AESI Atlas Energy Solutions Inc.

Overview and Growth

Atlas Energy Solutions Inc. generated $1.10B of revenue in fiscal 2025, with net loss of $50.30M and an operating cash inflow of $117.35M. The $1.10B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 3.7% above fiscal 2024 revenue of $1.06B, marking a year-over-year increase. The company reported diluted EPS of -$0.41, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS decreased by 174.5% from $0.55 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Total assets stood at $2.23B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.49x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $150.67M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 13.8% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $10.91M after the reported operating expense base. The operating loss equaled 1.0% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $50.30M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 4.6% after all recognized items. EBITDA was $149.24M, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. The pretax result was a loss of $68.18M, establishing the deficit before tax effects. Pretax margin was -6.2%, reflecting a pre-tax loss equal to 6.2% of revenue. The company recognized an income-tax benefit of $17.88M, increasing after-tax earnings relative to the pretax result. Relative to period-end equity, the net loss represented 4.2%. The loss-to-assets relationship was 2.3%, placing the bottom-line deficit against the company’s resource base. The company moved from fiscal 2024 net income of $59.94M to a current net loss of $50.30M.

Liquidity and Capital Structure

The company held $2.23B of assets against $1.02B of liabilities and $1.21B of equity, revealing how the asset base was financed. Current assets were $307.51M against $211.06M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 1.46x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Borrowings totaled $578.92M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.48x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 26.0% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 54.3% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 45.7%, placing reported obligations against the full positive asset balance. The asset base changed 13.0% from $1.97B in fiscal 2024, leaving current total assets higher year over year. Book equity was 16.6% higher than fiscal 2024 equity of $1.04B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $117.35M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The cash-flow statement records $148.27M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 126.4%, connecting investment intensity with the company’s cash-generation base. The company recorded a $30.93M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 2.8% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 1.4%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.