Filing Flows › Pedevco (PED) › Q1 2026
Pedevco (PED) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Pedevco (PED) reported revenue of $40.2M for the first quarter 2026 (Q1 2026), +360% from a year earlier and +74% from the quarter before. Operating margin was 16.7%, net loss $25.6M (63.7% of revenue).
Pedevco, Q1 2026: revenue $40.2M (+360% year over year), operating margin 16.7%, net loss $25.6M, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.2M | +74% | +360% |
| Operating profit | $6.7M | — | 45× |
| Net earnings | −$25.6M | — | -18405% |
| Operating cash flow | $10.5M | — | +78% |
What changed
Revenue was $40.2M in Q1 2026, up 360% year over year and up 74% from the previous quarter. Oil Sales was the largest line at 91% of revenue. Oil Sales added $29.5M year over year (up 417%), 94% of the total change.
Operating profit was $6.7M, a 16.7% margin (up 14.9 points year over year). Of the extra revenue versus Q1 2025, 21% reached operating profit, above the 2% margin then. Total costs grew 290% against revenue growth of 360%. The fastest-growing cost line was Other operating costs (+335%). The quarter ended with a net loss of $25.6M, wider than the previous quarter's $8.5M loss. Net interest and other expense of $33.2M was the main reason.
Operating cash flow was $10.5M (up 78% year over year). Non-cash charges added back $12.4M of depreciation and amortization and $492K of share-based compensation. Working capital and other items added $23.2M. Capital expenditures of $16.5M exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Pedevco's revenue in the first quarter 2026?
Pedevco (PED) reported revenue of $40.2M for the first quarter 2026 (Q1 2026), +360% from a year earlier and +74% from the quarter before.
Was Pedevco profitable in the first quarter 2026?
Operating profit was $6.7M (16.7% of revenue) and net loss $25.6M.
Source: Pedevco 10-Q on SEC EDGAR.