Filing Flows › United States Oil Fund, LP (USO) › Q3 2025
United States Oil Fund, LP (USO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
United States Oil Fund, LP (USO) reported revenue of $25.6M for the third quarter 2025 (Q3 2025). Operating margin was 91.8%, net earnings $23.5M (91.8% of revenue).
United States Oil Fund, LP, Q3 2025: revenue $25.6M, operating margin 91.8%, net earnings $23.5M, operating cash flow −$27.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.6M | — | — |
| Operating profit | $23.5M | — | — |
| Net earnings | $23.5M | — | — |
| Operating cash flow | −$27.3M | -209% | — |
What changed
Revenue was $25.6M in Q3 2025.
Operating profit was $23.5M, a 91.8% margin. Net earnings were $23.5M. The effective tax rate was 0.0%.
Operating cash flow was −$27.3M. Working capital and other items used $50.8M.
Questions
What was United States Oil Fund, LP's revenue in the third quarter 2025?
United States Oil Fund, LP (USO) reported revenue of $25.6M for the third quarter 2025 (Q3 2025).
Was United States Oil Fund, LP profitable in the third quarter 2025?
Operating profit was $23.5M (91.8% of revenue) and net earnings $23.5M.