PEDEVCO Corp (PED) financial statements: income statement, balance sheet and cash flow

PEDEVCO Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PEDEVCO Corp reported revenue of $45.8M (+15.7% year on year).

Income statement

PEDEVCO Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$45.8M	$39.6M	$30.8M	$30.0M
Operating Lease Expense	$19.1M	—	—	—
Selling, General and Administrative Expense	$16.8M	$6.4M	$6.0M	$5.9M
Restructuring Expense	$908.0K	—	—	—
Depreciation Expense	$18.0M	$15.9M	$10.9M	$11.2M
Total operating expenses	$54.8M	$34.8M	$26.7M	$27.4M
Gain (Loss) on sale of oil and gas properties, net	$2.6M	—	($4.3M)	—
Non-Operating Income (Expense)	($1.4M)	($76.0K)	—	—
Operating income	($7.9M)	$4.7M	($198.0K)	$2.6M
Interest expense	($1.4M)	—	—	$0
Interest Income	$274.0K	$351.0K	$422.0K	—
Gain/Loss on Asset Sales (CF)	$0	$12.0K	—	—
Non-Operating Income (Expense)	$6.3M	—	—	—
Non-Operating Income (Expense)	$428.0K	$321.0K	$462.0K	—
Total other income	$5.5M	—	—	$214.0K
Income before income taxes	($2.3M)	$5.0M	—	—
Income tax (expense) benefit	($8.1M)	$12.8M	—	—
Net (loss) income	($10.4M)	$17.8M	$264.0K	$2.8M
Earnings Per Share (Basic)	-$2.25	$0.20	$0.00	$0.03
Earnings Per Share (Diluted)	-$2.25	$0.20	$0.00	$0.03
Basic	4.6M	89.2M	87.0M	85.5M
Diluted	4.6M	89.2M	87.0M	85.5M

PEDEVCO Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenue	$46.1M	$40.2M	$7.0M	$7.0M
Operating Lease Expense	$16.4M	$16.4M	$2.1M	$2.8M
Research and Development Expense	$24.0K	—	—	—
Selling, General and Administrative Expense	$3.4M	$3.1M	$1.5M	$1.7M
Depreciation Expense	$10.2M	$12.4M	$4.0M	$3.9M
Restructuring Expense	$817.0K	$1.6M	$165.0K	$510.0K
Total operating expenses	$30.8M	$33.5M	$7.8M	$8.9M
Gain on sale of oil and gas properties	$52.0K	—	$0	$1.0M
Note receivable - credit loss	$0	—	—	—
Operating income (loss)	$15.4M	$6.7M	($834.0K)	($2.2M)
Interest expense	($2.0M)	($2.0M)	($102.0K)	—
Interest Income	$76.0K	$58.0K	$69.0K	$63.0K
Non-Operating Income (Expense)	$5.0M	($31.3M)	$0	($1.4M)
Non-Operating Income (Expense)	$6.0K	$5.0K	$378.0K	$15.0K
Total other income (expense)	$3.1M	($33.2M)	—	—
Income (loss) before income taxes	$18.5M	($26.5M)	($489.0K)	($2.2M)
Income tax benefit (expense)	($1.0M)	$868.0K	$164.0K	$490.0K
Net income (loss)	$17.5M	($25.6M)	($325.0K)	($1.7M)
Earnings Per Share (Basic)	$1.31	-$3.28	$0.00	-$0.02
Earnings Per Share (Diluted)	$1.31	-$3.28	$0.00	-$0.02
Basic	13.3M	7.8M	92.2M	91.4M
Diluted	13.3M	7.8M	92.2M	91.4M

Balance sheet

PEDEVCO Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and Cash Equivalents	$3.2M	$4.0M	$18.5M	$29.4M
Accounts Receivable	$25.7M	$8.0M	$5.8M	$2.4M
Accounts Receivable	$0	$293.0K	$42.0K	—
Inventory	$61.0K	—	—	—
Other Non-Operating Current Assets	$8.4M	—	—	—
Other Non-Operating Current Assets	$434.0K	$917.0K	$260.0K	$249.0K
Total current assets	$37.8M	$13.2M	$24.6M	$32.1M
Oil and gas properties, subject to amortization, net	$303.4M	$95.1M	$79.2M	$79.4M
Oil and gas properties, not subject to amortization, net	$18.9M	$8.4M	$12.4M	$775.0K
Total oil and gas properties, net	$322.3M	$103.5M	$91.6M	$80.1M
Other Non-Operating Current Assets	$0	—	$1.1M	—
Operating Lease Right-of-Use Asset	$213.0K	$224.0K	$316.0K	$71.0K
Other Non-Operating Non-Current Assets	$9.6M	$3.2M	$2.4M	$3.8M
Deferred Tax Assets, Non-Current	$0	$12.8K	—	—
Other Non-Operating Current Assets	$6.0M	—	—	—
Total assets	$375.9M	$133.8M	$120.1M	$116.1M
Accounts Payable	$32.4M	$2.6M	$6.6M	$1.6M
Other Current Liabilities	$8.2M	$2.3M	$8.7M	$13.8M
Revenue payable	$21.5M	$1.3M	$3.4M	$1.0M
Operating Lease Liability, Current	$182.0K	$99.0K	$89.0K	$81.0K
Other Non-Operating Current Liabilities	$964.0K	—	—	—
Other Non-Operating Current Liabilities	$1.2M	$663.0K	$147.0K	$472.0K
Deferred income taxes	$800.0K	—	—	—
Total current liabilities	$64.5M	$6.9M	$18.9M	$17.0M
Revolving credit facility	$87.0M	—	—	—
Operating Lease Liability, Non-Current	$32.0K	$129.0K	$227.0K	$0
Other Non-Operating Non-Current Liabilities	$6.4M	—	—	—
Asset Retirement Obligations	$7.6M	$5.7M	$2.2M	$2.7M
Other Non-Operating Non-Current Liabilities	$2.2M	—	—	—
Total liabilities	$168.5M	$12.7M	$21.3M	$19.7M
Preferred Stock	$17.0M	—	—	—
Total Stockholders' Equity	$5.0K	$89.0K	$87.0K	$86.0K
Additional Paid-In Capital	$312.2M	$227.0M	$225.2M	$223.1M
Retained Earnings	($121.9M)	($106.0M)	($126.5M)	($126.7M)
Total shareholders' equity	$207.4M	$121.1M	$98.8M	$96.5M
Total liabilities and shareholders' equity	$375.9M	$133.8M	$120.1M	$116.1M

PEDEVCO Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and Cash Equivalents	$10.8M	$7.7M	$10.9M	$8.5M
Restricted Cash, Current	$1.3M	$3.6M	—	—
Accounts Receivable	$24.0M	$27.4M	$0	$0
Inventory	$141.0K	$141.0K	—	—
Other Non-Operating Current Assets	$3.3M	$3.3M	$0	$0
Other Non-Operating Current Assets	$180.0K	$307.0K	$229.0K	$568.0K
Total current assets	$39.8M	$42.5M	$16.2M	$17.6M
Property, Plant and Equipment	$295.7M	$301.5M	—	—
Oil and gas properties, not subject to amortization, net	$16.6M	$15.9M	$14.4M	$6.2M
Total oil and gas properties, net	$312.3M	$317.4M	$107.8M	$102.4M
Other Non-Operating Non-Current Assets	$5.3M	$7.6M	—	—
Operating Lease Right-of-Use Asset	$124.0K	$169.0K	$256.0K	$299.0K
Other Non-Operating Current Assets	$2.1M	$2.3M	$3.8M	$3.3M
Total assets	$359.7M	$370.1M	$135.9M	$136.8M
Accounts Payable	$6.5M	$9.9M	$10.3M	$5.8M
Other Current Liabilities	$13.4M	$12.4M	$1.3M	$1.6M
Revenue payable	$22.2M	$22.9M	$2.2M	$2.5M
Operating Lease Liability, Current	$125.0K	$170.0K	$178.0K	$174.0K
Other Non-Operating Current Liabilities	$5.7M	$16.8M	—	—
Total Deposits	$2.0M	—	—	—
Other Non-Operating Current Liabilities	$743.0K	$714.0K	$616.0K	$580.0K
Total current liabilities	$50.7M	$63.0M	$14.6M	$10.6M
Revolving credit facility	$85.0M	$98.0M	—	—
Operating Lease Liability, Non-Current	$0	$0	$79.0K	$125.0K
Other Non-Operating Non-Current Liabilities	$7.1M	$11.4M	—	—
Asset Retirement Obligations	$13.7M	$13.3M	$5.8M	$5.5M
Deferred Tax Liabilities, Current	$921.0K	$0	—	—
Other Non-Operating Non-Current Liabilities	$2.2M	$2.2M	—	—
Total liabilities	$159.6M	$187.9M	$20.5M	$16.2M
Preferred Stock	$0	$0	—	—
Total Stockholders' Equity	$13.0K	$13.0K	$93.0K	$92.0K
Additional Paid-In Capital	$330.1M	$329.7M	$228.6M	$228.1M
Retained Earnings	($130.0M)	($147.5M)	($113.4M)	($107.5M)
Total shareholders' equity	$200.1M	$182.2M	$115.4M	$120.7M
Total liabilities and shareholders' equity	$359.7M	$370.1M	$135.9M	$136.8M

Cash flow statement

PEDEVCO Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net (loss) income	($10.4M)	$17.8M	—	—
Depreciation, depletion, amortization and accretion	$18.0M	$15.9M	—	—
Impairment of oil and gas properties	$908.0K	—	—	—
Note receivable - credit loss	$1.4M	$0	—	—
Net Cash from Operating Activities	$170.0K	$110.0K	$100.0K	($14.0K)
Interest Expense	$267.0K	—	—	—
Stock-Based Compensation Expense	$2.8M	$1.9M	$2.0M	$2.1M
Unrealized gain on derivative contracts, net	($6.3M)	—	—	—
Cash received for derivative settlements, net	$2.1M	—	—	—
Disposition of escrow cash account	$0	—	—	—
Deferred income taxes	$8.1M	($12.8K)	—	—
(Gain) loss on sale of oil and gas properties, net	($2.6M)	—	$4.3M	$0
Gain on disposal of fixed asset	$0	($12.0K)	—	—
Accounts receivable - oil and gas	($5.0M)	($2.1M)	($3.4M)	($648.0K)
Inventory	($61.0K)	—	—	—
Note receivable accrued interest	($41.0K)	($85.0K)	—	—
Prepaid expenses and other assets	($899.0K)	($657.0K)	($11.0K)	—
Accounts payable	$2.3M	$541.0K	($11.0K)	($159.0K)
Accrued expenses	($1.1M)	($5.9M)	$7.0M	$435.0K
Other long term liabilities	($46.0K)	—	—	—
Revenue payable	$1.1M	($2.1M)	$2.4M	$80.0K
Net cash provided by operating activities	$10.8M	$12.8M	$23.5M	$16.0M
Cash paid for merger acquisition	($115.6M)	—	—	—
Cash paid for drilling and completion costs	($20.5M)	($27.9M)	($35.0M)	($12.3M)
Cash paid for other property and equipment	$0	($169.0K)	($45.0K)	$0
Cash received for sale of oil and gas properties	$2.9M	$1.1M	$366.0K	—
Cash received for sale of vehicle	$0	$12.0K	—	—
Net cash used in investing activities	($133.2M)	($26.9M)	($35.7M)	($12.3M)
Proceeds from Debt Issuance	$87.0M	—	—	—
Proceeds from Stock Issuance	$35.0M	—	—	—
Stock Repurchases (Issuances)	$139.0K	—	$0	$35.0K
Net cash provided by investing activities	$122.1M	—	$0	$35.0K
Net increase (decrease) in cash and restricted cash	($286.0K)	($14.1M)	($12.3M)	—
Cash and restricted cash at beginning of period	$6.6M	$20.7M	$33.0M	$29.2M
Cash and restricted cash at end of period	$6.3M	—	—	—
Interest Expense	$590.0K	$0	$0	$0
Income taxes	$0	$0	$0	—
Change in accrued oil and gas development costs	$11.2M	$5.7M	$7.7M	$10.9M
Changes in estimates of asset retirement costs, net	$1.2M	—	—	—
Issuance of restricted common stock	$1.0K	$2.0K	$1.0K	$2.0K
Issuance of convertible preferred stock	$64.2M	—	—	—

PEDEVCO Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income (loss)	($8.2M)	—	—	—
Depreciation, depletion, amortization and accretion	$22.6M	$12.4M	$11.2M	$7.2M
Impairment of oil and gas properties	$2.4M	$1.6M	$907.0K	$742.0K
Note receivable - credit loss	$0	—	$1.4M	$1.4M
Net Cash from Operating Activities	$89.0K	$48.0K	$122.0K	$75.0K
Interest Expense	$336.0K	$168.0K	$102.0K	—
Share-based compensation expense	$904.0K	—	$1.5M	—
Net loss on derivative contracts	$26.3M	$31.3M	—	—
Cash (paid) received for derivative settlements, net	($7.8M)	$158.0K	—	—
Deferred income taxes	$121.0K	($896.0K)	($578.0K)	($414.0K)
Gain on sale of oil and gas properties	($52.0K)	—	—	—
Accounts receivable - oil and gas	$1.7M	($1.7M)	$2.9M	($672.0K)
Note receivable accrued interest	$0	$0	($41.0K)	($41.0K)
Inventory	($80.0K)	($80.0K)	—	—
Prepaid expenses and other current assets	$653.0K	$521.0K	—	$349.0K
Accounts payable	($20.5M)	($17.0M)	$7.3M	($2.2M)
Accrued expenses	$6.6M	$7.6M	($9.8M)	($481.0K)
Revenue payable	$751.0K	$1.5M	$942.0K	$1.2M
Income tax payable	$37.0K	$28.0K	—	—
Change in Other Working Capital	$29.0K	$31.0K	—	—
Net cash provided by operating activities	$25.9M	$10.5M	$12.9M	$5.5M
Cash paid for drilling and completion costs	($20.0M)	($16.5M)	($8.9M)	($3.7M)
Cash received for sale of oil and gas property	$2.0M	$0	$2.9M	$2.6M
Net cash (used in) provided by investing activities	($18.0M)	($16.5M)	($6.0M)	($1.0M)
Proceeds from Debt Issuance	$11.0M	$11.0M	—	—
Repayment of credit facility	($13.0M)	—	—	—
Reverse stock split costs	($44.0K)	($44.0K)	—	—
Net Cash from Financing Activities	$0	—	—	—
Net cash (used in) provided by financing activities	($2.0M)	$11.0M	$139.0K	$139.0K
Net increase in cash and restricted cash	$5.8M	$5.0M	$7.1M	$4.6M
Cash and restricted cash at beginning of period	$6.3M	$6.3M	$6.6M	$6.6M
Cash and restricted cash at end of period	$12.1M	$11.3M	$13.7M	$11.2M
Interest Expense	$2.9M	$1.1M	—	—
Income Tax Expense	$0	$0	—	—
Change in accrued oil and gas development costs	($10.8M)	$12.7M	($8.8M)	($4.8M)
Changes in estimates of asset retirement costs, net	$4.7M	$4.5M	$476.0K	$119.0K
Conversion of preferred stock into common stock	$17.0M	$17.0M	—	—
Issuance of restricted common stock	$0	$0	$4.0K	$3.0K

PEDEVCO Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.