Indonesia Energy Corporation Limited (INDO) Revenue History
Annual and quarterly revenue from 2016 to present
INDO Revenue Over Time (2016–2024)
INDO Revenue Growth History
4 of 8 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +51.4%
- FY2018 revenue growth
- +58.1%
- FY2019 revenue growth
- -28.6%
- FY2020 revenue growth
- -52.7%
- FY2021 revenue growth
- +23.8%
- FY2022 revenue growth
- +67.1%
- FY2023 revenue growth
- -14.0%
- FY2024 revenue growth
- -24.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $1.2M | +45.4% |
| Q2 2024 | $1.4M | +56.8% |
| Q4 2023 | $842K | -4.6% |
| Q2 2023 | $921K | -21.1% |
| Q4 2022 | $882K | +26.5% |
| Q2 2022 | $1.2M | +120.6% |
| Q4 2021 | $698K | +45.5% |
| Q2 2021 | $529K | +3.5% |
INDO Revenue Analysis (2016–2024)
Current Revenue & Growth
As of June 23, 2026, Indonesia Energy Corporation Limited (INDO) generated trailing twelve-month (TTM) revenue of $4.4 million, reflecting explosive growth of +45.4% year-over-year. The most recent quarter (Q4 2024) recorded $1.2 million in revenue, down 15.2% sequentially.
Historical Growth Trajectory
INDO's 5-year compound annual growth rate (CAGR) stands at -8.6%, indicating revenue contraction over this period. The 3-year CAGR of +2.8% exceeds the 5-year average, indicating an acceleration in the most recent period. Indonesia Energy Corporation Limited's highest annual revenue of $5.9 million was recorded in 2018.
Peer Comparison
Compared to Energy sector peers — including HUSA (-40.8% YoY), IMPP (+37.8% YoY), and GURE (-15.3% YoY) — INDO has outperformed the peer group in revenue growth. Compare INDO vs HUSA →
INDO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INDOCurrent | $4M | +45.4% | -8.6% | -222.4% | |
 HUSA | $560,180 | -40.8% | -10.9% | -1649.6% | |
 IMPP | $161M | +37.8% | +51.3% | 24.8% | |
 GURE | $8M | -15.3% | -6.3% | -277.8% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% |
INDO Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | -24.3% | $-762,637 | -28.6% | $-5,932,740 | -222.4% |
| 2023 | $3.5M | -14.0% | $-127,632 | -3.6% | $-3,495,661 | -99.2% |
| 2022 | $4.1M | +67.1% | $4K | 0.1% | $-4,598,230 | -112.2% |
| 2021 | $2.5M | +23.8% | $-850,791 | -34.7% | $-6,101,409 | -248.8% |
| 2020 | $2.0M | -52.7% | $-735,934 | -37.2% | $-7,269,576 | -367.0% |
| 2019 | $4.2M | -28.6% | $832K | 19.9% | $-1,601,651 | -38.3% |
| 2018 | $5.9M | +58.1% | $2.2M | 36.9% | $143K | 2.4% |
| 2017 | $3.7M | +51.4% | $-294,397 | -7.9% | $-1,552,466 | -41.9% |
| 2016 | $2.4M | - | $-1,810,890 | -74.0% | $-2,680,900 | -109.6% |
Intrinsic Valuation
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Historical Returns
10+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
INDO — Frequently Asked Questions
Quick answers to the most common questions about buying INDO stock.
Is INDO's revenue growth accelerating or slowing?
INDO revenue growth is accelerating. TTM revenue reached $4M, up +45.4% year-over-year — ahead of the 5-year CAGR of -8.6%. This indicates the business is expanding faster than its historical baseline.
What is INDO's revenue history from 2016 to 2026?
Indonesia Energy Corporation Limited (INDO) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $4M, growing at +45.4% YoY. The 5-year CAGR is -8.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is INDO's long-term revenue growth rate (CAGR)?
Indonesia Energy Corporation Limited's 5-year revenue CAGR of -8.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +45.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for INDO.
Why does INDO's quarterly revenue fluctuate?
INDO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Indonesia Energy Corporation Limited's revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is INDO's revenue distributed by segment?
INDO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does INDO's revenue compare to industry peers?
Indonesia Energy Corporation Limited (INDO) with TTM revenue of $4M and +45.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.