Mammoth reported fourth-quarter revenue of $9.5 million and full-year revenues of $44.3 million, down from $10.0 million and $45.6 million a year earlier. Net loss narrowed to $12.3 million ($0.26 per share) in Q4 and $63.8 million ($1.32 per share) for 2025, with adjusted EBITDA losses improving to $6.8 million and $17.4 million, respectively.

The company sold four non-core businesses in 2025, raising over $150 million in cash proceeds. It deployed $65 million into its aviation rental platform and implemented SG&A cuts to streamline operations and bolster financial flexibility.

Infrastructure services revenue climbed to $1.2 million in Q4 from $0.4 million a year earlier, while rental services revenue rose to $3.3 million, with average equipment rentals up to 328 units. Natural sand proppant sales dipped to 92,000 tons at $18.56 per ton, and accommodation services grew to $2.8 million in the quarter.

Management emphasized improving operational execution across segments as the top priority, leveraging favorable market tailwinds and existing liquidity. The focus remains on accretive investments, self-help initiatives, and efficiency to unlock long-term shareholder value.