Indonesia Energy Corporation Limited (INDO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the INDO SEC filings page.
Indonesia Energy Corporation Limited (INDO) reported $2.0M in revenue for fiscal year 2025, down 24.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business is asset-heavy, but recurring operating losses consume cash and are offset by financing rather than operations.
In FY2025, operating cash flow was-$5.4M against a net loss of$5.1M , so the reported loss is not merely non-cash. Financing cash flow supplied$6.6M while investing used$244K , indicating funding—not operating receipts—was the immediate source of cash support.
By FY2025, revenue was
Total assets were
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Indonesia Energy Corporation Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Indonesia Energy Corporation Limited's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 24/100.
Indonesia Energy Corporation Limited's revenue declined 24.6% year-over-year, from $2.7M to $2.0M. This contraction results in a growth score of 1/100.
Indonesia Energy Corporation Limited carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.13, Indonesia Energy Corporation Limited holds $5.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.
Indonesia Energy Corporation Limited's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 2/100.
Indonesia Energy Corporation Limited posts a -25.9% return on equity (ROE), meaning it loses $26 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is up from -34.8% the prior year.
Indonesia Energy Corporation Limited scores 4.56, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($41.1M) relative to total liabilities ($3.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Indonesia Energy Corporation Limited passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Indonesia Energy Corporation Limited reported a net loss of $5.1M while operations used $5.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Indonesia Energy Corporation Limited held $0 in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
INDO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
INDO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.8M+3.8% | $25.2M+44.3% | $21.9M+23.6% | $17.5M-6.6% | $17.7M-13.9% | $18.7M-2.2% | $20.6M+70.2% | $19.1M+34.8% |
| Current Assets | $7.5M+23.8% | $10.0M+95.2% | $6.1M-0.4% | $5.1M-24.4% | $6.1M-22.7% | $6.8M-22.5% | $7.9M+122.7% | $8.7M-2.3% |
| Cash & Equivalents | $0 | $10.5M+298.0% | $0 | $2.6M-55.5% | $0 | $5.9M+21.3% | $0 | $4.9M+20.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% |
| Accounts Receivable | $343K-0.4% | $492K+10.7% | $344K-40.9% | $444K-18.0% | $582K+24.4% | $542K-55.5% | $468K-53.1% | $1.2M+84.7% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.1M-16.8% | $3.3M-25.3% | $3.7M+22.7% | $4.4M+46.2% | $3.0M-6.6% | $3.0M-60.2% | $3.3M-23.9% | $7.6M+96.9% |
| Current Liabilities | $1.5M-23.4% | $1.6M-41.4% | $1.9M+18.1% | $2.7M+105.5% | $1.6M+32.6% | $1.3M-59.6% | $1.2M-57.1% | $3.2M+31.9% |
| Non-Current Liabilities | $1.6M-10.0% | $1.7M-0.2% | $1.8M+27.9% | $1.7M+0.8% | $1.4M-30.1% | $1.7M-60.6% | $2.0M+41.5% | $4.3M+211.3% |
| Total Equity | $19.7M+8.1% | $21.9M+67.7% | $18.2M+23.8% | $13.1M-16.7% | $14.7M-15.2% | $15.7M+35.7% | $17.3M+121.5% | $11.6M+11.8% |
| Retained Earnings | -$51.0M-11.1% | -$48.8M-17.0% | -$45.9M-16.0% | -$41.7M-8.1% | -$39.6M-7.2% | -$38.6M-10.6% | -$36.9M-9.2% | -$34.9M-13.7% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
INDO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
INDO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Indonesia Energy Corporation Limited INDO | FY2025 | $2.0M | -$5.1M | N/A | $41.1M | 36/100 |
| U.S. Energy Corp. USEG | FY2025 | $7.4M | -$14.4M | N/A | $51.6M | 8/100 |
Where Indonesia Energy Corporation Limited Ranks
Frequently Asked Questions
What is Indonesia Energy Corporation Limited's annual revenue?
Indonesia Energy Corporation Limited (INDO) reported $2.0M in total revenue for fiscal year 2025. This represents a -24.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Indonesia Energy Corporation Limited's revenue growing?
Indonesia Energy Corporation Limited (INDO) revenue declined by 24.6% year-over-year, from $2.7M to $2.0M in fiscal year 2025.
Is Indonesia Energy Corporation Limited profitable?
No, Indonesia Energy Corporation Limited (INDO) reported a net income of -$5.1M in fiscal year 2025.
What is Indonesia Energy Corporation Limited's EBITDA?
Indonesia Energy Corporation Limited (INDO) had EBITDA of -$4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Indonesia Energy Corporation Limited's return on equity (ROE)?
Indonesia Energy Corporation Limited (INDO) has a return on equity of -25.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Indonesia Energy Corporation Limited's free cash flow?
Indonesia Energy Corporation Limited (INDO) recorded an outflow of $5.5M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Indonesia Energy Corporation Limited's operating cash flow?
Indonesia Energy Corporation Limited (INDO) recorded an outflow of $5.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Indonesia Energy Corporation Limited's total assets?
Indonesia Energy Corporation Limited (INDO) had $22.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Indonesia Energy Corporation Limited's capital expenditures?
Indonesia Energy Corporation Limited (INDO) invested $45K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Indonesia Energy Corporation Limited's current ratio?
Indonesia Energy Corporation Limited (INDO) had a current ratio of 5.13 as of fiscal year 2025, which is generally considered healthy.
What is Indonesia Energy Corporation Limited's debt-to-equity ratio?
Indonesia Energy Corporation Limited (INDO) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Indonesia Energy Corporation Limited's return on assets (ROA)?
Indonesia Energy Corporation Limited (INDO) had a return on assets of -22.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Indonesia Energy Corporation Limited's P/E ratio?
Indonesia Energy Corporation Limited (INDO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $41.1M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Indonesia Energy Corporation Limited's price-to-sales ratio?
Indonesia Energy Corporation Limited (INDO) trades at 20.4x sales, its market capitalization divided by revenue of $2.0M revenue, FY2025. The market capitalization is $41.1M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Indonesia Energy Corporation Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Indonesia Energy Corporation Limited (INDO) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $5.4M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Indonesia Energy Corporation Limited's Altman Z-Score?
Indonesia Energy Corporation Limited (INDO) has an Altman Z-Score of 4.56, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Indonesia Energy Corporation Limited's Piotroski F-Score?
Indonesia Energy Corporation Limited (INDO) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Indonesia Energy Corporation Limited's earnings high quality?
Indonesia Energy Corporation Limited (INDO) reported a net loss of $5.1M while operations used $5.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Indonesia Energy Corporation Limited?
Indonesia Energy Corporation Limited (INDO) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.