Advanced Emissions Solutions, Inc. (ADES) — Financial statements
Income statement, balance sheet, and cash flow for Advanced Emissions Solutions, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 120↑10.4% | 109↑9.9% | 99↓3.7% | 103↑2.7% | 100 | |
| Cost of Revenue | 87↑24.9% | 70↑3.3% | 67↓16.3% | 80↑22.7% | 66 | |
| Gross Profit | 34↓15.0% | 39↑23.8% | 32↑41.5% | 23↓35.1% | 35 | |
| Operating Expenses | ||||||
| R&D Expenses | 7↑81.2% | 4 | 0.00 | 0.00↓100.0% | 4 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 37↑32.8% | 28↑14.2% | 25 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 23↓21.4% | 29↓23.2% | 37↑32.8% | 28↑14.2% | 25 | |
| Other Expenses | 57↑553.7% | 9↑1004.3% | 0.78↓87.8% | 6↑23.3% | 5 | |
| Operating Expenses | 86↑108.9% | 41↓13.5% | 48↑38.5% | 35↑15.8% | 30 | |
| Total Costs & Expenses | 173↑56.2% | 111↓3.7% | 115↑0.1% | 115↑20.5% | 95 | |
| Operating Results | ||||||
| Operating Income | -53↓2603.3% | -2↑85.3% | -13↓10.5% | -12↓116.3% | 74 | |
| Depreciation & Amortization | 12↑36.7% | 9↓18.5% | 11↑4.3% | 10↑27.5% | 8 | |
| EBITDA | -43↓67756.3% | 0.06↓95.6% | 1↑174.7% | -2↓102.4% | 82 | |
| EBIT | 0.00 | 0.00↑100.0% | -9↓8.5% | -8↓110.8% | 78 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00 | 0.00↑100.0% | -1↓1104.1% | -0.10↑91.7% | -1 | |
| Interest Income | 0.00 | 0.00↓100.0% | 2↑672.4% | 0.24↓26.7% | 0.33 | |
| Interest Expense | -2↑24.8% | -3↓208.1% | 3↑797.0% | 0.34↓77.4% | 1 | |
| Non-Operating Income | 0.00 | 0.00↑100.0% | -4↓15.1% | -4↑94.9% | -73 | |
| Other Income / Expenses | 0.36↑110.9% | -3↓367.5% | 1↓63.1% | 3↓95.3% | 71 | |
| Income Before Tax | -53↓897.5% | -5↑56.4% | -12↓38.9% | -9↓111.4% | 76 | |
| Income Tax Expense | 0.01↑107.3% | -0.16↓207.2% | 0.15↓26.8% | 0.21↓98.7% | 16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -53 | 0.00↑100.0% | -12↓37.4% | -9↓114.8% | 60 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -53↓929.8% | -5↑58.3% | -12↓37.4% | -9↓114.8% | 60 | |
| Bottom-Line Net Income | -53↓929.8% | -5↑58.3% | -12↓37.4% | -9↓114.8% | 60 | |
| EPS (Basic) | -1.27↓807.1% | -0.14↑66.7% | -0.42↑12.5% | -0.48↓114.5% | 3.31 | |
| EPS (Diluted) | -1.27↓807.1% | -0.14↑66.7% | -0.42↑12.5% | -0.48↓114.7% | 3.27 | |
| Weighted Average Shares | 42↑15.2% | 36↑23.9% | 29↑57.7% | 18↑1.1% | 18 | |
| Weighted Average Diluted Shares | 42↑15.2% | 36↑23.9% | 29↑57.7% | 18↓0.0% | 18 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.