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Mammoth Energy Services (TUSK) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 7, 2025

Mammoth Energy Services (TUSK) reported revenue of $62.5M for the first quarter 2025 (Q1 2025), +45% from a year earlier and +17% from the quarter before. Operating margin was 0.8%, net loss $537K (0.9% of revenue).

Revenue$62.5M
Year over year+45%
Quarter over quarter+17%
Operating margin0.8%
Net earnings−$537K

Mammoth Energy Services, Q1 2025: revenue $62.5M (+45% year over year), operating margin 0.8%, net loss $537K, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$62.5M+17%+45%
Operating profit$509K——
Net earnings−$537K——
Operating cash flow$2.7M-98%-94%

What changed

Revenue was $62.5M in Q1 2025, up 45% year over year and up 17% from the previous quarter.

Operating profit was $509K, a 0.8% margin (up 28.7 points year over year). Total costs grew 12% against revenue growth of 45%. The fastest-growing cost line was Other operating costs (+846%). The quarter ended with a net loss of $537K, narrower than the previous quarter's $15.5M loss.

Operating cash flow was $2.7M (down 94% year over year). Non-cash charges added back $6.0M of depreciation and amortization and $211K of share-based compensation. Working capital and other items used $3.0M. Capital expenditures of $7.2M exceeded it, leaving free cash flow of −$4.5M.

Questions

What was Mammoth Energy Services' revenue in the first quarter 2025?

Mammoth Energy Services (TUSK) reported revenue of $62.5M for the first quarter 2025 (Q1 2025), +45% from a year earlier and +17% from the quarter before.

Was Mammoth Energy Services profitable in the first quarter 2025?

Operating profit was $509K (0.8% of revenue) and net loss $537K.

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Source: Mammoth Energy Services 10-Q on SEC EDGAR.