← Atlas Energy Solutions Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $340k | $2.9m | $2.7m | $2.3m | $82.0m | $210.2m | $71.7m | $40.6m | |
| Accounts receivable, net | $61k | $1.4m | $966k | $842k | $73.3m | $71.2m | $166.0m | $180.7m | |
| Accounts receivable - related parties | — | — | — | — | $1.1m | $0 | $0 | $72k | |
| Inventories | — | — | — | — | $5.6m | $6.4m | $17.3m | $13.6m | |
| Spare part inventories, net | — | — | — | — | — | $15.4m | $23.2m | $48.1m | |
| Prepaid expenses and other current assets | — | — | — | — | $5.9m | $15.5m | $11.2m | $24.4m | |
| Short-Term Investments | $3.9m | $3.8m | $341k | $550k | $0 | — | $0 | $343k | |
| Prepaid Expenses | $65k | $97k | $78k | — | — | — | — | — | |
| Total current assets | $4.4m | $8.4m | $4.1m | $3.9m | $178.7m | $318.7m | $289.4m | $307.5m | |
| Property, plant and equipment, net | $683k | $678k | $707k | $625k | $541.5m | $934.7m | $1.5b | $1.5b | |
| Property, Plant and Equipment | $683k | $678k | $707k | $625k | $541.5m | $934.7m | $1.5b | $1.5b | |
| Goodwill | — | — | — | — | — | $0 | $69.0m | $152.9m | |
| Intangible assets, net | — | — | — | — | — | $1.8m | $105.9m | $182.2m | |
| Operating lease right-of-use assets | $0 | $3.1m | $2.0m | $1.9m | $4.0m | $3.7m | $13.6m | $10.7m | |
| Finance lease right-of-use assets | — | — | — | — | $19.2m | $424k | $5.0m | $33.1m | |
| Other long-term assets | — | — | — | — | $7.5m | $4.2m | $3.5m | $1.2m | |
| Current portion of operating lease liabilities | $43k | $736k | $688k | $533k | $650k | $1.2m | $6.6m | $347k | |
| Current portion of finance lease liabilities | — | — | — | — | — | $158k | $2.8m | $6.4m | |
| Other current liabilities | $0 | $131k | $128k | $0 | $5.7m | $3.0m | $2.6m | $8.4m | |
| Operating lease liabilities | $43k | $2.7m | $1.9m | — | $596k | $3.5m | $7.5m | $11.1m | |
| Finance lease liabilities | — | — | — | — | — | $264k | $2.5m | $25.0m | |
| Asset retirement obligation | — | — | — | — | — | $2.7m | $7.0m | $6.9m | |
| Members' equity | — | — | — | — | $511.4m | $0 | — | — | |
| Contract assets (Note 4) | — | — | — | — | — | — | $0 | $1.3m | |
| Other Non-Current Assets | — | — | — | — | $247k | $250k | $261k | $249k | |
| Intellectual Property, Net | $19.7m | $18.0m | $16.3m | $14.9m | $13.2m | $11.5m | $9.8m | $8.1m | |
| Convertible debentures (Note 11) | — | — | — | — | $0 | $1.5m | $4.3m | $0 | |
| Retirement Related Liabilities, Non-Current | $27k | $21k | $23k | $22k | $25k | $27k | $25k | $23k | |
| Other Non-Operating Current Assets | $0 | $325k | $78k | $265k | $36k | — | — | — | |
| Other Non-Operating Non-Current Assets | $560k | $536k | $426k | $234k | $247k | — | — | — | |
| Long-term lease obligations (Note 12) | — | — | $1.4m | $1.4m | $596k | — | — | — | |
| Total Non Current Liabilities | $511k | $2.7m | $1.4m | $2.3m | $1.4m | $2.5m | $6.5m | $1.3m | |
| Total assets | $25.3m | $30.7m | $23.5m | $21.6m | $751.0m | $1.3b | $2.0b | $2.2b | |
| Total liabilities and stockholders' equity | $25.3m | $30.7m | $23.5m | $21.6m | $751.0m | $1.3b | $2.0b | $2.2b | |
| Accounts payable | $500k | $449k | $441k | $501k | $31.6m | $60.9m | $119.0m | $69.2m | |
| Accounts payable - related parties | — | — | — | — | $154k | $277k | $226k | $37k | |
| Accrued liabilities | — | — | — | — | $30.6m | $28.5m | $60.3m | $84.6m | |
| Current portion of long-term debt | — | — | $0 | $65k | $20.6m | $0 | $43.7m | $40.7m | |
| Current portion of deferred revenue | — | — | — | — | — | $0 | $7.8m | $1.4m | |
| Short-Term Debt | $43k | — | — | — | $0 | $1.8m | $0 | $497k | |
| Total current liabilities | $542k | $1.3m | $1.3m | $1.1m | $88.7m | $92.6m | $243.1m | $211.1m | |
| Long-term debt, net of discount and deferred financing costs | — | — | $0 | $935k | $126.6m | $172.8m | $467.0m | $538.2m | |
| Deferred tax liabilities | — | — | — | — | $1.9m | $121.5m | $206.9m | $221.6m | |
| Other long-term liabilities | $441k | $0 | — | — | $22.5m | $6.9m | $2.2m | $5.5m | |
| Total liabilities | $1.1m | $4.0m | $2.7m | $3.4m | $239.6m | $393.9m | $936.1m | $1.0b | |
| Preferred stock, $0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of December 31, 2025 and 2024. | — | — | — | — | 0 | 0 | 0 | 0 | |
| Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 124,111,436 shares and 110,217,322 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | 96.7m | 95.3m | 95.3m | 95.8m | 0 | 1.0m | 1.1m | 1.2m | |
| Additional paid-in-capital | $9.3m | $9.3m | $9.4m | $9.4m | $0 | $908.1m | $1.0b | $1.3b | |
| Accumulated deficit | ($82.4m) | ($77.9m) | ($83.9m) | ($87.0m) | $0 | ($41.3m) | $0 | ($50.3m) | |
| Accumulated Other Comprehensive Income | $711k | $711k | — | — | — | — | — | — | |
| Total stockholders' equity | $24.2m | $26.7m | $20.8m | $18.2m | $511.4m | $867.8m | $1.0b | $1.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.