US Enrgy Financials
US Enrgy (USEG) reported $6.8M in revenue over the twelve months to Mar 31, 2026, down 61.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Shrinking revenue is colliding with fixed costs, while financing rather than operations supplied the cash needed in FY2025.
The unusual earnings-quality shift is that FY2024's net loss of$25.7M coexisted with operating cash flow of$4.6M , suggesting noncash charges or working-capital movements cushioned cash conversion. In FY2025, a smaller net loss of$14.4M arrived alongside operating cash flow of-$7.1M , showing those offsets no longer supported operations.
The capital structure became less leveraged but more strained at the front end: debt-to-equity fell from 1.1x in FY2024 to 0.7x in FY2025, while the current ratio fell from 0.8x to 0.3x. That combination means lower relative leverage did not translate into stronger short-term coverage, because current assets were only
FY2025 financing inflow of
Financial Health Signals
US Enrgy does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
US Enrgy scores -6.52, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($51.6M) relative to total liabilities ($16.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
US Enrgy passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
US Enrgy reported a net loss of $14.4M while operations used $7.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
US Enrgy reported an operating loss of $14.4M against $208K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
US Enrgy generated $7.4M in revenue in fiscal year 2025. This represents a decrease of 64.3% from the prior year.
US Enrgy's EBITDA was -$10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.3% from the prior year.
US Enrgy reported -$14.4M in net income in fiscal year 2025. This represents an increase of 44.1% from the prior year.
US Enrgy earned -$0.43 per diluted share (EPS) in fiscal year 2025. This represents an increase of 55.2% from the prior year.
Cash & Balance Sheet
US Enrgy held $429K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
US Enrgy's ROE was -59.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 46.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
US Enrgy spent $316K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 59.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
USEG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6M+15.1% | $1.4M-19.8% | $1.7M-14.3% | $2.0M-7.5% | $2.2M-48.1% | $4.2M-14.8% | $5.0M-18.0% | $6.0M |
| SG&A Expenses | $3.0M+131.6% | $1.3M-37.7% | $2.1M-5.9% | $2.2M-6.0% | $2.4M+45.0% | $1.6M-26.8% | $2.3M+7.7% | $2.1M |
| Operating Income | -$3.1M-90.2% | -$1.7M+51.1% | -$3.4M+45.8% | -$6.2M-102.0% | -$3.1M+73.8% | -$11.8M-183.8% | -$4.2M-142.0% | -$1.7M |
| Interest Expense | -$63K-50.0% | -$42K+41.7% | -$72K-53.2% | -$47K0.0% | -$47K+52.0% | -$98K-5.4% | -$93K+29.0% | -$131K |
| Income Tax | $0-100.0% | $6K | $0 | $0 | $0-100.0% | $26K+230.0% | -$20K-400.0% | -$4K |
| Net Income | -$3.2M-70.9% | -$1.9M+44.2% | -$3.3M+44.8% | -$6.1M-94.7% | -$3.1M+74.0% | -$12.0M-432.4% | -$2.2M-13.8% | -$2.0M |
| EPS (Diluted) | N/A | N/A | N/A | -$0.19 | N/A | N/A | -$0.080.0% | -$0.08 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
USEG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $55.2M+35.8% | $40.6M-12.6% | $46.5M-8.8% | $51.0M-8.7% | $55.8M+12.4% | $49.7M-22.5% | $64.1M-13.0% | $73.7M |
| Current Assets | $12.5M+529.3% | $2.0M-29.1% | $2.8M-65.9% | $8.2M-32.1% | $12.1M+24.3% | $9.7M+187.2% | $3.4M-34.7% | $5.2M |
| Cash & Equivalents | $10.5M+2336.1% | $429K-69.7% | $1.4M-79.0% | $6.7M-35.9% | $10.5M+36.0% | $7.7M+568.7% | $1.2M-48.0% | $2.2M |
| Accounts Receivable | $714K+57.3% | $454K-7.3% | $490K-13.6% | $567K-6.9% | $609K-53.1% | $1.3M-8.3% | $1.4M-25.6% | $1.9M |
| Total Liabilities | $16.7M+1.7% | $16.4M-23.4% | $21.5M-6.8% | $23.0M+3.4% | $22.3M-12.5% | $25.5M-10.1% | $28.3M-21.2% | $35.9M |
| Current Liabilities | $6.5M+8.2% | $6.0M-28.9% | $8.5M-21.4% | $10.8M+22.7% | $8.8M-26.7% | $12.0M+10.0% | $10.9M+5.1% | $10.4M |
| Total Equity | $38.5M+59.0% | $24.2M-3.4% | $25.0M-10.4% | $28.0M-17.6% | $33.9M+40.2% | $24.2M-32.3% | $35.7M-5.3% | $37.7M |
| Retained Earnings | -$215.1M-1.5% | -$211.9M-0.7% | -$210.4M-1.6% | -$207.1M-3.0% | -$201.0M-1.8% | -$197.5M-6.3% | -$185.9M-1.2% | -$183.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
USEG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.5M-186.1% | -$857K-452.9% | -$155K+90.2% | -$1.6M+65.2% | -$4.5M-367.9% | $1.7M-33.9% | $2.6M+176.1% | $929K |
| Investing Cash Flow | -$4.4M-100.1% | -$2.2M+57.1% | -$5.2M-147.2% | -$2.1M+13.8% | -$2.4M-147.7% | $5.1M+49.9% | $3.4M+234.6% | -$2.5M |
| Financing Cash Flow | $16.9M+710.8% | $2.1M | $0+100.0% | -$104K-101.1% | $9.7M+4853.7% | -$205K+97.1% | -$7.0M-488.9% | $1.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
| Share Buybacks | $0 | $0 | $0-100.0% | $82K-65.0% | $234K+14.7% | $204K+920.0% | $20K-88.1% | $168K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
USEG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -196.0% | -118.6% | -194.4% | -307.6% | -140.8% | -278.9% | -83.8%-55.4pp | -28.4% |
| Net Margin | -198.6% | -133.7% | -192.2% | -298.7% | -141.9% | -283.2% | -45.3%-12.7pp | -32.6% |
| Return on Equity | -8.3%-0.6pp | -7.7%+5.6pp | -13.3%+8.3pp | -21.7%-12.5pp | -9.2%+40.3pp | -49.4%-43.1pp | -6.3%-1.1pp | -5.2% |
| Return on Assets | -5.8%-1.2pp | -4.6%+2.6pp | -7.2%+4.7pp | -11.9%-6.3pp | -5.6%+18.5pp | -24.1%-20.6pp | -3.5%-0.8pp | -2.7% |
| Current Ratio | 1.92+1.6x | 0.330.0x | 0.33-0.4x | 0.76-0.6x | 1.38+0.6x | 0.81+0.5x | 0.31-0.2x | 0.50 |
| Debt-to-Equity | 0.43-0.2x | 0.68-0.2x | 0.860.0x | 0.82+0.2x | 0.66-0.4x | 1.05+0.3x | 0.79-0.2x | 0.95 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Where US Enrgy Ranks
Frequently Asked Questions
What is US Enrgy's annual revenue?
US Enrgy (USEG) reported $7.4M in total revenue for fiscal year 2025. This represents a -64.3% 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 US Enrgy's revenue growing?
US Enrgy (USEG) revenue declined by 64.3% year-over-year, from $20.6M to $7.4M in fiscal year 2025.
Is US Enrgy profitable?
No, US Enrgy (USEG) reported a net income of -$14.4M in fiscal year 2025.
What is US Enrgy's EBITDA?
US Enrgy (USEG) had EBITDA of -$10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is US Enrgy's return on equity (ROE)?
US Enrgy (USEG) has a return on equity of -59.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is US Enrgy's operating cash flow?
US Enrgy (USEG) recorded an outflow of $7.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are US Enrgy's total assets?
US Enrgy (USEG) had $40.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is US Enrgy's current ratio?
US Enrgy (USEG) had a current ratio of 0.33 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is US Enrgy's debt-to-equity ratio?
US Enrgy (USEG) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is US Enrgy's return on assets (ROA)?
US Enrgy (USEG) had a return on assets of -35.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is US Enrgy's Altman Z-Score?
US Enrgy (USEG) has an Altman Z-Score of -6.52, placing it in the Distress Zone (elevated 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 US Enrgy's Piotroski F-Score?
US Enrgy (USEG) 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 US Enrgy's earnings high quality?
US Enrgy (USEG) reported a net loss of $14.4M while operations used $7.1M 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.
Can US Enrgy cover its interest payments?
US Enrgy (USEG) reported an operating loss of $14.4M against $208K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.