$52.82−1.36 (−2.51%)
At close: Oct 26, 2026, 4:00 PM ET· NYSE · USD
Riley Exploration Permian (REPX) Income Statement
Is this a real, growing, cash-generative business, or a story propped up by accounting?
Sources Company filings FilingsHow we compute thisNot investment advice
Business engineChoppy: revenue fell 4.4% in FY25, net margin 41.0%; free cash flow runs at 51% of net income. Check the accrual gap. Worth your attention in FY25: Share count (+32.3%). Visible in the receipts below.
The four lines that matter · FY21–FY25
Revenue ($M)▼4.4%
392.0
FY21→FY25CAGR +26.9%/yr
Net income ($M)▲80.9%
160.8
one-off year: see footnoteCAGR +10.9%/yr
Free cash flow ($M)▼29.1%
82.5
FY21→FY25CAGR +34.0%/yr
Diluted EPS▲78.2%
7.59
FY22→FY25CAGR +8.2%/yr
What the receipts whisper · what a headline number hides
Share count
+32.3%
16.0mn → 21.2mn diluted shares since FY21. Rising share count dilutes EPS. Growth must outrun it.
Capex
$130.0M
steady at 33.2% of revenue (+0.1% YoY).
What the income statement says · FY21–FY25
Where every revenue dollar goes · FY25 ($M)
41¢ of every revenue dollar becomes profit.
Margin trend · direction beats level Gross Operating Net
Net margin 41.0% is more than double the sector median.
The receipt · income statement · FY21–FY25 USD thousands except per-share & ratios · hover a line for its definition
USD thousands except per-share & ratios
| Line item | TTM † | FY25 | FY24 | FY23 | FY22 | FY21 | YoY | CAGR 21→25 |
|---|---|---|---|---|---|---|---|---|
| Revenue & profitability | ||||||||
Revenue | 483,860.0 | 391,980.0 | 410,181.0 | 375,047.0 | 321,743.0 | 151,036.0 | ▼4.4% | +26.9% |
Cost of revenue | 16,293.0 | 0.0 | 71,826.0 | 579.0 | 450.0 | 477.0 | — | — |
Gross profit | 467,567.0 | — | 338,355.0 | 374,468.0 | 321,293.0 | 150,559.0 | — | — |
Selling, general & admin | 34,675.0 | 31,472.0 | 26,551.0 | 26,569.0 | 18,496.0 | 13,966.0 | ▲18.5% | +22.5% |
Total operating expenses | 281,642.0 | 258,701.0 | 184,660.0 | 202,575.0 | 117,774.0 | 90,683.0 | ▲40.1% | +30.0% |
Operating incomefeeds ROC rank | 185,925.0 | 133,279.0 | 153,695.0 | 171,893.0 | 203,519.0 | 59,876.0 | ▼13.3% | +22.1% |
Other income, net | −32,027.0 | 75,684.0 | −36,724.0 | −25,841.0 | −52,664.0 | −93,729.0 | — | — |
Pretax income | 153,898.0 | 208,963.0 | 116,971.0 | 146,052.0 | 150,855.0 | −33,853.0 | ▲78.6% | +11.5% (22→25) |
Income tax | 35,225.0 | 48,123.0 | 28,074.0 | 34,461.0 | 32,844.0 | 13,016.0 | ▲71.4% | +38.7% |
Net incomePiotroski ROA ✓feeds Buffett Quality owner earnings | 118,673.0 | 160,840.0 | 88,897.0 | 111,591.0 | 118,011.0 | −65,666.0 | ▲80.9% | +10.9% (22→25) |
| Per share | ||||||||
Diluted EPSbuyback-sensitive | 5.52 | 7.59 | 4.26 | 5.58 | 5.99 | −4.19 | ▲78.2% | +8.2% (22→25) |
Diluted shares (mn) | 21.25 | 21.19 | 20.88 | 20.00 | 19.69 | 16.02 | ▲1.5% | +7.2% |
| Margins | ||||||||
Gross margin91st pct in Energy | 96.6% | — | 82.5% | 99.8% | 99.9% | 99.7% | — | — |
Operating margin | 38.4% | 34.0% | 37.5% | 45.8% | 63.3% | 39.6% | ▼3.5pp | −5.6pp |
Net margin93rd pct in Energy | 24.5% | 41.0% | 21.7% | 29.8% | 36.7% | −43.5% | ▲19.4pp | +84.5pp |
† TTM = trailing four quarters through 2026-06-30.FY21 effective tax rate was −38% vs a 23% norm for this window, likely a one-time item; see the filing.
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These lines feed the tenet checklists: see which gates passTenets →Margins & returns continue as sector-ranked ratiosStatistics →
Annual report filed 2026-03-04 · view filings on SEC EDGAR ↗ · reported currency USD · as-filed figures may be later restated.
Statements normalized in our fundamentals DB · Not investment advice.
Statements normalized in our fundamentals DB · Not investment advice.
Common questions
What was Riley Exploration Permian's revenue last fiscal year?
Riley Exploration Permian reported revenue of $392.0M in fiscal 2025, down 4.4% from fiscal 2024.
What was Riley Exploration Permian's net income?
Riley Exploration Permian reported net income of $160.8M in fiscal 2025, a net margin of 41.0%.
Annual and quarterly statements as filed, normalized into one comparable shape · Not investment advice.