Vivakor Inc. (NASDAQ: VIVK) reported revenue of $104.4 million for the twelve months ended December 31, 2025, representing a 16% increase from $89.8 million in the prior year, according to a company statement.

The energy services company posted gross profit of $37.7 million, up from $10.2 million in 2024. Gross margin expanded to 36.1% from 11.4% in the previous year. The company attributed the revenue increase to a full year of operations from its transportation and logistics segment following the October 2024 acquisition of the Endeavor Entities and the introduction of supply and trading activities during 2025.

Revenue breakdown included $23.2 million from transportation and logistics, $11.9 million from related party transportation and logistics operations, $3.4 million from terminaling and storage, $8.3 million from related party terminaling and storage, and $57.6 million from supply and trading activities.

The company reported an operating loss of $63.8 million for 2025, compared to $22.0 million in 2024. The increase was primarily driven by a $40.6 million non-cash goodwill impairment charge related to the divestiture of two subsidiaries deemed non-core to the company's strategic focus.

Net loss for 2025 reached $115.3 million, or $318.01 per share, compared to $23.0 million, or $151.32 per share, in 2024. Total assets stood at $113.5 million, with stockholders' equity of $37.2 million.

"2025 was a transformational year for Vivakor, marked by the integration of key midstream assets and the divestiture of non-core operations," said Chairman and CEO James Ballengee in the statement.

Vivakor provides energy transportation, storage, and remediation services and operates trucking services for oilfield operations in the continental United States.