Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
1.3%Operating margin2
0.3%Net margin2
-12.5%Revenue growth, 20252
8.5%Return on equity2
3.28×Debt to equity2
$65.3MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Fuel brought in 40% of the revenue Arkora Hydro broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fuel | $7.5B | $6.9B | $6.0B |
| Fuel Products | $7.5B | $6.9B | $6.0B |
| Merchandise Products | $1.8B | $1.8B | $1.5B |
| Merchandise Revenue | $1.8B | $1.8B | $1.5B |
| Other Product | $110.4M | $105.7M | $122.1M |
| Product and Service, Other | $110.4M | $105.7M | $122.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs98¢$7.5B
- Interest1¢$92.9M
- Income tax0¢$6.3M
- Profit0¢$22.7M
Out of $7.6B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending66¢$127.3M
- Dividends paid7¢$13.6M
- Share buybacks15¢$28.0M
- Kept or used elsewhere12¢$23.7M
Out of $192.6M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $7.6B | $8.7B | $9.4B |
| Fuel costs | $5.5B | $6.3B | $6.9B |
| Merchandise costs | $982.7M | $1.2B | $1.3B |
| Site operating expenses | $785.4M | $875.3M | $860.1M |
| General and administrative expenses | $165.7M | $162.9M | $165.3M |
| Depreciation and amortization | $134.5M | $132.4M | $127.6M |
| Total operating expenses | $7.5B | $8.6B | $9.3B |
| Other (income) expenses, net | -$7.0M | $7.9M | $12.7M |
| Operating income | $102.3M | $94.0M | $118.0M |
| Interest and other financial income | $19.5M | $30.6M | $20.3M |
| Interest and other financial expenses | -$92.9M | -$97.8M | -$91.5M |
| Income before income taxes | $29.0M | $26.9M | $46.8M |
| Income tax expense | -$6.3M | -$6.1M | -$12.2M |
| Gain (loss) from equity investment | $108.0K | $124.0K | -$39.0K |
| Net income | $22.7M | $20.8M | $34.6M |
| Less: Net income attributable to non-controlling interests | $0 | $0 | $197.0K |
| Net income attributable to ARKO Corp. | $22.7M | $20.8M | $34.4M |
| Series A redeemable preferred stock dividends | -$5.8M | -$5.8M | -$5.8M |
| Net income attributable to common shareholders | $17.0M | $15.1M | $28.6M |
| Net income per share attributable to common shareholders - basic | $0.15 | $0.13 | $0.24 |
| Net income per share attributable to common shareholders - diluted | $0.15 | $0.13 | $0.24 |
| Basic | 113.3M shares | 116.1M shares | 118.8M shares |
| Diluted | 115.0M shares | 116.9M shares | 119.6M shares |
| Includes excise tax of: | $1.1B | $1.2B | $1.2B |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $305.0M | $261.8M | $218.1M |
| Restricted cash | $18.7M | $30.6M | |
| Short-term investments | $6.5M | $5.3M | |
| Trade receivables, net | $87.3M | $95.8M | $134.7M |
| Inventory | $190.7M | $231.2M | |
| Other current assets | $109.5M | $97.4M | |
| Total current assets | $717.7M | $722.2M | |
| Property and equipment, net | $739.6M | $747.5M | |
| Right-of-use assets under operating leases | $1.3B | $1.4B | |
| Right-of-use assets under financing leases, net | $144.6M | $158.0M | |
| Goodwill | $300.0M | $300.0M | $292.2M |
| Intangible assets, net | $160.1M | $182.4M | |
| Equity investment | $3.1M | $3.0M | |
| Deferred tax asset | $62.6M | $67.7M | |
| Other non-current assets | $66.6M | $53.6M | |
| Total assets | $3.5B | $3.6B | |
| Long-term debt, current portion | $36.7M | $12.9M | |
| Accounts payable | $156.6M | $190.2M | |
| Other current liabilities | $148.3M | $159.2M | |
| Operating leases, current portion | $78.2M | $71.6M | |
| Financing leases, current portion | $13.2M | $11.5M | |
| Total current liabilities | $433.0M | $445.5M | |
| Long-term debt, net | $875.5M | $868.1M | |
| Asset retirement obligation | $89.3M | $87.4M | |
| Operating leases | $1.4B | $1.4B | |
| Financing leases | $199.7M | $211.1M | |
| Other non-current liabilities | $196.0M | $223.5M | |
| Total liabilities | $3.2B | $3.2B | |
| Series A redeemable preferred stock (no par value) - authorized: 1,000,000 shares; issued and outstanding: 1,000,000 and 1,000,000 shares, respectively; redemption value: $100,000 and $100,000, in the aggregate, respectively | $100.0M | $100.0M | |
| Common stock (par value $0.0001) - authorized: 400,000,000 shares; issued: 131,853,614 and 130,153,836 shares, respectively; outstanding: 110,860,618 and 115,771,318 shares, respectively | $11.0K | $12.0K | |
| Treasury stock, at cost - 20,992,996 and 14,382,518 shares, respectively | -$134.3M | -$106.1M | |
| Additional paid-in capital | $291.9M | $276.7M | |
| Accumulated other comprehensive income | $9.1M | $9.1M | |
| Retained earnings | $100.5M | $97.2M | |
| Total shareholders' equity | $267.2M | $276.9M | |
| Total liabilities, redeemable preferred stock and shareholders' equity | $3.5B | $3.6B | |
| Common stock par value | $0.00 | $0.00 | |
| Common stock shares authorized | 400.0M shares | 400.0M shares | |
| Common stock shares issued | 131.9M shares | 130.2M shares | |
| Common stock shares outstanding | 110.9M shares | 115.8M shares | |
| Treasury stock common shares | 21.0M shares | 14.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $22.7M | $20.8M | $34.6M |
| Depreciation and amortization | $134.5M | $132.4M | $127.6M |
| Deferred income taxes | $5.1M | -$12.8M | -$4.7M |
| Loss on disposal of assets and impairment charges | $8.6M | $6.8M | $6.2M |
| Gain from sale-leaseback | -$20.8M | $0 | $0 |
| Foreign currency (gain) loss | -$86.0K | $35.0K | $29.0K |
| Gain from issuance of shares as payment of deferred consideration related to business acquisition (see Note 4) | $0 | -$2.7M | $0 |
| Gain from settlement related to business acquisition (see Note 4) | $0 | -$6.4M | $0 |
| Amortization of deferred financing costs and debt discount | $2.9M | $2.7M | $2.5M |
| Amortization of deferred income | -$21.8M | -$14.5M | -$8.1M |
| Accretion of asset retirement obligation | $2.5M | $2.5M | $2.4M |
| Non-cash rent | $12.1M | $14.3M | $14.2M |
| Charges to allowance for credit losses | $755.0K | $845.0K | $1.3M |
| (Income) loss from equity investment | -$108.0K | -$124.0K | $39.0K |
| Share-based compensation | $15.2M | $12.3M | $15.0M |
| Fair value adjustment of financial assets and liabilities | -$9.7M | -$11.0M | -$10.8M |
| Other operating activities, net | -$981.0K | $125.0K | $2.6M |
| Decrease (increase) in trade receivables | $7.7M | $38.1M | -$17.9M |
| Decrease (Increase) in inventory | $40.6M | $22.7M | -$2.0M |
| (Increase) decrease in other assets | -$14.9M | $13.9M | -$29.4M |
| Decrease in accounts payable | -$34.0M | -$24.2M | -$6.2M |
| Increase (decrease) in other current liabilities | $8.3M | -$2.8M | $990.0K |
| Decrease in asset retirement obligation | -$604.0K | -$917.0K | -$23.0K |
| Increase in non-current liabilities | $34.5M | $29.6M | $7.8M |
| Net cash provided by operating activities | $192.6M | $221.9M | $136.1M |
| Purchase of property and equipment | -$127.3M | -$113.9M | -$111.2M |
| Purchase of intangible assets | -$83.0K | $0 | -$45.0K |
| Proceeds from sale of property and equipment | $7.2M | $53.5M | $310.2M |
| Business and asset acquisitions, net of cash | -$242.0K | -$54.5M | -$494.9M |
| Prepayment for acquisitions | $0 | $0 | -$1.0M |
| Loans to equity investment, net | $621.0K | $56.0K | $18.0K |
| Net cash used in investing activities | -$119.8M | -$114.9M | -$296.8M |
| Receipt of long-term debt, net | $38.8M | $47.6M | $99.6M |
| Repayment of debt | -$24.1M | -$26.4M | -$22.2M |
| Principal payments on financing leases | -$5.7M | -$4.9M | -$5.5M |
| Early settlement of deferred consideration related to business acquisition (see Note 4) | $0 | -$17.2M | $0 |
| Proceeds from sale-leaseback | $0 | $0 | $80.4M |
| Payment of Additional Consideration | -$3.2M | -$3.4M | -$3.5M |
| Payment of Ares Put Option | $0 | $0 | -$9.8M |
| Common stock repurchased | -$28.0M | -$32.0M | -$33.7M |
| Dividends paid on common stock | -$13.6M | -$14.0M | -$14.3M |
| Dividends paid on redeemable preferred stock | -$5.8M | -$5.8M | -$5.8M |
| Net cash (used in) provided by financing activities | -$41.5M | -$56.0M | $85.4M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $31.3M | $51.0M | -$75.4M |
| Effect of exchange rate on cash and cash equivalents and restricted cash | $27.0K | -$9.0K | $23.0K |
| Cash received for interest | $10.8M | $9.5M | $7.9M |
| Cash paid for interest | $87.3M | $92.1M | $82.5M |
| Cash paid for taxes, net of refunds | $5.0M | $9.7M | $28.6M |
| Prepaid insurance premiums financed through notes payable | $9.3M | $7.7M | $10.7M |
| Purchases of equipment in accounts payable and accrued expenses | $12.6M | $10.2M | $14.9M |
| Purchase of property and equipment under leases | $57.6M | $55.7M | $7.9M |
| Disposals of leases of property and equipment | $12.9M | $14.0M | $23.0M |
| Extinguishment of financial liability in a sale-leaseback transaction | $42.4M | $0 | $0 |
| Issuance of shares as payment of deferred consideration related to business acquisition | $0 | $22.3M | $0 |
| Deferred consideration related to business acquisitions | $0 | $0 | $47.0M |
Timeline
- Jul 8, 2022Went public Listed on Indonesia Stock Exchange1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataArkora Hydro on Wikidata
- 2SEC EDGARArkora Hydro 10-K for fiscal 2025
- 3SEC EDGARArkora Hydro 10-K for fiscal 2019
- 4SEC EDGARArkora Hydro 10-K for fiscal 2020
- 5SEC EDGARArkora Hydro 10-K for fiscal 2021
- 6SEC EDGARArkora Hydro 10-K for fiscal 2022
- 7SEC EDGARArkora Hydro 10-Q for fiscal 2026
- 8SEC EDGARArkora Hydro 10-Q for fiscal 2026