Filing Flows › Mammoth Energy Services (TUSK) › Q3 2025
Mammoth Energy Services (TUSK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Mammoth Energy Services (TUSK) reported revenue of $14.8M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -10% from the quarter before. Operating margin was -63.6%, net loss $12.6M (85.2% of revenue).
Mammoth Energy Services, Q3 2025: revenue $14.8M (-13% year over year), operating margin -63.6%, net loss $12.6M, operating cash flow $730K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8M | -10% | -13% |
| Operating profit | −$9.4M | — | — |
| Net earnings | −$12.6M | -243% | — |
| Operating cash flow | $730K | — | — |
What changed
Revenue was $14.8M in Q3 2025, down 13% year over year and down 10% from the previous quarter. Infrastructure was the largest line at 32% of revenue. Sand lost $2.2M year over year (down 44%), 97% of the total change.
Operating costs exceeded revenue by $9.4M, an operating margin of -63.6%. Total costs grew 4% against a revenue fall of 13%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $12.6M, after a profit of $8.8M the previous quarter.
Operating cash flow was $730K. Non-cash charges added back $1.9M of depreciation and amortization. Working capital and other items added $11.4M. Capital expenditures of $17.3M exceeded it, leaving free cash flow of −$16.6M.
Questions
What was Mammoth Energy Services' revenue in the third quarter 2025?
Mammoth Energy Services (TUSK) reported revenue of $14.8M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -10% from the quarter before.
Was Mammoth Energy Services profitable in the third quarter 2025?
Operating loss was $9.4M (-63.6% of revenue) and net loss $12.6M.