Talos Energy Inc. (TALO) Income Statement
TALO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTALO revenue and net income
Where TALO's revenue goes
2025Each bar shows an amount and its share of revenue. TALO kept −27.9% of revenue as net income.
TALO profit margins
TALO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.8% | +2.5% | +25.3% | +19.1% |
| Gross profit | −86.6% | −61.9% | — | — |
| Operating income | −161.2% | — | — | — |
| Net income | — | — | — | — |
| 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.
TALO quarterly EPS vs estimates
Talos Energy beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.42).
TALO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.78B | $1.97B | $1.46B | $1.65B | $1.24B | $575.9M | $908.1M | $891.3M | $410.3M | $249.8M |
| Cost of revenue | $1.73B | $1.59B | $1.06B | $726.2M | $683.0M | $612.0M | $590.7M | $436.7M | $268.0M | $251.0M |
| Gross profit | $51.4M | $382.6M | $402.3M | $925.8M | $561.6M | −$36.0M | $317.4M | $454.6M | $142.3M | −$1.2M |
| Research & development | — | — | — | — | — | — | — | $0 | — | — |
| Sales, general & admin | $155.4M | $201.5M | $158.5M | $99.8M | $78.7M | $79.2M | $77.2M | $101.2M | $47.4M | $41.8M |
| Total operating expenses | $157.2M | $209.7M | $192.5M | $189.7M | $187.0M | $385.3M | $104.3M | $201.5M | $97.0M | $79.5M |
| Operating income | −$105.8M | $172.9M | $209.8M | $736.1M | $374.6M | −$421.3M | $213.1M | $253.1M | $45.3M | −$80.7M |
| Interest income | — | — | — | — | — | — | $193.2M | $29.7M | $108.5M | $127.8M |
| Interest expense | $163.4M | $187.6M | $173.1M | $125.5M | $133.1M | $99.4M | $97.8M | $90.1M | $80.9M | $70.4M |
| Income before taxes | −$604.5M | −$71.4M | $126.7M | $384.5M | −$184.6M | −$430.0M | $22.6M | $224.5M | −$62.9M | −$208.1M |
| Income taxes | −$109.2M | $5.0M | −$60.6M | $2.5M | −$1.6M | $35.6M | −$36.1M | $2.9M | $81.3M | $70.8M |
| Net income | −$496.4M | −$76.4M | $187.3M | $381.9M | −$183.0M | −$465.6M | $58.7M | $221.5M | −$62.9M | −$208.1M |
| EBITDA | $740.5M | $1.26B | $1.05B | $966.1M | $402.7M | $83.5M | $500.8M | $678.2M | $194.6M | $8.8M |
| EPS (diluted) | −$0.86 | −$0.22 | $0.22 | $1.34 | $0.06 | −$0.45 | $3.56 | $4.24 | −$6.69 | −$460.77 |
| Gross margin | 2.9% | 19.4% | 27.6% | 56.0% | 45.1% | −6.3% | 34.9% | 51.0% | 34.7% | −0.5% |
| Operating margin | −5.9% | 8.8% | 14.4% | 44.6% | 30.1% | −73.2% | 23.5% | 28.4% | 11.0% | −32.3% |
| Net margin | −27.9% | −3.9% | 12.8% | 23.1% | −14.7% | −80.8% | 6.5% | 24.9% | −15.3% | −83.3% |
| 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 | $664.8M | $472.3M | $392.2M | $450.1M | $424.7M | $513.1M | $485.2M | $509.3M | $549.2M | $429.9M | $385.0M | $383.1M |
| Cost of revenue | $155.8M | $394.4M | $423.1M | $396.4M | $406.8M | $408.6M | $384.9M | $437.8M | $447.6M | $351.4M | $287.2M | $267.5M |
| Gross profit | $509.0M | $77.9M | −$30.9M | $53.6M | $17.9M | $104.4M | $100.3M | $71.5M | $101.6M | $78.5M | $97.7M | $115.6M |
| Sales, general & admin | $44.6M | $41.0M | $39.8M | $41.5M | $39.4M | $34.6M | $41.6M | $41.9M | $48.2M | $69.8M | $37.6M | $24.9M |
| Total operating expenses | $310.8M | $52.3M | $42.7M | $139.8M | $291.5M | $61.0M | $73.1M | $47.9M | $47.2M | $10.7M | $63.0M | −$11.1M |
| Operating income | $198.2M | $25.6M | −$73.6M | −$86.2M | −$273.6M | $43.5M | $27.2M | $23.5M | $54.4M | $67.8M | $34.7M | $126.8M |
| Interest expense | $39.2M | $39.2M | $122.7M | $40.8M | $40.8M | $40.9M | $41.5M | $46.3M | $49.0M | $50.8M | $44.3M | $45.6M |
| Income before taxes | $194.7M | −$321.3M | −$252.1M | −$120.1M | −$222.4M | −$10.0M | −$55.1M | $106.3M | $11.4M | −$134.0M | $80.8M | −$18.0M |
| Income taxes | $44.8M | −$65.3M | −$48.4M | −$24.2M | −$36.4M | −$91,000 | $9.4M | $18.1M | −$983,000 | −$21.6M | −$5.1M | −$15.9M |
| Net income | $149.7M | −$256.2M | −$204.6M | −$95.9M | −$185.9M | −$9.9M | −$64.5M | $88.2M | $12.4M | −$112.4M | $85.9M | −$2.1M |
| EBITDA | $427.8M | −$95.2M | $145.4M | $214.1M | $120.2M | $342.6M | $291.6M | $456.2M | $344.2M | $159.4M | $330.9M | $212.3M |
| EPS (diluted) | $0.54 | −$0.07 | −$0.44 | −$0.21 | −$0.27 | $0.06 | $0.08 | −$0.14 | $0.03 | −$0.19 | −$0.01 | $0.15 |
| Gross margin | 76.6% | 16.5% | −7.9% | 11.9% | 4.2% | 20.4% | 20.7% | 14.0% | 18.5% | 18.3% | 25.4% | 30.2% |
| Operating margin | 29.8% | 5.4% | −18.8% | −19.1% | −64.4% | 8.5% | 5.6% | 4.6% | 9.9% | 15.8% | 9.0% | 33.1% |
| Net margin | 22.5% | −54.2% | −52.2% | −21.3% | −43.8% | −1.9% | −13.3% | 17.3% | 2.3% | −26.2% | 22.3% | −0.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TALO's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TALO financial results
In fiscal year 2025 (ended December 31, 2025), Talos Energy reported revenue of $1.8 billion, down 9.8% from the year before. It had a net loss of $496.4 million, a net profit margin of −27.9%. Diluted earnings per share came to −$0.86. Over five years revenue grew at an average rate of 25.3% a year.
See the TALO stock overview for the latest quote and news, or the TALO chart for price history and technical indicators.
TALO income statement FAQ
What is Talos Energy's annual revenue?
Talos Energy reported total revenue of $1.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 9.8% from $2.0 billion the previous year.
Is Talos Energy profitable?
No. Talos Energy reported a net loss of $496.4 million in fiscal 2025, a net profit margin of −27.9%; its operating margin was −5.9%.
What is Talos Energy's gross margin?
Talos Energy's gross margin was 2.9% in fiscal 2025: for every $100 of revenue, Talos Energy kept $3 after the direct cost of its products and services.
How fast is Talos Energy growing?
Revenue grew 25.3% a year on average over the last five fiscal years, from $575.9 million to $1.8 billion.
What are Talos Energy's earnings per share?
Talos Energy earned $-0.86 per diluted share in fiscal 2025, compared with $-0.22 a year earlier.
When will Talos Energy report its next earnings?
Talos Energy is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Talos Energy's fiscal year end?
Talos Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.