Financials in USD. Standardized financial statements.
A compact view of how Viper Energy, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.35B | $859.75M | $826.79M | $865.77M | $504.30M | $249.57M | $297.93M | $288.69M | $172.03M | $79.15M |
| Revenue Growth? | +56.6% | +4.0% | -4.5% | +71.7% | +102.1% | -16.2% | +3.2% | +67.8% | +117.4% | 0.0% |
| Cost of Revenue? | $701.00M | $275.29M | $196.52M | $177.44M | $135.54M | $120.34M | $97.25M | $77.88M | $51.13M | $35.36M |
| Gross Profit? | $645.00M | $584.45M | $630.27M | $688.32M | $368.75M | $129.22M | $200.67M | $210.81M | $120.91M | $43.78M |
| Gross Margin? | +47.9% | +68.0% | +76.2% | +79.5% | +73.1% | +51.8% | +67.4% | +73.0% | +70.3% | +55.3% |
| Operating Expenses? | $66.00M | $18.06M | $10.05M | $7.84M | $7.18M | $76.31M | $7.13M | $7.83M | $7.08M | $5.62M |
| Operating Income? | $579.00M | $566.40M | $620.22M | $680.48M | $361.57M | $52.91M | $193.54M | $202.99M | $113.82M | -$9.31M |
| EBITDA? | $1.19B | $792.20M | $740.80M | $783.42M | $395.23M | $82.55M | $278.88M | $261.82M | $154.34M | $21.38M |
| Income Before Tax | -$225.00M | $503.94M | $547.29M | $622.35M | $258.20M | -$50.95M | $179.63M | $190.51M | $111.48M | -$10.90M |
| Income Tax Expense | -$19.00M | -$99.71M | $45.95M | -$32.65M | $1.52M | $142.47M | -$41.58M | -$72.36M | $0 | $0 |
| Net Income? | -$68.00M | $359.25M | $200.09M | $151.67M | $57.94M | -$192.30M | $46.28M | $143.96M | $111.48M | -$10.90M |
| EPS? | $-0.48 | $3.82 | $2.69 | $2.00 | $0.85 | $-2.84 | $0.75 | $2.01 | $1.07 | $-0.13 |
| Diluted EPS? | $-0.48 | $3.82 | $2.69 | $2.00 | $0.85 | $-2.84 | $0.75 | $2.01 | $1.07 | $-0.13 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality