What is the year‑over‑year growth rate for net income and adjusted net income in Q2 2025 compared to Q2 2024?
Answer – Year‑over‑Year Growth Rates Cannot Be Determined from the Provided Information
The press release you provided gives only the Q2 2025 results:
| Metric | Q2 2025 Value |
|---|---|
| Net income | $24.7 million |
| Adjusted net income | $18.4 million |
To calculate a year‑over‑year (YoY) growth rate, you need two data points:
- The metric for the current period (which we have: Q2 2025).
- The same metric for the prior‑year period (Q2 2024).
The Yo‑Y growth formula is:
[
\text{YoY growth (\%)} = \frac{\text{Current period value} - \text{Prior period value}}{\text{Prior period value}} \times 100\%
]
Because the press release does not disclose the Q2 2024 net income or adjusted net income figures, we cannot compute the percentages.
What You Can Do
If you obtain the Q2 2024 numbers (for example, from Vitesse Energy’s Q2 2024 earnings release, Form 10‑Q filing, or a financial data platform), you can plug them into the formula above. Here’s an example of how you would calculate it once you have those numbers:
Example (illustrative numbers only)
| Year | Net Income | Adjusted Net Income |
|---|---|---|
| Q2 2024 | $20.0 million | $15.0 million |
| Q2 2025 | $24.7 million | $18.4 million |
Net‑income YoY growth
[
\frac{24.7\text{M} - 20.0\text{M}}{20.0\text{M}} \times 100\% = 23.5\%
]
Adjusted‑net‑income YoY growth
[
\frac{18.4\text{M} - 15.0\text{M}}{15.0\text{M}} \times 100\% = 22.7\%
]
(These percentages are illustrative only and not based on the actual Q2 2024 numbers.)
Next Steps
- Locate the Q2 2024 numbers in Vitesse Energy’s prior‑quarter earnings release (likely dated August 2024) or in the company’s 10‑Q filing for the quarter ending June 30, 2024.
- Apply the formula above to compute the exact Yo‑Y growth percentages for both net income and adjusted net income.
If you can provide the Q2 2024 figures, I’ll gladly calculate the exact year‑over‑year growth rates for you.