Vivakor Swings to Operating Profit as Q2 Revenue Climbs 10% to $32.1M
VIVK is trading near its 52-week low of $1.065 (4.2% above the low) on light trading volume (0.2× avg).
Summary
Vivakor reported Q2 2026 revenue of $32.1 million, up 10% year-over-year, with gross profit jumping 45% to $6.6 million and operating income turning positive at approximately $0.2 million versus a $6.8 million loss a year ago. Net loss narrowed 78% to $2.8 million. The improvement was driven by the Supply & Trading segment, which generated $26.5 million in quarterly revenue and $1.1 million in gross profit. This follows the 10-Q filed two days ago that disclosed going concern doubt and a $58 million working capital deficit, so the positive operating income is a notable turnaround signal despite ongoing dilution concerns. The company's stock trades near its 52-week low at $1.11, and this earnings release provides the first concrete evidence that the new crude oil trading business is scaling profitably.
At the time of this announcement, VIVK was trading at $1.11 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $727.2K. The 52-week trading range was $1.07 to $3,640.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.