Filing Flows › Pedevco (PED) › Q4 2024
Pedevco (PED) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Pedevco (PED) reported revenue of $10.6M for the fourth quarter 2024 (Q4 2024), +57% from a year earlier and +17% from the quarter before. Operating margin was -12.8%, net earnings $5.9M (56.0% of revenue).
Pedevco, Q4 2024: revenue $10.6M (+57% year over year), operating margin -12.8%, net earnings $5.9M, operating cash flow $4.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | +17% | +57% |
| Operating profit | −$1.4M | — | — |
| Net earnings | $5.9M | — | — |
| Operating cash flow | $4.2M | -49% | -65% |
What changed
Revenue was $10.6M in Q4 2024, up 57% year over year and up 17% from the previous quarter. Oil Sales was the largest line at 90% of revenue.
Operating costs exceeded revenue by $1.4M, an operating margin of -12.8%. Total costs grew 26% against revenue growth of 57%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $5.9M.
Operating cash flow was $4.2M (down 65% year over year), 71% of net earnings. Non-cash charges added back $5.1M of depreciation and amortization and $458K of share-based compensation. Working capital and other items used $7.3M.
Questions
What was Pedevco's revenue in the fourth quarter 2024?
Pedevco (PED) reported revenue of $10.6M for the fourth quarter 2024 (Q4 2024), +57% from a year earlier and +17% from the quarter before.
Was Pedevco profitable in the fourth quarter 2024?
Operating loss was $1.4M (-12.8% of revenue) and net earnings $5.9M.
Source: Pedevco 10-K on SEC EDGAR.