Montauk Renewables, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $176.4M | $175.7M | $174.9M | $213.4M | $148.1M |
| Gross profit | — | — | $45.3M | $65.7M | $25.4M |
| Operating expenses | $175.5M | $159.6M | $151.3M | $161.0M | $144.8M |
| Operating income | $852,000 | $16.1M | $23.6M | $44.6M | $3.3M |
| Interest expense | $4.8M | $5.3M | $5.8M | $1.8M | $2.9M |
| Pretax income | -$2.5M | $12.2M | $18.4M | $43.2M | -$367,000 |
| Income tax expense | -$4.2M | $2.4M | $3.4M | $8.0M | $4.2M |
| Net income | $1.7M | $9.7M | $14.9M | $35.2M | -$4.5M |
| Balance Sheet | |||||
| Cash and equivalents | $23.8M | $45.6M | $73.8M | $105.2M | $53.3M |
| Current assets | $37.2M | $57.2M | $90.2M | $124.9M | $75.2M |
| Total assets | $435.5M | $349.0M | $350.2M | $332.3M | $286.5M |
| Current liabilities | $33.4M | $33.5M | $29.4M | $28.4M | $24.6M |
| Total liabilities | $172.3M | $91.6M | $100.0M | $105.2M | $104.2M |
| Total debt | $128.7M | $55.6M | $63.5M | $71.4M | $79.2M |
| Stockholders' equity | $263.1M | $257.4M | $250.2M | $227.1M | $182.3M |
| Cash Flow Statement | |||||
| Cash from operations | $30.3M | $43.8M | $41.1M | $81.1M | $42.9M |
| Depreciation and amortization | $30.0M | $23.5M | $21.2M | $20.7M | $22.9M |
| Stock-based compensation | $4.4M | $10.0M | $8.3M | $9.8M | $22.4M |
| Capital expenditure | $116.5M | $62.3M | $63.1M | $22.3M | $10.0M |
| Free cash flow | -$86.2M | -$18.5M | -$22.0M | $58.8M | $32.9M |
| Share repurchases | $419,000 | $1.8M | $122,000 | $238,000 | $10.8M |
| Impairments | $3.2M | $1.6M | $902,000 | $4.9M | $1.2M |
Shares outstanding 142.3M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.