ARKO Corp. Reports $7.64 Billion Revenue for Fiscal Year 2025, Down 12.5%

ARKO Corp., a leading operator of convenience stores and fuel wholesaler in the United States, reported a total revenue of approximately $7.64 billion for the fiscal year ending December 31, 2025, a decrease of 12.5% from $8.73 billion in 2024. The decline in revenue was primarily driven by a significant drop in fuel revenue, which fell to $6.04 billion from $6.86 billion in the previous year, attributed to lower average fuel prices and a reduction in gallons sold due to adverse weather conditions and a challenging macroeconomic environment. Merchandise revenue also decreased by 16.1% to $1.48 billion, reflecting the impact of store closures and conversions to dealer locations.

In terms of profitability, ARKO Corp. reported an operating income of $102.3 million, up from $94.0 million in 2024, indicating a positive trend in operational efficiency despite the revenue decline. The company’s net income attributable to common shareholders was $16.99 million, compared to $15.10 million in the prior year. The increase in operating income was supported by a gain from the expiration of a real estate purchase option and the benefits from retail stores converted to dealer locations, which contributed to an incremental operating income of approximately $11.8 million.

Strategically, ARKO Corp. has been actively pursuing a multi-year transformation plan, which includes the conversion of retail stores to dealer locations. In 2025, the company converted 256 retail stores, bringing the total to 409 since the initiative began in mid-2024. This strategy aims to enhance profitability through higher margins from fuel supply agreements and rental income. Additionally, the company launched a new store format, fas craves, focusing on food offerings, and opened several new locations, including Dunkin’ stores and new-to-industry retail sites.

Operationally, ARKO Corp. operated 1,118 retail convenience stores and supplied fuel to 2,099 dealer locations as of December 31, 2025. The company also reported a customer loyalty program, fas REWARDS, with approximately 2.4 million enrolled members, reflecting a 6% increase from the previous year. The company’s workforce comprised 9,748 employees, with a focus on enhancing employee training and retention strategies to support its growth initiatives. Looking ahead, ARKO Corp. anticipates continued growth through its transformation plan, with expectations to convert additional retail stores to dealer locations and expand its fleet fueling operations.