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California Resources CRC CALIFORNIA — Net operating loss carryforwards

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Other financials

Income statement

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Revenue$119.0M-87.0%
Operating income-$711.0M-482%
Net income-$711.0M-718%
EPS (diluted)-$8.02-737%

Balance sheet

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Cash & equivalents$40.0M-81.3%
Total debt$1.4B+25.7%
Total equity$2.9B-17.0%
Total assets$7.1B+4.7%

Cash flow

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Operating cash flow$99.0M-46.8%
CapEx$131.0M+138%
Free cash flow-$32.0M-124%

Valuation

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Market cap$4.67B+7.3%
Enterprise value$6.01B+11.8%
P/S1.6×+0.6×

Profitability

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Operating margin-10.4%-32.6pp
Net margin-16.1%-29.8pp
FCF margin13.2%+0.8pp

Returns & leverage

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Return on equity-14.4%-32.3pp
Debt / equity0.5×+0.2×
Current ratio0.5×-0.3×

Where this comes from

Reported directly by California Resources in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: California Resources’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:35 PM EST
Fiscal year
FY2025
Accession
0001609253-26-000051

As of December 31, 2025, our California net operating loss carryforwards were $2 billion, which begins to expire in 2029, and our tax credit carryforwards were $21 million, which begin to expire in 2038. California has suspended the use of net operating loss carryforwards for tax years 2024 through 2026 and limited the amount of tax credits that may be claimed to $5 million per year for the same period.

ITEM 1C CYBERSECURITY

FAQ

What is California Resources's CALIFORNIA — net operating loss carryforwards?
California Resources (CRC) reported CALIFORNIA — net operating loss carryforwards of $2B in Q4 2025.
How has California Resources's CALIFORNIA — net operating loss carryforwards changed year-over-year?
California Resources's CALIFORNIA — net operating loss carryforwards decreased by 0.0% year-over-year, from $2B to $2B.
What does CALIFORNIA — net operating loss carryforwards mean?
Represents the cumulative amount of historical operating losses that can be applied to offset future taxable income within the California geographic segment. This metric is a critical indicator of potential future tax savings and the company's ability to shield earnings from income taxes. Investors monitor this to assess the long-term tax efficiency of the segment's operations.

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