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Prairie Operating (PROP) Financials

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$0.76 +0.04 (+6.20%)
As of 02:05 PM Eastern
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Annual Income Statements for Prairie Operating

Annual Income Statements for Prairie Operating

This table shows Prairie Operating's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -4.25 -1.58 -5.73 -2.62 -2.16 -2.03 -18 -14 -79 -41 -61
Consolidated Net Income / (Loss)		 -4.23 -1.58 -5.73 -2.62 -2.16 -1.94 -17 -13 -79 -41 32
Net Income / (Loss) Continuing Operations		 -4.23 -1.51 -5.73 -2.62 -2.16 -2.90 -19 -13 -62 -40 32
Total Pre-Tax Income 		-4.23 -1.51 -5.73 -2.62 -2.16 -2.90 -19 -13 -62 -40 54
Total Operating Income		 -2.88 -1.18 -5.34 -0.94 -1.86 -2.27 -18 -7.61 -17 -27 66
Total Gross Profit		 5.27 6.53 0.01 2.62 0.90 0.41 0.37 0.52 0.00 5.81 191
Total Revenue		 24 23 15 14 11 0.41 0.37 0.52 0.00 7.94 242
Operating Revenue		 23 22 15 14 11 0.41 0.37 0.52 0.00 7.94 242
Total Cost of Revenue		 19 16 15 11 9.67 0.00 0.00 0.00 0.00 2.13 50
Operating Cost of Revenue		 19 16 15 11 9.67 - - - 0.00 2.13 50
Total Operating Expenses		 8.15 7.72 5.35 3.56 2.76 2.69 19 8.12 17 32 126
Selling, General & Admin Expense		 2.75 3.25 2.33 1.57 1.36 2.05 5.79 3.61 16 31 51
Exploration Expense		 - - - - - - - - 0.26 0.73 1.33
Depreciation Expense		 - - - - - 0.02 0.11 0.66 0.00 0.43 49
Other Operating Expenses / (Income)		 5.40 4.47 3.02 1.99 1.13 0.21 0.28 1.07 0.00 0.60 21
Impairment Charge		 - - - - - 0.00 0.06 0.11 - 0.00 3.41
Total Other Income / (Expense), net		 -1.35 -0.33 -0.40 -1.67 -0.30 -0.63 -0.99 -5.79 -45 -13 -12
Interest Expense		 0.00 0.03 0.40 1.68 0.30 0.64 1.18 0.61 0.12 1.14 29
Interest & Investment Income		 -0.02 - - - - - 0.00 -0.15 0.25 0.58 0.76
Other Income / (Expense), net		 -1.32 -0.30 -0.00 0.00 0.00 0.01 0.18 -5.03 -46 -13 16
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22
Net Income / (Loss) Discontinued Operations		 - - - - - 0.96 1.93 -0.02 -17 -2.09 0.00
Preferred Stock Dividends Declared		 - - - - 0.00 0.09 0.37 0.36 - 0.00 93
Weighted Average Basic Shares Outstanding		 51.36M 52.78M 68.54M 3.44M 3.51M 3.51M 4.76M 11.65M 4.79M 15.45M 45.23M
Weighted Average Diluted Shares Outstanding		 51.36M 52.78M 68.54M 3.44M 3.51M 3.51M 4.76M 12.25M 4.79M 15.45M 45.23M
Weighted Average Basic & Diluted Shares Outstanding		 51.36M 52.78M 68.54M 68.87M 3.51M 3.51M 4.76M 12.25M 10.03M 26.86M 76.57M

Quarterly Income Statements for Prairie Operating

This table shows Prairie Operating's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -34 -23 -9.04 -8.51 -11 -12 -93 49 -23 6.57 -174
Consolidated Net Income / (Loss)		 -34 -23 -9.04 -8.51 -11 -12 -2.62 36 1.29 -2.30 -153
Net Income / (Loss) Continuing Operations		 -34 -23 -7.99 -8.51 -11 -12 -2.62 36 1.29 -2.30 -153
Total Pre-Tax Income 		-34 -23 -7.99 -8.51 -11 -12 -2.62 36 1.29 19 -191
Total Operating Income		 -6.31 -7.30 -8.05 -8.57 -8.82 -1.08 1.75 19 27 18 26
Total Gross Profit		 0.00 - 0.00 0.00 0.00 5.81 11 66 60 53 66
Total Revenue		 0.00 - 0.00 0.00 0.00 7.94 14 68 78 82 83
Operating Revenue		 0.00 - 0.00 0.00 0.00 7.94 14 68 78 82 83
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 2.13 2.92 2.23 18 30 17
Operating Cost of Revenue		 - - 0.00 0.00 0.00 2.13 2.92 2.23 18 30 17
Total Operating Expenses		 6.31 7.30 8.05 8.57 8.82 6.89 8.92 47 33 35 40
Selling, General & Admin Expense		 6.31 7.03 7.60 8.51 8.79 5.66 5.55 16 12 16 17
Exploration Expense		 0.00 0.26 0.44 0.06 0.03 0.21 0.29 0.46 0.04 0.55 0.30
Depreciation Expense		 0.00 - 0.00 0.00 0.00 0.43 2.12 12 16 19 16
Other Operating Expenses / (Income)		 - - 0.00 0.00 0.00 0.60 0.96 11 4.75 3.29 6.79
Impairment Charge		 - - - - - - 0.00 - - - 0.41
Total Other Income / (Expense), net		 -28 -16 0.05 0.06 -2.61 -11 -4.37 17 -26 1.51 -217
Interest Expense		 0.07 - 0.00 0.00 0.00 1.14 1.38 9.12 9.04 8.98 8.20
Interest & Investment Income		 0.09 0.12 0.05 0.06 0.43 0.04 0.07 0.09 0.22 0.38 0.19
Other Income / (Expense), net		 -28 -16 0.00 0.00 -3.04 -9.75 -3.06 26 -17 10 -209
Income Tax Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 22 -38
Preferred Stock Dividends Declared		 - - 0.00 0.00 0.00 - 91 -13 24 -8.87 22
Basic Earnings per Share		 ($5.24) ($5.88) ($0.90) ($3.49) ($0.68) - ($3.49) $1.04 ($0.44) - ($2.16)
Weighted Average Basic Shares Outstanding		 6.57M 4.79M 10.00M 12.00M 16.77M 15.45M 26.80M 44.06M 50.62M 45.23M 80.59M
Diluted Earnings per Share		 ($5.24) ($5.88) ($0.90) ($3.49) ($0.68) - ($3.49) $0.18 ($0.44) - ($2.16)
Weighted Average Diluted Shares Outstanding		 6.57M 4.79M 10.00M 12.56M 16.77M 15.45M 26.80M 50.28M 50.62M 45.23M 80.59M
Weighted Average Basic & Diluted Shares Outstanding		 7.48M 10.03M 12.19M 12.56M 22.92M 26.86M 43.83M 50.28M 59.65M 76.57M 97.73M

Annual Cash Flow Statements for Prairie Operating

This table details how cash moves in and out of Prairie Operating's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.07 -0.32 -3.52 -0.75 1.76 -0.88 0.89 -2.54 13 47 -5.17
Net Cash From Operating Activities		 0.44 -2.49 -2.53 -0.74 -0.71 -1.07 -6.97 -2.19 -12 -9.35 154
Net Cash From Continuing Operating Activities		 0.44 -2.56 -3.42 -0.74 -0.71 -1.07 -6.97 -2.19 -13 -9.81 154
Net Income / (Loss) Continuing Operations		 -4.23 -1.58 -5.73 -2.62 -2.16 -1.94 -17 -13 -62 -40 32
Depreciation Expense		 0.12 0.16 0.15 0.08 0.05 0.02 0.11 0.66 0.00 0.43 49
Amortization Expense		 - - - 1.38 0.01 0.03 0.54 -0.01 0.00 0.04 3.18
Non-Cash Adjustments To Reconcile Net Income		 2.66 1.24 -0.02 -0.10 0.55 -0.41 8.88 7.12 48 6.21 95
Changes in Operating Assets and Liabilities, net		 1.89 -2.38 2.19 0.51 0.85 1.22 0.76 3.46 1.45 23 -25
Net Cash From Discontinued Operating Activities		 - - - - - - - - 0.68 0.46 0.00
Net Cash From Investing Activities		 -1.51 -0.31 -0.10 -0.01 -0.01 -0.16 -9.93 -1.82 -24 -83 -656
Net Cash From Continuing Investing Activities		 -1.51 -0.31 -0.10 -0.01 -0.01 -0.16 -9.93 -1.82 -24 -29 -656
Purchase of Property, Plant & Equipment		 -0.11 -0.17 -0.10 -0.01 -0.01 -0.02 -2.32 -5.30 0.00 -29 -657
Acquisitions		 - - - - 0.00 -0.13 - - -1.99 - 0.00
Sale and/or Maturity of Investments		 - - - - - - 0.00 0.09 -0.19 - 0.81
Net Cash From Financing Activities		 0.00 2.48 0.00 0.00 2.47 0.35 18 1.47 49 85 497
Net Cash From Continuing Financing Activities		 0.00 2.48 0.00 0.00 2.47 0.35 18 1.47 49 85 497
Repayment of Debt		 0.00 -0.03 - 0.00 -0.03 - 0.20 -0.01 -0.32 -5.87 -81
Repurchase of Common Equity		 - - - - - - - - 0.00 -5.01 -4.39
Issuance of Debt		 0.00 2.50 - 0.00 2.50 0.35 0.00 0.50 0.00 47 390
Issuance of Preferred Equity		 - - - - - 0.00 4.38 0.00 17 0.00 148
Issuance of Common Equity		 - - - - - 0.00 3.93 0.00 20 15 44
Other Financing Activities, net		 0.00 0.00 - - - 0.00 1.55 0.98 12 34 0.63

Quarterly Cash Flow Statements for Prairie Operating

This table details how cash moves in and out of Prairie Operating's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -1.31 5.80 -8.99 -1.82 38 20 9.78 -4.32 -0.01 -11 0.24
Net Cash From Operating Activities		 -2.88 -4.00 -3.32 -5.12 2.79 -3.69 17 -7.21 58 87 42
Net Cash From Continuing Operating Activities		 -3.04 -4.43 -3.78 -5.12 2.79 -3.69 17 -7.21 58 87 42
Net Income / (Loss) Continuing Operations		 -34 -23 -7.99 -8.51 -11 -12 -2.62 36 1.29 -2.30 -153
Consolidated Net Income / (Loss)		 - - -7.99 - - - -2.62 - - - -153
Depreciation Expense		 - - 0.00 - - 0.43 2.12 12 16 19 16
Amortization Expense		 - - 0.00 - - 0.04 0.27 2.67 0.96 -0.73 0.96
Non-Cash Adjustments To Reconcile Net Income		 29 18 2.07 1.38 6.02 -3.26 -1.13 5.81 40 44 -8.34
Changes in Operating Assets and Liabilities, net		 2.50 1.19 2.14 2.01 8.19 11 18 -64 -0.96 27 186
Net Cash From Investing Activities		 -18 -2.13 -10 -1.71 -2.14 -69 -528 6.14 -86 -47 -36
Net Cash From Continuing Investing Activities		 -18 -2.13 -10 -1.71 -2.14 -15 -528 6.14 -86 -47 -36
Purchase of Property, Plant & Equipment		 -18 21 0.00 -3.93 -4.81 -20 -514 -507 -84 -50 -36
Other Investing Activities, net		 - -21 -10 2.21 2.66 - -15 514 -2.28 - 0.00
Net Cash From Financing Activities		 20 12 4.46 5.02 37 38 521 -3.25 29 -50 -5.69
Net Cash From Continuing Financing Activities		 20 12 4.46 5.02 37 38 521 -3.25 29 -50 -5.69
Repayment of Debt		 - -0.17 0.00 - 3.00 -8.87 -16 -1.93 - -63 -61
Repurchase of Preferred Equity		 - - 0.00 - - - -1.23 -11 -1.11 - 0.00
Repurchase of Common Equity		 - - 0.00 - -4.88 -0.12 -3.41 -0.65 -0.32 -0.34 -1.19
Issuance of Debt		 - 0.17 0.00 - - 47 349 10 30 1.00 56
Issuance of Preferred Equity		 - -0.00 0.00 - - - 148 - - - 0.00
Issuance of Common Equity		 - - 0.00 - 15 - 44 - - - 0.00
Other Financing Activities, net		 - 12 4.46 5.02 24 - 0.58 0.05 - - 0.00

Annual Balance Sheets for Prairie Operating

This table presents Prairie Operating's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 6.77 5.84 2.94 2.23 3.46 2.67 13 1.84 46 157 945
Total Current Assets		 6.50 5.60 2.77 2.12 3.22 2.22 11 0.08 14 18 80
Cash & Equivalents		 4.72 4.40 1.77 1.01 2.78 1.90 2.79 0.08 13 5.19 0.02
Note & Lease Receivable		 - - - - - - - - - 0.49 0.00
Accounts Receivable		 0.41 0.19 0.34 0.12 0.00 0.03 0.00 0.00 0.00 12 46
Inventories, net		 0.04 0.00 0.00 0.00 0.00 0.00 0.02 - - 0.01 3.60
Prepaid Expenses		 1.04 1.00 0.66 0.90 0.44 0.05 0.11 0.00 0.17 0.31 1.45
Other Current Assets		 - - 0.00 0.08 - 0.00 7.61 - 0.00 0.00 29
Plant, Property, & Equipment, net		 0.25 0.22 0.17 0.10 0.06 0.01 2.23 0.00 29 135 824
Plant, Property & Equipment, gross		 - - - - - - - 0.00 29 135 874
Accumulated Depreciation		 - - - - - - - 0.00 0.00 0.43 49
Total Noncurrent Assets		 0.02 0.02 0.01 0.01 0.18 0.44 0.15 1.76 3.45 2.84 40
Other Noncurrent Operating Assets		 0.02 0.02 0.01 0.01 0.18 0.26 0.15 1.76 0.26 2.84 40
Total Liabilities & Shareholders' Equity		 6.77 5.84 2.94 2.23 3.46 2.67 13 1.84 46 157 945
Total Liabilities		 5.42 3.76 6.31 7.14 9.71 9.52 9.00 2.22 5.51 104 678
Total Current Liabilities		 5.42 2.74 6.31 7.14 7.70 7.07 6.04 2.22 5.42 63 126
Accounts Payable		 1.69 1.16 3.02 2.94 3.54 0.60 0.80 2.22 5.37 38 90
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - - 0.00 7.09 31
Other Taxes Payable		 - - - - - - - - - 0.00 23
Other Current Liabilities		 - - - 0.00 0.09 0.11 0.03 0.00 0.04 18 32
Total Noncurrent Liabilities		 0.00 1.03 0.00 0.00 2.01 2.45 2.96 0.00 0.09 40 412
Long-Term Debt		 0.00 1.03 - 0.00 1.93 2.31 2.86 - 0.00 33 367
Asset Retirement Reserve & Litigation Obligation		 - - - - - - - - 0.00 0.23 4.02
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 0.00 22
Other Noncurrent Operating Liabilities		 0.00 - - 0.00 0.08 0.14 0.10 0.00 0.09 7.15 19
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1.35 2.07 -3.38 -4.91 -6.26 -6.84 4.20 0.00 40 53 356
Total Preferred & Common Equity		 1.35 2.07 -3.37 -4.90 -6.24 -6.83 4.20 0.00 40 53 130
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 136
Total Common Equity		 1.35 2.07 -3.35 -4.90 -6.24 -6.83 4.20 0.00 40 53 220
Common Stock		 17 20 20 21 22 23 52 0.00 119 173 218
Retained Earnings		 -16 -18 -23 -26 -28 -30 -47 0.00 -79 -120 -88
Other Equity Adjustments		 0.02 -0.01 - - - - - - - 0.00 90

Quarterly Balance Sheets for Prairie Operating

This table presents Prairie Operating's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 40 47 48 107 775 859 940
Total Current Assets		 7.61 6.19 4.60 57 72 97 121
Cash & Equivalents		 7.24 4.05 2.23 40 15 11 11
Accounts Receivable		 0.10 0.95 0.50 0.51 9.97 47 49
Inventories, net		 - - - - 1.28 3.42 4.89
Prepaid Expenses		 0.27 0.18 0.25 0.27 0.51 0.65 2.02
Other Current Assets		 - 1.02 1.63 - 45 36 55
Plant, Property, & Equipment, net		 32 31 33 42 673 738 797
Plant, Property & Equipment, gross		 33 31 33 42 675 753 828
Accumulated Depreciation		 0.56 0.00 0.00 0.00 2.54 15 31
Total Noncurrent Assets		 0.15 9.58 10 7.94 31 23 22
Other Noncurrent Operating Assets		 0.15 9.58 9.95 7.70 31 23 22
Total Liabilities & Shareholders' Equity		 40 47 48 107 775 859 940
Total Liabilities		 62 8.87 13 46 553 600 679
Total Current Liabilities		 12 8.65 13 45 127 162 145
Accounts Payable		 6.71 8.49 12 23 44 79 103
Current Deferred & Payable Income Tax Liabilities		 - - - - 32 36 27
Other Taxes Payable		 - - - - - - 16
Other Current Liabilities		 2.43 0.16 0.17 17 51 47 36
Total Noncurrent Liabilities		 51 0.22 0.18 0.88 426 438 423
Long-Term Debt		 - - - - 378 388 418
Asset Retirement Reserve & Litigation Obligation		 - - - - 2.61 2.67 3.19
Other Noncurrent Operating Liabilities		 51 0.22 0.18 0.88 45 47 1.35
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -64 38 36 61 34 94 335
Total Preferred & Common Equity		 -64 38 36 61 34 94 102
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00 170
Total Common Equity		 -64 38 36 61 34 94 165
Common Stock		 -8.65 126 132 169 157 181 188
Retained Earnings		 -55 -88 -96 -108 -122 -87 -85
Other Equity Adjustments		 - - - - -0.34 -0.42 62

Annual Metrics And Ratios for Prairie Operating

This table displays calculated financial ratios and metrics derived from Prairie Operating's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 51,368,386.00 51,368,386.00 68,535,036.00 68,535,036.00 70,135,036.00 7,013,504.00 6,494,792.00 12,276,036.00 7,475,315.00 - 50,277,744.00
DEI Adjusted Shares Outstanding		 51,368,386.00 51,368,386.00 68,535,036.00 68,535,036.00 70,135,036.00 7,013,504.00 6,494,792.00 12,276,036.00 7,475,315.00 - 50,277,744.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.08 -0.03 -0.08 -0.04 -0.03 -0.29 -2.72 -1.12 -10.58 - -1.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.19% -5.51% -33.63% -7.74% -23.91% -96.10% -10.31% 39.97% -100.00% 0.00% 2,943.81%
EBITDA Growth		 -488.20% 67.64% -292.47% 110.02% -446.56% -22.37% -687.71% 30.98% -418.30% 37.50% 443.84%
EBIT Growth		 -517.56% 64.78% -260.31% 82.43% -98.01% -21.93% -696.00% 29.88% -391.63% 36.75% 307.27%
NOPAT Growth		 -237.40% 58.98% -351.48% 82.37% -97.38% -22.47% -700.57% 58.23% -117.34% -60.36% 310.88%
Net Income Growth		 -525.31% 62.76% -263.55% 54.38% 17.34% 10.24% -790.06% 22.30% -489.32% 48.27% 178.34%
EPS Growth		 -500.00% 62.50% -166.67% -850.00% 18.42% 6.45% 0.00% 0.00% 0.00% 83.95% 0.00%
Operating Cash Flow Growth		 -80.26% -661.47% -1.83% 70.66% 5.09% -51.75% -550.94% 68.54% -444.60% 21.72% 1,746.36%
Free Cash Flow Firm Growth		 -110.27% -1,607.25% 64.78% -21.80% 89.58% -4,308.55% -292.43% 119.23% -927.49% -97.70% -704.86%
Invested Capital Growth		 -121.13% 61.37% -208.42% 14.54% -34.09% 89.43% 1,984.36% -105.01% 5,245.00% 219.83% 802.76%
Revenue Q/Q Growth		 -3.48% -7.05% 0.27% -6.94% 14.33% -92.73% 110.77% -56.67% 0.00% 0.00% 44.40%
EBITDA Q/Q Growth		 -34.26% -10.11% 21.30% 168.78% -49.51% -31.91% -142.30% 30.56% 0.00% 0.00% 72.57%
EBIT Q/Q Growth		 -33.64% -9.55% 20.99% -10.62% 6.90% -32.50% -139.73% 30.12% 0.00% 0.00% 90.90%
NOPAT Q/Q Growth		 -75.67% -45.53% 20.55% -10.98% 6.90% -33.08% -142.17% 58.82% 0.00% 0.00% -16.11%
Net Income Q/Q Growth		 -39.76% -14.24% 19.69% -43.11% 28.55% 13.02% -211.37% 30.39% 0.00% 0.00% 42.98%
EPS Q/Q Growth		 -33.33% -200.00% 33.33% -2,433.33% 44.64% 3.33% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 147.90% -678.42% 42.03% -1,011.38% 23.69% -21.37% -12.13% 22.81% 0.00% 0.00% 141.63%
Free Cash Flow Firm Q/Q Growth		 87.11% -134.32% -122.34% 81.18% 90.01% -320.51% -209.40% 118.25% 0.00% 0.00% 9.75%
Invested Capital Q/Q Growth		 -222.88% -245.85% 58.35% 5.51% -23.33% 86.37% 675.78% -105.05% 0.00% 0.00% -2.57%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.92% 28.78% 0.06% 18.87% 8.55% 100.00% 100.00% 100.00% 0.00% 89.12% 79.18%
EBITDA Margin		 -17.01% -5.83% -34.45% 3.74% -17.04% -534.90% -4,697.94% -2,316.57% 0.00% -489.27% 55.27%
Operating Margin		 -11.99% -5.21% -35.42% -6.77% -17.56% -551.68% -4,924.36% -1,469.63% 0.00% -333.96% 27.14%
EBIT Margin		 -17.51% -6.53% -35.43% -6.75% -17.56% -549.25% -4,874.72% -2,442.21% 0.00% -495.09% 33.71%
Profit (Net Income) Margin		 -17.62% -6.95% -38.05% -18.81% -20.44% -470.60% -4,670.23% -2,592.50% 0.00% -515.33% 13.26%
Tax Burden Percent		 100.00% 104.58% 100.00% 100.00% 100.00% 66.87% 89.94% 100.13% 127.51% 102.62% 59.68%
Interest Burden Percent		 100.66% 101.79% 107.40% 278.82% 116.39% 128.13% 106.52% 106.01% 99.80% 101.43% 65.92%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 40.32%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -293.44% -122.19% 0.00% -37.42% 9.73%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -373.25% -513.53% 0.00% -750.88% 6.15%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1,598.33% -463.87% 0.00% -50.62% 5.93%
Return on Equity (ROE)		 -150.79% -92.18% 876.87% 63.07% 38.70% 29.62% 1,304.90% -586.06% -390.00% -88.04% 15.66%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -244.24% 0.00% -150.92% -142.14% -150.38%
Operating Return on Assets (OROA)		 -56.21% -23.51% -121.67% -36.31% -65.38% -73.93% -227.18% -168.09% 0.00% -38.87% 14.80%
Return on Assets (ROA)		 -56.58% -25.02% -130.67% -101.25% -76.09% -63.34% -217.65% -178.44% 0.00% -40.46% 5.82%
Return on Common Equity (ROCE)		 -150.79% -92.18% 860.11% 62.79% 38.62% 29.56% 1,298.75% -537.23% -386.33% -88.04% 10.45%
Return on Equity Simple (ROE_SIMPLE)		 -313.47% -76.15% 170.32% 53.35% 34.62% 28.40% -411.42% 0.00% -196.85% -77.53% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.02 -0.83 -3.74 -0.66 -1.30 -1.59 -13 -5.32 -12 -19 39
NOPAT Margin		 -8.40% -3.65% -24.80% -4.74% -12.29% -386.17% -3,447.05% -1,028.74% 0.00% -233.77% 16.20%
Net Nonoperating Expense Percent (NNEP)		 -42.17% -18.51% -99.51% 465.74% 55.02% 8.69% 79.81% 391.34% -776.71% 713.47% 3.59%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -28.81% -22.98% 5.41%
Cost of Revenue to Revenue		 78.08% 71.22% 99.94% 81.13% 91.45% 0.00% 0.00% 0.00% 0.00% 10.88% 20.82%
SG&A Expenses to Revenue		 11.45% 14.31% 15.46% 11.31% 12.86% 496.74% 1,565.10% 696.78% 0.00% 385.00% 20.95%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 33.91% 33.99% 35.49% 25.64% 26.11% 651.68% 5,024.36% 1,569.63% 0.00% 423.08% 52.04%
Earnings before Interest and Taxes (EBIT)		 -4.21 -1.48 -5.34 -0.94 -1.86 -2.26 -18 -13 -62 -39 81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.09 -1.32 -5.19 0.52 -1.80 -2.21 -17 -12 -62 -39 134
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.35
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.35
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.32
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.80
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.34
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.12
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.77
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.50 -0.33 -0.51 -0.71 -0.70 1.28 0.00 0.00 0.53 1.03
Long-Term Debt to Equity		 0.00 0.50 0.00 0.00 -0.31 -0.34 0.68 0.00 0.00 0.53 1.03
Financial Leverage		 -1.87 -2.37 3.07 -0.10 -0.28 -0.61 -4.28 0.90 -0.43 0.07 0.96
Leverage Ratio		 2.66 3.68 -6.71 -0.62 -0.51 -0.47 -6.00 3.28 1.17 2.18 2.69
Compound Leverage Factor		 2.68 3.75 -7.21 -1.74 -0.59 -0.60 -6.39 3.48 1.17 2.21 1.77
Debt to Total Capital		 0.00% 33.15% -49.39% -103.11% -242.37% -236.66% 56.09% 0.00% 0.00% 34.67% 50.76%
Short-Term Debt to Total Capital		 0.00% 0.00% -49.39% -103.11% -136.80% -122.96% 26.15% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 33.15% 0.00% 0.00% -105.57% -113.70% 29.93% 0.00% 0.00% 34.67% 50.76%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.81%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.55% 0.52% 0.68% 0.61% 0.00% 100.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 66.85% 148.28% 202.59% 341.69% 336.04% 43.91% 0.00% 100.00% 65.33% 30.43%
Debt to EBITDA		 0.00 -0.78 -0.22 4.80 -2.46 -2.18 -0.31 0.00 0.00 -0.72 2.75
Net Debt to EBITDA		 0.00 2.55 0.13 2.85 -0.92 -1.32 -0.13 0.00 0.00 -0.59 2.75
Long-Term Debt to EBITDA		 0.00 -0.78 0.00 0.00 -1.07 -1.05 -0.16 0.00 0.00 -0.72 2.75
Debt to NOPAT		 0.00 -1.24 -0.30 -3.79 -3.41 -3.02 -0.42 0.00 0.00 -1.51 9.39
Net Debt to NOPAT		 0.00 4.08 0.17 -2.25 -1.27 -1.83 -0.18 0.00 0.00 -1.23 9.39
Long-Term Debt to NOPAT		 0.00 -1.24 0.00 0.00 -1.48 -1.45 -0.22 0.00 0.00 -1.51 9.39
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 1.91% 0.45% 0.22% 0.19% 0.47% 8.33% 0.94% 0.00% 33.27%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.20 2.05 0.44 0.30 0.42 0.31 1.79 0.04 2.50 0.29 0.63
Quick Ratio		 0.95 1.68 0.33 0.16 0.36 0.27 0.51 0.04 2.41 0.14 0.36
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.17 -2.90 -1.02 -1.24 -0.13 -5.71 -22 4.31 -36 -71 -605
Operating Cash Flow to CapEx		 420.99% -1,544.00% -2,583.40% -6,509.57% -11,732.67% -4,329.11% -301.00% -41.41% 0.00% -1,963.87% 23.43%
Free Cash Flow to Firm to Interest Expense		 -58.34 -109.41 -2.58 -0.74 -0.43 -8.96 -19.07 7.02 -292.31 -61.74 -21.20
Operating Cash Flow to Interest Expense		 152.33 -93.95 -6.41 -0.44 -2.32 -1.68 -5.93 -3.57 -97.88 -8.19 5.40
Operating Cash Flow Less CapEx to Interest Expense		 116.15 -100.04 -6.66 -0.45 -2.34 -1.72 -7.90 -12.20 -97.88 -8.60 -17.63
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 3.21 3.60 3.43 5.38 3.72 0.13 0.05 0.07 0.00 0.08 0.44
Accounts Receivable Turnover		 0.00 76.31 57.53 60.39 169.92 24.57 21.83 0.00 0.00 0.00 8.31
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.89
Fixed Asset Turnover		 93.21 97.28 79.02 104.84 133.99 12.14 0.33 0.00 0.00 0.10 0.50
Accounts Payable Turnover		 10.43 11.34 7.19 3.78 2.99 0.00 0.00 0.00 0.00 0.04 0.78
Days Sales Outstanding (DSO)		 0.00 4.78 6.34 6.04 2.15 14.86 16.72 0.00 0.00 0.00 43.90
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.09
Days Payable Outstanding (DPO)		 34.99 32.19 50.74 96.44 122.20 0.00 0.00 0.00 0.00 9,209.28 465.74
Cash Conversion Cycle (CCC)		 -34.99 -27.40 -44.39 -90.39 -120.05 14.86 16.72 0.00 0.00 -9,209.28 -408.75
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -3.37 -1.30 -4.02 -3.43 -4.61 -0.49 9.18 -0.46 24 76 724
Invested Capital Turnover		 -9.81 -9.71 -5.66 -3.73 -2.63 -0.16 0.09 0.12 0.00 0.16 0.60
Increase / (Decrease) in Invested Capital		 -1.85 2.07 -2.72 0.58 -1.17 4.12 9.66 -9.63 24 52 644
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 580
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76
Book Value per Share		 $0.03 $0.04 ($0.05) ($0.07) ($0.09) ($1.95) $0.65 $0.00 $5.37 $2.30 $4.87
Tangible Book Value per Share		 $0.03 $0.04 ($0.05) ($0.07) ($0.09) ($1.95) $0.65 $0.00 $5.37 $2.30 $4.87
Total Capital		 1.35 3.10 -2.26 -2.42 -1.83 -2.03 9.56 0.38 40 81 724
Total Debt		 0.00 1.03 1.12 2.50 4.43 4.81 5.36 0.00 0.00 28 367
Total Long-Term Debt		 0.00 1.03 0.00 0.00 1.93 2.31 2.86 0.00 0.00 28 367
Net Debt		 -4.72 -3.37 -0.65 1.48 1.65 2.91 2.27 -0.08 -13 23 367
Capital Expenditures (CapEx)		 0.11 0.16 0.10 0.01 0.01 0.02 2.32 5.30 0.00 0.48 657
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3.64 -1.54 -4.19 -3.54 -4.76 -4.25 4.20 -2.22 -4.92 -50 -46
Debt-free Net Working Capital (DFNWC)		 1.08 2.86 -2.42 -2.53 -1.99 -2.35 7.29 -2.14 8.12 -45 -46
Net Working Capital (NWC)		 1.08 2.86 -3.54 -5.02 -4.49 -4.85 4.79 -2.14 8.12 -45 -46
Net Nonoperating Expense (NNE)		 2.22 0.75 2.00 1.96 0.86 0.35 4.52 8.09 68 22 7.09
Net Nonoperating Obligations (NNO)		 -4.72 -3.37 -0.64 1.48 1.65 6.36 4.98 -0.84 -17 23 367
Total Depreciation and Amortization (D&A)		 0.12 0.16 0.15 1.46 0.06 0.06 0.65 0.65 0.00 0.46 52
Debt-free, Cash-free Net Working Capital to Revenue		 -15.17% -6.78% -27.83% -25.49% -45.03% -1,029.79% 1,135.96% -429.29% 0.00% -628.53% -19.07%
Debt-free Net Working Capital to Revenue		 4.49% 12.61% -16.09% -18.19% -18.77% -569.55% 1,970.95% -413.87% 0.00% -563.13% -19.06%
Net Working Capital to Revenue		 4.49% 12.61% -23.50% -36.14% -42.41% -1,175.86% 1,294.92% -413.87% 0.00% -563.13% -19.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) ($0.16) ($0.08) ($0.04) ($0.62) ($0.53) ($3.71) ($1.18) $0.00 ($2.65) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 51.36M 52.78M 68.54M 68.87M 3.51M 3.51M 10.45M 11.65M 0.00 15.45M 45.23M
Adjusted Diluted Earnings per Share		 ($0.08) ($0.16) ($0.08) ($0.04) ($0.62) ($0.53) ($3.71) $0.00 $0.00 ($2.65) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 51.36M 52.78M 68.54M 68.87M 3.51M 3.51M 10.45M 12.25M 0.00 15.45M 45.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.16) ($0.08) ($0.04) $0.00 $0.00 ($3.71) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 51.36M 52.78M 68.54M 68.87M 3.51M 3.51M 4.76M 12.25M 0.00 26.86M 76.57M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.02 -0.83 -3.74 -0.66 -1.11 -1.31 -4.07 -3.37 -12 -19 41
Normalized NOPAT Margin		 -8.40% -3.65% -24.80% -4.74% -10.47% -316.92% -1,100.20% -651.64% 0.00% -233.77% 17.04%
Pre Tax Income Margin		 -17.62% -6.64% -38.05% -18.81% -20.44% -703.75% -5,192.51% -2,589.07% 0.00% -502.17% 22.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1,446.05 -55.95 -13.51 -0.56 -6.10 -3.56 -15.34 -20.59 -509.40 -34.42 2.86
NOPAT to Interest Expense		 -693.46 -31.25 -9.46 -0.39 -4.27 -2.50 -10.85 -8.67 -94.86 -16.25 1.37
EBIT Less CapEx to Interest Expense		 -1,482.23 -62.04 -13.76 -0.57 -6.12 -3.59 -17.31 -29.22 -509.40 -34.83 -20.17
NOPAT Less CapEx to Interest Expense		 -729.64 -37.34 -9.70 -0.40 -4.29 -2.54 -12.82 -17.30 -94.86 -16.67 -21.65
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.17% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.17% -12.24% 13.69%

Quarterly Metrics And Ratios for Prairie Operating

This table displays calculated financial ratios and metrics derived from Prairie Operating's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 175,961,698.00 7,475,315.00 20,058,382.00 12,190,077.00 12,564,861.00 22,918,763.00 26,859,071.00 43,829,697.00 50,277,744.00 50,277,744.00 50,277,744.00
DEI Adjusted Shares Outstanding		 175,961,698.00 7,475,315.00 20,058,382.00 12,190,077.00 12,564,861.00 22,918,763.00 26,859,071.00 43,829,697.00 50,277,744.00 50,277,744.00 50,277,744.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.20 -3.14 -0.45 -0.70 -0.91 -0.52 -3.48 1.11 -0.45 0.13 -3.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 935.86% 513.81%
EBITDA Growth		 -14,562.19% -210.92% -12,393.79% -102.27% 65.40% 55.89% 113.47% 795.31% 328.68% 541.36% -15,437.27%
EBIT Growth		 -10,967.69% -204.31% -12,393.79% -99.06% 65.40% 53.93% 83.73% 621.80% 185.27% 357.96% -13,884.95%
NOPAT Growth		 -1,940.30% -192.08% -12,393.79% -199.88% -39.59% 85.14% 121.79% 415.69% 538.34% -179.69% 1,374.50%
Net Income Growth		 -11,019.39% -194.33% -13,934.35% 59.74% 66.81% 49.10% 71.04% 519.11% 111.27% 80.72% -5,733.89%
EPS Growth		 0.00% 0.00% 0.00% 35.25% 87.02% 0.00% -287.78% 105.16% 35.29% 0.00% 38.11%
Operating Cash Flow Growth		 0.00% -1,207.95% -4,004,719.28% -1.26% 196.96% 7.82% 609.39% -40.71% 1,966.74% 2,444.66% 149.63%
Free Cash Flow Firm Growth		 390.77% -470.24% -589.52% -619.33% -288.37% -96.30% -1,414.16% -1,417.62% -1,054.56% -1,026.81% 209.61%
Invested Capital Growth		 -397.28% 5,245.00% 1,075.41% 3,957.82% 198.10% 239.34% 1,642.65% 1,810.21% 2,702.15% 802.76% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 71.18% 401.10% 14.13% 5.81% 1.43%
EBITDA Q/Q Growth		 -708.61% 31.33% 65.80% -6.51% -38.34% 12.48% 110.45% 5,426.99% -54.50% 68.92% -463.08%
EBIT Q/Q Growth		 -695.78% 31.33% 65.80% -6.51% -38.34% 8.58% 87.92% 3,515.81% -77.39% 176.56% -754.85%
NOPAT Q/Q Growth		 -121.00% -15.54% -10.26% -6.51% -2.87% 87.70% 261.72% 1,443.15% 42.84% -107.85% 952.56%
Net Income Q/Q Growth		 -62.75% 31.85% 61.47% 5.79% -34.18% -4.49% 78.08% 1,463.51% -96.39% -278.87% -6,532.19%
EPS Q/Q Growth		 2.78% -12.21% 84.69% -287.78% 80.52% 0.00% 0.00% 105.16% -344.44% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% -39.11% 16.96% -54.15% 154.45% -232.26% 558.86% -142.58% 899.75% 50.04% -51.15%
Free Cash Flow Firm Q/Q Growth		 327.59% -192.10% -24.63% -5.81% -55.10% 4.02% -861.32% -6.05% -17.99% 6.33% 193.51%
Invested Capital Q/Q Growth		 -3,391.22% 187.43% 42.26% -0.87% -20.43% 202.40% 630.57% 8.66% 16.72% -2.57% -100.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 73.18% 78.52% 96.72% 77.39% 64.00% 79.22%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -130.68% 7.98% 87.49% 34.88% 55.68% -199.31%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -13.65% 12.90% 27.81% 34.80% 21.69% 30.99%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -136.50% -9.63% 65.66% 13.01% 33.99% -219.46%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -150.36% -19.26% 52.40% 1.66% -2.80% -183.02%
Tax Burden Percent		 100.52% 100.17% 113.06% 100.00% 100.00% 100.01% 100.00% 100.00% 100.00% -11.90% 79.91%
Interest Burden Percent		 99.95% 99.54% 99.35% 99.36% 96.37% 110.14% 199.92% 79.80% 12.73% 69.23% 104.37%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 111.90% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -1.46% 0.63% 7.44% 15.14% -1.55% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -207.04% -1.51% 16.36% 1.34% -1.64% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% -24.23% -2.09% 20.88% 1.26% -1.58% 0.00%
Return on Equity (ROE)		 0.00% -390.00% -581.94% -346.41% 3,798.11% -25.69% -1.46% 28.32% 16.40% -3.14% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% -150.92% -262.72% -314.30% -288.33% -144.71% -182.07% -176.88% -174.09% -150.38% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -10.72% -0.50% 12.98% 4.16% 14.92% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -11.81% -1.01% 10.36% 0.53% -1.23% 0.00%
Return on Common Equity (ROCE)		 0.00% -386.33% -581.94% -346.41% 3,798.31% -25.69% -0.40% 12.48% 9.35% -2.09% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -233.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.42 -5.11 -5.63 -6.00 -6.17 -0.76 1.23 19 27 -2.12 18
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -9.56% 9.03% 27.81% 34.80% -2.58% 21.69%
Net Nonoperating Expense Percent (NNEP)		 129.82% -211.08% 109.60% -53.54% 467.45% 205.58% 2.14% -8.92% 13.80% 0.09% 0.00%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 26.82% 21.48% 3.28% 22.61% 36.00% 20.78%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 71.29% 40.85% 24.15% 15.79% 19.88% 20.24%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 86.84% 65.62% 68.91% 42.59% 42.30% 48.23%
Earnings before Interest and Taxes (EBIT)		 -34 -24 -8.05 -8.57 -12 -11 -1.31 45 10 28 -183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -34 -24 -8.05 -8.57 -12 -10 1.08 60 27 46 -166
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.13 2.33 3.83 2.40 2.03 4.21 1.60 0.61 0.35 0.00
Price to Tangible Book Value (P/TBV)		 0.00 1.13 2.33 3.83 2.40 2.03 4.21 1.60 0.61 0.35 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 13.47 6.66 1.68 0.60 0.32 0.53
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.38 2.49 4.02 4.23 1.68 1.19 1.09 0.91 0.80 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 16.92 32.29 7.73 4.05 2.40 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.03 8.77 4.34 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33.46 15.90 7.12 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64.22 14.55 14.82 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 63.73 78.55 10.65 3.77 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -0.04 0.00 0.00 0.00 0.09 0.62 1.70 1.50 1.25 1.03 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.62 1.70 1.50 1.25 1.03 0.00
Financial Leverage		 -0.72 -0.43 0.21 -0.22 -0.81 0.12 1.38 1.28 0.94 0.96 0.00
Leverage Ratio		 -0.82 1.17 1.75 1.49 -53.34 2.18 3.16 3.08 2.64 2.69 0.00
Compound Leverage Factor		 -0.82 1.17 1.74 1.48 -51.41 2.40 6.32 2.46 0.34 1.86 0.00
Debt to Total Capital		 -3.95% 0.00% 0.00% 0.00% 7.93% 38.19% 62.99% 60.02% 55.55% 50.76% 0.00%
Short-Term Debt to Total Capital		 -3.95% 0.00% 0.00% 0.00% 7.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 38.19% 62.99% 60.02% 55.55% 50.76% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.60% 18.81% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 31.34% 25.43% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 103.95% 100.00% 100.00% 100.00% 92.07% 61.81% 5.67% 14.55% 21.85% 30.43% 0.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.10 -0.84 -12.74 10.11 5.41 2.75 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.67 -0.71 -12.23 9.83 5.27 2.75 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.84 -12.74 10.11 5.41 2.75 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.23 -1.76 -32.35 36.00 8.97 9.39 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 1.52 -1.48 -31.07 35.01 8.74 9.39 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -1.76 -32.35 36.00 8.97 9.39 0.00
Altman Z-Score		 0.00 1.06 2.66 2.87 0.28 -0.97 -0.13 0.20 0.14 0.23 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.94% 0.00% 0.00% -0.01% 0.00% 72.42% 55.92% 42.98% 33.27% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.66 2.50 0.72 0.37 1.27 0.29 0.57 0.60 0.83 0.63 0.00
Quick Ratio		 0.63 2.41 0.58 0.22 1.26 0.29 0.20 0.36 0.41 0.36 0.00
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 32 -29 -36 -39 -60 -57 -551 -584 -689 -646 604
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% -130.48% 58.06% -18.65% 3.30% -1.42% 68.67% 171.78% 116.32%
Free Cash Flow to Firm to Interest Expense		 467.95 0.00 0.00 0.00 0.00 -50.19 -399.83 -64.04 -76.28 -71.92 73.67
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -3.23 12.29 -0.79 6.38 9.63 5.16
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -20.56 -360.41 -56.40 -2.91 4.03 0.72
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.08 0.05 0.20 0.32 0.44 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 3.94 3.76 6.80 8.31 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.89 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.10 0.06 0.23 0.40 0.50 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.10 0.19 0.09 0.34 0.78 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 92.57 97.05 53.68 43.90 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.09 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 3,737.35 1,885.65 4,179.84 1,060.41 465.74 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 -3,737.35 -1,793.07 -4,082.80 -1,006.73 -408.75 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -27 24 34 33 27 80 586 637 743 724 0.00
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.15 0.07 0.27 0.43 0.60 0.00
Increase / (Decrease) in Invested Capital		 -36 24 31 33 54 57 552 603 716 644 -586
Enterprise Value (EV)		 0.00 33 84 134 112 134 695 693 679 580 0.00
Market Capitalization		 0.00 46 88 136 147 107 143 151 100 76 164
Book Value per Share		 ($0.36) $5.37 $3.76 $2.92 $4.88 $2.30 $1.27 $2.15 $3.27 $4.87 $0.00
Tangible Book Value per Share		 ($0.36) $5.37 $3.76 $2.92 $4.88 $2.30 $1.27 $2.15 $3.27 $4.87 $0.00
Total Capital		 -62 40 38 36 67 85 601 647 753 724 0.00
Total Debt		 2.43 0.00 0.00 0.00 5.28 33 378 388 418 367 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 33 378 388 418 367 0.00
Net Debt		 -4.81 -13 -4.05 -2.23 -35 27 363 378 408 367 0.00
Capital Expenditures (CapEx)		 0.00 -21 0.00 3.93 4.81 20 514 507 84 50 36
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8.80 -4.92 -6.50 -10 -23 -50 -70 -75 -35 -46 0.00
Debt-free Net Working Capital (DFNWC)		 -1.56 8.12 -2.45 -7.90 17 -45 -55 -64 -24 -46 0.00
Net Working Capital (NWC)		 -3.99 8.12 -2.45 -7.90 12 -45 -55 -64 -24 -46 0.00
Net Nonoperating Expense (NNE)		 30 18 3.41 2.52 5.25 11 3.84 -17 26 0.18 171
Net Nonoperating Obligations (NNO)		 37 -17 -4.05 -2.23 -35 27 363 378 408 367 0.00
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.46 2.39 15 17 18 17
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% -628.53% -323.80% -83.56% -20.72% -19.07% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% -563.13% -254.25% -71.67% -14.36% -19.06% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% -563.13% -254.25% -71.67% -14.36% -19.06% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($5.24) ($5.88) ($0.90) ($0.71) ($0.68) $0.00 ($3.49) $1.04 ($0.44) $0.00 ($2.16)
Adjusted Weighted Average Basic Shares Outstanding		 6.57M 4.79M 10.00M 12.00M 16.77M 15.45M 26.80M 44.06M 50.62M 45.23M 80.59M
Adjusted Diluted Earnings per Share		 ($5.24) ($5.88) ($0.90) ($0.71) ($0.68) $0.00 ($3.49) $0.18 ($0.44) $0.00 ($2.16)
Adjusted Weighted Average Diluted Shares Outstanding		 6.57M 4.79M 12.19M 12.00M 16.77M 15.45M 43.83M 50.28M 50.62M 45.23M 80.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.48M 10.03M 12.19M 12.56M 22.92M 26.86M 43.83M 50.28M 59.65M 76.57M 97.73M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.42 -5.11 -5.63 -6.00 -6.17 -0.76 1.23 13 19 12 18
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -9.56% 9.03% 19.46% 24.36% 15.19% 22.04%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% -150.35% -19.26% 52.40% 1.66% 23.53% -229.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -505.66 0.00 0.00 0.00 0.00 -9.49 -0.95 4.90 1.12 3.11 -22.33
NOPAT to Interest Expense		 -65.25 0.00 0.00 0.00 0.00 -0.66 0.89 2.08 2.99 -0.24 2.21
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -26.82 -373.65 -50.71 -8.17 -2.50 -26.77
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -17.99 -371.81 -53.53 -6.30 -5.85 -2.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -1.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -1.17% 0.00% 0.00% -9.32% -12.24% -24.41% 90.03% 18.60% 13.69% -1.83%

Financials Breakdown Chart

Key Financial Trends

Prairie Operating’s latest quarter shows a sharp revenue rebound, but the bottom line remains under heavy pressure from large non-operating charges and debt costs. In Q1 2026, revenue surged to $83.4 million from $82.2 million in Q4 2025 and far above $13.6 million in Q1 2025, indicating a much larger business than a year ago. Operating income was also solid at $25.8 million, but net results were dragged down by $208.9 million in other expense and $8.2 million of interest expense, producing a $174.4 million loss attributable to common shareholders.

  • Q1 2026 revenue grew to $83.4 million, up from $13.6 million in Q1 2025, showing a dramatic step-up in the company’s operating scale.
  • Gross profit improved to $66.1 million in Q1 2026, supported by a strong gross margin versus revenue.
  • Operating income reached $25.8 million in Q1 2026, suggesting the core business was profitable before financing and one-time items.
  • Operating cash flow was positive at $42.3 million in Q1 2026, a meaningful improvement from negative operating cash flow in Q2 2025 and Q1 2025.
  • The company generated a large inflow from changes in operating assets and liabilities in Q1 2026, which helped offset the reported net loss on a cash basis.
  • Quarterly revenue has been volatile, moving from $68.1 million in Q2 2025 to $77.7 million in Q3 2025, $82.2 million in Q4 2025, and $83.4 million in Q1 2026.
  • Capital spending remained meaningful at $36.3 million in Q1 2026, after $50.4 million in Q4 2025 and $84.0 million in Q3 2025.
  • The balance sheet data available for 2025 showed a sizable increase in assets and liabilities compared with 2024, suggesting the company has been expanding its asset base and capital structure.
  • Net income attributable to common shareholders was a loss of $174.4 million in Q1 2026, which is much worse than the $6.6 million gain reported in Q4 2025 on a common-share basis.
  • Other income / expense was a major drag, with a $208.9 million loss in Q1 2026, overwhelming operating profits.
  • Interest expense rose to $8.2 million in Q1 2026, and the company’s debt load remains a key risk given the recurring reliance on debt issuance and repayments in the cash flow statement.
  • Preferred stock dividends of $21.7 million in Q1 2026 reduced earnings available to common shareholders.

Looking at the trend across the last four years, Prairie Operating has transformed from a small, loss-making company into a much larger operator, but profitability quality is still uneven. In 2024, the company posted only modest or negative revenue in several quarters, while 2025 and early 2026 brought much higher operating revenue and positive operating income. However, net results have remained highly sensitive to financing costs, preferred dividends, and other non-operating items.

Balance sheet trends also show a company that grew quickly and then carried more leverage. Total assets increased from $46.5 million in Q1 2024 to $775.4 million in Q1 2025 and $939.8 million in Q3 2025. At the same time, liabilities rose sharply as well, including long-term debt of $418.5 million in Q3 2025. That kind of growth can support expansion, but it also increases financial risk if commodity prices, operating margins, or asset sales weaken.

For investors, the key takeaway is that operating performance has improved, but the stock remains highly dependent on the company’s ability to manage debt, control non-operating losses, and turn revenue growth into durable common-share earnings.

07/17/26 11:53 AM ETAI Generated. May Contain Errors.

Prairie Operating Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Prairie Operating's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Prairie Operating's net income appears to be on an upward trend, with a most recent value of $32.05 million in 2025, falling from -$4.23 million in 2015. The previous period was -$40.91 million in 2024. Check out Prairie Operating's forecast to explore projected trends and price targets.

Prairie Operating's total operating income in 2025 was $65.58 million, based on the following breakdown:
  • Total Gross Profit: $191.33 million
  • Total Operating Expenses: $125.75 million

Over the last 10 years, Prairie Operating's total revenue changed from $24.03 million in 2015 to $241.65 million in 2025, a change of 905.8%.

Prairie Operating's total liabilities were at $678.24 million at the end of 2025, a 553.5% increase from 2024, and a 12,412.0% increase since 2015.

In the past 10 years, Prairie Operating's cash and equivalents has ranged from $20 thousand in 2025 to $13.04 million in 2023, and is currently $20 thousand as of their latest financial filing in 2025.

Over the last 10 years, Prairie Operating's book value per share changed from 0.03 in 2015 to 4.87 in 2025, a change of 18,418.3%.


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Financial statements for NASDAQ:PROP last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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