$VIVKJun 9, 2026, 4:49 PMAI processed
VIVK Q1 2026: Revenue down to $19.5M but gross margin jumps to 29.4%, net loss narrows
AI Summary
Vivakor (VIVK) reported Q1 2026 revenue of $19.5M (vs $37.3M a year ago) after divesting non-core assets, while gross profit rose 20% to $5.7M and gross margin improved to 29.4%. Operating expenses fell to $8.1M, net loss narrowed to $4.6M, and Supply & Trading generated $13.6M, highlighting a shift to higher-margin midstream and trading operations.
Positives
- Gross margin improved to 29.4% (from 12.7% prior year)
- Gross profit increased 20% to $5.7 million
- Operating expenses declined to $8.1 million, helping reduce net loss to $4.6 million
Negatives
- Revenue nearly halved year-over-year to $19.5 million (from $37.3M) due to divestitures
- Company remains unprofitable with a $4.6M net loss in the quarter
- Revenue concentration: Supply & Trading contributed $13.6M and related-party contracts accounted for ~$5.3M