VAALCO Energy, Inc. (EGY) Income Statement
EGY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEGY revenue and net income
Where EGY's revenue goes
2025Each bar shows an amount and its share of revenue. EGY kept −11.5% of revenue as net income.
EGY profit margins
EGY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −25.0% | +0.5% | +35.9% | +16.1% |
| Gross profit | −52.3% | −24.8% | +32.0% | +34.1% |
| Operating income | −65.8% | −35.2% | — | — |
| Net income | −171.6% | — | — | — |
| EPS (diluted) | −109.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EGY quarterly EPS vs estimates
VAALCO Energy beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.04).
EGY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $359.3M | $479.0M | $455.1M | $354.3M | $199.1M | $77.4M | $96.8M | $104.9M | $77.0M | $59.8M |
| Cost of revenue | $277.1M | $306.5M | $268.5M | $160.8M | $102.3M | $56.9M | $57.0M | $46.0M | $46.2M | $44.5M |
| Gross profit | $82.2M | $172.5M | $186.6M | $193.5M | $96.8M | $20.5M | $39.7M | $58.9M | $30.9M | $15.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $33.1M | $29.7M | $23.8M | $10.1M | $14.8M | $10.7M | $14.9M | $11.4M | $10.4M | $9.2M |
| Total operating expenses | $35.6M | $36.0M | $27.9M | $22.2M | $17.7M | $47.7M | $18.6M | $7.7M | $10.5M | $18.4M |
| Operating income | $46.6M | $136.5M | $158.7M | $171.3M | $79.1M | −$27.3M | $21.2M | $51.3M | $20.0M | −$4.4M |
| Interest income | $5.4M | $4.5M | $6.2M | $39.8M | $22.8M | $155,000 | $733,000 | $270,000 | $1.4M | $3,000 |
| Interest expense | $8.2M | $3.7M | $6.5M | $2.0M | $44.0M | $155,000 | $733,000 | $145,000 | $1.4M | $2.6M |
| Income before taxes | −$26.6M | $139.8M | $150.1M | $123.3M | $59.8M | −$20.4M | $21.0M | $55.5M | $20.6M | −$9.0M |
| Income taxes | $14.8M | $81.3M | $89.8M | $71.4M | −$22.2M | $27.7M | $23.9M | −$43.3M | $10.4M | $9.2M |
| Net income | −$41.4M | $57.8M | $60.4M | $51.9M | $81.8M | −$48.2M | $2.6M | $98.2M | $9.7M | −$26.6M |
| EBITDA | $91.7M | $286.6M | $276.5M | $173.5M | $101.0M | $14.1M | $28.2M | $61.6M | $28.5M | $1.9M |
| EPS (diluted) | −$0.04 | $0.43 | $0.62 | $1.18 | $1.58 | $0.15 | $0.07 | $0.64 | $0.11 | −$0.44 |
| Gross margin | 22.9% | 36.0% | 41.0% | 54.6% | 48.6% | 26.5% | 41.1% | 56.2% | 40.1% | 25.5% |
| Operating margin | 13.0% | 28.5% | 34.9% | 48.3% | 39.7% | −35.2% | 21.9% | 48.9% | 25.9% | −7.3% |
| Net margin | −11.5% | 12.1% | 13.3% | 14.6% | 41.1% | −62.2% | 2.6% | 93.6% | 12.5% | −44.4% |
| 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 | $135.2M | $62.6M | $91.0M | $61.0M | $128.8M | $110.3M | $121.7M | $140.3M | $116.8M | $100.2M | $149.2M | $116.3M |
| Cost of revenue | $45.5M | $69.0M | $74.0M | $29.9M | $100.5M | $75.1M | $73.7M | $89.4M | $85.6M | $32.1M | $48.2M | $40.0M |
| Gross profit | $89.7M | −$6.4M | $17.1M | $31.1M | $28.2M | $35.2M | $48.0M | $51.0M | $31.2M | $68.1M | $100.9M | $76.3M |
| Sales, general & admin | $11.2M | $8.3M | $6.7M | $9.7M | $8.5M | $9.1M | $8.5M | $7.0M | $10.9M | $9.9M | $13.6M | $8.2M |
| Total operating expenses | $46.1M | $8.0M | $14.7M | $30.2M | $11.0M | $9.0M | $9.5M | $6.9M | $10.8M | $35.9M | $20.0M | $40.8M |
| Operating income | $43.6M | −$14.4M | $2.3M | $898,000 | $17.2M | $26.2M | $38.5M | $44.1M | $20.4M | $32.2M | $80.9M | $35.5M |
| Interest income | — | — | $1.6M | $3.4M | $2.2M | $1.4M | $1.5M | $378,000 | — | — | — | — |
| Interest expense | $2.8M | $1.7M | $2.0M | $2.3M | $2.6M | $1.3M | $1.1M | $588,000 | $1.1M | $935,000 | $1.1M | $1.4M |
| Income before taxes | $59.2M | −$89.4M | −$63.3M | −$2.5M | $15.4M | $23.8M | $28.9M | $43.6M | $37.5M | $29.9M | $81.6M | $32.0M |
| Income taxes | $16.8M | $4.3M | −$4.6M | −$3.6M | $7.0M | $16.1M | $17.2M | $32.6M | $9.3M | $22.2M | $37.6M | $25.8M |
| Net income | $42.4M | −$93.8M | −$58.6M | $1.1M | $8.3M | $7.6M | $11.4M | $11.0M | $28.2M | $7.7M | $44.0M | $6.1M |
| EBITDA | $96.6M | −$72.9M | −$30.4M | $20.4M | $46.2M | $55.4M | $67.0M | $91.2M | $53.8M | $57.2M | $103.8M | $65.8M |
| EPS (diluted) | $0.02 | −$0.45 | −$0.02 | −$0.10 | $0.02 | $0.06 | $0.07 | $0.08 | $0.22 | $0.06 | $0.37 | $0.07 |
| Gross margin | 66.4% | −10.2% | 18.8% | 51.0% | 21.9% | 31.9% | 39.5% | 36.3% | 26.7% | 68.0% | 67.7% | 65.6% |
| Operating margin | 32.3% | −23.0% | 2.6% | 1.5% | 13.3% | 23.7% | 31.6% | 31.4% | 17.5% | 32.1% | 54.3% | 30.6% |
| Net margin | 31.4% | −149.8% | −64.4% | 1.8% | 6.4% | 6.9% | 9.4% | 7.8% | 24.1% | 7.7% | 29.5% | 5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EGY's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EGY financial results
In fiscal year 2025 (ended December 31, 2025), VAALCO Energy reported revenue of $359.3 million, down 25.0% from the year before. It had a net loss of $41.4 million, a net profit margin of −11.5%. Diluted earnings per share came to −$0.04. Over five years revenue grew at an average rate of 35.9% a year.
See the EGY stock overview for the latest quote and news, or the EGY chart for price history and technical indicators.
EGY income statement FAQ
What is VAALCO Energy's annual revenue?
VAALCO Energy reported total revenue of $359.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 25.0% from $479.0 million the previous year.
Is VAALCO Energy profitable?
No. VAALCO Energy reported a net loss of $41.4 million in fiscal 2025, a net profit margin of −11.5%; its operating margin was 13.0%.
What is VAALCO Energy's gross margin?
VAALCO Energy's gross margin was 22.9% in fiscal 2025: for every $100 of revenue, VAALCO Energy kept $23 after the direct cost of its products and services.
How fast is VAALCO Energy growing?
Revenue grew 35.9% a year on average over the last five fiscal years, from $77.4 million to $359.3 million.
What are VAALCO Energy's earnings per share?
VAALCO Energy earned $-0.04 per diluted share in fiscal 2025, compared with $0.43 a year earlier.
When will VAALCO Energy report its next earnings?
VAALCO Energy is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does VAALCO Energy's fiscal year end?
VAALCO Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.