Atlas Energy Solutions (AESI) financial statements
Atlas Energy Solutions reported revenue of $1.1B in fiscal 2025, up 58.8% a year over 4 years.
Net income was -$50M and the operating margin -1.0%, against 27.3% in 2021.
Free cash flow was -$31M, and the company returned $200,000 in net buybacks.
The diluted share count rose 72% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Atlas Energy Solutions's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $172M | $483M | $614M | $1.1B | $1.1B |
| Cost of revenue | $85M | $199M | $260M | $725M | $784M |
| Gross profit | $64M | $256M | $314M | $232M | $151M |
| Selling, general and admin | $17M | $24M | $49M | $106M | $139M |
| Operating income | $47M | $232M | $265M | $114M | -$11M |
| Interest expense | $42M | $16M | $8M | — | — |
| Pre-tax income | $5M | $219M | $258M | $76M | -$68M |
| Income tax | $831,000 | $2M | $31M | $16M | -$18M |
| Net income | $4M | $217M | $105M | $60M | -$50M |
| EPS (diluted) | — | — | $1.48 | $0.55 | -$0.41 |
| Diluted shares | — | — | 71M | 109M | 122M |
| Gross margin | 37.2% | 53.1% | 51.1% | 22.0% | 13.8% |
| Operating margin | 27.3% | 48.1% | 43.2% | 10.8% | -1.0% |
| Net margin | 2.5% | 45.0% | 17.2% | 5.7% | -4.6% |
Balance sheet
Fiscal years, from Atlas Energy Solutions's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Receivables | — | $73M | $71M | $166M | $181M |
| Inventory | — | $6M | $6M | $17M | $14M |
| Total current assets | — | $179M | $319M | $289M | $308M |
| Property, plant and equipment | — | $542M | $935M | $1.5B | $1.5B |
| Goodwill | — | — | $0 | $69M | $153M |
| Total assets | — | $751M | $1.3B | $2.0B | $2.2B |
| Total current liabilities | — | $89M | $93M | $243M | $211M |
| Long-term debt | — | $127M | $173M | $467M | $538M |
| Total liabilities | — | $240M | $394M | $936M | $1.0B |
| Shareholders' equity | $339M | $511M | $868M | $1.0B | $1.2B |
Cash flow
Fiscal years, from Atlas Energy Solutions's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $21M | $206M | $299M | $256M | $117M |
| Capital spending | $19M | $90M | $365M | $374M | $148M |
| Free cash flow | $2M | $116M | -$66M | -$118M | -$31M |
| Stock-based compensation | $129,000 | $678,000 | $7M | $22M | $33M |
| Share buybacks (net) | — | — | $0 | $0 | -$200,000 |
| Net borrowing | -$173M | -$29M | -$17M | — | — |
| Free cash flow margin | 1.2% | 24.1% | -10.8% | -11.1% | -2.8% |
Questions
What was Atlas Energy Solutions's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Atlas Energy Solutions generate?
-$31M in fiscal 2025 (operating cash flow minus capital spending).
From Atlas Energy Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.