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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›USO›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

United States Oil Fund, LP (USO) financials

Income statement

United States Oil Fund, LP (USO) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$692M$99.1M-$278M$485M-$1.88B$1.63B$801M-$34.9M$232M-$56.2M
Revenue growth—-85.7%-380.7%274.3%-487.1%186.6%-50.8%-104.4%764.5%-124.2%
Net income$667M$79.0M-$291M$473M-$1.91B$1.60B$785M-$46.0M$221M-$64.7M
Net margin96.3%79.7%104.7%97.7%101.5%98.5%98.1%131.9%95.3%115.0%

Cash flow

United States Oil Fund, LP (USO) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$527M$19.0M-$36.7M$251M-$2.25B$1.87B$872M-$12.8M$176M-$21.9M

Balance sheet

United States Oil Fund, LP (USO) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.92B$1.85B$1.22B$1.03B$2.59B$1.57B$856M$952M$727M$652M
Total assets$3.28B$2.15B$1.49B$1.21B$3.71B$2.38B$1.98B$1.59B$1.10B$890M
Total liabilities$181M$129M$16.9M$42.9M$86.9M$4.93M$5.95M$19.4M$10.9M$3.54M
Shares (wtd avg diluted)————1.48B——185M——

Every figure is extracted from United States Oil Fund, LP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is United States Oil Fund, LP's annual revenue?
United States Oil Fund, LP (USO) reported -$56.2M of revenue for fiscal year 2025 — down 124.2% from $232M in FY2024, per its annual report filed with the SEC.
Is United States Oil Fund, LP profitable?
Not in FY2025 — USO reported a net loss of $64.7M, per SEC filings.
Does USO pay a dividend?
United States Oil Fund, LP reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full USO analysis — verdict, score & filings →Is USO a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.