Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Next ReportNov 02, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 12, 2026
$1.85
—
—
March 31, 2026
$1.44
—
—
Dec. 31, 2025
$2.27
—
—
Sept. 30, 2025
$2.28
—
—
June 30, 2025
$2.52
—
—
March 31, 2025
$2.97
—
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
·
$232M
$279M
$307M
$185M
$120M
$257M
$251M
$243M
$250M
$433M
$350M
SG&A Expense
$24M
$25M
$26M
$22M
$17M
$14M
$17M
$16M
$19M
$17M
$7M
$7M
Operating Expenses
$63M
$69M
$77M
$84M
$69M
$184M
$213M
$86M
$70M
$98M
$610M
$175M
Operating Income
$144M
$199M
$293M
$305M
$148M
$-44M
$51M
$193M
$177M
$181M
$-170M
$176M
Interest Expense
·
·
$14M
$26M
$39M
$41M
$47M
$70M
$82M
$90M
$88M
$79M
Interest Income
·
·
·
·
·
·
·
·
$181.0K
$39.0K
$18.0K
$96.0K
Net Income
$136M
$184M
$278M
$268M
$109M
$-85M
$-24M
$140M
$89M
$97M
$-572M
$109M
EBITDA
$159M
$215M
·
$328M
$167M
$-35M
$66M
$214M
$219M
$229M
$-377M
$269M
Balance Sheet22
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$30M
$30M
$12M
$39M
$136M
$100M
$98M
$102M
$27M
$40M
$41M
$49M
Receivables
$29M
$31M
$41M
$43M
$25M
$12M
$31M
$32M
$24M
$43M
$44M
$66M
Inventory
·
·
·
·
·
·
·
·
$8M
$7M
$8M
$6M
Prepaid Expense
$2M
$2M
$2M
$2M
$3M
$5M
$1M
$3M
$4M
$7M
$4M
$4M
Other Current Assets
·
$200.0K
·
·
·
·
·
·
·
·
·
$4M
Current Assets
$61M
$64M
$55M
$84M
$163M
$117M
$132M
$243M
$91M
$105M
$121M
$136M
PP&E (Net)
·
·
·
·
·
·
·
$984.0K
$1M
$49M
$61M
$60M
PP&E (Gross)
·
·
·
·
·
·
·
·
$7M
$79M
$92M
$90M
Accum. Depreciation
·
·
·
·
·
·
·
·
$6M
$30M
$32M
$30M
Goodwill
·
·
·
·
·
·
·
·
·
·
$0
$52M
Intangibles
$12M
$13M
$14M
$15M
$16M
$17M
$18M
$43M
$47M
$3M
$4M
$61M
Other Non-current Assets
$14M
$12M
$8M
$7M
$6M
$7M
$7M
$3M
$5M
$7M
$1M
$15M
Total Assets
$748M
$773M
$798M
$877M
$954M
$922M
$1.09B
$1.34B
$1.39B
$1.45B
$1.67B
$2.44B
Accounts Payable
$1M
$909.0K
$885.0K
$2M
$2M
$1M
$1M
$2M
$1M
$6M
$5M
$22M
Accrued Liabilities
$11M
$12M
$13M
$12M
$10M
$8M
$9M
$12M
$12M
$26M
$45M
$44M
Current Liabilities
$33M
$32M
$50M
$60M
$64M
$61M
$63M
$149M
$121M
$189M
$136M
$148M
Other Non-current Liabilities
$6M
$6M
$7M
$5M
$5M
$5M
$5M
$1M
$588.0K
$5M
$5M
$22M
Total Liabilities
$116M
$222M
$220M
$235M
$514M
$549M
$585M
$757M
$954M
$1.30B
·
·
Long-term Debt
$33M
$142M
$155M
$168M
$434M
$471M
$516M
$673M
$809M
$1.13B
$1.37B
$1.48B
Total Debt
$33M
$142M
·
$168M
$434M
$471M
$516M
·
$809M
$1.13B
$1.37B
$1.48B
AOCI
$-4M
$-2M
$-3M
$19M
$3M
$322.0K
$-3M
$-3M
$-3M
$-2M
$-2M
$-459.0K
Liabilities + Equity
$748M
$773M
$798M
$877M
$954M
$922M
$1.09B
$1.34B
$1.39B
$1.45B
$1.67B
$2.44B
Cash Flow12
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$15M
$16M
$18M
$23M
$19M
$9M
$15M
$22M
$23M
$29M
$57M
$59M
Stock-based Comp
$11M
$11M
$11M
$6M
$4M
$4M
$2M
$1M
$18.0K
$1M
·
·
Amort. of Intangibles
$1M
$800.0K
$1M
$1M
$1M
$200.0K
$2M
$4M
$3M
$800.0K
$1M
$300.0K
Other Non-cash
$3M
$38M
·
$-30M
$-10M
$161M
$144M
$26M
$3M
$-32M
$674M
$22M
Operating Cash Flow
$166M
$248M
$311M
$267M
$122M
$89M
$137M
$189M
$127M
$108M
$203M
$211M
CapEx
$0
$0
$10.0K
$118.0K
$0
$0
·
$0
$0
$28.0K
$10M
$2M
Investing Cash Flow
$5M
$8M
$5M
$3M
$2M
$2M
$8M
$191M
$4M
$167M
$-30M
$-521M
Debt Issued
$47M
$168M
$249M
$70M
$0
$0
$300M
$35M
$181M
$20M
$100M
$498M
Net Debt Issued
$-109M
$-13M
·
$-269M
$-39M
$-46M
$-163M
$-141M
$-415M
$-163M
$-91M
$309M
Financing Cash Flow
$-171M
$-238M
$-343M
$-366M
$-88M
$-89M
$-253M
$-203M
$-141M
$-286M
$-171M
$267M
Net Change in Cash
$-303.0K
$18M
$-27M
$-96M
$36M
$2M
$-108M
$176M
$-11M
$-11M
$2M
$-42M
Free Cash Flow
$166M
$248M
·
$267M
·
·
·
$189M
$120M
$103M
$193M
$208M
Profitability4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Operating Margin
·
85.7%
·
99.4%
68.4%
-31.4%
19.9%
76.7%
49.2%
50.1%
-97.8%
47.3%
Net Margin
·
79.0%
·
87.5%
50.4%
-60.7%
-9.5%
55.6%
23.7%
26.1%
-117.0%
27.2%
EBITDA Margin
·
92.4%
·
106.7%
77.2%
-24.8%
25.7%
85.3%
58.5%
61.7%
-77.1%
67.2%
ROA
17.9%
23.8%
·
29.2%
11.5%
-8.5%
-2.0%
·
6.3%
6.2%
-27.7%
4.9%
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
1.8
2.0
·
1.4
2.5
1.9
2.1
·
0.8
0.6
0.9
0.9
Quick Ratio
1.8
1.9
·
1.4
2.5
1.8
2.1
·
0.6
0.4
0.7
0.8
Interest Coverage
·
·
·
11.6
3.8
-1.1
1.1
2.7
2.2
2.1
-5.1
2.4
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
·
0.3
·
0.3
0.2
0.1
0.2
·
0.3
0.2
0.2
0.2
Receivables Turnover
·
6.4
·
8.1
9.0
6.5
8.2
·
8.3
8.5
8.4
8.0
Growth Rates4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue YoY
·
-16.6%
-9.2%
65.8%
54.1%
·
·
·
·
·
·
·
Revenue CAGR 3Y
·
7.8%
32.4%
·
·
·
·
·
·
·
·
·
Net Income YoY
-25.7%
-34.0%
3.7%
146.5%
·
·
·
·
·
·
·
·
Net Income CAGR 3Y
-20.2%
19.0%
·
·
·
·
·
·
·
·
·
·
Valuation (TTM)2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$222M
$232M
$279M
$307M
$185M
$120M
$257M
$251M
$243M
$250M
$433M
$350M
Net Income TTM
$136M
$184M
$278M
$268M
$109M
$-85M
$-24M
$140M
$89M
$97M
$-572M
$109M
Income Statement7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Revenue
·
·
·
·
·
$51M
·
$50M
$55M
$66M
$69M
$61M
$76M
$81M
$79M
$71M
SG&A Expense
$5M
$5M
$6M
$6M
$6M
$7M
$7M
$6M
$6M
$6M
$6M
$6M
$6M
$5M
$5M
$4M
Operating Expenses
$22M
$19M
$15M
$17M
$14M
$18M
$19M
$18M
$15M
$17M
$19M
$17M
$17M
$20M
$21M
$16M
Operating Income
$26M
$21M
$32M
$33M
$37M
$43M
$46M
$43M
$50M
$60M
$68M
$74M
$82M
$82M
$79M
$73M
Interest Expense
·
·
·
·
·
·
·
·
·
$3M
$4M
$3M
$3M
$5M
$8M
$9M
Net Income
$25M
$20M
$31M
$31M
$34M
$40M
$43M
$39M
$46M
$56M
$64M
$70M
$79M
$75M
$67M
$64M
EBITDA
$37M
$28M
·
$37M
$40M
$47M
·
$48M
$54M
$64M
$72M
$78M
$86M
$89M
$85M
$77M
Balance Sheet17
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Cash & Equivalents
$30M
$32M
$30M
$31M
$30M
$31M
$30M
$31M
$32M
$11M
$18M
$11M
$18M
$61M
$59M
·
Receivables
$31M
$27M
$29M
$30M
$29M
$31M
$31M
$37M
$31M
$34M
$39M
$37M
$37M
$35M
$37M
·
Prepaid Expense
$934.0K
$1M
$2M
$455.0K
$1M
$2M
$2M
$1M
$3M
$3M
$3M
$3M
$3M
$1M
$3M
·
Other Current Assets
·
·
·
·
·
$100.0K
·
·
·
·
·
·
·
·
·
·
Current Assets
$62M
$60M
$61M
$62M
$61M
$64M
$64M
$69M
$66M
$48M
$60M
$51M
$57M
$97M
$100M
·
Intangibles
$9M
$10M
$12M
$12M
$12M
$13M
$13M
$13M
$13M
$13M
$14M
$14M
$15M
$15M
$16M
·
Other Non-current Assets
$15M
$16M
$14M
$10M
$11M
$10M
$12M
$9M
$8M
$8M
$8M
$8M
$8M
$7M
$5M
·
Total Assets
$758M
$772M
$748M
$754M
$762M
$772M
$773M
$790M
$790M
$778M
$815M
$820M
$836M
$879M
$883M
·
Accounts Payable
$989.0K
$2M
$1M
$886.0K
$930.0K
$1M
$909.0K
$984.0K
$933.0K
$2M
$1M
$2M
$1M
$2M
$2M
·
Accrued Liabilities
$7M
$5M
$11M
$8M
$8M
$5M
$12M
$8M
$7M
$5M
$7M
$6M
$3M
$6M
$6M
·
Current Liabilities
$29M
$29M
$33M
$29M
$28M
$26M
$32M
$30M
$27M
$27M
$52M
$51M
$53M
$111M
$59M
·
Other Non-current Liabilities
$5M
$5M
$6M
$6M
$5M
$5M
$6M
$6M
$7M
$6M
$7M
$6M
$6M
$5M
$5M
·
Total Liabilities
$107M
$139M
$116M
$142M
$172M
$208M
$222M
$273M
$270M
$247M
$265M
$240M
$231M
$301M
$364M
·
Long-term Debt
$27M
$60M
$33M
$69M
$101M
$139M
$142M
$197M
$210M
$189M
$208M
$182M
$173M
$239M
$298M
·
Total Debt
$27M
$60M
·
$69M
$101M
$139M
·
$197M
$210M
$189M
$208M
$182M
$173M
$239M
$298M
·
AOCI
$-3M
$-4M
$-4M
$-2M
$176.0K
$590.0K
$-2M
$-956.0K
$-1M
$-2M
$2M
$45.0K
$-866.0K
$2M
$2M
·
Liabilities + Equity
$758M
$772M
$748M
$754M
$762M
$772M
$773M
$790M
$790M
$778M
$815M
$820M
$836M
$879M
$883M
·
Cash Flow11
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
D&A
$11M
$8M
$3M
$4M
$4M
$4M
$3M
$5M
$3M
$5M
$5M
$4M
$4M
$7M
$6M
$4M
Stock-based Comp
$2M
$1M
$3M
$3M
$3M
$3M
$2M
$3M
$3M
$3M
$3M
$3M
$2M
$1M
$1M
$1M
Other Non-cash
·
$5M
·
·
·
$-13M
·
·
·
$8M
·
·
$-13M
·
·
$-17M
Operating Cash Flow
$41M
$33M
$45M
$41M
$46M
$34M
$66M
$54M
$57M
$71M
$79M
$81M
$73M
$82M
$63M
$52M
CapEx
·
·
·
·
·
·
$0
$0
$0
$0
$0
$8.0K
$2.0K
$59.0K
$0
$0
Investing Cash Flow
$819.0K
$-38M
$743.0K
$2M
$1M
$947.0K
$723.0K
$674.0K
$5M
$812.0K
$1M
$607.0K
$697.0K
$869.0K
$909.0K
$0
Debt Issued
$6M
$61M
$13M
$0
$0
$34M
$15M
$23M
$40M
$89M
$50M
$71M
$94M
$0
$0
$0
Net Debt Issued
·
$27M
·
·
·
$-3M
·
·
·
$34M
·
·
$5M
·
·
$-17M
Financing Cash Flow
$-43M
$7M
$-46M
$-42M
$-48M
$-35M
$-67M
$-56M
$-41M
$-73M
$-73M
$-89M
$-95M
$-82M
$-140M
$-52M
Net Change in Cash
$-1M
$1M
$-878.0K
$675.0K
$-532.0K
$432.0K
$-456.0K
$-1M
$21M
$-999.0K
$8M
$-7M
$-21M
$2M
$-76M
$70.0K
Free Cash Flow
·
·
·
·
·
·
·
·
·
$71M
·
·
$73M
·
·
·
Profitability4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Operating Margin
·
·
·
·
·
83.7%
·
84.9%
92.3%
91.0%
98.8%
121.0%
107.7%
101.0%
79.3%
81.7%
Net Margin
·
·
·
·
·
78.5%
·
76.6%
84.4%
85.7%
93.2%
115.3%
103.9%
91.6%
67.1%
71.2%
EBITDA Margin
·
·
·
·
·
91.5%
·
94.3%
98.4%
98.1%
105.5%
127.2%
113.0%
109.4%
85.2%
86.0%
ROA
3.3%
2.5%
·
4.0%
4.4%
5.2%
·
4.8%
5.7%
7.0%
7.5%
8.3%
8.3%
8.2%
7.3%
·
Liquidity & Solvency3
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Current Ratio
2.1
2.1
·
2.1
2.2
2.5
·
2.3
2.4
1.8
1.1
1.0
1.1
0.9
1.7
·
Quick Ratio
2.1
2.0
·
2.1
2.1
2.4
·
2.3
2.3
1.6
1.1
0.9
1.0
0.9
1.6
·
Interest Coverage
·
·
·
·
·
·
·
·
·
17.1
17.6
21.1
28.8
16.0
9.7
7.8
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Asset Turnover
·
·
·
·
·
0.1
·
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
·
Receivables Turnover
·
·
·
·
·
1.6
·
1.3
1.6
1.9
1.9
1.6
2.2
3.1
3.4
·
Valuation (TTM)2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022
Revenue TTM
·
·
·
·
·
·
·
·
·
·
$281M
$294M
$312M
$294M
$260M
$219M
Net Income TTM
$107M
$116M
·
$148M
$156M
$168M
·
$206M
$231M
$255M
$277M
$287M
$284M
$261M
$216M
$164M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2025-06-30
2025-03-31
2024-12-31
2024-09-30
Revenue
·
·
·
$232M
·
Operating Margin %
·
·
·
85.7%
·
Net Income
$136M
·
·
$184M
·
Metric
2025-12-31
2025-06-30
2025-03-31
2024-12-31
2024-09-30
Current Ratio
1.8
·
·
2.0
·
Quick Ratio
1.8
·
·
1.9
·
Metric
2025-12-31
2025-06-30
2025-03-31
2024-12-31
2024-09-30
Free Cash Flow
$166M
·
·
$248M
·
Institutional owners (13F)
87 filers
· $476.5M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders87
Value held$476.5M
New positions10
Exited positions14
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
10 (-13 vs prior Q)
14 (+4 vs prior Q)
23 (-5 vs prior Q)
27 (+10 vs prior Q)
+19K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Filer
Filed
Stake
Status
Purpose
Filing
BTO CARBON HOLDINGS LP, BTO HOLDINGS MANAGER L.L.C., BTO TACTICAL OPPORTUNITIES ASSOCIATES L.L.C., BTOA L.L.C., BLACKSTONE FAMILY TACTICAL OPPORTUNITIES INVESTMENT PARTNERSHIP ESC L.P., BTO SIDE-BY-SIDE GP L.L.C., BLACKSTONE HOLDINGS III L.P., BLACKSTONE HOLDINGS III GP L.P., BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C., BLACKSTONE INC., BLACKSTONE GROUP MANAGEMENT L.L.C., STEPHEN A. SCHWARZMAN
×2 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
38 insiders
· 18 officers · 16 directors