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Side-by-side financial comparison of BKV Corp (BKV) and Vroom, Inc. (VRM). Click either name above to swap in a different company.

BKV Corp is the larger business by last-quarter revenue ($255.9M vs $235.9M, roughly 1.1× Vroom, Inc.). BKV Corp runs the higher net margin — 27.5% vs -59.8%, a 87.3% gap on every dollar of revenue.

BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

BKV vs VRM — Head-to-Head

Bigger by revenue
BKV
BKV
1.1× larger
BKV
$255.9M
$235.9M
VRM
Higher net margin
BKV
BKV
87.3% more per $
BKV
27.5%
-59.8%
VRM

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
BKV
BKV
VRM
VRM
Revenue
$255.9M
$235.9M
Net Profit
$70.4M
$-141.1M
Gross Margin
12.3%
Operating Margin
39.3%
-11.5%
Net Margin
27.5%
-59.8%
Revenue YoY
12.9%
Net Profit YoY
-669.8%
EPS (diluted)
$0.78
$-80.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BKV
BKV
VRM
VRM
Q4 25
$255.9M
Q3 25
$199.8M
Q2 25
$207.1M
Q1 25
$231.0M
Q3 24
$133.5M
Q4 23
$235.9M
Q3 23
$235.6M
Q2 23
$225.2M
Net Profit
BKV
BKV
VRM
VRM
Q4 25
$70.4M
Q3 25
$76.8M
Q2 25
$104.6M
Q1 25
$-78.7M
Q3 24
$12.9M
Q4 23
$-141.1M
Q3 23
$-82.7M
Q2 23
$-66.0M
Gross Margin
BKV
BKV
VRM
VRM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q4 23
12.3%
Q3 23
20.4%
Q2 23
20.4%
Operating Margin
BKV
BKV
VRM
VRM
Q4 25
39.3%
Q3 25
41.2%
Q2 25
62.0%
Q1 25
-40.6%
Q3 24
-15.7%
Q4 23
-11.5%
Q3 23
-18.0%
Q2 23
-23.4%
Net Margin
BKV
BKV
VRM
VRM
Q4 25
27.5%
Q3 25
38.5%
Q2 25
50.5%
Q1 25
-34.1%
Q3 24
9.6%
Q4 23
-59.8%
Q3 23
-35.1%
Q2 23
-29.3%
EPS (diluted)
BKV
BKV
VRM
VRM
Q4 25
$0.78
Q3 25
$0.90
Q2 25
$1.23
Q1 25
$-0.93
Q3 24
$0.18
Q4 23
$-80.66
Q3 23
$-47.38
Q2 23
$-37.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKV
BKV
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$199.4M
$135.6M
Total DebtLower is stronger
$486.8M
$454.2M
Stockholders' EquityBook value
$2.0B
$127.7M
Total Assets
$3.1B
$1.5B
Debt / EquityLower = less leverage
0.24×
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKV
BKV
VRM
VRM
Q4 25
$199.4M
Q3 25
$83.1M
Q2 25
$21.4M
Q1 25
$15.3M
Q3 24
$31.3M
Q4 23
$135.6M
Q3 23
$208.6M
Q2 23
$237.9M
Total Debt
BKV
BKV
VRM
VRM
Q4 25
$486.8M
Q3 25
$486.6M
Q2 25
$200.0M
Q1 25
$200.0M
Q3 24
$190.0M
Q4 23
$454.2M
Q3 23
$521.4M
Q2 23
$544.9M
Stockholders' Equity
BKV
BKV
VRM
VRM
Q4 25
$2.0B
Q3 25
$1.8B
Q2 25
$1.6B
Q1 25
$1.5B
Q3 24
$1.6B
Q4 23
$127.7M
Q3 23
$263.6M
Q2 23
$343.4M
Total Assets
BKV
BKV
VRM
VRM
Q4 25
$3.1B
Q3 25
$2.9B
Q2 25
$2.3B
Q1 25
$2.3B
Q3 24
$2.3B
Q4 23
$1.5B
Q3 23
$1.6B
Q2 23
$1.6B
Debt / Equity
BKV
BKV
VRM
VRM
Q4 25
0.24×
Q3 25
0.27×
Q2 25
0.13×
Q1 25
0.13×
Q3 24
0.12×
Q4 23
3.56×
Q3 23
1.98×
Q2 23
1.59×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BKV
BKV
VRM
VRM
Operating Cash FlowLast quarter
$69.4M
$-108.1M
Free Cash FlowOCF − Capex
$-108.8M
FCF MarginFCF / Revenue
-46.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKV
BKV
VRM
VRM
Q4 25
$69.4M
Q3 25
$74.5M
Q2 25
$76.2M
Q1 25
$22.6M
Q3 24
Q4 23
$-108.1M
Q3 23
$-193.5M
Q2 23
$-147.1M
Free Cash Flow
BKV
BKV
VRM
VRM
Q4 25
Q3 25
$-126.9M
Q2 25
Q1 25
Q3 24
Q4 23
$-108.8M
Q3 23
$-194.2M
Q2 23
$-147.5M
FCF Margin
BKV
BKV
VRM
VRM
Q4 25
Q3 25
-63.5%
Q2 25
Q1 25
Q3 24
Q4 23
-46.1%
Q3 23
-82.4%
Q2 23
-65.5%
Capex Intensity
BKV
BKV
VRM
VRM
Q4 25
Q3 25
100.9%
Q2 25
Q1 25
Q3 24
Q4 23
0.3%
Q3 23
0.3%
Q2 23
0.2%
Cash Conversion
BKV
BKV
VRM
VRM
Q4 25
0.99×
Q3 25
0.97×
Q2 25
0.73×
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BKV
BKV

Natural Gas NGL And Oil$249.3M97%
Related Party And Other$4.7M2%
Marketing$2.8M1%

VRM
VRM

Segment breakdown not available.

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