Battalion Oil Corporation (BATL) Income Statement
BATL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBATL revenue and net income
Where BATL's revenue goes
2025Each bar shows an amount and its share of revenue. BATL kept 7.2% of revenue as net income.
BATL profit margins
BATL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −14.9% | −22.8% | +2.2% | −11.3% |
| Gross profit | −77.5% | −57.6% | −15.1% | −11.7% |
| Operating income | — | — | — | — |
| Net income | — | −13.8% | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BATL quarterly EPS vs estimates
Battalion Oil beat the analyst EPS estimate in 1 of the last 4 quarters. Next report: November 12, 2026.
BATL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $165.0M | $193.9M | $220.8M | $359.1M | $285.2M | $148.3M | $224.7M | $226.6M | $378.0M | $418.1M |
| Cost of revenue | $147.1M | $114.7M | $120.6M | $125.2M | $104.9M | $107.9M | $170.6M | $111.2M | $193.7M | $316.8M |
| Gross profit | $17.8M | $79.2M | $100.2M | $233.9M | $180.3M | $40.4M | $54.1M | $115.4M | $184.3M | $101.2M |
| Sales, general & admin | $14.6M | $36.9M | $19.0M | $17.6M | $16.5M | $18.5M | $41.7M | $62.1M | $111.4M | $125.0M |
| Total operating expenses | $24.5M | $91.0M | $82.6M | $81.8M | $76.9M | $302.3M | $1.11B | $134.9M | $182.9M | $161.9M |
| Operating income | −$6.6M | −$11.7M | $17.6M | $152.1M | $103.4M | −$261.8M | −$1.05B | $92.1M | $715.4M | −$60.6M |
| Interest income | — | — | — | — | — | — | $89.9M | $49.6M | $69.8M | $196.8M |
| Interest expense | $28.8M | $29.0M | $33.3M | $23.6M | $8.0M | $6.6M | $38.9M | $43.0M | $71.1M | $151.1M |
| Income before taxes | $11.9M | −$31.9M | −$3.0M | $18.5M | −$28.3M | −$229.7M | −$1.15B | $141.8M | $530.7M | −$471.2M |
| Income taxes | — | — | $56.5M | $110.0M | $8.0M | $6.6M | −$95.8M | $95.8M | −$5.0M | −$3.9M |
| Net income | $11.9M | −$31.9M | −$3.0M | $18.5M | −$28.3M | −$229.7M | −$1.05B | $46.0M | $535.7M | −$467.2M |
| EBITDA | $92.9M | $36.0M | $86.9M | $94.0M | $25.1M | −$161.0M | −$997.1M | $262.3M | $113.9M | $63.2M |
| EPS (diluted) | −$4.25 | −$1.53 | −$0.19 | $1.93 | $1.04 | −$2.46 | −$1.03 | −$0.06 | −$0.24 | $9.49 |
| Gross margin | 10.8% | 40.9% | 45.4% | 65.1% | 63.2% | 27.3% | 24.1% | 50.9% | 48.8% | 24.2% |
| Operating margin | −4.0% | −6.1% | 8.0% | 42.4% | 36.2% | −176.6% | −468.2% | 40.7% | 189.3% | −14.5% |
| Net margin | 7.2% | −16.4% | −1.4% | 5.2% | −9.9% | −154.9% | −467.8% | 20.3% | 141.7% | −111.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.1M | $39.1M | $32.3M | $43.4M | $42.8M | $47.5M | $49.7M | $45.3M | $49.1M | $49.9M | $47.2M | $54.1M |
| Cost of revenue | $25.1M | $10.1M | $34.7M | $12.4M | $26.9M | $24.9M | $38.6M | $25.4M | $25.2M | $25.5M | $37.4M | $25.3M |
| Gross profit | $23.1M | $29.0M | −$2.4M | $31.0M | $15.9M | $22.6M | $11.1M | $19.9M | $23.9M | $24.4M | $9.8M | $28.8M |
| Sales, general & admin | $4.1M | $4.3M | $4.6M | $3.1M | $2.6M | $4.4M | $7.1M | $3.9M | $3.3M | $4.1M | $5.5M | $3.2M |
| Total operating expenses | $16.3M | $31.2M | $7.2M | $30.2M | $16.0M | $19.2M | $29.0M | $18.8M | $18.8M | $24.3M | $47.9M | $22.0M |
| Operating income | $6.8M | −$2.2M | −$9.6M | $826,000 | −$153,000 | $3.4M | −$17.9M | $1.1M | $5.1M | $23,000 | −$668,000 | $6.8M |
| Interest expense | $4.3M | $5.5M | $6.7M | $6.7M | $6.6M | $6.7M | $9.2M | $6.3M | $6.4M | $7.0M | $9.1M | $6.9M |
| Income before taxes | $15.5M | −$56.5M | $1.8M | −$735,000 | $4.8M | $6.0M | −$22.2M | $21.6M | −$105,000 | −$31.2M | $32.7M | −$53.8M |
| Income taxes | — | — | — | — | — | — | −$13.0M | — | — | $13.0M | — | $6.9M |
| Net income | $15.5M | −$56.5M | $1.8M | −$735,000 | $4.8M | $6.0M | −$22.2M | $21.6M | −$105,000 | −$31.2M | $32.7M | −$53.8M |
| EBITDA | $32.1M | −$49.6M | $21.0M | $19.5M | $25.6M | $25.5M | −$12.2M | $39.8M | $19.8M | −$11.4M | — | −$33.4M |
| EPS (diluted) | −$0.11 | −$3.72 | −$0.76 | −$0.96 | −$0.65 | −$1.88 | −$1.88 | $0.34 | −$0.53 | $1.63 | — | −$0.73 |
| Gross margin | 47.9% | 74.2% | −7.5% | 71.4% | 37.1% | 47.6% | 22.3% | 43.9% | 48.7% | 48.9% | 20.8% | 53.3% |
| Operating margin | 14.1% | −5.7% | −29.8% | 1.9% | −0.4% | 7.1% | −36.1% | 2.3% | 10.4% | 0.0% | −1.4% | 12.6% |
| Net margin | 32.2% | −144.6% | 5.6% | −1.7% | 11.2% | 12.7% | −44.7% | 47.8% | −0.2% | −62.6% | 69.2% | −99.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BATL's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BATL financial results
In fiscal year 2025 (ended December 31, 2025), Battalion Oil reported revenue of $165.0 million, down 14.9% from the year before. It had net income of $11.9 million, a net profit margin of 7.2%. Diluted earnings per share came to −$4.25. Over five years revenue grew at an average rate of 2.2% a year.
See the BATL stock overview for the latest quote and news, or the BATL chart for price history and technical indicators.
BATL income statement FAQ
What is Battalion Oil's annual revenue?
Battalion Oil reported total revenue of $165.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 14.9% from $193.9 million the previous year.
Is Battalion Oil profitable?
Yes. Battalion Oil reported net income of $11.9 million in fiscal 2025, a net profit margin of 7.2%; its operating margin was −4.0%.
What is Battalion Oil's gross margin?
Battalion Oil's gross margin was 10.8% in fiscal 2025: for every $100 of revenue, Battalion Oil kept $11 after the direct cost of its products and services.
How fast is Battalion Oil growing?
Revenue grew 2.2% a year on average over the last five fiscal years, from $148.3 million to $165.0 million.
What are Battalion Oil's earnings per share?
Battalion Oil earned $-4.25 per diluted share in fiscal 2025, compared with $-1.53 a year earlier.
When will Battalion Oil report its next earnings?
Battalion Oil is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Battalion Oil's fiscal year end?
Battalion Oil's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 23, 2026.