UGA · CIK 0001396878
United States Gasoline Fund, LP
Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.
Commodity Contracts Brokers & Dealers
Company profile
Revenue
−$3.1M
▼ −146.4% vs FY2024
Net income
−$3.9M
▼ −169.6% vs FY2024
Operating cash flow
−$1.8M
▼ −246.9% vs FY2024
Total assets
$77.5M
▼ −23.3% vs FY2024
Revenue
Annual, as reported
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersRevenue — Mar ’26 quarter
$58.5M
▲ +2436.8% vs Mar ’25
Net income — Mar ’26 quarter
$58.2M
▲ +2719.8% vs Mar ’25
Revenue — trailing 12 months
$53.1M
▲ +840.3% vs Mar ’25
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | $58.5M | 2436.8% | — | $58.2M | 99.6% | — |
| Dec ’25 | −$5.0M | −166.5% | — | −$5.2M | 104.1% | — |
| Sep ’25 | $5.1M | 138.1% | — | $4.9M | 95.9% | — |
| Jun ’25 | −$5.5M | −56.7% | — | −$5.7M | 103.2% | — |
| Mar ’25 | $2.3M | −85.7% | — | $2.1M | 89.6% | — |
| Dec ’24 | $7.5M | 191.3% | — | $7.2M | 96.1% | — |
| Sep ’24 | −$13.5M | −345.0% | — | −$13.7M | 102.1% | — |
| Jun ’24 | −$3.5M | −281.8% | — | −$3.8M | 106.7% | — |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Returns on capital
Net income vs year-end equity and assets
Cash flow
cash generationOperating cash flow
Net cash from operations
Key ratios
derived per fiscal year| Fiscal year | Net margin | ROA |
|---|---|---|
| FY2025 | — | −5.1% |
| FY2024 | 84.6% | 5.6% |
| FY2023 | 38.0% | 0.6% |
| FY2022 | 96.3% | 31.4% |
| FY2021 | 98.2% | 60.0% |
| FY2020 | 98.7% | 52.1% |
| FY2019 | 98.0% | 44.9% |
| FY2018 | — | −35.8% |
| FY2017 | 34.1% | 0.5% |
| FY2016 | 90.3% | 7.2% |
| FY2015 | — | −12.0% |
| FY2014 | — | −66.4% |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | −$3.1M | — | — | −$3.9M | — | −$1.8M | — | $77.5M | $246K | — | $67.1M | — |
| FY2024 | $6.7M | — | — | $5.6M | — | $1.2M | — | $101.0M | $269K | — | $75.9M | — |
| FY2023 | $1.4M | — | — | $539K | — | $13.6M | — | $85.2M | $268K | — | $45.8M | — |
| FY2022 | $28.4M | — | — | $27.4M | — | $19.3M | — | $87.0M | $409K | — | $30.6M | — |
| FY2021 | $49.1M | — | — | $48.3M | — | $46.5M | — | $80.5M | $8.7M | — | $50.1M | — |
| FY2020 | $43.0M | — | — | $42.5M | — | $40.3M | — | $81.5M | $1.4M | — | $72.6M | — |
| FY2019 | $13.6M | — | — | $13.4M | — | $11.5M | — | $29.8M | $682K | — | $26.7M | — |
| FY2018 | −$11.1M | — | — | −$11.5M | — | −$6.2M | — | $32.1M | $224K | — | $27.5M | — |
| FY2017 | $685K | — | — | $234K | — | $1.5M | — | $48.8M | $712K | — | $41.2M | — |
| FY2016 | $5.7M | — | — | $5.1M | — | $1.7M | — | $70.8M | $197K | — | $64.2M | — |
| FY2015 | −$8.6M | — | — | −$9.2M | — | −$17.5M | — | $76.4M | $173K | — | $64.4M | — |
| FY2014 | −$26.7M | — | — | −$27.1M | — | −$25.8M | — | $40.8M | $151K | — | $35.6M | — |
Latest filings
the most recent regulatory filings8-KCurrent report — material event2026-06-29 ↗8-KCurrent report — material event2026-05-28 ↗POS EXSEC filing2026-05-14 ↗10-QQuarterly report2026-05-08 ↗8-KCurrent report — material event2026-04-29 ↗424B3Prospectus2026-04-24 ↗424ISEC filing2026-03-30 ↗8-KCurrent report — material event2026-03-27 ↗8-KCurrent report — material event2026-03-27 ↗8-KCurrent report — material event2026-03-20 ↗
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