UGA Financials United States Gasoline Fund, LP
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | -$3M | -$4M | 0.0% | 0.0% | — | — | $67M |
| 2024 | $7M | $6M | 0.0% | 0.0% | — | — | $76M |
| 2023 | $1M | $539056 | 0.0% | 0.0% | — | — | $46M |
| 2022 | $28M | $27M | 0.0% | 0.0% | — | — | $31M |
| 2021 | $49M | $48M | 0.0% | 0.0% | — | — | $50M |
| 2020 | $43M | $43M | 0.0% | 0.0% | — | — | $73M |
| 2019 | $14M | $13M | 0.0% | 0.0% | — | — | $27M |
| 2018 | -$11M | -$11M | 0.0% | 0.0% | — | — | $27M |
| 2017 | $685269 | $233646 | 0.0% | 0.0% | — | — | $41M |
| 2016 | $6M | $5M | 0.0% | 0.0% | — | — | $64M |
| 2015 | -$9M | -$9M | 0.0% | 0.0% | — | — | $64M |
| 2014 | -$27M | -$27M | 0.0% | 0.0% | — | — | $36M |
| 2013 | $4M | $3M | 0.0% | 0.0% | — | — | $52M |
| 2012 | $15M | $14M | 0.0% | 0.0% | — | — | $56M |
| 2011 | $15M | $14M | 0.0% | 0.0% | — | — | $68M |
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $58M | $58M | 0.0% | 0.0% | — | — | $121M |
| Dec '25 | -$5M | -$5M | 0.0% | 0.0% | — | — | $67M |
| Sep '25 | $5M | $5M | 0.0% | 0.0% | — | — | $60M |
| Jun '25 | -$6M | -$6M | 0.0% | 0.0% | — | — | $59M |
| Mar '25 | $2M | $2M | 0.0% | 0.0% | — | — | $65M |
| Dec '24 | $8M | $7M | 0.0% | 0.0% | — | — | $76M |
| Sep '24 | -$13M | -$14M | 0.0% | 0.0% | — | — | $75M |
| Jun '24 | -$4M | -$4M | 0.0% | 0.0% | — | — | $80M |
| Mar '24 | $16M | $16M | 0.0% | 0.0% | — | — | $89M |
| Dec '23 | -$8M | -$8M | 0.0% | 0.0% | — | — | $46M |
| Sep '23 | $5M | $5M | 0.0% | 0.0% | — | — | $40M |
| Jun '23 | $2M | $2M | 0.0% | 0.0% | — | — | $22M |
| Mar '23 | $2M | $2M | 0.0% | 0.0% | — | — | $17M |
| Dec '22 | $10M | $9M | 0.0% | 0.0% | — | — | $31M |
| Sep '22 | -$27M | -$27M | 0.0% | 0.0% | — | — | $31M |
| Jun '22 | $20M | $20M | 0.0% | 0.0% | — | — | $84M |
| Mar '22 | $25M | $25M | 0.0% | 0.0% | — | — | $80M |
| Dec '21 | $5M | $5M | 0.0% | 0.0% | — | — | $50M |
| Sep '21 | $5M | $5M | 0.0% | 0.0% | — | — | $42M |
| Jun '21 | $15M | $15M | 0.0% | 0.0% | — | — | $84M |
Valuation over time
How the market has priced UGA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 2.6× (Mar '23) to 13.7× (Nov '25).
- The price-to-sales ratio has risen from 2.5× (Mar '23) to 11.6× (Nov '25).
Frequently asked questions
Is UGA growing its revenue and profit?
See the revenue and net-income charts above for United States Gasoline Fund, LP's multi-year trend.
How much debt does UGA have?
As of FY2025, United States Gasoline Fund, LP reported — of total debt against $67M of cash.
What is UGA's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 126.9%.
What is UGA's P/E ratio?
As of Jun '26, United States Gasoline Fund, LP traded at a price-to-earnings ratio of about 13.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.