Indonesia Energy Corporation Limited (INDO) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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INDO Revenue Growth
INDO Revenue Analysis (2016–2024)
As of May 8, 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.
Looking at the longer-term picture, INDO's 5-year compound annual growth rate (CAGR) stands at -8.6%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $5.9 million in 2018.
When compared to Energy sector peers including HUSA (-40.8% YoY), IMPP (-10.0% YoY), and GURE (-15.3% YoY), INDO has outperformed the peer group in terms of 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 | $147M | -10.0% | +61.7% | 29.9% | |
 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% |
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Start ComparisonINDO — Frequently Asked Questions
Quick answers to the most common questions about buying INDO stock.
Is INDO's revenue growth accelerating or slowing?
INDO revenue is accelerating at +45.4% year-over-year, exceeding the 5-year CAGR of -8.6%. TTM revenue reached $4M. Growth momentum has increased versus prior periods.
What is INDO's long-term revenue growth rate?
Indonesia Energy Corporation Limited's 5-year revenue CAGR of -8.6% reflects the sustained expansion pattern. Current YoY growth of +45.4% is above this long-term average.
How is INDO's revenue distributed by segment?
INDO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.