MAMMOTH ENERGY SERVICES, INC.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
TUSK$3.27+6.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUE · (in thousands, except per share amounts) | ||||
| Services revenue | $10,458 | $11,234 | $19,234 | $22,206 |
| Services revenue - related parties | 575 | 66 | 652 | 133 |
| Product revenue | 5,376 | 4,720 | 12,115 | 9,027 |
| Total revenue | 16,409 | 16,020 | 32,001 | 31,366 |
| COST, EXPENSES AND GAINS | ||||
| Services cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $1,419, $2,634, $1,637 and $3,777 for the three and six months ended June 30, 2025 and 2024, respectively) | 8,686 | 9,622 | 16,113 | 18,841 |
| Services cost of revenue - related parties | 96 | 118 | 192 | 236 |
| Product cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $1,413, $2,289, $1,271 and $2,417 for the three and six months ended June 30, 2025 and 2024, respectively) | 5,263 | 4,590 | 10,738 | 10,320 |
| Selling, general and administrative | 5,339 | 95,281 | 9,833 | 102,051 |
| Depreciation, depletion, amortization and accretion | 2,832 | 2,908 | 4,923 | 6,194 |
| Gains on disposal of assets, net | (1,077) | (512) | (4,549) | (1,446) |
| Impairment of long-lived assets | 31,669 | — | 31,669 | — |
| Total cost, expenses and gains, net | 52,808 | 112,007 | 68,919 | 136,196 |
| Operating loss | (36,399) | (95,987) | (36,918) | (104,830) |
| OTHER INCOME (EXPENSE) | ||||
| Interest income (expense and financing charges), net | 400 | 504 | 512 | (4,619) |
| Interest income (expense and financing charges), net - related parties | — | (1,529) | — | (3,028) |
| Other (expense) income, net | (628) | (73,668) | (961) | (63,516) |
| Total other (expense) income, net | (228) | (74,693) | (449) | (71,163) |
| Loss from continuing operations before income taxes | (36,627) | (170,680) | (37,367) | (175,993) |
| Benefit for income taxes | (934) | (15,055) | (97) | (13,270) |
| Net loss from continuing operations | (35,693) | (155,625) | (37,270) | (162,723) |
| Net income (loss) from discontinued operations, net of income taxes | 44,541 | (368) | 45,581 | (5,081) |
| Net income (loss) | $8,848 | $(155,993) | $8,311 | $(167,804) |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||
| Foreign currency translation adjustment | $478 | $(114) | $497 | $(358) |
| Other comprehensive income (loss) | 478 | (114) | 497 | (358) |
| Comprehensive income (loss) | $9,326 | $(156,107) | $8,808 | $(168,162) |
| Net loss per share from continuing operations, basic and diluted (Note 14) | $(0.74) | $(3.24) | $(0.77) | $(3.39) |
| Net income (loss) per share from discontinued operations, basic and diluted (Note 14) | 0.92 | (0.01) | 0.95 | (0.11) |
| Net income (loss) per share, basic and diluted (Note 14) | $0.18 | $(3.25) | $0.18 | $(3.50) |
| Weighted average number of shares outstanding, basic and diluted (Note 14) | 48,225 | 48,040 | 48,188 | 48,002 |
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