Prairie Operating Co. (PROP) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Prairie Operating reported revenue of $241.6M, up 2943.8% from $7.9M the year before. Net income was $32.1M (a 13.3% net margin), or -$1.35 per diluted share. Operating margin was 27.1%. Operating activities generated $153.9M of cash. At fiscal year end, Prairie Operating held $944.5M in total assets against $678.2M in total liabilities, including $20,000 of cash and equivalents.
Open the full interactive Prairie Operating financials → Quarterly statements, key ratios, valuation history and price charts.
Prairie Operating Key Stats
| Share Price | $0.40 |
|---|---|
| Market Cap | $73.9M |
| 52-Week Range | $0.38 – $2.50 |
| Shares Outstanding | 107.1 million (basic, 2026 Q2) |
Prairie Operating Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $807,577 | $517,602 | $1.5M | $7.9M | $241.6M |
| Gross Profit | $1.5M | — | — | — | — | — |
| Operating Income | -$1.3M | -$18.1M | -$7.6M | -$33.6M | -$26.5M | $65.6M |
| Pre-Tax Income | -$1.9M | -$19.1M | -$13.4M | -$79.1M | -$39.9M | $53.7M |
| Income Tax | -$85,792 | -$1.8M | $17,738 | — | $1.0M | $21.7M |
| Net Income | -$1.9M | -$17.3M | -$13.4M | -$79.1M | -$40.9M | $32.1M |
| Diluted EPS | -$15.59 | -$109.12 | — | -$16.51 | -$2.65 | -$1.35 |
Prairie Operating Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $77.7M | $82.2M | $83.4M | $98.9M |
| Net Income | $1.3M | -$2.3M | -$152.7M | $109.0M |
| Diluted EPS | -$0.44 | -$0.05 | -$2.16 | $0.23 |
Prairie Operating Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.9M | $2.8M | $246,358 | $13.0M | $5.2M | $20,000 |
| Current Assets | $2.2M | $10.8M | $5.1M | $13.5M | $18.3M | $79.7M |
| Total Assets | $2.7M | $13.2M | $6.8M | $45.7M | $156.6M | $944.5M |
| Current Liabilities | $7.1M | $6.0M | $13.2M | $5.4M | $63.0M | $125.8M |
| Total Long-Term Debt | $5.0M | $5.4M | $149,900 | — | $28.0M | $367.5M |
| Total Liabilities | $9.5M | $9.0M | $13.3M | $5.5M | $103.8M | $678.2M |
| Shareholders' Equity | -$6.8M | $4.2M | -$6.5M | $40.2M | $52.8M | $130.2M |
Prairie Operating Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.1M | -$7.0M | -$2.2M | -$11.9M | -$9.3M | $153.9M |
| Cash From Investing | -$156,733 | -$9.9M | -$1.8M | -$23.7M | -$83.4M | -$655.9M |
| Cash From Financing | $347,500 | $17.8M | $1.5M | $48.6M | $84.9M | $496.8M |
| Free Cash Flow | -$1.1M | -$9.3M | -$7.5M | -$12.1M | — | — |
Figures from Prairie Operating's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Prairie Operating financials page for every line item.
Prairie Operating Company Profile
| Ticker | PROP |
|---|---|
| Exchange | Nasdaq |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001162896 |
Frequently Asked Questions
What was Prairie Operating's revenue in fiscal 2025?
Prairie Operating (PROP) reported revenue of $241.6M for fiscal 2025.
What is Prairie Operating's annual revenue history?
Prairie Operating's annual revenue by fiscal year: 2020: $4.5M; 2021: $807,577; 2022: $517,602; 2023: $1.5M; 2024: $7.9M; 2025: $241.6M.
What was Prairie Operating's net income in fiscal 2025?
Prairie Operating reported net income of $32.1M for fiscal 2025.
What was Prairie Operating's earnings per share (EPS) in fiscal 2025?
Prairie Operating's diluted EPS was -$1.35 for fiscal 2025 (adjusted for any later stock splits).
What was Prairie Operating's revenue last quarter?
In its most recent reported quarter (2026 Q2), Prairie Operating reported revenue of $98.9M.
How much debt does Prairie Operating have?
Prairie Operating reported $367.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Prairie Operating are outstanding?
Prairie Operating reported a weighted average of 107.1 million basic shares outstanding in 2026 Q2.
What is Prairie Operating's market cap?
Based on its latest closing price, Prairie Operating (PROP) has a market capitalization of about $73.9M.
When does Prairie Operating's fiscal year end?
Prairie Operating's fiscal year end, as registered with the SEC, is December 31.
Where is Prairie Operating headquartered?
Prairie Operating lists its business address in Houston, Texas in its SEC filings.