← Atlas Energy Solutions Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $12.0m | $137k | $172.4m | $482.7m | $614.0m | $1.1b | $1.1b | |
| Cost of sales (excluding depreciation, depletion and accretion expense) | — | — | $6.5m | $75k | $84.7m | $198.9m | $260.4m | $725.2m | $784.5m | |
| Gross profit (derived) | — | — | $5.4m | $62k | $64.1m | $256.3m | $313.8m | $232.0m | $150.7m | |
| Operating expenses | $8.7m | $7.3m | $8.0m | $6.2m | $6.2m | $6.7m | $7.4m | $8.0m | $12.0m | |
| Operating income (loss) | — | — | — | — | $47.0m | $232.0m | $265.1m | $113.9m | ($10.9m) | |
| Change in fair value of contingent consideration | — | — | — | — | — | — | $0 | $0 | ($3.4m) | |
| Loss on disposal of assets | — | — | — | — | — | $0 | $0 | $19.7m | $0 | |
| Insurance recovery (gain) | — | — | — | — | — | $0 | $0 | ($20.1m) | ($2.2m) | |
| Other income, net | — | — | — | — | $291k | $2.6m | $430k | $551k | $727k | |
| Income (loss) before income taxes | ($8.9m) | ($7.0m) | $3.8m | ($6.0m) | $5.1m | $218.9m | $257.9m | $75.8m | ($68.2m) | |
| SFD?-related revenue | $0 | $0 | $12.0m | $137k | $3.1m | $0 | $2.1m | $644k | $16.4m | |
| Amortization | $1.9m | $1.8m | $1.8m | $1.8m | $1.8m | $1.8m | $1.8m | $1.9m | $1.9m | |
| Foreign exchange loss (gain) | $70k | ($20k) | $178k | ($64k) | $9k | ($15k) | ($8k) | $574k | ($33k) | |
| Loss on remeasurement of convertible debentures (Note 11) | — | — | — | — | — | $0 | $0 | $297k | $5.4m | |
| Loss on disposal of assets, lease modifications and other | — | — | — | — | — | $29k | $16k | $146k | — | |
| Net loss and comprehensive loss | ($9.0m) | ($7.0m) | $3.8m | ($6.0m) | ($3.1m) | ($6.7m) | ($5.5m) | ($9.1m) | ($2.3m) | |
| Intellectual property and other | $91k | ($43k) | $57k | $10k | $21k | $29k | $16k | — | — | |
| Gain on extinguishment of liability (Note 25) | $0 | ($186k) | $0 | $0 | — | — | — | — | — | |
| Net income (loss) | — | — | — | — | $4.3m | $217.0m | $226.5m | $59.9m | ($50.3m) | |
| Less: Pre-IPO net income attributable to Atlas Sand Company, LLC | — | — | — | — | $4.3m | $217.0m | $54.6m | $59.9m | ($50.3m) | |
| Net income (loss) attributable to Atlas Energy Solutions, Inc. | — | ($7.0m) | $3.8m | ($6.0m) | $4.3m | $217.0m | $105.4m | $59.9m | ($50.3m) | |
| Net income (loss) per common share, Basic | ($0) | ($0) | $0 | ($0) | ($0) | ($0) | $2 | $1 | ($0) | |
| Net income (loss) per common share, Diluted | ($0) | ($0) | $0 | ($0) | ($0) | ($0) | $1 | $1 | ($0) | |
| Less: Net income attributable to redeemable noncontrolling interest | — | — | — | — | — | — | $66.5m | — | — | |
| Weighted average common shares outstanding, Basic | — | — | — | — | — | — | 70.5m | 108.2m | 122.4m | |
| Weighted average common shares outstanding, Diluted | — | — | — | — | — | — | 71.0m | 109.2m | 122.4m | |
| Depreciation, depletion and accretion expense | — | — | — | — | $23.7m | $27.5m | $39.8m | $98.7m | $160.1m | |
| Selling, general and administrative expense (including stock and unit-based compensation expense of $33,227, $22,381, and $7,409, respectively) | $5.0m | $4.4m | $3.5m | $3.3m | $17.1m | $24.3m | $48.6m | $106.2m | $138.8m | |
| Credit loss expense | — | — | — | — | — | — | $28k | $25k | $4.8m | |
| Amortization expense of acquired intangible assets | — | — | — | — | — | $0 | $0 | $12.3m | $23.5m | |
| Interest (expense), net | $4k | ($62k) | ($29k) | ($14k) | $38k | ($15.8m) | ($7.7m) | ($38.6m) | ($58.0m) | |
| Income tax expense (benefit) | $76k | $0 | $0 | $0 | $831k | $1.9m | $31.4m | $15.8m | ($17.9m) | |
| Other Expense | — | — | $2.7m | $1.1m | $1.2m | $1.2m | $2.2m | $2.0m | $5.8m | |
| Interest Expense | — | — | — | — | $38k | $36k | $160k | $751k | $517k | |
| Survey costs (Note 22) | $1.3m | $1.1m | $2.6m | $1.1m | — | — | — | — | — | |
| Non-Operating Income (Expense) | $91k | ($43k) | $57k | $10k | $21k | $29k | $16k | — | — | |
| Stock-Based Compensation Expense | $581k | $386k | $44k | — | — | — | — | — | — | |
| Current Income Tax Expense | $76k | $0 | $0 | — | — | — | — | — | — | |
| Total Other Expenses (income) | — | — | $206k | ($68k) | $68k | $50k | — | — | — | |
| Total other expense (income) | $166k | ($311k) | $269k | ($77k) | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.