Obsidian Energy Ltd. (OBE) Income Statement
OBE 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsOBE revenue and net income
Where OBE's revenue goes
2025Each bar shows an amount and its share of revenue. OBE kept 6.5% of revenue as net income.
OBE profit margins
OBE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −22.5% | −11.6% | +13.0% | −6.4% |
| Gross profit | −41.7% | −33.5% | +156.8% | — |
| Operating income | −52.0% | −38.9% | +88.0% | — |
| Net income | — | −65.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OBE income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$393.8M | C$508.1M | C$492.9M | C$569.3M | C$354.9M | C$214.1M | C$300.2M | C$298.7M | C$335.2M | C$437.0M |
| Cost of revenue | C$314.9M | C$373.0M | C$354.4M | C$301.2M | C$226.5M | C$213.4M | C$331.6M | C$360.2M | C$413.4M | C$527.9M |
| Gross profit | C$78.9M | C$135.2M | C$138.5M | C$268.1M | C$128.4M | C$706,436 | −C$31.4M | −C$61.5M | −C$78.2M | −C$91.0M |
| Sales, general & admin | C$32.3M | C$28.7M | C$35.2M | C$46.5M | C$56.1M | C$45.1M | C$52.0M | C$66.0M | C$68.0M | C$103.0M |
| Total operating expenses | C$23.5M | C$19.9M | C$26.6M | C$25.5M | C$30.2M | −C$1.6M | C$13.0M | C$22.0M | C$31.1M | C$52.9M |
| Operating income | C$55.3M | C$115.2M | C$112.0M | C$242.6M | C$98.2M | C$2.4M | −C$44.4M | −C$83.5M | −C$109.3M | −C$143.9M |
| Interest income | C$20.8M | C$20.0M | C$20.2M | C$81.3M | C$60.4M | C$1.0M | C$52.0M | C$55.0M | C$6.0M | C$41.0M |
| Interest expense | C$21.8M | C$24.8M | C$24.0M | C$33.1M | C$29.6M | C$29.2M | C$31.3M | C$15.4M | C$18.4M | C$85.0M |
| Income before taxes | C$34.2M | −C$184.2M | C$108.3M | C$415.8M | C$327.3M | −C$605.7M | −C$607.9M | −C$223.3M | −C$77.4M | −C$706.9M |
| Income taxes | C$8.6M | −C$43.4M | C$26.9M | −C$181.8M | C$232.2M | C$31.1M | C$17.0M | −C$63.0M | −C$10.4M | −C$187.9M |
| Net income | C$25.6M | −C$140.8M | C$81.5M | C$597.6M | C$327.3M | −C$605.7M | −C$607.9M | −C$223.3M | −C$67.0M | −C$519.0M |
| EBITDA | C$258.5M | C$364.9M | C$337.7M | C$379.5M | C$197.6M | C$107.7M | C$151.6M | C$134.7M | C$130.1M | C$148.4M |
| Gross margin | 20.0% | 26.6% | 28.1% | 47.1% | 36.2% | 0.3% | −10.5% | −20.6% | −23.3% | −20.8% |
| Operating margin | 14.1% | 22.7% | 22.7% | 42.6% | 27.7% | 1.1% | −14.8% | −27.9% | −32.6% | −32.9% |
| Net margin | 6.5% | −27.7% | 16.5% | 105.0% | 92.2% | −282.9% | −202.5% | −74.8% | −20.0% | −118.8% |
| 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 | C$124.0M | C$99.6M | C$83.6M | C$82.1M | C$91.3M | C$130.2M | C$131.1M | C$143.1M | C$135.8M | C$120.3M | C$116.8M | C$132.6M |
| Cost of revenue | C$73.4M | C$74.1M | C$56.9M | C$71.7M | C$85.3M | C$95.4M | C$99.6M | C$106.1M | C$94.3M | C$89.2M | C$86.5M | C$88.4M |
| Gross profit | C$50.6M | C$25.4M | C$26.7M | C$10.3M | C$5.9M | C$34.8M | C$31.5M | C$37.0M | C$41.6M | C$31.2M | C$30.3M | C$44.2M |
| Sales, general & admin | C$14.0M | C$5.7M | C$6.9M | C$12.1M | C$5.0M | C$5.6M | C$5.1M | C$5.0M | C$4.9M | C$5.5M | C$27.7M | C$30.8M |
| Total operating expenses | C$9.9M | C$4.1M | C$5.0M | C$8.7M | C$3.5M | C$5.9M | C$5.4M | C$443,430 | C$4.2M | C$10.7M | C$1.9M | C$14.4M |
| Operating income | C$40.8M | C$21.4M | C$21.7M | C$1.7M | C$2.4M | C$28.9M | C$26.1M | C$36.5M | C$37.3M | C$20.4M | C$28.4M | C$29.7M |
| Interest income | — | — | C$700,000 | C$2.1M | C$1.2M | C$20.6M | C$600,000 | C$8.6M | — | — | — | — |
| Interest expense | C$4.4M | C$3.8M | C$6.7M | C$4.7M | C$4.4M | C$5.6M | C$6.2M | C$7.6M | C$6.4M | C$8.9M | C$5.4M | C$6.6M |
| Income before taxes | C$38.7M | −C$17.7M | −C$7.4M | C$12.3M | C$14.4M | C$14.2M | −C$259.1M | C$31.6M | C$35.7M | C$12.0M | C$34.8M | C$24.1M |
| Income taxes | C$9.2M | −C$4.2M | C$1.5M | C$287,200 | C$3.2M | C$3.5M | −C$61.2M | C$7.0M | C$8.5M | C$3.2M | C$8.9M | C$5.8M |
| Net income | C$29.6M | −C$13.4M | −C$9.0M | C$12.1M | C$11.2M | C$10.7M | −C$197.9M | C$24.5M | C$27.1M | C$8.8M | C$25.9M | C$18.3M |
| EBITDA | C$87.4M | C$68.2M | C$78.3M | C$46.3M | C$49.1M | C$70.5M | C$74.4M | C$90.6M | C$84.8M | C$61.7M | C$70.2M | C$73.4M |
| Gross margin | 40.8% | 25.6% | 32.0% | 12.6% | 6.5% | 26.7% | 24.1% | 25.8% | 30.6% | 25.9% | 25.9% | 33.3% |
| Operating margin | 32.9% | 21.4% | 26.0% | 2.0% | 2.7% | 22.2% | 19.9% | 25.5% | 27.5% | 17.0% | 24.3% | 22.4% |
| Net margin | 23.9% | −13.5% | −10.7% | 14.7% | 12.3% | 8.2% | −150.9% | 17.1% | 20.0% | 7.3% | 22.2% | 13.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in OBE's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OBE financial results
In fiscal year 2025 (ended December 31, 2025), Obsidian Energy reported revenue of C$393.8 million, down 22.5% from the year before. It had net income of C$25.6 million, a net profit margin of 6.5%. Over five years revenue grew at an average rate of 13.0% a year. Figures are in Canadian dollars, the currency of its financial statements.
See the OBE stock overview for the latest quote and news, or the OBE chart for price history and technical indicators.
OBE income statement FAQ
What is Obsidian Energy's annual revenue?
Obsidian Energy reported total revenue of C$393.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 22.5% from C$508.1 million the previous year.
Is Obsidian Energy profitable?
Yes. Obsidian Energy reported net income of C$25.6 million in fiscal 2025, a net profit margin of 6.5%; its operating margin was 14.1%.
What is Obsidian Energy's gross margin?
Obsidian Energy's gross margin was 20.0% in fiscal 2025: for every $100 of revenue, Obsidian Energy kept $20 after the direct cost of its products and services.
How fast is Obsidian Energy growing?
Revenue grew 13.0% a year on average over the last five fiscal years, from C$214.1 million to C$393.8 million.
When will Obsidian Energy report its next earnings?
Obsidian Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Obsidian Energy's fiscal year end?
Obsidian Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.