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How Mammoth Energy Services (TUSK) makes money

Mammoth Energy Services (TUSK) made $21.3M of revenue in the third quarter 2026 (Q3 2026), +97% from a year earlier. Rentals brought in $9.6M (45%); Sand brought in $5.2M (24%); Accommodations brought in $3.4M (16%).

Drawing the Sankey…

Mammoth Energy Services revenue by segment, Q3 2026Mammoth Energy Services revenue by segment, Q3 2026Rentals$9.6MSand$5.2MAccommodations$3.4MDrilling$2.1MInfrastructure$1.1M
Mammoth Energy Services: revenue by line, Q3 2025 to Q3 2026Mammoth Energy Services: revenue by line, Q3 2025 to Q3 2026RentalsSandAccommodationsDrillingInfrastructureRentals: $9.6M latest$9.6MSand: $5.2M latest$5.2MAccommodations: $3.4M latest$3.4MDrilling: $2.1M latest$2.1MInfrastructure: $1.1M latestQ3 2025Q1 2026Q2 2026Q3 2026
Infrastructure went from 32% of revenue in Q3 2025 to 5% in Q3 2026, the largest shift in the mix.
Mammoth Energy Services revenue by quarterMammoth Energy Services revenue by quarter$62.5MQ1 2025$16.4MQ2 2025$14.8MQ3 2025$22.0MQ1 2026$26.1MQ2 2026$21.3MQ3 2026
Mammoth Energy Services: where each dollar of revenue goesMammoth Energy Services: where each dollar of revenue goesIncome tax1¢Operating cash flow0¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Rentals$9.6M45.1%-5%+250%
Sand$5.2M24.1%-35%+89%
Accommodations$3.4M15.9%+6%+49%
Drilling$2.1M9.6%-46%-10%
Infrastructure$1.1M5.2%+19%+38%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$21.3M100.0%
Income tax$136K0.6%
Operating cash flow$91K0.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$21.3M+97%
Q2 2026$26.1M+111%
Q1 2026$22.0M+89%
Q3 2025$14.8M-13%
Q2 2025$16.4M+2%
Q1 2025$62.5M+45%

From Mammoth Energy Services' 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Mammoth Energy Services make money?

Mammoth Energy Services (TUSK) made $21.3M of revenue in the third quarter 2026 (Q3 2026), +97% from a year earlier. Rentals brought in $9.6M (45%); Sand brought in $5.2M (24%); Accommodations brought in $3.4M (16%).

What is Mammoth Energy Services' biggest business?

Rentals: $9.6M in the third quarter 2026, 45% of revenue, +250% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.