Filing Flows › United States Oil Fund, LP (USO) › Q4 2025
United States Oil Fund, LP (USO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
United States Oil Fund, LP (USO) reported revenue of $3.2M for the fourth quarter 2025 (Q4 2025), -97% from a year earlier and -88% from the quarter before.
United States Oil Fund, LP, Q4 2025: revenue $3.2M (-97% year over year), net loss $55.5M, operating cash flow −$50.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | -88% | -97% |
| Operating profit | −$55.5M | -336% | -158% |
| Net earnings | −$55.5M | -336% | -158% |
| Operating cash flow | −$50.0M | — | -193% |
What changed
Revenue was $3.2M in Q4 2025, down 97% year over year and down 88% from the previous quarter.
Operating costs exceeded revenue by $55.5M, an operating margin of -1742.5%. Total costs grew 2217% against a revenue fall of 97%. The quarter ended with a net loss of $55.5M, after a profit of $23.5M the previous quarter.
Operating cash flow was −$50.0M. Working capital and other items added $5.4M.
Questions
What was United States Oil Fund, LP's revenue in the fourth quarter 2025?
United States Oil Fund, LP (USO) reported revenue of $3.2M for the fourth quarter 2025 (Q4 2025), -97% from a year earlier and -88% from the quarter before.