Atlas Energy Solutions (AESI) FY2025 results: revenue $1.1 billion, up 3.7% on the year
Atlas Energy Solutions Inc. (AESI) reported revenue of $1.1 billion for fiscal 2025, the year ended 31 December 2025, up 3.7% on the year before. Net income was -$50 million, and diluted earnings per share $-0.41. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2026.
Revenue
$1.1 billion
+3.7% on the year
FY2021FY2025
Operating margin
-1.0%
10.8% a year earlier
FY2021FY2025
Net income
-$50 million
FY2021FY2025
Diluted EPS
-$0.41
FY2021FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
117
256
299
-54.2%
Capital expenditure
148
374
365
-60.4%
Free cash flow
-30.9
-118
-66.5
Free cash flow margin
-2.8%
-11.1%
-10.8%
Cash from investing
-345
-513
-365
Cash from financing
196
118
195
+66.8%
Depreciation and amortisation
160
98.7
39.8
+62.2%
Share-based compensation
33.2
22.4
7.4
+48.5%
Buybacks
0.2
0.0
0.0
Dividend per share
$0.75
$0.90
n/a
-16.7%
Diluted shares, weighted
122m
109m
71m
+12.1%
Shares outstanding at period end
124m
110m
100m
+12.6%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
1,209
1,037
868
+16.6%
Redeemable equity
0.0
0.0
0.0
Debt
604
521
180
+16.0%
Operating lease liabilities
11.1
7.5
3.5
+49.4%
Finance lease liabilities
25.0
2.5
0.3
+905.6%
Other liabilities
379
405
210
-6.4%
Total liabilities and equity
2,228
1,973
1,262
+13.0%
Fixed assets
1,541
1,486
935
+3.7%
Goodwill
153
69.0
0.0
+121.6%
Intangible assets
182
106
1.8
+72.1%
Cash and equivalents
40.6
71.7
210
-43.3%
Receivables
181
166
71.2
+8.9%
Inventory
13.6
17.3
6.4
-21.3%
Other assets
118
56.6
37.5
+107.7%
Total assets
2,228
1,973
1,262
+13.0%
10-K for the year ended 31 December 2025, filed 24 February 2026: the filing.