VOC Energy Trust (VOC) Income Statement
VOC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVOC revenue and net income
Where VOC's revenue goes
2025Each bar shows an amount and its share of revenue. VOC kept 85.8% of revenue as net income.
VOC profit margins
VOC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −36.7% | −28.5% | +11.5% | −0.0% |
| Gross profit | −38.8% | −29.3% | +10.7% | −0.3% |
| Operating income | −40.4% | −30.1% | +14.1% | −0.8% |
| Net income | −40.4% | −30.1% | +14.1% | −0.8% |
| EPS (diluted) | −41.1% | −30.5% | +6.1% | +0.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VOC quarterly EPS vs estimates
Next report: November 9, 2026.
VOC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.6M | $13.6M | $16.5M | $23.6M | $9.3M | $5.0M | $12.7M | $12.9M | $9.2M | $5.7M |
| Cost of revenue | $281,962 | $315,376 | $0 | $0 | $0 | $0 | $0 | −$1,297 | −$977 | −$155 |
| Gross profit | $8.3M | $13.6M | $16.5M | $23.6M | $9.3M | $5.0M | $12.7M | $12.9M | $9.2M | $5.8M |
| Research & development | — | — | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Sales, general & admin | $10.77B | $897,342 | $1.2M | $957,377 | $948,096 | $904,355 | $880,832 | $830,000 | $720,000 | $920,000 |
| Total operating expenses | $942,982 | $1.2M | $1.2M | $1.9M | $632,296 | $1.2M | $846,799 | $868,703 | $794,023 | $904,845 |
| Operating income | $7.4M | $12.4M | $15.2M | $21.7M | $8.7M | $3.8M | $11.8M | $12.1M | $8.4M | $4.8M |
| Interest expense | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Income before taxes | $7.4M | $12.4M | $15.2M | $21.7M | $8.7M | $3.8M | $11.8M | $12.1M | $8.4M | $4.8M |
| Income taxes | — | — | $15.2M | $21.7M | $8.7M | $3.8M | $11.8M | −$161,141 | −$5,000 | −$5,000 |
| Net income | $7.4M | $12.4M | $15.2M | $21.7M | $8.7M | $3.8M | $11.8M | $12.1M | $8.4M | $4.8M |
| EBITDA | $7.4M | $12.4M | $15.2M | $21.7M | $8.7M | $3.8M | $11.8M | $12.1M | $8.4M | $4.8M |
| EPS (diluted) | $0.43 | $0.73 | $0.90 | $1.28 | $0.51 | $0.32 | $0.71 | $0.71 | $0.50 | $0.32 |
| Gross margin | 96.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 85.8% | 91.1% | 92.4% | 91.9% | 93.2% | 76.4% | 93.3% | 93.3% | 91.4% | 84.3% |
| Net margin | 85.8% | 91.1% | 92.4% | 91.9% | 93.2% | 76.4% | 93.3% | 93.3% | 91.4% | 84.3% |
| 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 | $1.7M | $1.6M | $2.1M | $2.2M | $2.5M | $1.9M | $3.2M | $3.4M | $3.4M | $3.6M | $4.1M | $3.8M |
| Cost of revenue | −$242,266 | −$255,525 | $48,277 | $0 | $61,059 | $41,299 | $214,281 | $136,130 | −$52,690 | $17,655 | $5.5M | −$5.5M |
| Gross profit | $1.9M | $1.8M | $2.0M | $2.2M | $2.5M | $1.9M | $3.2M | $3.4M | $3.4M | $3.6M | $4.1M | $3.8M |
| Sales, general & admin | $2.1M | $2.0M | $10.77B | $2.7M | $213,891 | $412,521 | $217,558 | $4.2M | $120,837 | $356,459 | $195,846 | $257,220 |
| Total operating expenses | $327,961 | $311,649 | $160,378 | $287,519 | $274,950 | $453,820 | $182,523 | $338,618 | $317,463 | $374,114 | $296,973 | $217,151 |
| Operating income | $1.6M | $1.5M | $1.9M | $1.9M | $2.2M | $1.4M | $3.1M | $3.1M | $3.1M | $3.2M | $3.8M | $3.6M |
| Income before taxes | $1.6M | $1.5M | $1.9M | $1.9M | $2.2M | $1.4M | $3.1M | $3.1M | $3.1M | $3.2M | $3.8M | $3.6M |
| Income taxes | — | — | — | — | — | — | — | — | $3.1M | $3.2M | $3.8M | −$968,026 |
| Net income | $1.6M | $1.5M | $1.9M | $1.9M | $2.2M | $1.4M | $3.1M | $3.1M | $3.1M | $3.2M | $3.8M | $3.6M |
| EBITDA | $1.6M | $1.5M | $1.9M | $1.9M | $2.2M | $1.4M | $3.1M | $3.1M | $3.1M | $3.2M | $3.8M | $3.6M |
| EPS (diluted) | $0.10 | $0.09 | $0.11 | $0.11 | $0.13 | $0.09 | $0.18 | $0.18 | $0.18 | $0.19 | $0.23 | $0.21 |
| Gross margin | 114.2% | 116.1% | 97.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 95.0% | 96.5% | 90.0% | 86.7% | 88.9% | 76.1% | 94.4% | 90.0% | 90.6% | 89.6% | 92.8% | 94.3% |
| Net margin | 95.0% | 96.5% | 90.0% | 86.7% | 88.9% | 76.1% | 94.4% | 90.0% | 90.6% | 89.6% | 92.8% | 94.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VOC's financial statements (latest annual report filed March 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VOC financial results
In fiscal year 2025 (ended December 31, 2025), VOC Energy reported revenue of $8.6 million, down 36.7% from the year before. It had net income of $7.4 million (down 40.4%), a net profit margin of 85.8%. Diluted earnings per share came to $0.43. Over five years revenue grew at an average rate of 11.5% a year.
See the VOC stock overview for the latest quote and news, or the VOC chart for price history and technical indicators.
VOC income statement FAQ
What is VOC Energy's annual revenue?
VOC Energy reported total revenue of $8.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 36.7% from $13.6 million the previous year.
Is VOC Energy profitable?
Yes. VOC Energy reported net income of $7.4 million in fiscal 2025, a net profit margin of 85.8%; its operating margin was 85.8%.
What is VOC Energy's gross margin?
VOC Energy's gross margin was 96.7% in fiscal 2025: for every $100 of revenue, VOC Energy kept $97 after the direct cost of its products and services.
How fast is VOC Energy growing?
Revenue grew 11.5% a year on average over the last five fiscal years, from $5.0 million to $8.6 million.
What are VOC Energy's earnings per share?
VOC Energy earned $0.43 per diluted share in fiscal 2025, compared with $0.73 a year earlier.
When will VOC Energy report its next earnings?
VOC Energy is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does VOC Energy's fiscal year end?
VOC Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 24, 2026.