EMPIRE PETROLEUM CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.2M | $43.7M | $40.1M | $52.9M | $27.1M | $7.7M | $5.9M | $465.5K |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $13.4M | $14.7M | $15.2M | $12.3M | $8.5M | $7.4M | $3.6M | $1.2M |
| Operating Income | $-71.3M | $-13.7M | $-11.6M | $8.8M | $-473.4K | $-17.6M | $-6.2M | $-915.9K |
| Operating Margin | -208.5% | -31.3% | -29.0% | 16.6% | -1.7% | -227.5% | -105.0% | -196.8% |
| Interest Expense | — | — | — | — | — | — | $-503.6K | $-101.2K |
| Pretax Income | $-72.1M | $-16.2M | $-12.6M | $7.3M | $-18.6M | — | — | — |
| Income Tax Expense | — | — | $-132.2K | $208.9K | — | — | — | — |
| Net Income | $-72.1M | $-16.2M | $-12.5M | $7.1M | $-18.6M | $-16.8M | $-6.7M | $-1.0M |
| Net Margin | -210.7% | -37.1% | -31.1% | 13.4% | -68.7% | -217.9% | -113.6% | -218.5% |
| EPS (Basic) | $-2.12 | $-0.54 | $-0.55 | $0.34 | $-1.27 | $-2.97 | $-0.33 | $-0.08 |
| EPS (Diluted) | $-2.12 | $-0.54 | $-0.55 | $0.30 | $-1.27 | $-2.97 | $-0.33 | $-0.08 |
| Shares Outstanding (Basic) | 34.1M | 30.1M | 22.7M | 21.0M | 14.6M | 6.2M | 20.4M | 17.3M |
| Shares Outstanding (Diluted) | 34.1M | 30.1M | 22.7M | 23.4M | 14.6M | 6.2M | 20.4M | 17.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |