Filing Flows › Solaris Energy Infrastructure (SEI) › Q2 2025
Solaris Energy Infrastructure (SEI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Solaris Energy Infrastructure (SEI) reported revenue of $149M for the second quarter 2025 (Q2 2025), +102% from a year earlier and +18% from the quarter before. Operating margin was 23.8%, net earnings $12.0M (8.0% of revenue).
Solaris Energy Infrastructure, Q2 2025: revenue $149M (+102% year over year), operating margin 23.8%, net earnings $12.0M, operating cash flow $24.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | +18% | +102% |
| Operating profit | $35.6M | +61% | +200% |
| Net earnings | $12.0M | +125% | +93% |
| Operating cash flow | $24.2M | -6% | +28% |
What changed
Revenue was $149.3M in Q2 2025, up 102% year over year and up 18% from the previous quarter. Solaris Power Solutions was the largest line at 51% of revenue.
Operating profit was $35.6M, a 23.8% margin (up 7.8 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 16% margin then. Total costs grew 83% against revenue growth of 102%. The fastest-growing cost line was Other operating costs (+1194%). Net earnings were $12.0M, up 93% year over year. The effective tax rate was 19.8%.
Operating cash flow was $24.2M (up 28% year over year), 100% of net income including minority interests. Non-cash charges added back $18.4M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $23.5M. Capital expenditures of $185.1M exceeded it, leaving free cash flow of −$160.9M.
Questions
What was Solaris Energy Infrastructure's revenue in the second quarter 2025?
Solaris Energy Infrastructure (SEI) reported revenue of $149M for the second quarter 2025 (Q2 2025), +102% from a year earlier and +18% from the quarter before.
Was Solaris Energy Infrastructure profitable in the second quarter 2025?
Operating profit was $35.6M (23.8% of revenue) and net earnings $12.0M.