US Enrgy Financials
This page shows US Enrgy (USEG) 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).
External financing is carrying a shrinking operating base as revenue falls faster than costs and liquidity can adjust.
FY2025 shows a mismatch between reported loss improvement and cash reality: net loss improved from FY2024, but operating cash flow swung from$4.6M to-$7.1M . At the same time, cash fell from$7.7M to$429K , which means the smaller accounting loss did not reduce funding pressure and outside capital remained the practical bridge.
The balance sheet became less leveraged on paper, with total liabilities down to
This looks like a shrinking production base rather than a one-year interruption: revenue dropped to
Financial Health Signals
Scored against emerging 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 US Enrgy'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.
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.
For every $1 of reported earnings, US Enrgy generates $0.50 in operating cash flow (-$7.1M OCF vs -$14.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
US Enrgy earns $-69.0 in operating income for every $1 of interest expense (-$14.4M vs $208K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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 against $0 in long-term debt as of fiscal year 2025.
US Enrgy had 34M shares outstanding in fiscal year 2025. This represents an increase of 23.3% from the prior year.
Margins & Returns
US Enrgy's operating margin was -195.3% in fiscal year 2025, reflecting core business profitability. This is down 70.8 percentage points from the prior year.
US Enrgy's net profit margin was -195.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 70.7 percentage points from the prior year.
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.
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.
USEG Income Statement
| 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 |
| 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 | $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 |
USEG Balance Sheet
| 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 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
USEG Cash Flow Statement
| 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 |
| 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 | -$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 |
USEG Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -196.0%-77.4pp | -118.6%+75.8pp | -194.4%+113.2pp | -307.6%-166.8pp | -140.8%+138.1pp | -278.9%-195.2pp | -83.8%-55.4pp | -28.4% |
| Net Margin | -198.6%-64.9pp | -133.7%+58.5pp | -192.2%+106.5pp | -298.7%-156.9pp | -141.9%+141.3pp | -283.2%-237.8pp | -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+1.6 | 0.330.0 | 0.33-0.4 | 0.76-0.6 | 1.38+0.6 | 0.81+0.5 | 0.31-0.2 | 0.50 |
| Debt-to-Equity | 0.43-0.2 | 0.68-0.2 | 0.86+0.0 | 0.82+0.2 | 0.66-0.4 | 1.05+0.3 | 0.79-0.2 | 0.95 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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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, with a net profit margin of -195.5%.
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 operating margin?
US Enrgy (USEG) had an operating margin of -195.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is US Enrgy's net profit margin?
US Enrgy (USEG) had a net profit margin of -195.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
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) generated -$7.1M in operating cash flow during fiscal year 2025, representing cash generated from 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 cash runway?
Based on fiscal year 2025 data, US Enrgy (USEG) had $429K in cash against an annual operating cash burn of $7.1M. This gives an estimated cash runway of approximately 1 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 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) has an earnings quality ratio of 0.50x, 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.
Can US Enrgy cover its interest payments?
US Enrgy (USEG) has an interest coverage ratio of -69.0x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is US Enrgy?
US Enrgy (USEG) scores 10 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.