Saturday 17 October 2026 Export PROP’s income statement to Excel — free account

Prairie Operating Co.

Prairie Operating Co.’s revenue for fiscal 2025 (year ended December 2025) was $241.6 million, up 2,943.8% from fiscal 2024. In the quarter to June 2026, revenue grew 45.2%, EPS grew 25.7%, free cash flow fell 5,603.9% and total debt rose 12.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

0.34 0.02 −5.56%

Follow PROP

Alert me

Market cap: $40.5M
P/E: 0.0×
Fwd P/E: −0.6×
Dividend yield: —
F-score: 5/9
Altman Z: 0.36
Beneish M: 22.82
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 5.94

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	3	—	—	—	—	2	—	—	—	1	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 35.76%

Capital & Financial Ratios $m

Market Cap 40.49

Revenue 342.23

Net Income (44.67)

Free Cash Flow (39.80)

Net Debt 437.44

Current Ratio 0.25

Debt/Equity 1.64

P/E ratio 0.00

Fwd P/E (0.62)

P/S ratio 0.11

P/B ratio 0.16

Past 5Y EPS Growth —

This Y EPS Growth 123.62%

Next Y EPS Growth 51.67%

Next Y revenue growth 85.81%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.50%

10-year low 10-year high

P/B against its own 10 years 0.08%

10-year low 10-year high

EV/Sales against its own 10 years 54.03%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	13	5	0	0
Receivables	0	12	46	36
Inventory	—	0	4	4
Other	—	—	29	—
	14	18	80	42

	2023	2024	2025	Q'26
Payables	5	38	63	93
ST’ Debt	—	—	—	—
Other	—	2	—	17
	5	63	126	167

Compound Annual Growth %

	10y	5y	3y
Sales	25.96%	257.76%	675.76%
Cash Flow	79.50%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	69.62%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	83	99	—	—	—
’25	14	68	78	82	242
’24	—	—	—	—	8
’23	—	0	0	1	2
’22	0	0	0	0	1
’21	0	—	—	0	0
’20	3	1	1	(4)	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	42	52	—	—	—
’25	17	(7)	58	87	154
’24	(3)	(5)	3	(4)	(9)
’23	0	(5)	(3)	(4)	(12)
’22	(1)	0	0	0	0
’21	(1)	(2)	(3)	(1)	(7)
’20	0	0	0	0	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	(58)	—	—	—
’25	(512)	(1)	(29)	39	(503)
’24	(14)	(7)	(3)	(70)	(93)
’23	0	(5)	(3)	(4)	(12)
’22	(3)	0	0	(5)	(5)
’21	(1)	(2)	(4)	(2)	(9)
’20	0	0	0	0	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.16)	0.59	—	—	—
’25	(3.49)	0.18	(0.44)	0.32	(1.35)
’24	(0.90)	(0.71)	(0.68)	(0.35)	(2.65)
’23	—	(5.39)	(5.24)	(0.71)	(16.51)
’22	(9.36)	(5.00)	(4.24)	(15.35)	(33.81)
’21	(19.71)	(14.63)	(3.07)	(65.95)	(103.77)
’20	(1.43)	(3.14)	(5.71)	(4.57)	(15.14)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	73.53	52.94	29.41	29.41	2.06	17.94	1.50	1.62	5.70	1.57	Analyst estimates 2026–2028 Powerpack
	High	311.76	205.88	194.12	128.24	170.59	323.53	91.76	18.50	16.08	10.58
People
People	Employees	32	18	12	13	13	5	2	11	19	59
	Revenue/emp, $m	0.71	0.84	1.16	0.81	0.03	0.07	0.26	0.14	0.42	4.10
Income, $m
Income, $m	Revenue	23	15	14	11	0	0	1	2	8	242
	Gross margin, %	28.78	0.06	18.87	8.55	50.01	23.80	(107.01)	64.51	100.00	100.00
	EBT	(2)	(6)	(3)	(2)	(3)	(19)	0	(62)	(40)	54
	EBT margin, %	(6.64)	(38.05)	(18.81)	(20.44)	(703.78)	(5,192.56)	(89.16)	(4,012.23)	(502.17)	22.22
	Net income	(2)	(6)	(3)	(2)	(2)	(17)	0	(62)	(40)	32
	Depreciation	0	0	1	0	0	1	1	1	0	52
Per share, $
Per share, $	Revenue	245.69	125.67	115.37	86.21	3.36	2.22	1.27	0.32	0.51	5.34
	Earnings	(16.33)	(45.71)	(22.86)	(17.71)	(15.14)	(107.23)	(31.25)	(16.51)	(2.65)	(1.35)
	Cash flow	(26.93)	(21.13)	(6.17)	(5.75)	(8.73)	(41.89)	0.00	(2.49)	(0.60)	3.40
	Capex	(1.74)	(0.82)	(0.09)	(0.05)	(1.28)	(13.92)	(12.99)	(0.04)	(5.44)	(14.52)
	Free cash flow	(28.67)	(21.95)	(6.26)	(5.80)	(10.00)	(55.80)	(12.99)	(2.53)	(6.05)	(11.12)
	Book value	22.41	(28.08)	(40.79)	(50.99)	(55.79)	25.23	(0.94)	8.39	3.41	5.89
	Shares, m	0	0	0	0	0	0	0	5	15	45
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.48	0.63	0.98	0.82	5.34	0.00	1.23	19.26	56.30	0.32
	P/B	5.25	0.00	0.00	0.00	0.00	3.50	0.00	0.91	2.03	0.59
	EV/Sales	0.33	0.52	0.92	0.74	5.50	(5.46)	1.33	12.47	72.92	1.84
	EV/FCF	(2.83)	(2.97)	(16.84)	(10.98)	(2.07)	(1.55)	(0.08)	(1.33)	(1.48)	(0.88)
Cash, $m
Cash, $m	Operating cash flow	(2)	(3)	(1)	(1)	(1)	(7)	0	(12)	(9)	154
	Capex	0	0	0	0	0	(2)	(5)	0	(84)	(657)
	Free cash flow	(3)	(3)	(1)	(1)	(1)	(9)	(5)	(12)	(93)	(503)
Balance, $m
Balance, $m	Working capital	3	(4)	(5)	(4)	(5)	5	(2)	8	(45)	(46)
	Total debt	1	—	2	2	2	3	0	—	37	368
	Net debt	(3)	(2)	(1)	(1)	0	0	0	(13)	32	368
	Shareholders’ equity	2	(3)	(5)	(6)	(7)	4	0	40	53	266
Returns, %
Returns, %	ROA	(24.99)	(130.66)	(101.25)	(76.09)	(66.15)	(222.34)	(6.14)	(332.81)	(40.46)	(11.06)
	ROIC	0.00	0.00	0.00	0.00	0.00	(290.90)	0.00	(38.08)	(19.65)	6.46
	ROE	(92.08)	885.24	63.17	38.70	30.93	1,333.01	(24.19)	(397.48)	(88.04)	(66.59)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CRT Cross Timbers Royalty Trust	$77.2M	24.2×	13.0×	−1.16% (below 0%: shrinking)	−6.67% (below 0%: shrinking)	—	44.21%	27.28%	Compare
BSIN Big Sky Industrial Inc.	$73.0M	— (loss-making)	— (loss-making)	+5.23% (above 0%: growing)	n/m	−76.10% (below 0%: shrinking)	45.64%	(111.76%)	Compare
BATL Battalion Oil Corporation	$59.0M	— (loss-making)	25.5×	+12.42% (above 0%: growing)	n/m	+119.80% (above 0%: growing)	47.93%	14.09%	Compare
PVL PERMIANVILLE ROYALTY TRUST	$58.7M	7.3×	6.3×	+31.88% (above 0%: growing)	+200.00% (above 0%: growing)	—	56.52%	20.33%	Compare
VOC VOC Energy Trust	$57.6M	8.3×	27.3×	−31.56% (below 0%: shrinking)	−23.08% (below 0%: shrinking)	—	100.00%	94.96%	Compare
PROP Prairie Operating Co.	$40.5M	— (loss-making)	— (loss-making)	+45.17% (above 0%: growing)	+25.65% (above 0%: growing)	−5,603.85% (below 0%: shrinking)	100.00%	45.88%
INDO Indonesia Energy Corporation Limited	$40.2M	— (loss-making)	12.3×	+20.70% (above 0%: growing)	−328.57% (below 0%: shrinking)	−67.13% (below 0%: shrinking)	(20.82%)	0.00%	Compare
EONR EON Resources Inc.	$24.0M	— (loss-making)	— (loss-making)	−78.51% (below 0%: shrinking)	n/m	+52.64% (above 0%: growing)	100.00%	(640.70%)	Compare
CKX CKX Lands, Inc.	$22.6M	7.4×	54.5×	+23.84% (above 0%: growing)	−25.00% (below 0%: shrinking)	−223.55% (below 0%: shrinking)	98.46%	13.73%	Compare
Median of peers	$58.2M	7.8×	19.3×	+8.83%	−23.08%	−67.13%	52.23%	13.91%

All 73 Oil & Gas E&P stocks →

Prairie Operating Co. (PROP) key facts

Strength: Prairie Operating Co.’s revenue for fiscal 2025 (year ended December 2025) was $241.6 million, up 2,943.8% from fiscal 2024.
Prairie Operating Co. (PROP) is an Oil & Gas E&P company in the Energy sector, listed on Nasdaq.
As of October 16, 2026, PROP traded at $0.34, a market capitalization of $40.5 million.
Return on equity was −66.6% and debt-to-equity 1.64.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.36 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.