United States Gasoline Financials

UGA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows United States Gasoline (UGA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Piotroski F-Score Weak

1/9

United States Gasoline passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.45x

For every $1 of reported earnings, United States Gasoline generates $0.45 in operating cash flow (-$1.8M OCF vs -$3.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$3.9M

YoY-169.6%

United States Gasoline reported -$3.9M in net income in fiscal year 2025. This represents a decrease of 169.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$67.1M

YoY-11.5%

5Y CAGR-1.6%

10Y CAGR+0.4%

United States Gasoline held $67.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-5.1%

YoY-10.7pp

5Y CAGR-58.1pp

10Y CAGR+7.0pp

United States Gasoline's ROE was -5.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

UGA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$6.7M+368.8%	$1.4M-95.0%	$28.4M-42.2%	$49.1M+14.2%	$43.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$3.9M-169.6%	$5.6M+945.6%	$539K-98.0%	$27.4M-43.3%	$48.3M+13.5%	$42.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$5.1M	N/A	$2.3M-69.3%	$7.5M	N/A	N/A	$16.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.2M-205.7%	$4.9M+186.1%	-$5.7M-376.3%	$2.1M-71.4%	$7.2M+152.5%	-$13.7M-264.9%	-$3.8M-123.6%	$15.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UGA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$77.5M-23.3%	$101.0M+18.6%	$85.2M-2.2%	$87.0M+8.2%	$80.5M-1.3%	$81.5M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$67.1M-11.5%	$75.9M+65.5%	$45.8M+49.9%	$30.6M-39.0%	$50.1M-30.9%	$72.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$246K-8.4%	$269K+0.3%	$268K-34.5%	$409K-95.3%	$8.7M+528.4%	$1.4M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$77.2M-23.3%	$100.7M+18.6%	$84.9M-2.0%	$86.6M+20.6%	$71.8M-10.4%	$80.2M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$77.5M+4.5%	$74.1M+2.3%	$72.5M-19.6%	$90.2M-10.7%	$101.0M+4.4%	$96.7M-7.7%	$104.7M-13.4%	$120.9M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$67.1M+11.4%	$60.2M+2.5%	$58.8M-9.7%	$65.1M-14.2%	$75.9M+1.6%	$74.7M-6.7%	$80.0M-10.5%	$89.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$246K+29.3%	$191K+28.3%	$149K-32.7%	$221K-17.9%	$269K+58.9%	$169K+51.9%	$111K-29.1%	$157K
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$77.2M+4.4%	$73.9M+2.2%	$72.3M-19.6%	$90.0M-10.6%	$100.7M+4.3%	$96.5M-7.7%	$104.6M-13.4%	$120.8M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UGA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.8M-246.9%	$1.2M-91.1%	$13.6M-29.8%	$19.3M-58.4%	$46.5M+15.4%	$40.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$19.6M-292.4%	$10.2M+546.7%	-$2.3M+89.2%	-$21.0M+57.5%	-$49.4M-604.7%	$9.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$8.0M-422.0%	$2.5M-22.5%	$3.2M+478.1%	$558K-86.9%	$4.3M+149.8%	-$8.6M-16.6%	-$7.3M-157.2%	$12.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$8.5M+356.1%	-$3.3M+72.3%	-$11.9M+6.6%	-$12.8M-320.4%	-$3.0M-153.7%	$5.7M+145.7%	-$12.4M-162.1%	$20.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UGA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	84.6%+46.7pp	38.0%-58.4pp	96.3%-1.9pp	98.2%-0.6pp	98.8%
Return on Equity	-5.1%-10.7pp	5.6%+5.0pp	0.6%-31.0pp	31.6%-35.6pp	67.2%+14.2pp	53.0%
Return on Assets	-5.1%-10.6pp	5.6%+5.0pp	0.6%-30.8pp	31.4%-28.5pp	60.0%+7.8pp	52.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.00-0.1	0.12+0.1	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	95.9%	N/A	89.6%-6.6pp	96.1%	N/A	N/A	98.7%
Return on Equity	-6.7%-13.4pp	6.6%+14.5pp	-7.9%-10.2pp	2.3%-4.9pp	7.2%+21.4pp	-14.2%-10.6pp	-3.6%-16.8pp	13.2%
Return on Assets	-6.7%-13.3pp	6.6%+14.5pp	-7.9%-10.2pp	2.3%-4.9pp	7.1%+21.4pp	-14.2%-10.6pp	-3.6%-16.8pp	13.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is United States Gasoline profitable?

No, United States Gasoline (UGA) reported a net income of -$3.9M in fiscal year 2025.

What is United States Gasoline's return on equity (ROE)?

United States Gasoline (UGA) has a return on equity of -5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is United States Gasoline's operating cash flow?

United States Gasoline (UGA) generated -$1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are United States Gasoline's total assets?

United States Gasoline (UGA) had $77.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What is United States Gasoline's debt-to-equity ratio?

United States Gasoline (UGA) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is United States Gasoline's return on assets (ROA)?

United States Gasoline (UGA) had a return on assets of -5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is United States Gasoline's cash runway?

Based on fiscal year 2025 data, United States Gasoline (UGA) had $67.1M in cash against an annual operating cash burn of $1.8M. This gives an estimated cash runway of approximately 456 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is United States Gasoline's Piotroski F-Score?

United States Gasoline (UGA) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are United States Gasoline's earnings high quality?

United States Gasoline (UGA) has an earnings quality ratio of 0.45x, considered low quality (accrual-driven). 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.