INDO revenueFY2025$2.01M
- FY YoY
- -24.6%
- 5Y CAGR
- +0.3%
INDO revenue was $2.01M for fiscal 2025 (ended Dec 31, 2025), down 24.6% from fiscal 2024. Compound annual growth was +0.3% over 5 years. It rose in 3 of the last 8 fiscal years.
Indonesia Energy Corporation Limited (INDO) financials
For fiscal 2025 (ended Dec 31, 2025), Indonesia Energy Corporation Limited reported $2.01M of revenue and -$5.10M of net income.
- Revenue, FY2025
- $2.01M
- Revenue growth, YoY
- -24.6%
- Net income, FY2025
- -$5.10M
- Net margin
- -253.2%
- Free cash flow, FY2025
- -$5.48M
- EPS, diluted, FY2025
- -$0.35
- Cash
- $0
- P/S
- 18.46
- Market cap
- $37.2M
FY2017FY2025
FY2017FY2025
FY2017FY2025
INDO revenue and earnings growth
INDO net incomeFY2025-$5.10M
INDO net income was -$5.10M for fiscal 2025 (ended Dec 31, 2025), compared with -$6.34M in fiscal 2024.
INDO EPSFY2025-$0.35
INDO diluted EPS was -$0.35 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.55 in fiscal 2024.
INDO free cash flowFY2025-$5.48M
INDO free cash flow was -$5.48M for fiscal 2025 (ended Dec 31, 2025).
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.01M | $2.67M | $3.53M | $4.10M | $2.45M | $1.98M | $4.18M | $5.86M | $3.70M |
| Selling, general and admin | $3.45M | $5.17M | $3.37M | $4.60M | $5.25M | $6.53M | $2.43M | $2.02M | $1.26M |
| Operating income | -$4.58M | -$5.93M | -$3.50M | -$4.60M | -$6.10M | -$7.27M | -$1.60M | $143.4K | -$1.55M |
| Pre-tax income | -$5.10M | -$6.34M | -$2.64M | -$3.12M | -$6.08M | -$6.95M | -$1.67M | $141.0K | -$1.62M |
| Income tax | - | - | - | - | - | - | $0 | $0 | $0 |
| Net income | -$5.10M | -$6.34M | -$2.64M | -$3.06M | -$6.08M | -$6.95M | -$1.67M | $145.7K | -$1.60M |
| EPS, basic | -$0.35 | -$0.55 | -$0.26 | -$0.35 | -$0.82 | -$0.94 | -$0.28 | $0.02 | -$0.27 |
| EPS, diluted | -$0.35 | -$0.55 | -$0.26 | -$0.35 | -$0.82 | -$0.94 | -$0.28 | $0.02 | -$0.27 |
| Diluted shares | 14.7M | 11.5M | 10.1M | 8.9M | 7.4M | 7.4M | 6.0M | 6.0M | 6.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $0 | $0 | $0 | $7.40M | $3.10M | $9.40M | $16.07M | $4.43M | $2.20M |
| Receivables | $343.0K | $344.3K | $582.3K | $468.2K | $997.7K | $1.13M | $350.7K | $760.3K | - |
| Current assets | $7.50M | $6.06M | $6.08M | $7.87M | $3.53M | $11.24M | $15.07M | $4.00M | - |
| Total assets | $22.76M | $21.91M | $17.72M | $20.57M | $12.09M | $15.58M | $21.16M | $9.88M | - |
| Current liabilities | $1.46M | $1.91M | $1.61M | $1.22M | $2.83M | $1.83M | $2.74M | $2.67M | - |
| Total debt | - | - | - | - | $1.00M | $1.00M | $2.00M | - | - |
| Total liabilities | $3.10M | $3.72M | $3.03M | $3.25M | $4.27M | $3.22M | $4.96M | $4.80M | - |
| Shareholders' equity | $19.66M | $18.19M | $14.69M | $17.32M | $7.82M | $12.36M | $16.19M | $5.07M | -$19.39M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.43M | -$3.09M | -$2.98M | -$3.21M | -$3.55M | -$5.19M | -$439.8K | $1.92M | -$182.7K |
| Capital expenditures | $44.7K | - | - | $1.7K | $311.6K | - | $0 | $2.2K | $184.4K |
| Free cash flow | -$5.48M | - | - | -$3.21M | -$3.86M | - | -$439.8K | $1.92M | -$367.1K |
| Investing cash flow | -$244.0K | -$2.82M | -$419.5K | -$5.42M | -$2.76M | -$357.3K | -$1.05M | -$853.6K | -$1.59M |
| Financing cash flow | $6.56M | $8.41M | - | $12.93M | - | -$1.13M | $13.12M | $1.17M | $1.61M |
| Stock-based compensation | - | $1.23M | - | $526.5K | $1.29M | $3.01M | $247.8K | $0 | $0 |
| Depreciation and amortization | $559.9K | $665.2K | $702.2K | $1.14M | $810.9K | $698.9K | $876.7K | $1.16M | $1.19M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -24.6% | -24.3% | -14.0% | 67.1% | 23.8% | -52.7% | -28.6% | 58.1% | - |
| Operating margin | -227.5% | -222.4% | -99.2% | -112.2% | -248.8% | -367.0% | -38.3% | 2.4% | -41.9% |
| Net margin | -253.2% | -237.6% | -75.0% | -74.8% | -248.0% | -351.0% | -40.0% | 2.5% | -43.3% |
| Free cash flow margin | -272.3% | - | - | -78.3% | -157.4% | - | -10.5% | 32.8% | -9.9% |
| Return on equity | -25.9% | -34.8% | -18.0% | -17.7% | -77.8% | -56.3% | -10.3% | 2.9% | - |
| Return on assets | -22.4% | -28.9% | -14.9% | -14.9% | -50.3% | -44.6% | -7.9% | 1.5% | - |
| Current ratio | 5.13 | 3.18 | 3.77 | 6.47 | 1.25 | 6.15 | 5.50 | 1.50 | - |
| Debt to equity | - | - | - | - | 0.13 | 0.08 | 0.12 | - | - |
Source: XBRL data Indonesia Energy Corporation Limited files with the SEC, latest filing dated Apr 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
INDO peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| INDO | $2.01M | -24.6% | -$5.10M | -253.2% | $37.2M |
| SHEL | $273.73B | -5.3% | $17.84B | 6.5% | $273.51B |
| TTE | $201.20B | -6.2% | $13.13B | 6.5% | $192.00B |
| PBR | $89.19B | -2.4% | $19.63B | 22.0% | $118.25B |
| CNQ | C$38.76B | +8.7% | C$10.82B | 27.9% | $98.26B |
| E | €82.15B | -7.5% | €2.61B | 3.2% | $87.98B |
| EOG | $29.73B | +31.7% | $8.19B | 27.5% | $76.96B |
| OXY | $25.75B | +36.9% | $7.50B | 29.1% | $55.74B |
| OKE | $43.19B | +36.8% | $4.07B | 9.4% | $54.21B |
INDO FAQ
8 questionsWhat is INDO revenue?
Indonesia Energy Corporation Limited (INDO) reported $2.01M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 24.6% from the year before.Is INDO profitable?
No. Indonesia Energy Corporation Limited reported a net loss of $5.10M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does INDO have?
Indonesia Energy Corporation Limited reported $0 in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is INDO revenue growing?
Indonesia Energy Corporation Limited's revenue changed -24.6% in fiscal 2025, to $2.01M. Its compound annual growth rate was +0.3% over 5 years.What is INDO free cash flow?
Indonesia Energy Corporation Limited generated -$5.48M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$5.43M less capital expenditures.What is INDO earnings per share?
Diluted earnings per share were -$0.35 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did INDO last report financial results?
The latest statements here come from Indonesia Energy Corporation Limited's 20-F filed on Apr 29, 2026, covering the period ended Dec 31, 2025.Where does this INDO financial data come from?
Quantisnow builds these statements from the structured XBRL data Indonesia Energy Corporation Limited files with the SEC. It is provided for information only and is not investment advice.