Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Vivakor, Inc.VIVK · other | |
|---|---|
| Grade |  Cmiddle fifth of 336 graded peers; percentile 56.7, sampling error 2.6 points; lower is stronger |
| Rank | 191 of 336 |
| Profitability | Cpercentile 43.8 |
| Solvency | Epercentile 94.5 |
| Growth and financing | Apercentile 11.9 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $113.5M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | short runway, late filernot computable: dilution, distress, fortress balance sheet |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Apr 15, 2026177 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.432026-10-07; market equity $36.3M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Apr 15, 2026; the document on sec.gov.
Vivakor, Inc. was originally organized in 2006 as a Nevada limited liability company and converted to a Nevada corporation in 2008. Since then, we have grown through strategic acquisitions and the development of our integrated midstream platform, which provides crude oil transportation, terminaling, and marketing services across major U.S. producing basins. Key milestones include the 2022 acquisition of our terminaling facilities in Colorado City, Texas and Delhi, Louisiana, and the 2024 acquisition of our trucking, pipeline, and storage operations (hereinafter the “Endeavor Entities”).
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 43.8 | |||||||
| Gross profitability | 33.3% | [1,4] | 27.1% | 38.2 | 289 | 2025-12-31 | |
| Return on invested capital | not computable | 10.0% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (53.3%) | [1,5-7] | (5.9%) | 3.2 | 506 | 2025-12-31 | |
| Gross margin stability, five years | 11.4 pts | [2,4,8-15] | 2.2 pts | 90.1 | 204 | 2025-12-31 | |
| Solvency, sleeve percentile 94.5 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| market price is missing at 2026-03-31 | |||||||
| Altman Z double-prime | (12.16) | [1,16-21] | 2.05 | 90.9 | 386 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.18x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 0.13x | [16-17] | 1.32x | 98.0 | 506 | 2025-12-31 | |
| Growth and financing, sleeve percentile 11.9 | |||||||
| Revenue growth, three-year compound | 54.9% | [2,9,11,13] | 5.1% | 2.2 | 403 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.7% | |||||
| four consecutive annual FCF observations are required; found 3 | |||||||
| Reinvestment rate | not computable | 11.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | 14.1% | [1,7,22-23] | 4.1% | 21.5 | 438 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.4%) | |||||
| raw and split-adjusted prices do not align at 2026-04-15 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.001; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 186 | Life Time Group Holdings, Inc. (LTH) Life Time Group Holdings, Inc. (LTH) Cmiddle fifth; percentile 55.2 NYSE · Services-Membership Sports & Recreation Clubs market equity $9.0B; last close $40.29 No active warnings; 10 of 14 inputs | 55.2 | C | |
| 187 | United Airlines Holdings, Inc. (UAL) United Airlines Holdings, Inc. (UAL) Cmiddle fifth; percentile 55.5 Nasdaq · Air Transportation, Scheduled market equity $34.9B; last close $107.42 No active warnings; 9 of 14 inputs | 55.5 | C | |
| 188 | Equifax Inc. (EFX) Equifax Inc. (EFX) Cmiddle fifth; percentile 55.8 NYSE · Services-Consumer Credit Reporting, Collection Agencies market equity $17.1B; last close $145.31 No active warnings; 10 of 14 inputs | 55.8 | C | |
| 189 | International Seaways, Inc. (INSW) International Seaways, Inc. (INSW) Cmiddle fifth; percentile 56.1 NYSE · Water Transportation market equity $6.0B; last close $121.81 No active warnings; 8 of 14 inputs | 56.1 | C | |
| 190 | Delta AIR Lines, Inc. (DAL) Delta AIR Lines, Inc. (DAL) Cmiddle fifth; percentile 56.4 NYSE · Air Transportation, Scheduled market equity $54.0B; last close $82.16 No active warnings; 8 of 14 inputs | 56.4 | C | |
| 191 | Vivakor, Inc. (VIVK) Vivakor, Inc. (VIVK) Cmiddle fifth; percentile 56.7 Nasdaq · Refuse Systems market equity $32.8M; last close $4.43 Warnings: short runway, late filer; 7 of 14 inputs | 56.7 | C | short runway, late filer |
| 192 | Ameresco, Inc. (AMRC) Ameresco, Inc. (AMRC) Cmiddle fifth; percentile 57.0 NYSE · Construction - Special Trade Contractors last close $21.01 No active warnings; 7 of 14 inputs | 57.0 | C | |
| 193 | Republic Services, Inc. (RSG) Republic Services, Inc. (RSG) Cmiddle fifth; percentile 57.3 NYSE · Refuse Systems market equity $66.4B; last close $216.68 No active warnings; 11 of 14 inputs | 57.3 | C | |
| 194 | ManpowerGroup Inc. (MAN) ManpowerGroup Inc. (MAN) C/Don the C/D boundary; percentile 57.6 NYSE · Services-Help Supply Services market equity $2.5B; last close $54.38 No active warnings; 9 of 14 inputs | 57.6 | C/D | |
| 195 | GEE Group Inc. (JOB) GEE Group Inc. (JOB) C/Don the C/D boundary; percentile 57.9 NYSE · Services-Employment Agencies market equity $23.7M; last close $0.21 No active warnings; 10 of 14 inputs | 57.9 | C/D | |
| 196 | Concrete Pumping Holdings, Inc. (BBCP) Concrete Pumping Holdings, Inc. (BBCP) C/Don the C/D boundary; percentile 58.2 Nasdaq · Construction - Special Trade Contractors market equity $474.7M; last close $9.41 No active warnings; 11 of 14 inputs | 58.2 | C/D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 52.1 | 2204 |
| sector peers, equal sleeves (the grade) | C | 56.7 | 336 |
| same exchange, equal sleeves | C | 54.4 | 1219 |
| sector peers, equal inputs | C | 55.8 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-07 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | not computable | 2.0% | missing required 12-1 monthly returns: 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10 | |
| Distance from 52-week high | (93.6%) | (26.8%) | 2 | closer to its high than 2 of 100 peers |
| EBIT to enterprise value | not computable | 4.4% | required accounting or market input is missing | |
| Free cash flow yield | (12.5%) | 4.1% | 11 | pricier than 89 of 100 peers |
| Book value to price | 1.24 | 0.34 | 92 | pricier than 8 of 100 peers |
| Sales to price | 3.18 | 0.70 | 88 | pricier than 12 of 100 peers |
| Composite equity issuance, five years | not computable | (8.8%) | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | not computable | (0.13) | missing required 12-1 monthly returns: 2026-04, 2026-03, 2026-02, 2026-01, 2025-12, 2025-11, 2025-10 |
Inputs: market equity $32.8M; EBIT -$63.8M; free cash flow -$4.1M; book equity $40.8M; sales $104.4M; cash $256,853[24].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (45.7%) | ✗ fail[5,7] |
| Operating cash flow above zero | -$15.8M | ✗ fail[6] |
| Return on assets improved | (8.7 pts) | ✗ fail[5,7,22,25] |
| Operating cash flow exceeds net income | $94.5M | ✓ pass[5-6] |
| Long-term leverage fell | n/a[1,7,22] | |
| Current ratio improved | 2.8 pts | ✓ pass[16-17,26-27] |
| No new shares issued | n/a[28-29] | |
| Gross margin improved | 24.8 pts | ✓ pass[2,4,8-9] |
| Asset turnover improved | (82.8 pts) | ✗ fail[2,7,9,22] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $256,853[3] |
| Operating cash flow, four quarters | -$12.5M[3,6,30-33] |
| Months of runway | 0.2 |
| Late filings, two years | 8 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 51 |
| 10-Q received Aug 19, 2026 | |
| Median daily dollar volume | $1.7M |
| 63 sessions | |
| Days since newest grade input | 177 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $113.5M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $104.4M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $256,853 | 2026-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
| 4 | gross profit | us-gaap:GrossProfit | $37.7M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 5 | net income | us-gaap:NetIncomeLoss | -$110.2M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 6 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$15.8M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 7 | assets | us-gaap:Assets | $241.0M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 8 | gross profit | us-gaap:GrossProfit | $10.2M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 9 | revenue | us-gaap:Revenues | $89.8M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 10 | gross profit | us-gaap:GrossProfit | $5.0M | 2023-12-31 | 2025-04-15 | 10-K | filing · viewer · series |
| 11 | revenue | us-gaap:Revenues | $59.3M | 2023-12-31 | 2025-04-15 | 10-K | filing · viewer · series |
| 12 | gross profit | us-gaap:GrossProfit | $2.9M | 2022-12-31 | 2024-04-17 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:Revenues | $28.1M | 2022-12-31 | 2024-04-17 | 10-K | filing · viewer · series |
| 14 | gross profit | us-gaap:GrossProfit | $37,752 | 2021-12-31 | 2023-05-25 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:Revenues | $1.1M | 2021-12-31 | 2023-05-25 | 10-K | filing · viewer · series |
| 16 | current assets | us-gaap:AssetsCurrent | $8.2M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 17 | current liabilities | us-gaap:LiabilitiesCurrent | $61.5M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 18 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$204.3M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 19 | operating income | us-gaap:OperatingIncomeLoss | -$63.8M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 20 | book equity | us-gaap:StockholdersEquity | $41.3M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 21 | liabilities | us-gaap:Liabilities | $76.3M | 2025-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 22 | assets | us-gaap:Assets | $71.2M | 2023-12-31 | 2025-04-15 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $76.3M | 2022-12-31 | 2024-04-17 | 10-K | filing · viewer · series |
| 24 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 8,183,626 | 2026-08-18 | 2026-08-19 | 10-Q | filing · viewer · series |
| 25 | net income | us-gaap:NetIncomeLoss | -$26.4M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $12.0M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $113.5M | 2024-12-31 | 2026-04-15 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 2,068,041 | 2026-04-15 | 2026-04-15 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 44,575,570 | 2025-04-14 | 2025-05-02 | 10-K/A | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.7M | 2026-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$3.3M | 2026-03-31 | 2026-05-20 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.3M | 2025-09-30 | 2025-11-19 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$7.0M | 2025-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 56.7 is 3.3 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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