← Solaris Energy Infrastructure, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $18.2m |
$67.4m
+271.18%
|
$197.2m
+192.60%
|
$241.7m
+22.56%
|
$103.0m
-57.39%
|
$159.2m
+54.59%
|
$300.0m
+88.46%
|
$292.9m
-2.35%
|
$313.1m
+6.88%
|
$622.2m
+98.73%
|
$762.2m
+22.50%
|
|
| Service revenue | $18.2m | $67.4m | $197.2m | $241.7m | $103.0m | $159.2m | $300.0m | $292.9m | $276.7m | $349.8m | — | |
| Leasing revenue | — | — | — | — | — | — | — | $0 | $36.4m | $272.4m | — | |
| Cost of leasing revenue, excluding depreciation | — | — | — | — | — | — | — | $0 | $8.0m | $121.2m | — | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $13.2m |
$36.9m
+179.22%
|
$91.5m
+148.35%
|
$115.2m
+25.82%
|
$70.9m
-38.46%
|
$115.5m
+62.89%
|
$219.8m
+90.35%
|
$177.8m
-19.08%
|
$224.7m
+26.32%
|
$425.2m
+89.25%
|
$491.8m
+15.68%
|
|
| Cost of services, excluding depreciation and amortization | — | — | — | — | — | — | — | $177.8m |
$177.0m
-0.49%
|
$215.6m
+21.85%
|
— | |
| Interest Income (Expense), Net | — | — | — | — | ($162k) |
($247k)
-52.47%
|
($489k)
-97.98%
|
($3.3m)
-576.28%
|
— | — | $8.5m | |
| Gross Profit | $5.0m |
$30.5m
+516.06%
|
$105.7m
+246.00%
|
$126.5m
+19.74%
|
$32.1m
-74.63%
|
$43.7m
+36.25%
|
$80.2m
+83.46%
|
$115.1m
+43.47%
|
$88.4m
-23.17%
|
$197.0m
+122.82%
|
$270.3m
+37.20%
|
|
| Research and Development Expense | $476k | $210k | $0 | $0 | $0 | — | — | — | — | — | — | |
| Selling, General and Administrative Expense | $2.1m | $5.1m | $6.4m | $18.6m | $16.5m | $19.3m | $23.1m | $27.0m | $35.6m | $61.7m | $82.4m | |
| Labor and Related Expense | $3.1m | $9.2m | $10.4m | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $1k | $46k | $801k | $779k | $779k | $779k | $774k | $726k | $3.2m | $12.2m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | — | $36.4m | $272.4m | — | |
| Other operating expenses, net | — | $4.1m | $1.8m | $585k | $5.8m | ($2.4m) | $1.8m | $639k | $2.5m | $4.1m | — | |
| Total operating costs and expenses | $15.3m | $41.9m | $97.9m | $133.8m | $162.9m | $159.6m | $278.2m | $243.0m | $260.3m | $486.8m | — | |
| Operating Income (Loss) | $2.9m |
$25.5m
+789.93%
|
$99.3m
+289.96%
|
$107.9m
+8.71%
|
($59.9m)
-155.50%
|
($387k)
+99.35%
|
$41.8m
+10902.07%
|
$49.9m
+19.37%
|
$52.8m
+5.84%
|
$135.4m
+156.34%
|
$184.8m
+36.52%
|
|
| Other Operating Income (Expense), Net | $2.9m | $25.5m | $99.3m | ($585k) | ($5.8m) | $2.4m | ($1.8m) | ($639k) | ($2.5m) | ($4.1m) | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $6.7m | — | |
| Interest income | — | — | — | — | — | — | — | $144k | $1.5m | $6.7m | $8.5m | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $2.5m | $0 | — | |
| Gain on sale of Kingfisher facility | — | — | — | — | — | — | — | $0 | ($7.5m) | $0 | — | |
| Other Nonoperating Income (Expense) | $8k | — | — | — | — | — | — | — | — | — | — | |
| Interest Expense (non-operating) | $23k | $97k | $374k | $634k | — | — | — | $3.5m | $13.3m | $27.6m | $30.4m | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | — | ($11.8m) | — | $8.5m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $2.8m | $48.4m | $98.9m | $107.3m | ($60.1m) | ($634k) | $41.3m | $46.6m | $36.9m | $73.1m | $103.6m | |
| Real Estate Tax Expense | — | — | — | — | — | — | $3.1m | — | — | — | — | |
| Provision for income taxes | $43k | $25.9m | ($13.0m) | ($16.9m) | ($9.0m) | ($626k) | ($7.8m) | ($7.8m) | ($8.0m) | ($14.7m) | — | |
| Current Income Tax Expense (Benefit) | $43k | $247k | $684k | $814k | $184k | $494k | $120k | $569k | $1.5m | ($1.4m) | $25.0m | |
| Less: net income related to non-controlling interests | — | ($15.2m) | ($43.5m) | ($38.4m) | $21.8m | $392k | ($12.4m) | ($14.4m) | ($13.1m) | ($28.2m) | — | |
| Net Income (Loss) Attributable to Parent | $2.8m |
$3.6m
+29.72%
|
$42.4m
+1066.97%
|
$52.0m
+22.57%
|
($29.3m)
-156.42%
|
($868k)
+97.04%
|
$21.2m
+2537.56%
|
$24.3m
+15.02%
|
$15.8m
-35.04%
|
$30.2m
+90.85%
|
$53.0m
+75.68%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $2.8m |
$3.4m
+20.87%
|
$41.2m
+1116.09%
|
$50.9m
+23.51%
|
($29.7m)
-158.28%
|
($1.2m)
+95.84%
|
$20.3m
+1747.28%
|
$23.2m
+14.06%
|
$14.8m
-36.12%
|
$28.9m
+95.27%
|
$53.0m
+83.40%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $15.2m | $43.5m | $38.4m | ($21.8m) | ($392k) | $12.4m | $14.4m | $13.1m | $28.2m | $53.0m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | $248k | $1.2m | $1.1m | $314k | $365k | $847k | $1.2m | $1.0m | $1.3m | — | |
| Less: income attributable to participating securities | — | — | — | — | — | — | — | ($1.2m) | ($1.0m) | ($1.3m) | — | |
| Earnings Per Share, Basic | — | $0.28 | $1.60 | $1.69 | ($1.03) | ($0.04) | $0.64 | $0.78 | $0.51 | $0.69 | $0.98 | |
| Earnings Per Share, Diluted | — | $0.27 | $1.59 | $1.69 | ($1.03) | ($0.04) | $0.64 | $0.78 | $0.50 | $0.66 | $0.79 | |
| Weighted Average Number of Shares Outstanding, Basic | — | 12.1m | 26k | — | — | — | — | — | — | — | 51.2m | |
| Basic weighted-average shares of Class A common stock outstanding (in shares) | — | 12.1m | 26k | 30.1m | 28.9m | 30.8m | 31.5m | 29.7m | 28.8m | 41.9m | — | |
| Diluted weighted-average shares of Class A common stock outstanding (in shares) | — | 12.5m | 26k | 30.2m | 28.9m | 30.8m | 31.5m | 29.7m | 29.2m | 49.5m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 12.5m | 26k | — | — | — | — | — | — | — | 68.7m | |
| Additional Financial Items | ||||||||||||
| Direct Costs of Leased and Rented Property or Equipment | — | — | — | — | $47.8m | — | — | $1.4m | $8.0m | $121.2m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Cost and Expense, Operating | — | $4.1m | $1.8m | — | — | — | — | — | — | — | — | |
| Non-leasing depreciation and amortization | — | — | — | — | — | — | — | $36.2m | $41.2m | $49.9m | — | |
| Depreciation of leasing equipment | — | — | — | — | — | — | — | $0 | $6.0m | $34.4m | — | |
| Gain on reversal of property tax contingency | — | — | — | — | — | — | — | $0 | ($2.5m) | $0 | — | |
| Loss on debt extinguishment | — | — | — | — | — | — | — | $0 | ($4.1m) | ($41.5m) | — |