BKV share price today
BKV Corporation · BKV · Energy · Oil & Gas Exploration & Production · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists
BKV share price: $19.10 at the close on 4 November 2026, −24.8% in a year.
BKV Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.
Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high.
The price has been moving sideways for 18 weeks. Over the last four quarters, results have been mixed, and 125% of the last 3 years' profit came in as cash. What will decide it: the next one or two quarters of results.
What is the BKV share price today?
BKV Corporation's share price was $19.10 at the close on 4 November 2026. It has been moving sideways for 18 weeks. That is 27.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between $19 and $31, and at that close it was at the low of that range.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today BKV Corporation is in stage 1. The phase helps read everything below.
Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 27 weeks running.
1Y
Nov 2026: $19.10, 27.9% below its 200-day average. The price has been moving sideways for 18 weeks.
- Price $19.10
- 50-day avg $22.88
- 200-day avg $26.48
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 31 Oct 2025 | $23.59 | $22.23 | $21.61 |
| 7 Nov 2025 | $25.39 | $22.42 | $21.60 |
| 14 Nov 2025 | $27.95 | $22.83 | $21.65 |
| 21 Nov 2025 | $25.98 | $23.29 | $21.70 |
| 28 Nov 2025 | $27.61 | $23.64 | $21.74 |
| 5 Dec 2025 | $29.00 | $24.22 | $21.84 |
| 12 Dec 2025 | $28.38 | $24.72 | $22.00 |
| 19 Dec 2025 | $26.73 | $24.98 | $22.18 |
| 26 Dec 2025 | $27.27 | $25.49 | $22.35 |
| 2 Jan 2026 | $27.44 | $26.03 | $22.50 |
| 9 Jan 2026 | $25.80 | $26.61 | $22.63 |
| 16 Jan 2026 | $26.25 | $26.83 | $22.75 |
| 23 Jan 2026 | $28.17 | $27.06 | $22.93 |
| 30 Jan 2026 | $29.75 | $27.25 | $23.25 |
| 6 Feb 2026 | $30.31 | $27.54 | $23.54 |
| 13 Feb 2026 | $30.55 | $27.92 | $23.85 |
| 20 Feb 2026 | $31.42 | $28.09 | $24.09 |
| 27 Feb 2026 | $31.33 | $28.27 | $24.36 |
| 6 Mar 2026 | $30.74 | $28.75 | $24.58 |
| 13 Mar 2026 | $28.75 | $28.89 | $24.76 |
| 20 Mar 2026 | $29.10 | $29.09 | $24.93 |
| 27 Mar 2026 | $29.94 | $29.47 | $25.11 |
| 2 Apr 2026 | $27.63 | $29.58 | $25.21 |
| 10 Apr 2026 | $28.18 | $29.51 | $25.30 |
| 17 Apr 2026 | $27.75 | $29.31 | $25.38 |
| 24 Apr 2026 | $29.08 | $29.10 | $25.53 |
| 1 May 2026 | $31.32 | $29.13 | $25.73 |
| 8 May 2026 | $27.80 | $29.13 | $25.96 |
| 15 May 2026 | $28.51 | $28.84 | $26.16 |
| 22 May 2026 | $28.29 | $28.78 | $26.37 |
| 29 May 2026 | $26.54 | $28.62 | $26.50 |
| 5 Jun 2026 | $25.95 | $28.35 | $26.63 |
| 12 Jun 2026 | $25.06 | $28.00 | $26.70 |
| 18 Jun 2026 | $24.55 | $27.72 | $26.72 |
| 26 Jun 2026 | $25.95 | $27.57 | $26.82 |
| 2 Jul 2026 | $27.35 | $27.52 | $26.92 |
| 10 Jul 2026 | $25.30 | $27.26 | $27.03 |
| 17 Jul 2026 | $25.95 | $26.68 | $27.10 |
| 24 Jul 2026 | $25.54 | $26.41 | $27.15 |
| 31 Jul 2026 | $24.46 | $25.94 | $27.19 |
| 7 Aug 2026 | $24.46 | $25.54 | $27.27 |
| 14 Aug 2026 | $26.73 | $25.49 | $27.41 |
| 21 Aug 2026 | $24.20 | $25.48 | $27.48 |
| 28 Aug 2026 | $24.23 | $25.46 | $27.47 |
| 4 Sep 2026 | $26.06 | $25.45 | $27.42 |
| 11 Sep 2026 | $24.23 | $25.32 | $27.40 |
| 18 Sep 2026 | $22.97 | $24.97 | $27.31 |
| 25 Sep 2026 | $21.81 | $24.69 | $27.18 |
| 2 Oct 2026 | $21.57 | $24.24 | $27.01 |
| 9 Oct 2026 | $24.24 | $24.14 | $26.93 |
| 16 Oct 2026 | $22.93 | $24.09 | $26.83 |
| 23 Oct 2026 | $20.36 | $23.69 | $26.70 |
| 30 Oct 2026 | $20.93 | $23.15 | $26.58 |
| 4 Nov 2026 | $19.10 | $22.88 | $26.48 |
3Y
Nov 2026: $19.10, 27.9% below its 200-day average. The price has been moving sideways for 18 weeks.
- Price $19.10
- 50-day avg $22.88
- 200-day avg $26.48
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 27 Sep 2024 | $18.05 | – | – |
| 4 Oct 2024 | $18.05 | – | – |
| 11 Oct 2024 | $18.19 | – | – |
| 18 Oct 2024 | $18.45 | – | – |
| 25 Oct 2024 | $18.05 | – | – |
| 1 Nov 2024 | $17.64 | – | – |
| 8 Nov 2024 | $19.50 | – | – |
| 15 Nov 2024 | $20.61 | – | – |
| 22 Nov 2024 | $21.93 | – | – |
| 29 Nov 2024 | $21.96 | – | – |
| 6 Dec 2024 | $21.67 | $19.40 | – |
| 13 Dec 2024 | $23.25 | $19.86 | – |
| 20 Dec 2024 | $21.69 | $20.29 | – |
| 27 Dec 2024 | $22.53 | $20.63 | – |
| 3 Jan 2025 | $23.68 | $21.06 | – |
| 10 Jan 2025 | $24.45 | $21.52 | – |
| 17 Jan 2025 | $24.38 | $22.14 | – |
| 24 Jan 2025 | $26.49 | $22.70 | – |
| 31 Jan 2025 | $24.50 | $23.10 | – |
| 7 Feb 2025 | $24.08 | $23.40 | – |
| 14 Feb 2025 | $23.66 | $23.64 | – |
| 21 Feb 2025 | $23.35 | $23.84 | – |
| 28 Feb 2025 | $20.19 | $23.73 | – |
| 7 Mar 2025 | $18.22 | $23.36 | – |
| 14 Mar 2025 | $20.02 | $23.01 | – |
| 21 Mar 2025 | $20.76 | $22.74 | – |
| 28 Mar 2025 | $20.74 | $22.41 | – |
| 4 Apr 2025 | $17.11 | $21.92 | – |
| 11 Apr 2025 | $16.54 | $21.05 | – |
| 17 Apr 2025 | $17.52 | $20.47 | – |
| 25 Apr 2025 | $18.42 | $19.86 | – |
| 2 May 2025 | $18.60 | $19.27 | – |
| 9 May 2025 | $20.47 | $18.93 | – |
| 16 May 2025 | $22.25 | $19.25 | – |
| 23 May 2025 | $21.66 | $19.54 | – |
| 30 May 2025 | $21.50 | $19.64 | – |
| 6 Jun 2025 | $22.54 | $19.76 | – |
| 13 Jun 2025 | $23.32 | $19.94 | – |
| 20 Jun 2025 | $24.17 | $20.48 | – |
| 27 Jun 2025 | $24.51 | $21.22 | – |
| 3 Jul 2025 | $22.75 | $21.66 | – |
| 11 Jul 2025 | $22.68 | $22.07 | – |
| 18 Jul 2025 | $22.14 | $22.48 | $21.22 |
| 25 Jul 2025 | $19.68 | $22.44 | $21.27 |
| 1 Aug 2025 | $19.98 | $22.26 | $21.33 |
| 8 Aug 2025 | $20.00 | $22.11 | $21.38 |
| 15 Aug 2025 | $21.42 | $22.04 | $21.45 |
| 22 Aug 2025 | $22.81 | $21.98 | $21.55 |
| 29 Aug 2025 | $23.31 | $21.90 | $21.66 |
| 5 Sep 2025 | $21.89 | $21.77 | $21.69 |
| 12 Sep 2025 | $22.10 | $21.60 | $21.72 |
| 19 Sep 2025 | $21.37 | $21.55 | $21.72 |
| 26 Sep 2025 | $23.95 | $21.57 | $21.74 |
| 3 Oct 2025 | $24.02 | $21.89 | $21.77 |
| 10 Oct 2025 | $20.43 | $22.15 | $21.78 |
| 17 Oct 2025 | $20.24 | $22.21 | $21.74 |
| 24 Oct 2025 | $20.45 | $22.19 | $21.67 |
| 31 Oct 2025 | $23.59 | $22.23 | $21.61 |
| 7 Nov 2025 | $25.39 | $22.42 | $21.60 |
| 14 Nov 2025 | $27.95 | $22.83 | $21.65 |
| 21 Nov 2025 | $25.98 | $23.29 | $21.70 |
| 28 Nov 2025 | $27.61 | $23.64 | $21.74 |
| 5 Dec 2025 | $29.00 | $24.22 | $21.84 |
| 12 Dec 2025 | $28.38 | $24.72 | $22.00 |
| 19 Dec 2025 | $26.73 | $24.98 | $22.18 |
| 26 Dec 2025 | $27.27 | $25.49 | $22.35 |
| 2 Jan 2026 | $27.44 | $26.03 | $22.50 |
| 9 Jan 2026 | $25.80 | $26.61 | $22.63 |
| 16 Jan 2026 | $26.25 | $26.83 | $22.75 |
| 23 Jan 2026 | $28.17 | $27.06 | $22.93 |
| 30 Jan 2026 | $29.75 | $27.25 | $23.25 |
| 6 Feb 2026 | $30.31 | $27.54 | $23.54 |
| 13 Feb 2026 | $30.55 | $27.92 | $23.85 |
| 20 Feb 2026 | $31.42 | $28.09 | $24.09 |
| 27 Feb 2026 | $31.33 | $28.27 | $24.36 |
| 6 Mar 2026 | $30.74 | $28.75 | $24.58 |
| 13 Mar 2026 | $28.75 | $28.89 | $24.76 |
| 20 Mar 2026 | $29.10 | $29.09 | $24.93 |
| 27 Mar 2026 | $29.94 | $29.47 | $25.11 |
| 2 Apr 2026 | $27.63 | $29.58 | $25.21 |
| 10 Apr 2026 | $28.18 | $29.51 | $25.30 |
| 17 Apr 2026 | $27.75 | $29.31 | $25.38 |
| 24 Apr 2026 | $29.08 | $29.10 | $25.53 |
| 1 May 2026 | $31.32 | $29.13 | $25.73 |
| 8 May 2026 | $27.80 | $29.13 | $25.96 |
| 15 May 2026 | $28.51 | $28.84 | $26.16 |
| 22 May 2026 | $28.29 | $28.78 | $26.37 |
| 29 May 2026 | $26.54 | $28.62 | $26.50 |
| 5 Jun 2026 | $25.95 | $28.35 | $26.63 |
| 12 Jun 2026 | $25.06 | $28.00 | $26.70 |
| 18 Jun 2026 | $24.55 | $27.72 | $26.72 |
| 26 Jun 2026 | $25.95 | $27.57 | $26.82 |
| 2 Jul 2026 | $27.35 | $27.52 | $26.92 |
| 10 Jul 2026 | $25.30 | $27.26 | $27.03 |
| 17 Jul 2026 | $25.95 | $26.68 | $27.10 |
| 24 Jul 2026 | $25.54 | $26.41 | $27.15 |
| 31 Jul 2026 | $24.46 | $25.94 | $27.19 |
| 7 Aug 2026 | $24.46 | $25.54 | $27.27 |
| 14 Aug 2026 | $26.73 | $25.49 | $27.41 |
| 21 Aug 2026 | $24.20 | $25.48 | $27.48 |
| 28 Aug 2026 | $24.23 | $25.46 | $27.47 |
| 4 Sep 2026 | $26.06 | $25.45 | $27.42 |
| 11 Sep 2026 | $24.23 | $25.32 | $27.40 |
| 18 Sep 2026 | $22.97 | $24.97 | $27.31 |
| 25 Sep 2026 | $21.81 | $24.69 | $27.18 |
| 2 Oct 2026 | $21.57 | $24.24 | $27.01 |
| 9 Oct 2026 | $24.24 | $24.14 | $26.93 |
| 16 Oct 2026 | $22.93 | $24.09 | $26.83 |
| 23 Oct 2026 | $20.36 | $23.69 | $26.70 |
| 30 Oct 2026 | $20.93 | $23.15 | $26.58 |
| 4 Nov 2026 | $19.10 | $22.88 | $26.48 |
Price stage: Rising from Feb 2026 to May 2026; Sideways from Jun 2026 to Nov 2026.
Price stage: Rising from Feb 2026 to May 2026; Sideways from Jun 2026 to Nov 2026.
Week by week since 2024: did it beat the S&P 500 over the past 13 weeks?
Ahead in 44 of 98 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 27 Sep 2024 | no S&P 500 reading |
| 4 Oct 2024 | no S&P 500 reading |
| 11 Oct 2024 | no S&P 500 reading |
| 18 Oct 2024 | no S&P 500 reading |
| 25 Oct 2024 | no S&P 500 reading |
| 1 Nov 2024 | no S&P 500 reading |
| 8 Nov 2024 | no S&P 500 reading |
| 15 Nov 2024 | no S&P 500 reading |
| 22 Nov 2024 | no S&P 500 reading |
| 29 Nov 2024 | no S&P 500 reading |
| 6 Dec 2024 | no S&P 500 reading |
| 13 Dec 2024 | no S&P 500 reading |
| 20 Dec 2024 | no S&P 500 reading |
| 27 Dec 2024 | +20.7% |
| 3 Jan 2025 | +27.9% |
| 10 Jan 2025 | +34.3% |
| 17 Jan 2025 | +29.9% |
| 24 Jan 2025 | +41.8% |
| 31 Jan 2025 | +33.5% |
| 7 Feb 2025 | +23.1% |
| 14 Feb 2025 | +10.7% |
| 21 Feb 2025 | +5.7% |
| 28 Feb 2025 | −6.7% |
| 7 Mar 2025 | −10.7% |
| 14 Mar 2025 | −7.0% |
| 21 Mar 2025 | +0.3% |
| 28 Mar 2025 | −1.3% |
| 4 Apr 2025 | −13.1% |
| 11 Apr 2025 | −24.3% |
| 17 Apr 2025 | −16.2% |
| 25 Apr 2025 | −21.0% |
| 2 May 2025 | −18.3% |
| 9 May 2025 | −8.9% |
| 16 May 2025 | −3.4% |
| 23 May 2025 | −3.8% |
| 30 May 2025 | +7.3% |
| 6 Jun 2025 | +19.7% |
| 13 Jun 2025 | +10.4% |
| 20 Jun 2025 | +11.1% |
| 27 Jun 2025 | +7.5% |
| 3 Jul 2025 | +9.2% |
| 11 Jul 2025 | +20.3% |
| 18 Jul 2025 | +7.2% |
| 25 Jul 2025 | −8.9% |
| 1 Aug 2025 | −2.3% |
| 8 Aug 2025 | −15.2% |
| 15 Aug 2025 | −12.0% |
| 22 Aug 2025 | −6.1% |
| 29 Aug 2025 | −1.0% |
| 5 Sep 2025 | −10.9% |
| 12 Sep 2025 | −15.4% |
| 19 Sep 2025 | −23.3% |
| 26 Sep 2025 | −9.9% |
| 3 Oct 2025 | −1.4% |
| 10 Oct 2025 | −14.6% |
| 17 Oct 2025 | −14.4% |
| 24 Oct 2025 | −2.4% |
| 31 Oct 2025 | +8.4% |
| 7 Nov 2025 | +21.6% |
| 14 Nov 2025 | +26.1% |
| 21 Nov 2025 | +11.8% |
| 28 Nov 2025 | +12.5% |
| 5 Dec 2025 | +26.5% |
| 12 Dec 2025 | +24.7% |
| 19 Dec 2025 | +22.5% |
| 26 Dec 2025 | +9.6% |
| 2 Jan 2026 | +12.2% |
| 9 Jan 2026 | +20.0% |
| 16 Jan 2026 | +25.6% |
| 23 Jan 2026 | +36.0% |
| 30 Jan 2026 | +24.7% |
| 6 Feb 2026 | +16.4% |
| 13 Feb 2026 | +7.8% |
| 20 Feb 2026 | +16.3% |
| 27 Feb 2026 | +13.1% |
| 6 Mar 2026 | +7.9% |
| 13 Mar 2026 | +4.2% |
| 20 Mar 2026 | +13.6% |
| 27 Mar 2026 | +17.9% |
| 2 Apr 2026 | +4.7% |
| 10 Apr 2026 | +11.3% |
| 17 Apr 2026 | +3.0% |
| 24 Apr 2026 | −0.4% |
| 1 May 2026 | +1.1% |
| 8 May 2026 | −15.1% |
| 15 May 2026 | −15.1% |
| 22 May 2026 | −18.1% |
| 29 May 2026 | −25.6% |
| 5 Jun 2026 | −25.3% |
| 12 Jun 2026 | −24.8% |
| 18 Jun 2026 | −30.8% |
| 26 Jun 2026 | −28.3% |
| 2 Jul 2026 | −14.6% |
| 10 Jul 2026 | −21.3% |
| 17 Jul 2026 | −11.2% |
| 24 Jul 2026 | −15.7% |
| 31 Jul 2026 | −25.6% |
| 7 Aug 2026 | −16.8% |
| 14 Aug 2026 | −11.3% |
| 21 Aug 2026 | −17.2% |
| 28 Aug 2026 | −10.4% |
| 4 Sep 2026 | −4.0% |
| 11 Sep 2026 | −6.4% |
| 18 Sep 2026 | −8.4% |
| 25 Sep 2026 | −21.8% |
| 2 Oct 2026 | −24.5% |
| 9 Oct 2026 | −7.3% |
| 16 Oct 2026 | −14.3% |
| 23 Oct 2026 | −23.1% |
| 30 Oct 2026 | −15.6% |
| 4 Nov 2026 | −21.1% |
Over the last 2.1 years the share price moved +6% while the S&P 500 moved +34%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 May 2026. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What dividend does BKV pay?
BKV Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.
Which stock lists is BKV on?
BKV is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.
Is BKV profitable?
BKV Corporation earned $74.0 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $178 M. That is 23.2% of the quarter's revenue. The same quarter a year earlier lost $59.7 M.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
FY25 profit $178 M
- Net profit $178 M
| Quarter | Net profit |
|---|---|
| FY21 | −$171 M |
| FY22 | $410 M |
| FY23 | $124 M |
| FY24 | −$139 M |
| FY25 | $178 M |
Growth on a year earlier
- Growth on a year earlier −212.2%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | – |
| FY23 | −69.9% |
| FY24 | −212.2% |
| FY25 | – |
Jun 2026: $74.0 M
- Net profit (quarterly) $74.0 M
| Quarter | Net profit (quarterly) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | −$38.6 M |
| Jun 2024 | −$59.7 M |
| Sep 2024 | $12.9 M |
| Dec 2024 | −$53.2 M |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | $44.1 M |
| Jun 2026 | $74.0 M |
How much revenue does BKV make, and is it growing?
BKV Corporation reported $319 M of revenue in the Jun 2026 quarter. Over 4 years it has grown 6.4% a year on average. The last full year, FY25, came in at $1.1 B.
Revenue is everything the company billed its customers in the period.
The quarterly figures for FY23, FY25 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.
FY25 revenue was $1.1 B, +41.6% on the year before.
FY25 revenue $1.1 B (+41.6% on the year before), 6.4% a year over 4 years
- Revenue $1.1 B
| Quarter | Revenue |
|---|---|
| FY21 | $890 M |
| FY22 | $1.7 B |
| FY23 | $1.0 B |
| FY24 | $806 M |
| FY25 | $1.1 B |
Growth on a year earlier
- Growth on a year earlier 41.6%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 86.6% |
| FY23 | −39.2% |
| FY24 | −20.2% |
| FY25 | 41.6% |
Jun 2026: $319 M
- Revenue (quarterly) $319 M
| Quarter | Revenue (quarterly) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | $153 M |
| Jun 2024 | $134 M |
| Sep 2024 | $133 M |
| Dec 2024 | $385 M |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | $377 M |
| Jun 2026 | $319 M |
How much of every $100 of sales does BKV keep?
BKV Corporation's operating margin was 39.5% in the Jun 2026 quarter. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −9.3% and 27.4%. The latest quarter is above every full year in that period.
Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Across 5 years it has been between −9.3% and 27.4%, and FY25's 27.4% is the highest of them.
Why the margin moved: operating margin changed +76.2 percentage points on the year while gross margin changed −4.8 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.
When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.
FY25: 27.4%, the highest in a range of −9.3% to 27.4% over 5 years
- Operating margin 27.4%
| Quarter | Operating margin |
|---|---|
| FY21 | 2.3% |
| FY22 | 19.4% |
| FY23 | 23.7% |
| FY24 | −9.3% |
| FY25 | 27.4% |
Change on the year before (points)
- Change on the year before (points) +36.7 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY21 | – |
| FY22 | +17.1 pts |
| FY23 | +4.3 pts |
| FY24 | −33.0 pts |
| FY25 | +36.7 pts |
Jun 2026: operating margin 39.5%
- Operating margin 39.5%
| Quarter | Operating margin |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | −22.4% |
| Jun 2024 | −36.7% |
| Sep 2024 | −15.7% |
| Dec 2024 | 7.7% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | 23.8% |
| Jun 2026 | 39.5% |
Is BKV's profit turning into cash?
Over the last 3 years, 125% of BKV Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $280 M of operating cash against $178 M of profit. After $577 M of spending on assets, free cash was −$297 M: it spent more than its operations brought in.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY25: operating cash $280 M against profit $178 M; 125% of 3 years' profit came in as cash
- Operating cash $280 M
- Net profit $178 M
- Free cash −$297 M
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY21 | $358 M | −$171 M | $289 M |
| FY22 | $349 M | $410 M | $101 M |
| FY23 | $260 M | $124 M | −$422 M |
| FY24 | $115 M | −$139 M | $10.0 M |
| FY25 | $280 M | $178 M | −$297 M |
Jun 2026: operating cash $110 M = 148% of the quarter's profit
- Operating cash (quarterly) $110 M
| Quarter | Operating cash (quarterly) |
|---|---|
| Sep 2023 | $34.5 M |
| Dec 2023 | $7.6 M |
| Mar 2024 | $19.3 M |
| Jun 2024 | −$9.5 M |
| Sep 2024 | $65.0 M |
| Dec 2024 | $40.6 M |
| Mar 2025 | $16.5 M |
| Jun 2025 | $89.3 M |
| Sep 2025 | $74.5 M |
| Dec 2025 | $107 M |
| Mar 2026 | $72.0 M |
| Jun 2026 | $110 M |
Operating cash as % of profit
- Operating cash as % of profit 148%
| Quarter | Operating cash as % of profit |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | 505% |
| Dec 2024 | – |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | 163% |
| Jun 2026 | 148% |
Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.
What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.
Where does BKV's cash go?
BKV Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.4 B on assets over the last 3 years. Averaged over those years that is 39.9% of FY25 revenue a year.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.
Spending on assets: $1.4 B over the last 3 years.
FY25: capex $577 M, up from the year before
- Capex $577 M
| Quarter | Capex |
|---|---|
| FY21 | $68.7 M |
| FY22 | $248 M |
| FY23 | $682 M |
| FY24 | $105 M |
| FY25 | $577 M |
Jun 2026: capex $238 M in the quarter
- Capex (quarterly) $238 M
| Quarter | Capex (quarterly) |
|---|---|
| Sep 2023 | $35.6 M |
| Dec 2023 | $26.6 M |
| Mar 2024 | $19.9 M |
| Jun 2024 | $11.7 M |
| Sep 2024 | $21.2 M |
| Dec 2024 | $52.6 M |
| Mar 2025 | $57.6 M |
| Jun 2025 | $74.0 M |
| Sep 2025 | $313 M |
| Dec 2025 | $133 M |
| Mar 2026 | $233 M |
| Jun 2026 | $238 M |
Free cash
- Free cash −$128 M
| Quarter | Free cash |
|---|---|
| Sep 2023 | −$1.1 M |
| Dec 2023 | −$19.0 M |
| Mar 2024 | −$0.6 M |
| Jun 2024 | −$21.2 M |
| Sep 2024 | $43.8 M |
| Dec 2024 | −$12.0 M |
| Mar 2025 | −$41.2 M |
| Jun 2025 | $15.3 M |
| Sep 2025 | −$239 M |
| Dec 2025 | −$25.9 M |
| Mar 2026 | −$161 M |
| Jun 2026 | −$128 M |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is BKV's P/E ratio, and how does it compare with its own history?
BKV Corporation's P/E is 7.0×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.
In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.
Is the BKV business getting better or worse?
BKV Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue +41.6% in FY25
- Revenue growth 41.6%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | 86.6% |
| FY23 | −39.2% |
| FY24 | −20.2% |
| FY25 | 41.6% |
Profit growth, EPS growth
- Profit growth −212.2%
- EPS growth −201.3%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY21 | – | – |
| FY22 | – | – |
| FY23 | −69.9% | −71% |
| FY24 | −212.2% | −201.3% |
| FY25 | – | – |
ROE: the return line, yearly figures
- ROE 8.6%
| Quarter | ROE |
|---|---|
| FY22 | 39.3% |
| FY23 | 9.6% |
| FY24 | −8.9% |
| FY25 | 8.6% |
Why it matters: with too little history, we say so rather than guess a direction.
The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.
There are fewer than eight usable quarters, so this page does not guess a direction from so little history.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +41.6% | −11.8% | — | — |
| Profit | — | −24.3% | — | — |
| EPS | — | −32.3% | — | — |
| Stock price | −24.8% | — | — | — |
How much does BKV earn on its capital?
BKV Corporation earned a ROE of 9% in FY25. That is up from a low of −25% in FY21. Its return on capital used (ROIC) is 1.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.6% net margin and 0.29× asset turnover (sales divided by assets).
Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.
Why the return is what it is (FY25): a 15.6% net margin × 0.29× asset turnover × 1.91× leverage (assets divided by equity) ≈ 8.6% on equity. The margin does most of the work; borrowing is a big part of it.
The key test, return on capital used minus the cost of capital: 9.4% − 7.5% = +1.9 percentage points. The 7.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.
FY25: ROE 9%, the climb back from FY21's −25%
- ROE 8.6%
- ROIC (annual) 9.8%
- Cost of capital 7.5%
| Quarter | ROE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY21 | −25.4% | 2.3% | 7.5% |
| FY22 | 39.3% | 24.1% | 7.5% |
| FY23 | 9.6% | 11% | 7.5% |
| FY24 | −8.9% | −3.5% | 7.5% |
| FY25 | 8.6% | 9.8% | 7.5% |
Jun 2026: ROIC 2.3% (last 12 months) against a 7.5% cost of capital
- ROIC (12 months) 2.3%
- ROE (12 months) 9.5%
- Cost of capital 7.5%
| Quarter | ROIC (12 months) | ROE (12 months) | Cost of capital |
|---|---|---|---|
| Sep 2023 | −1.1% | −12.4% | 7.5% |
| Dec 2023 | −0.2% | 6.1% | 7.5% |
| Mar 2024 | 2.7% | 11.6% | 7.5% |
| Jun 2024 | −1.8% | −12.1% | 7.5% |
| Sep 2024 | −2.8% | −19.4% | 7.5% |
| Dec 2024 | −0.7% | 3.7% | 7.5% |
| Mar 2025 | 1.4% | −12.2% | 7.5% |
| Jun 2025 | −5% | −22.8% | 7.5% |
| Sep 2025 | 7.4% | 29.3% | 7.5% |
| Dec 2025 | 3.6% | 18.3% | 7.5% |
| Mar 2026 | 5.8% | 17.5% | 7.5% |
| Jun 2026 | 2.3% | 9.5% | 7.5% |
Does BKV have too much debt?
BKV Corporation has total debt of $1.3 B against shareholder equity of $2.4 B as of Jun 2026, so its debt is 0.53× its equity. Year by year, that ratio went from 0.25 in FY21 to 0.56 in FY25. Keep that borrowing in mind when reading the returns on this page.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY25: debt $1.2 B, 0.56× equity
- Total debt $1.2 B
| Quarter | Total debt |
|---|---|
| FY21 | $166 M |
| FY22 | $729 M |
| FY23 | $654 M |
| FY24 | $859 M |
| FY25 | $1.2 B |
Debt-to-equity
- Debt-to-equity 0.56×
| Quarter | Debt-to-equity |
|---|---|
| FY21 | 0.25× |
| FY22 | 0.70× |
| FY23 | 0.51× |
| FY24 | 0.55× |
| FY25 | 0.56× |
Jun 2026: debt $1.3 B, debt-to-equity 0.53
- Total debt (quarterly) $1.3 B
| Quarter | Total debt (quarterly) |
|---|---|
| Sep 2023 | $667 M |
| Dec 2023 | $654 M |
| Mar 2024 | $663 M |
| Jun 2024 | $419 M |
| Sep 2024 | $199 M |
| Dec 2024 | $859 M |
| Mar 2025 | $208 M |
| Jun 2025 | $208 M |
| Sep 2025 | $501 M |
| Dec 2025 | $1.2 B |
| Mar 2026 | $1.3 B |
| Jun 2026 | $1.3 B |
Debt-to-equity
- Debt-to-equity 0.53×
| Quarter | Debt-to-equity |
|---|---|
| Sep 2023 | 0.51× |
| Dec 2023 | 0.51× |
| Mar 2024 | 0.53× |
| Jun 2024 | 0.35× |
| Sep 2024 | 0.12× |
| Dec 2024 | 0.55× |
| Mar 2025 | 0.14× |
| Jun 2025 | 0.13× |
| Sep 2025 | 0.28× |
| Dec 2025 | 0.56× |
| Mar 2026 | 0.55× |
| Jun 2026 | 0.53× |
What is the BKV shareholding pattern?
32.2% of BKV Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.
There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.
It is a single reading at one point in time; we do not have its history.
Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.
How far is BKV from balance-sheet trouble?
For BKV Corporation, the Z-score is 1.53. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
Why it matters: a Z-score of 1.53 is inside the danger zone, so the balance sheet is a real risk.
How does BKV rank in its industry?
There is no score against its industry: BKV Corporation is not among the largest members shown in this industry comparison for Oil & Gas Exploration & Production.
The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.
Which companies is BKV compared with?
No sector comparison is shown here, not among the largest members shown in this industry comparison.
Which companies are close to BKV in size?
BKV is the 31st largest of 57 Oil & Gas Exploration & Production companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Gulfport Energy Corporation, Talos Energy Inc. and Northern Oil and Gas, Inc. Just below it: Kimbell Royalty Partners, LP, Mach Natural Resources LP and Vermilion Energy Inc.
Oil & Gas Exploration & Production companies close in size
- Gulfport Energy Corporation $2.8 billion
- Talos Energy Inc. $2.6 billion
- Northern Oil and Gas, Inc. $2.4 billion
- BKV Corporation $2.1 billion
- Kimbell Royalty Partners, LP $1.9 billion
- Mach Natural Resources LP $1.7 billion
- Vermilion Energy Inc. $1.6 billion
All 57 Oil & Gas Exploration & Production companies, largest first
Companies close in size in other industries
- Calix, Inc. $2.1 billion · Software - Infrastructure
- IDT Corporation $2.1 billion · Telecom Services
- BKV Corporation $2.1 billion
- Cohu, Inc. $2.1 billion · Semiconductor Equipment & Materials
- First Commonwealth Financial Corporation $2.1 billion · Banks - Regional
What else do people ask about BKV?
What were BKV's latest quarterly results?
BKV Corporation reported revenue of $319 M and net profit of $74.0 M for the Jun 2026 quarter. Earnings per share were $0.67. The operating margin was 39.5% (as of 4 November 2026).
What is BKV's market cap?
BKV Corporation's market capitalisation is $2.1 B at a stock price of $19.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).
How is BKV performing?
BKV Corporation's share price has been moving sideways for 18 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 27 weeks running. This describes what the data did, not a rating (as of 4 November 2026).
Will BKV's stock price go up?
This page does not forecast BKV Corporation's stock price. What it shows instead: the stock price is $19.10, and it has been moving sideways for 18 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).
Where is BKV in its business cycle?
BKV Corporation's FY25 operating margin was 27.4%, against a 5-year range of −9.3% to 27.4%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 39.5%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).
What could break the BKV story?
Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high.
On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).
Is BKV a stock worth studying right now?
What the numbers show: BKV Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
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