.35 USD (Oct 30, 2026, 9:50 AM EDT) · Market cap 772.61M
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Financial statements
Vitesse Energy, Inc. (VTS) reported revenue of 258.95M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 258.95M | 250.63M | 220.50M | 212.28M | 257.80M | 181.51M |
| Cost of Revenue | 69.36M | 69.53M | 47.60M | 39.51M | 31.13M | 27.26M |
| Gross Profit | 189.59M | 181.10M | 172.90M | 172.77M | 226.66M | 154.25M |
| Selling, General & Admin | 26.61M | 28.91M | 23.51M | 23.93M | 19.83M | 11.40M |
| Other Operating Expenses | 23.31M | -27.93M | 2.35M | -12.48M | 30.83M | 131.78M |
| Operating Expenses | 193.02M | 140.64M | 134.28M | 125.43M | 103.63M | 239.72M |
| Operating Income | -3.43M | 40.46M | 38.62M | 47.34M | 123.04M | -85.48M |
| Interest Expense | -10.40M | -10.21M | -9.98M | -5.28M | -4.15M | -2.84M |
| Other Non Operating Income (Expenses) | 18.00K | 221.00K | 89.00K | 140.00K | 20.00K | 12.00K |
| EBT Excluding Unusual Items | -13.81M | 30.48M | 28.73M | 42.20M | 118.90M | -88.31M |
| Merger & Restructuring Charges | 2.40M | -2.50M | ||||
| Legal Settlements | 7.10M | |||||
| Pretax Income | -13.81M | 35.08M | 28.73M | 42.20M | 118.90M | -88.31M |
| Income Tax Expense | -2.56M | 9.80M | 7.67M | 61.95M | ||
| Net Income | -11.25M | 25.28M | 21.06M | -19.74M | 118.90M | -88.31M |
| Preferred Dividends & Other Adjustments | 1.83M | 118.90M | -88.31M | |||
| Net Income to Common | -11.25M | 25.28M | 21.06M | -21.58M | ||
| Shares Outstanding (Basic) | 40.12M | 37.65M | 30.04M | 29.56M | 438.62M | 438.62M |
| Shares Outstanding (Diluted) | 40.12M | 39.55M | 32.91M | 29.56M | 438.62M | 438.62M |
| EPS (Basic) | -0.28 | 0.67 | 0.70 | -0.73 | ||
| EPS (Diluted) | -0.28 | 0.64 | 0.64 | -0.73 | -0.24 | |
| Free Cash Flow | 34.69M | 42.69M | 39.68M | 21.28M | 62.46M | 102.77M |
| Free Cash Flow Per Share | 0.86 | 1.08 | 1.21 | 0.72 | 0.14 | 0.23 |
| Dividend Per Share | 2.00 | 2.25 | 2.08 | 2.00 | 0.50 | |
| Gross Margin | 73.22% | 72.26% | 78.41% | 81.39% | 87.92% | 84.98% |
| Operating Margin | -1.32% | 16.14% | 17.52% | 22.30% | 47.73% | -47.09% |
| Profit Margin | -4.34% | 10.08% | 9.55% | -10.16% | ||
| Free Cash Flow Margin | 13.40% | 17.03% | 18.00% | 10.02% | 24.23% | 56.62% |
| EBITDA | 130.84M | 169.87M | 138.93M | 129.08M | 186.77M | -20.47M |
| EBITDA Margin | 50.53% | 67.78% | 63.01% | 60.81% | 72.45% | -11.28% |
| D&A For EBITDA | 134.27M | 129.41M | 100.31M | 81.75M | 63.73M | 65.00M |
| EBIT | -3.43M | 40.46M | 38.62M | 47.34M | 123.04M | -85.48M |
| EBIT Margin | -1.32% | 16.14% | 17.52% | 22.30% | 47.73% | -47.09% |
| Effective Tax Rate | 27.93% | 26.70% | 146.78% | |||
| Revenue as Reported | 284.48M | 273.99M | 242.00M | 233.91M | 281.89M | 197.59M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 884.00K | 1.33M | 2.97M | 552.00K | 10.01M | 5.36M |
| Cash & Short-Term Investments | 884.00K | 1.33M | 2.97M | 552.00K | 10.01M | 5.36M |
| Receivables | 52.43M | 30.62M | 39.79M | 44.91M | 41.39M | 30.63M |
| Prepaid Expenses | 3.27M | 5.97M | 4.31M | 2.84M | 841.00K | 138.00K |
| Other Current Assets | 1.77M | 14.25M | 3.84M | 10.04M | 2.11M | |
| Total Current Assets | 58.35M | 52.17M | 50.91M | 58.35M | 54.35M | 36.12M |
| Property, Plant & Equipment | 849.74M | 838.15M | 756.56M | 704.73M | 603.09M | 574.96M |
| Other Long-Term Assets | 15.55M | 3.03M | 3.42M | 2.89M | 3.04M | 443.00K |
| Total Assets | 923.65M | 893.35M | 810.89M | 765.97M | 660.48M | 611.53M |
| Accounts Payable | 11.83M | 11.80M | 34.32M | 27.69M | 7.21M | 7.94M |
| Accrued Expenses | 13.14M | 14.13M | 10.57M | 7.74M | 10.16M | 5.92M |
| Current Portion of Leases | 327.00K | 307.00K | 204.00K | 184.00K | 306.00K | |
| Other Current Liabilities | 29.91M | 25.01M | 55.44M | 24.77M | 19.13M | 26.16M |
| Total Current Liabilities | 55.22M | 51.25M | 100.33M | 60.40M | 36.68M | 40.33M |
| Long-Term Debt | 158.50M | 124.50M | 117.00M | 81.00M | 48.00M | 68.00M |
| Long-Term Leases | 4.53M | 4.80M | 194.00K | |||
| Long-Term Deferred Tax Liabilities | 64.80M | 67.49M | 72.00M | 64.33M | ||
| Other Long-Term Liabilities | 21.20M | 16.26M | 16.43M | 13.83M | 11.38M | 22.93M |
| Total Liabilities | 299.72M | 264.03M | 310.56M | 219.56M | 96.06M | 131.45M |
| Common Stock | 428.00K | 406.00K | 326.00K | 328.00K | 564.42M | 480.07M |
| Additional Paid-In Capital | 634.74M | 630.96M | 505.13M | 567.65M | ||
| Retained Earnings | -11.25M | -2.05M | -5.12M | -21.58M | ||
| Shareholders' Equity | 623.92M | 629.32M | 500.33M | 546.41M | 564.42M | 480.07M |
| Total Liabilities & Equity | 923.65M | 893.35M | 810.89M | 765.97M | 660.48M | 611.53M |
| Total Debt | 158.83M | 129.34M | 121.80M | 81.20M | 48.18M | 68.50M |
| Net Cash (Debt) | -157.94M | -128.01M | -118.83M | -80.65M | -38.18M | -63.14M |
| Net Cash Per Share | -3.94 | -3.24 | -3.61 | -2.73 | -0.09 | -0.14 |
| Filing Date Shares Outstanding | 42.10M | 39.78M | 38.58M | 29.45M | 28.52M | 438.62M |
| Total Common Shares Outstanding | 42.80M | 40.62M | 32.65M | 32.81M | 438.62M | |
| Working Capital | 3.14M | 916.00K | -49.42M | -2.06M | 17.67M | -4.21M |
| Book Value Per Share | 14.58 | 15.49 | 15.32 | 16.65 | 1.09 | |
| Tangible Book Value | 623.92M | 629.32M | 500.33M | 546.41M | 564.42M | 480.07M |
| Tangible Book Value Per Share | 14.58 | 15.49 | 15.32 | 16.65 | 1.09 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -11.25M | 25.28M | 21.06M | -19.74M | 118.90M | -88.31M |
| Depreciation & Amortization | 134.27M | 129.41M | 100.31M | 81.75M | 63.73M | 65.00M |
| Other Amortization | 908.00K | 860.00K | 792.00K | 655.00K | 472.00K | 324.00K |
| Stock-Based Compensation | 8.83M | 10.25M | 8.11M | 32.23M | -10.77M | 31.54M |
| Other Operating Activities | 7.46M | -1.02M | 15.09M | 50.63M | -16.29M | 111.68M |
| Change in Accounts Receivable | -5.48M | 14.06M | 5.13M | -810.00K | -10.76M | 15.96M |
| Change in Accounts Payable | -2.52M | -4.91M | 2.71M | 2.41M | -147.00K | 8.03M |
| Change in Other Net Operating Assets | 4.09M | -3.58M | 1.81M | -5.17M | 1.91M | 6.01M |
| Operating Cash Flow | 136.31M | 170.35M | 155.00M | 141.94M | 147.04M | 150.24M |
| Capital Expenditures | -101.63M | -127.66M | -115.32M | -120.67M | -84.58M | -47.47M |
| Investing Cash Flow | -100.93M | -127.66M | -115.32M | -120.67M | -84.58M | -47.47M |
| Long-Term Debt Issued | 73.00M | 57.50M | 59.00M | 16.00M | ||
| Long-Term Debt Repaid | -65.50M | -21.50M | -31.00M | -36.00M | ||
| Net Debt Issued (Repaid) | 52.50M | 7.50M | 36.00M | 28.00M | -20.00M | |
| Repurchase of Common Stock | -1.00K | -9.16M | -7.49M | -248.00K | ||
| Common Dividends Paid | -88.43M | -92.13M | -63.56M | -58.00M | -36.00M | -72.00M |
| Other Financing Activities | -527.00K | 49.47M | -2.22M | -484.00K | -1.81M | -108.00K |
| Financing Cash Flow | -36.46M | -44.33M | -37.27M | -30.73M | -57.81M | -72.11M |
| Net Cash Flow | -1.08M | -1.64M | 2.42M | -9.46M | 4.65M | 30.66M |
| Free Cash Flow | 34.69M | 42.69M | 39.68M | 21.28M | 62.46M | 102.77M |
| Free Cash Flow Margin | 13.40% | 17.03% | 18.00% | 10.02% | 24.23% | 56.62% |
| Free Cash Flow Per Share | 0.86 | 1.08 | 1.21 | 0.72 | 0.14 | 0.23 |
| Levered Free Cash Flow | 25.40M | -20.52M | 61.77M | 30.51M | 26.05M | |
| Unlevered Free Cash Flow | 31.00M | -15.00M | 67.22M | 33.15M | 28.17M | |
| Cash Interest Paid | 7.81M | 9.35M | 9.04M | 4.73M | 3.60M | 2.18M |
| Cash Income Tax Paid | 1.29M | |||||
| Change in Working Capital | -3.91M | 5.57M | 9.65M | -3.58M | -9.01M | 30.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 770.51M | 782.25M | 738.59M | 630.16M | ||
| Enterprise Value | 928.45M | 890.68M | 841.16M | 684.41M | ||
| Last Close Price | 18.30 | 17.92 | 21.13 | 17.01 | ||
| PE Ratio | 30.95 | 35.07 | ||||
| Forward PE | 406.67 | 110.06 | 15.27 | 9.63 | ||
| PS Ratio | 2.98 | 3.12 | 3.35 | 2.97 | ||
| PB Ratio | 1.26 | 1.24 | 1.48 | 1.15 | ||
| P/TBV Ratio | 1.23 | 1.24 | 1.48 | 1.15 | ||
| P/FCF Ratio | 22.21 | 18.32 | 18.61 | 29.62 | ||
| P/OCF Ratio | 5.65 | 4.59 | 4.76 | 4.44 | ||
| EV/Sales Ratio | 3.59 | 3.55 | 3.81 | 3.22 | ||
| EV/EBITDA Ratio | 7.10 | 5.24 | 6.05 | 5.30 | ||
| EV/EBIT Ratio | 22.01 | 21.78 | 14.46 | |||
| EV/FCF Ratio | 26.77 | 20.86 | 21.20 | 32.17 | ||
| Debt / Equity Ratio | 0.26 | 0.21 | 0.24 | 0.15 | 0.09 | 0.14 |
| Debt / EBITDA Ratio | 1.20 | 0.76 | 0.87 | 0.63 | 0.26 | |
| Debt / FCF Ratio | 4.58 | 3.03 | 3.07 | 3.82 | 0.77 | 0.67 |
| Net Debt / Equity Ratio | 0.25 | 0.20 | 0.24 | 0.15 | 0.07 | 0.13 |
| Net Debt / EBITDA Ratio | 1.21 | 0.75 | 0.85 | 0.62 | 0.20 | -3.08 |
| Net Debt / FCF Ratio | 4.55 | 3.00 | 3.00 | 3.79 | 0.61 | 0.61 |
| Asset Turnover | 0.28 | 0.29 | 0.28 | 0.30 | 0.41 | |
| Quick Ratio | 0.97 | 0.62 | 0.43 | 0.75 | 1.40 | 0.89 |
| Current Ratio | 1.06 | 1.02 | 0.51 | 0.97 | 1.48 | 0.90 |
| Return on Equity (ROE) | -1.74% | 4.47% | 4.02% | -3.55% | 22.77% | |
| Return on Assets (ROA) | -0.23% | 2.97% | 3.06% | 4.15% | 12.09% | |
| Return on Invested Capital (ROIC) | -0.46% | 4.24% | 4.54% | -3.60% | 21.48% | -15.12% |
| Return on Capital Employed (ROCE) | -0.40% | 4.80% | 5.40% | 6.70% | 19.70% | -15.00% |
| Earnings Yield | -1.53% | 3.23% | 2.85% | -3.13% | ||
| FCF Yield | 4.50% | 5.46% | 5.37% | 3.38% | ||
| Dividend Yield | 9.56% | 11.68% | 9.17% | 10.41% | ||
| Payout Ratio | 364.49% | 301.80% | 30.28% | |||
| Buyback Yield / Dilution | -13.22% | -20.19% | -11.34% | 93.26% | ||
| Total Shareholder Return | -3.66% | -8.51% | -2.17% | 103.68% |