Vivakor, Inc. (VIVK) Form 10-Q — Aug 19, 2026
Vivakor's 10-Q for the quarter ended June 30, 2026 carries explicit going-concern language: the company reported a working capital deficit of roughly $58 million, just $259,749 of cash including restricted funds, and about $24.3 million of debt due within a year, against an accumulated deficit of $215.3 million. Operationally, Q2 revenue rose 10.4% year over year to $32.1 million and the net loss narrowed to $2.8 million from $12.5 million, helped by a 44.9% jump in gross profit; however, first-half revenue fell 22.4% to $51.6 million following the July 2025 divestiture of Meridian Equipment Leasing and Equipment Transport.
Key figures
- Revenue
- 32117206
- Total Debt
- 29586208
- Debt Amount
- 15000000
- Revenue Yoy
- +10.37% (Q2 2026 vs Q2 2025)
- Total Assets
- 114413261
- Cash Position
- 256853
- Gross Proceeds
- 12000000
- Shares Outstanding
- 8183626
- H1 revenue
- 51575316
- Sepa capacity
- up to $100 million over 36 months
- H1 revenue yoy
- -22.37%
- H1 gross profit
- 12357529
- Q2 gross profit
- 6634299
- Unearned revenue
- 9107297
- May2026 notes oid
- $3.0 million (20%)
- Accumulated deficit
- 215320318
- Reverse split ratios
- ["1-for-200 (effective March 24, 2026)","1-for-20 (effective July 17, 2026)"]
- Q2 revenue prior year
- 29099446
- Customer concentration
- three customers (one related party) = 94.8% of Q2 and 92.4% of H1 revenue
- Finance leases current
- 9549265
- Q2 gross profit growth
- +44.86%
- Working capital deficit
- approximately $58 million
- Debt due within one year
- approximately $24.3 million
- May2026 conversion terms
- greater of $0.37 or 80% of lowest 5-day VWAP
- Cash including restricted
- 259749
- Related party receivables
- 10680036
- Total stockholders equity
- 36631964
- Post quarter note conversions
- $2,956,845 into 2,027,026 shares (May 2026 notes); $3,151,842.24 into 3,413,592 shares (J.J. Astor); $490,861 into 543,513 shares (ClearThink); $541,080 into 583,657 shares (ClearThink/RBW)
- Derivative liabilities current
- 6404425
- Shares outstanding jun 30 2026 split adjusted
- 511087
Price after filing
Close on the filing date to close N calendar days later (from $1.18). Historical, not a forecast.
AI analysis
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