BKV Corporation (BKV) Stock Analysis
Energy · Oil & Gas E&P · NYSE
BKV Corporation (BKV) posted $893.78M in revenue for fiscal 2025 (up 51.4% year over year), at a 19.4% net margin, and has compounded revenue about -18.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on BKV Corporation
BKV Corporation has grown revenue from $1.66B to $893.78M over the last 4 fiscal years, compounding about -18.7% a year. The most recent year was up 51.4%, so growth is actually accelerating.
Net margin sits at 19.4%, up 43.6 points year over year on a 82.4% gross margin. It carries about $486.78M of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from BKV Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
BKV Corporation revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.66B | $738.58M | $590.51M | $893.78M |
| Gross profit | $1.54B | $515.21M | $372.98M | $736.32M |
| Net income | $410.14M | $116.92M | $-142.87M | $173.13M |
| Net margin | 24.7% | 15.8% | -24.2% | 19.4% |
Source: BKV Corporation SEC filings (10-K).
BKV Corporation: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 70.1% while revenue rose 51.4% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Share count rising (dilution)Shares outstanding grew 15.2% over 3 years (84.1M → 96.9M) — existing holders' stakes are being diluted.
- Net margin shrinkingNet margin fell from 24.7% to 19.4% over ~3 years — profitability is compressing.
Explore 4 years of BKV Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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BKV Corporation financial history by metric
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About BKV Corporation
BKV Corporation produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania. It is also involved in the gathering, processing, and transportation of natural gas; power generation; and carbon capture, utilization, and sequestration activities. The company was founded in 2015 and is headquartered in Denver, Colorado. BKV Corporation operates as a subsidiary of Banpu North America Corporation.
BKV Corporation — frequently asked questions
What is BKV Corporation's revenue?
BKV Corporation (BKV) reported revenue of $893.78M for fiscal year 2025, up 51.4% from the prior year, according to its SEC filings.
Is BKV Corporation profitable?
Yes. BKV earned net income of $173.13M in fiscal 2025, a net margin of 19.4%.
What is BKV's P/E ratio?
BKV Corporation trades at a price-to-earnings ratio of about 7.6 based on the latest data in our nightly-refreshed cache.
How fast is BKV Corporation growing?
BKV's revenue grew at roughly -18.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does BKV Corporation have?
As of fiscal year 2025, BKV carried roughly $486.78M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is BKV Corporation's gross margin?
BKV's gross margin was 82.4% in fiscal 2025 — gross profit of $736.32M on revenue of $893.78M.
What is BKV Corporation's market cap?
BKV Corporation (BKV) has a market capitalization of about $2.78B, based on the latest data in our nightly-refreshed cache.
When does BKV Corporation's fiscal year end?
BKV's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from BKV Corporation's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.