SPINDLETOP OIL & GAS CO SPND
Crude Petroleum & Natural Gas · CIK 0000867038 · Fiscal year ends 1231
Revenue
$4.44M
Fiscal year ended 2025-12-31Operating income
-$3.28M
Fiscal year ended 2025-12-31Free cash flow
—Unavailable
Fiscal year ended 2025-12-31Valuation, from the filing
| Public float | $2.02M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
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| Float per share | $0.31 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
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| Float / revenue | 0.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
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| Float / equity | 0.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
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Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
How this compares in its industry
Percentile among the Crude Petroleum & Natural Gas filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
SPINDLETOP OIL & GAS CO (SPND) reported revenue of $4.44M and net income of -$1.88M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from SPINDLETOP OIL & GAS CO’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Crude Petroleum & Natural Gas.
Income
SPINDLETOP OIL & GAS CO income by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
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| Revenue | $4.44M | $4.26M | $5.10M | $8.35M | $6.07M | $3.56M | $5.59M | $6.73M | $5.60M | $4.52M |
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| Cost of revenue | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Gross profit | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Operating income | -$3.28M | -$1.78M | -$988.00K | -$42.00K | $403.00K | -$1.85M | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Net income | -$1.88M | -$629.00K | $7.00K | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | -$3.00K | $1.33M |
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| Research & development | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Weighted-average diluted shares | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Pretax income | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Income tax expense | -$574.00K | -$189.00K | -$130.00K | $962.00K | -$82.00K | -$340.00K | -$103.00K | $103.00K | $233.00K | -$645.00K |
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| Diluted EPS | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Selling, general & administrative | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| General & administrative | $3.48M | $2.94M | $2.97M | $3.13M | $2.68M | $2.64M | $2.97M | $2.94M | $2.56M | $2.51M |
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| Selling & marketing | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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Balance
SPINDLETOP OIL & GAS CO balance by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
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| Cash & equivalents | $3.64M | $6.47M | $6.87M | $13.60M | $10.67M | $7.48M | $15.23M | $14.04M | $11.71M | $11.02M |
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| Total assets | $27.45M | $27.57M | $28.15M | $27.81M | $26.08M | $22.67M | $23.90M | $24.40M | $24.13M | $23.36M |
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| Current assets | $6.34M | $8.62M | $9.32M | $16.70M | $14.60M | $10.66M | $19.30M | $17.25M | $15.51M | $14.24M |
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| Total liabilities | $13.12M | $11.01M | $10.96M | $10.59M | $9.53M | $7.15M | $7.41M | $7.27M | $7.00M | $6.22M |
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| Current liabilities | $6.74M | $6.70M | $6.54M | $6.86M | $7.60M | $5.71M | $6.00M | $5.86M | $5.61M | $5.29M |
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| Total equity incl. NCI | $14.33M | $16.56M | $17.19M | $17.21M | $16.56M | $15.52M | $16.48M | $17.13M | $17.14M | $17.14M |
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| Temporary (mezzanine) equity | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Inventory | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Accounts receivable | $2.04M | $1.85M | $2.09M | $2.20M | $3.10M | $2.61M | $3.19M | $2.62M | $3.18M | $1.93M |
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| Goodwill | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Long-term debt | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Accounts payable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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Cash flow
SPINDLETOP OIL & GAS CO cash flow by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
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| Operating cash flow | -$135.00K | $224.00K | $853.00K | $1.60M | $2.44M | -$761.00K | -$231.00K | $1.09M | $1.06M | -$753.00K |
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| Capital expenditures | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Investing cash flow | -$2.34M | -$620.00K | -$7.55M | $1.24M | $424.00K | -$7.82M | $1.86M | $1.51M | -$374.00K | -$708.00K |
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| Financing cash flow | -$351.00K | —Unavailable | -$30.00K | -$15.00K | $403.00K | $335.00K | —Unavailable | -$270.00K | —Unavailable | —Unavailable |
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| Net change in cash | -$2.83M | -$396.00K | -$6.73M | $2.82M | $3.27M | -$8.25M | $1.62M | $2.33M | $686.00K | -$1.46M |
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| Stock-based compensation | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Common dividends paid | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Common share repurchases | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Depreciation & amortization | $397.00K | $358.00K | $229.00K | $74.00K | $121.00K | $452.00K | $456.00K | $499.00K | $522.00K | $1.10M |
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Derived
SPINDLETOP OIL & GAS CO derived by fiscal year, in US dollars, normalized from SEC filings.| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
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| Free cash flow | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Gross margin | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Operating margin | -73.9% | -41.7% | -19.4% | -0.5% | 6.6% | -52.1% | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| FCF margin | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| SBC / revenue | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Current ratio | 0.94x | 1.29x | 1.42x | 2.43x | 1.92x | 1.87x | 3.21x | 2.95x | 2.77x | 2.69x |
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| Revenue YoY growth | 4.4% | -16.7% | -38.9% | 37.7% | 70.4% | -36.3% | -17.0% | 20.2% | 24.1% | —Unavailable |
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| Net margin | -42.4% | -14.8% | 0.1% | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| R&D / revenue | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| CapEx / revenue | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Long-term debt / equity | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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| Effective tax rate | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable | —Unavailable |
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Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SPND in the interactive workspace to inspect any figure back to its filing.
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.