TXO (TXO) financial statements
TXO reported revenue of $401M in fiscal 2025, up 15.1% a year over 4 years.
Net income was -$22M and the operating margin -7.6%, against 19.4% in 2021.
The diluted share count rose 99% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TXO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $228M | $246M | $381M | $283M | $401M |
| Selling, general and admin | $12M | $2M | $8M | $15M | $21M |
| Operating income | $44M | -$26M | -$124M | -$7M | -$31M |
| Interest expense | $6M | $8M | $4M | $8M | $17M |
| Net income | $52M | -$8M | -$104M | $23M | -$22M |
| EPS (diluted) | $2.10 | -$0.31 | -$3.44 | $0.65 | -$0.43 |
| Diluted shares | 25M | 25M | 30M | 36M | 50M |
| Operating margin | 19.4% | -10.4% | -32.5% | -2.4% | -7.6% |
| Net margin | 23.0% | -3.1% | -27.3% | 8.3% | -5.4% |
Balance sheet
Fiscal years, from TXO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $9M | $5M | $7M | $9M |
| Receivables | — | $52M | $32M | $40M | $52M |
| Total current assets | — | $74M | $55M | $64M | $95M |
| Property, plant and equipment | — | $836M | $629M | $951M | $1.2B |
| Total assets | — | $925M | $696M | $1.0B | $1.4B |
| Total current liabilities | — | $147M | $39M | $66M | $154M |
| Net debt | -$8M | -$9M | -$5M | -$7M | -$9M |
Cash flow
Fiscal years, from TXO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $74M | $136M | $77M | $109M | $118M |
| Stock-based compensation | $2M | $0 | $3M | $6M | $16M |
| Net borrowing | $10M | -$32M | -$92M | $129M | $134M |
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What was TXO's revenue in 2025?
$401M in fiscal 2025, from its 10-K filing.
From TXO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.