Vitesse Energy Inc

How Do They Make Money?

revenue

Segment	Share	Revenue
Oil	89% FY2022: 83%
Natural gas	11% FY2022: 17%

Yes. It kept 9 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

6% of revenue

▼ −58% vs FY2024 ($41M, 17%)

Net income, FY2025

9% of revenue

▲ +20% vs FY2024 ($21.1M, 9%)

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Oil share of revenue vs 81.5% in Q2 FY2025

Growing. Revenue grew 63% in 4 years, from $167.8M in FY2021 to $274M in FY2025, about 13% a year.

Revenue over time

Oil Natural gas

$500M$250M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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