Filing Flows › Pedevco (PED) › Q4 2025
Pedevco (PED) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Pedevco (PED) reported revenue of $23.1M for the fourth quarter 2025 (Q4 2025), +118% from a year earlier and +232% from the quarter before. Operating margin was -21.3%, net loss $8.5M (36.8% of revenue).
Pedevco, Q4 2025: revenue $23.1M (+118% year over year), operating margin -21.3%, net loss $8.5M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.1M | +232% | +118% |
| Operating profit | −$4.9M | — | — |
| Net earnings | −$8.5M | — | -244% |
| Operating cash flow | −$2.1M | -129% | -151% |
What changed
Revenue was $23.1M in Q4 2025, up 118% year over year and up 232% from the previous quarter. Oil Sales was the largest line at 90% of revenue.
Operating costs exceeded revenue by $4.9M, an operating margin of -21.3%. Total costs grew 135% against revenue growth of 118%. The fastest-growing cost line was SG&A (+452%). The quarter ended with a net loss of $8.5M, wider than the previous quarter's $325K loss. Non-operating items added $5.1M, 3833% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.1M. Non-cash charges added back $6.8M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $1.7M.
Questions
What was Pedevco's revenue in the fourth quarter 2025?
Pedevco (PED) reported revenue of $23.1M for the fourth quarter 2025 (Q4 2025), +118% from a year earlier and +232% from the quarter before.
Was Pedevco profitable in the fourth quarter 2025?
Operating loss was $4.9M (-21.3% of revenue) and net loss $8.5M.
Source: Pedevco 10-K on SEC EDGAR.