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BKV BKV Total Operating Expenses

Discontinued — last reported Q4 '25

Total Operating Expenses at other companies

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$855.34M+9.9%

Other financials

Income statement

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Revenue$322.5M+20.0%
Operating income$121.7M-24.6%
Net income$75.8M-29.7%
EPS (diluted)$0.67-47.2%

Balance sheet

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Cash & equivalents$168.3M+60.1%
Total debt$1.2B+525%
Total equity$2.3B+44.5%
Total assets$4.2B+33.8%

Cash flow

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Operating cash flow$109.7M+22.9%
CapEx$86.8M+30.6%
Free cash flow-$34.5M+16.1%

Valuation

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Market cap$2.63B+53.3%
Enterprise value$3.71B+105%
P/E9.8×
P/S2.3×+0.3×

Profitability

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Operating margin33.8%+32.1pp
Net margin23.1%+21.3pp
FCF margin-4.4%

Returns & leverage

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Return on equity13.7%+12.6pp
Debt / equity0.5×+0.4×
Current ratio1.1×+0.6×

Where this comes from

Reported directly by BKV in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: BKV’s 10-K, filed March 6, 2026.

Filed
Mar 6, 2026, 4:44 PM EST
Fiscal year
FY2025
Accession
0001628280-26-015661
Line itemFor the Year Ended December 31, 2025For the Year Ended December 31, 2024For the Year Ended December 31, 2023
Depreciation, depletion, amortization, and accretion157,464217,533223,370
General and administrative124,355104,473114,688
Other54,89319,38512,625
Total operating expenses791,196735,782822,610
Income (loss) from operations217,613(154,801)157,620
Other income (expense)
Gains on contingent consideration liabilities9,67638,375
Earnings from equity affiliate14,89510,42316,865

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is BKV's total operating expenses?
BKV (BKV) reported total operating expenses of $229.47M in Q4 2025.
How has BKV's total operating expenses changed year-over-year?
BKV's total operating expenses increased by 30.3% year-over-year, from $176.05M to $229.47M.
What is the long-term trend for BKV's total operating expenses?
Over 2 years (2022 to 2025), BKV's total operating expenses has grown at a 4.4% compound annual growth rate (CAGR), from $725.96M to $791.2M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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