PEDEVCO Corp. (PED) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PED Revenue Growth
Revenue Breakdown (FY 2024)
PED's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
PED Revenue Analysis (2013–2024)
As of May 8, 2026, PEDEVCO Corp. (PED) generated trailing twelve-month (TTM) revenue of $33.2 million, reflecting significant decline in growth of -23.1% year-over-year. The most recent quarter (Q3 2025) recorded $7.0 million in revenue, down 0.2% sequentially.
Looking at the longer-term picture, PED's 5-year compound annual growth rate (CAGR) stands at +25.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $39.6 million in 2024, representing a new all-time high.
Revenue diversification analysis shows PED's business is primarily driven by Oil Sales (92%), Natural Gas Liquids Sales (5%), and Natural Gas Sales (3%). With over half of revenue concentrated in Oil Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including TPVG, CIVI (-6.6% YoY), and REI (-35.0% YoY), PED has underperformed the peer group in terms of revenue growth. Compare PED vs TPVG →
PED Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PEDCurrent | $33M | -23.1% | +25.0% | 11.9% | |
 TPVG | $97M | - | - | 77.9% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% | |
 REI | $307M | -35.0% | +22.1% | 24.2% | |
 BATL | $165M | -14.9% | +2.2% | -4.0% | |
 FORR | $397M | -8.2% | -2.4% | 0.5% |
PED Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $39.6M | +28.5% | $11.2M | 28.3% | $4.7M | 11.9% |
| 2023 | $30.8M | +2.5% | $10.1M | 32.7% | $-198,000 | -0.6% |
| 2022 | $30.0M | +89.4% | $8.5M | 28.2% | $2.6M | 8.8% |
| 2021 | $15.9M | +96.8% | $2.5M | 16.0% | $-1,867,000 | -11.8% |
| 2020 | $8.1M | -37.9% | $-7,719,000 | -95.8% | $-33,822,000 | -419.7% |
| 2019 | $13.0M | +186.8% | $-4,876,000 | -37.6% | $-10,227,000 | -78.8% |
| 2018 | $4.5M | +50.0% | $-4,817,000 | -106.5% | $-9,004,000 | -199.1% |
| 2017 | $3.0M | -24.0% | $-2,087,000 | -69.2% | $-23,572,000 | -781.8% |
| 2016 | $4.0M | -25.5% | $-2,799,000 | -70.5% | $-5,660,000 | -142.6% |
| 2015 | $5.3M | +10.7% | $-1,649,000 | -31.0% | $-9,648,000 | -181.1% |
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Start ComparisonPED — Frequently Asked Questions
Quick answers to the most common questions about buying PED stock.
Is PED's revenue growth accelerating or slowing?
PED revenue declined -23.1% year-over-year, contrasting with the 5-year CAGR of +25.0%. TTM revenue fell to $33M. This reverses the prior growth trend.
What is PED's long-term revenue growth rate?
PEDEVCO Corp.'s 5-year revenue CAGR of +25.0% reflects the variable expansion pattern. Current YoY growth of -23.1% is below this long-term average.
How is PED's revenue distributed by segment?
PED reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.