Filing Flows › Mammoth Energy Services (TUSK) › Q1 2026
Mammoth Energy Services (TUSK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Mammoth Energy Services (TUSK) reported revenue of $22.0M for the first quarter 2026 (Q1 2026), +89% from a year earlier. Operating margin was -3.9%, net earnings $5.2M (23.5% of revenue).
Mammoth Energy Services, Q1 2026: revenue $22.0M (+89% year over year), operating margin -3.9%, net earnings $5.2M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.0M | — | +89% |
| Operating profit | −$869K | — | -271% |
| Net earnings | $5.2M | — | — |
| Operating cash flow | −$3.0M | -515% | -212% |
What changed
Revenue was $22.0M in Q1 2026, up 89% year over year. Rentals was the largest line at 59% of revenue. Rentals added $11.0M year over year (up 575%), 106% of the total change. Infrastructure declined 62%.
Operating costs exceeded revenue by $869K, an operating margin of -3.9%. Total costs grew 79% against revenue growth of 89%. The fastest-growing cost line was Other operating costs (+122%). Net earnings were $5.2M. The effective tax rate was 21.9%. Non-operating items added $7.5M, 113% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.0M. Non-cash charges added back $3.4M of depreciation and amortization. Working capital and other items used $11.7M. Capital expenditures of $11.7M exceeded it, leaving free cash flow of −$14.7M.
Questions
What was Mammoth Energy Services' revenue in the first quarter 2026?
Mammoth Energy Services (TUSK) reported revenue of $22.0M for the first quarter 2026 (Q1 2026), +89% from a year earlier.
Was Mammoth Energy Services profitable in the first quarter 2026?
Operating loss was $869K (-3.9% of revenue) and net earnings $5.2M.