MAMMOTH ENERGY SERVICES, INC.
For the period ended Sep 30, 2025. Filed Nov 3, 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.
Sep 30, 2025 · Filed Nov 3, 2025
TUSK$3.27+6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUE · (in thousands, except per share amounts) | ||||
| Services revenue | $11,557 | $11,106 | $30,791 | $33,311 |
| Services revenue - related parties | 516 | 1,037 | 1,168 | 1,171 |
| Product revenue | 2,728 | 4,909 | 14,843 | 13,936 |
| Total revenue | 14,801 | 17,052 | 46,802 | 48,418 |
| COST, EXPENSES AND GAINS | ||||
| Services cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $1,493, $4,127, $1,468 and $5,245 for the three and nine months ended September 30, 2025 and 2024, respectively) | 9,776 | 10,151 | 25,889 | 28,991 |
| Services cost of revenue - related parties | 96 | 118 | 288 | 355 |
| Product cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $1,263, $3,552, $1,688 and $4,105 for the three and nine months ended September 30, 2025 and 2024, respectively) | 4,148 | 3,164 | 14,886 | 13,484 |
| Selling, general and administrative | 5,160 | 6,780 | 14,992 | 108,831 |
| Depreciation, depletion, amortization and accretion | 2,756 | 3,156 | 7,679 | 9,350 |
| Losses (gains) on disposal of assets, net | 1,874 | (192) | (2,675) | (1,637) |
| Impairment of long-lived assets | — | — | 31,669 | — |
| Total cost, expenses and gains, net | 23,810 | 23,177 | 92,728 | 159,374 |
| Operating loss | (9,009) | (6,125) | (45,926) | (110,956) |
| OTHER INCOME (EXPENSE) | ||||
| Interest income (expense and financing charges), net | 922 | 577 | 1,434 | (4,042) |
| Interest income (expense and financing charges), net - related parties | — | (1,642) | — | (4,670) |
| Other (expense) income, net | (1,831) | (1,108) | (2,791) | (64,624) |
| Total other (expense) income, net | (909) | (2,173) | (1,357) | (73,336) |
| Loss from continuing operations before income taxes | (9,918) | (8,298) | (47,283) | (184,292) |
| Provision (benefit) for income taxes | 2,140 | 567 | 2,044 | (12,704) |
| Net loss from continuing operations | (12,058) | (8,865) | (49,327) | (171,588) |
| Net (loss) income from discontinued operations, net of income taxes | (557) | (15,177) | 45,023 | (20,258) |
| Net loss | $(12,615) | $(24,042) | $(4,304) | $(191,846) |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||
| Foreign currency translation adjustment | $(180) | $125 | $317 | $(233) |
| Other comprehensive (loss) income | (180) | 125 | 317 | (233) |
| Comprehensive loss | $(12,795) | $(23,917) | $(3,987) | $(192,079) |
| Net loss per share from continuing operations, basic and diluted (Note 14) | $(0.25) | $(0.18) | $(1.02) | $(3.57) |
| Net (loss) income per share from discontinued operations, basic and diluted (Note 14) | (0.01) | (0.32) | 0.93 | (0.42) |
| Net loss per share, basic and diluted (Note 14) | $(0.26) | $(0.50) | $(0.09) | $(3.99) |
| Weighted average number of shares outstanding, basic and diluted (Note 14) | 48,358 | 48,127 | 48,245 | 48,044 |
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