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MONTROSE ENVIRONMENTAL GROUP, INC.

CIK: 1643615 SIC: 8742
$830.54M
Revenue
$-843.00K
Net Income
40.26%
Gross Margin
1.41%
Op. Margin
$115.79M
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 14 of 17 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $193.27M $224.89M $234.54M $177.83M $189.06M $178.69M $173.32M $155.32M $165.74M $167.94M $159.10M $131.43M $139.51M $130.31M
Revenue Growth % (YoY) 2.2% 25.9% 35.3% 14.5% 14.1% 6.4% 8.9% 18.2% 18.8% 28.9% nan% nan% nan% nan%
Cost of Revenue $118.70M $136.28M $132.80M $108.41M $111.95M $105.60M $104.09M $96.56M $101.92M $102.16M $98.20M $81.63M $90.83M $82.23M
+ Gross Profit $74.57M $88.60M $101.74M $69.43M $77.10M $73.09M $69.24M $58.77M $63.82M $65.78M $60.91M $49.80M $48.68M $48.08M
Gross Margin % 38.6% 39.4% 43.4% 39.0% 40.8% 40.9% 39.9% 37.8% 38.5% 39.2% 38.3% 37.9% 34.9% 36.9%
Selling General & Admin $65.19M $65.70M $73.68M $66.23M $84.44M $60.87M $59.24M $57.07M $61.10M $56.90M $55.25M $49.61M $45.17M $42.86M
+ Operating Income $-2.58M $9.94M $14.94M $-10.57M $-22.84M $-1.16M $-2.65M $-10.06M $-8.91M $-3.44M $-6.09M $-9.97M $-8.29M $-6.34M
Operating Margin % -1.3% 4.4% 6.4% -5.9% -12.1% -0.6% -1.5% -6.5% -5.4% -2.0% -3.8% -7.6% -5.9% -4.9%
Interest Expense $4.64M $13.24M $8.50M $3.87M $4.08M $10.70M $6.86M $3.10M $3.22M $4.84M $2.94M $1.35M $1.66M $4.85M
Other Income/Expense $-21.00K $10.76M $9.17M $-848.00K $2.58M $-3.90M $-924.00K $507.00K $5.93M $-671.00K $947.00K $-1.84M $-935.00K $1.81M
Income Before Tax $-7.29M $15.66M $19.34M $-16.49M $-24.71M $-9.20M $-7.55M $-12.86M $-5.26M $-6.20M $-7.02M $-13.35M $-10.45M $-5.93M
Income Tax Expense $924.00K $7.28M $988.00K $2.87M $3.52M $1.37M $2.62M $493.00K $-3.82M $1.32M $151.00K $1.37M $358.00K $-208.00K
+ Net Income $-8.22M $8.38M $18.36M $-19.36M $-28.22M $-10.56M $-10.17M $-13.36M $-1.44M $-7.53M $-7.17M $-14.72M $-10.81M $-5.72M
Net Margin % -4.3% 3.7% 7.8% -10.9% -14.9% -5.9% -5.9% -8.6% -0.9% -4.5% -4.5% -11.2% -7.7% -4.4%
Basic EPS -0.23 0.24 0.48 -0.64 -0.92 -0.39 -0.39 -0.53 -0.18 -0.39 -0.38 -0.63 -0.50 -0.33
Diluted EPS -0.22 0.21 0.42 -0.64 -0.92 -0.39 -0.39 -0.53 -0.18 -0.39 -0.38 -0.63 -0.50 -0.33
Basic Shares Outstanding - 35.3M 35.2M 34.5M 414K 34.2M 33.3M 30.4M 42K 30.1M 30.0M 29.9M 11K 29.7M
Diluted Shares Outstanding - 39.9M 43.5M 34.5M 414K 34.2M 33.3M 30.4M 42K 30.1M 30.0M 29.9M 11K 29.7M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $11.22M $6.74M $10.48M $30.28M $12.94M $13.04M $16.91M $9.49M $23.24M $23.18M $23.31M $76.79M $89.83M -
Accounts Receivable $155.38M $165.31M $160.00M $139.68M $158.88M $152.85M $135.67M $104.73M $112.36M $117.38M $103.72M $85.47M $94.71M $80.93M
Other Current Assets $14.96M $15.19M $15.12M $18.69M $14.09M $15.49M $14.22M $16.75M $13.67M $15.42M $16.47M $15.18M $10.29M $10.89M
Total Current Assets $240.39M $255.98M $260.92M $249.39M $238.00M $246.94M $240.02M $204.44M $200.92M $213.06M $200.61M $231.01M $247.93M $245.83M
Property Plant & Equipment $63.85M $62.95M $61.12M $60.52M $63.78M $66.10M $63.63M $59.74M $56.83M $57.97M $57.11M $40.69M $36.05M $33.58M
Goodwill $466.79M $469.02M $468.98M $468.35M $467.79M $482.61M $435.48M $463.45M $364.45M $356.40M $368.56M $326.50M $323.87M $318.41M
Intangible Assets $126.38M $132.85M $139.84M $146.90M $152.76M $144.65M $142.87M $134.42M $140.81M $151.58M $137.37M $137.27M $142.11M $146.27M
Other Non-current Assets $9.73M $5.54M $5.69M $6.55M $8.63M $8.44M $8.19M $8.58M $8.27M $8.68M $6.49M $5.11M $6.09M $6.69M
Total Assets $981.30M $985.68M $998.08M $992.16M $990.35M $1.01B $943.92M $918.10M $816.79M $836.11M $825.66M $783.18M $791.91M $789.11M
Accounts Payable $34.81M - - - $33.42M - - - - - - - - -
Accrued Liabilities $18.37M - - - $16.19M - - - - - - - - -
Deferred Revenue $15.00M - - - $9.30M - - - - - - - - -
Other Current Liabilities $3.60M - - - $4.79M - - - - - - - - -
Total Current Liabilities $168.00M $154.35M $146.76M $121.78M $158.66M $128.24M $131.72M $125.50M $126.29M $134.83M $124.59M $102.33M $111.44M $103.40M
Long-term Debt $277.06M $302.42M $264.56M $235.62M $204.82M $233.01M $188.75M $280.95M $148.99M $152.56M $155.98M $149.34M $152.49M $155.65M
Deferred Tax Liabilities $21.82M $16.37M $16.41M $16.41M $13.31M $8.27M $8.24M $5.85M $6.06M $10.03M $7.45M $7.11M $5.74M $5.77M
Other Non-current Liabilities $7.09M $7.02M $7.05M $6.88M $5.55M $6.36M $6.12M $6.31M $6.57M $91.00K $120.00K $3.00K $13.00K $22.00K
Total Liabilities $530.12M $526.96M $494.02M $455.09M $451.16M $464.77M $402.21M $500.70M $342.61M $368.28M $359.73M $320.14M $325.80M $319.78M
Retained Earnings $-273.51M $-265.30M $-273.67M $-292.03M $-272.67M $-244.45M $-233.88M $-223.71M $-210.36M $-208.91M $-201.39M $-194.22M $-179.50M $-168.69M
Total Stockholders Equity $451.18M $458.72M $470.27M $444.14M $446.26M $449.19M $448.77M $324.47M $321.25M $314.90M $313.01M $310.11M $313.19M $316.40M
Total Liabilities & Equity $981.30M $985.68M $998.08M $992.16M $990.35M $1.01B $943.92M $918.10M $816.79M $836.11M $825.66M $783.18M $791.91M $789.11M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $-8.22M $8.38M $-1.00M $-19.36M $-28.22M $-10.56M $-10.17M $-13.36M $-1.44M $-7.53M $-21.89M $-14.72M $-10.81M $-5.72M
Depreciation & Amortization $11.90M $12.96M $12.76M $13.29M $15.35M $37.41M $24.17M $11.65M $11.96M $33.82M $21.95M $10.55M $11.55M $11.50M
Stock-based Compensation $8.94M $9.22M $10.83M $13.72M $29.80M $34.87M $11.83M $11.27M $11.66M $35.61M $11.09M $13.04M $10.91M $32.38M
Deferred Income Tax $12.17M $-2.27M $3.56M $4.17M $-645.00K $4.93M - $-414.00K $-3.82M $2.84M $1.52M $1.37M $358.00K $1.89M
Change in Receivables $-18.68M $28.75M $27.38M $-10.36M $-3.92M $45.90M $38.02M $9.09M $-6.62M $9.54M $-2.08M $-9.62M $2.91M $-7.30M
Operating Cash Flow $51.93M $55.55M $27.40M $5.50M $31.96M $-9.72M $-21.13M $-22.02M $14.55M $41.47M $24.51M $3.03M $12.48M $8.16M
Capital Expenditure $5.38M $10.93M $5.12M $3.15M $2.25M $19.09M $17.93M $5.98M $4.61M $24.97M $20.95M $4.13M $4.59M $5.41M
Acquisitions - - - - $74.00K $113.01M $70.25M $58.12M - $66.19M $63.05M $6.53M $7.28M $21.34M
Investing Cash Flow $-3.24M $-12.60M $-7.93M $-3.71M $-855.00K $-137.19M $-87.94M $-65.04M $-4.64M $-96.98M $-86.98M $-11.73M $-11.37M $-27.32M
Stock Issued - - - - - $121.78M $121.78M - - - - - - -
Dividends Paid - $4.15M $2.75M $2.75M $2.75M $8.31M $5.56M - $4.10M $12.30M $8.20M $4.10M $4.10M $12.30M
Financing Cash Flow $-43.88M $-49.24M $-21.26M $15.96M $-30.58M $136.58M $102.83M $73.35M $-9.24M $-10.87M $-3.96M $-4.65M $-4.71M $-34.05M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $224.89M - $637.26M -
Cost of Revenue $136.28M - $377.49M -
Selling General & Admin $65.70M - $205.61M -
Operating Income $9.94M - $14.30M -
Interest Expense - - $13.24M -
Other Income/Expense $10.76M - $19.08M -
Income Before Tax $15.66M - $18.52M -
Income Tax Expense $7.28M - $11.14M -
Net Income $8.38M $-10.17M $7.38M -
Basic EPS 0.24 - 0.09 -
Diluted EPS 0.21 - 0.08 -
Basic Shares Outstanding $35.30M - $35.00M -
Diluted Shares Outstanding $39.94M - $39.55M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $6.74M $12.94M
Accounts Receivable $165.31M $158.88M
Other Current Assets $15.19M $14.09M
Total Current Assets $255.98M $238.00M
Property Plant & Equipment $62.95M $63.78M
Goodwill $469.02M $467.79M
Intangible Assets $132.85M $152.76M
Other Non-current Assets $5.54M $8.63M
Total Assets $985.68M $990.35M
Total Current Liabilities $154.35M $158.66M
Long-term Debt $302.42M $204.82M
Deferred Tax Liabilities $16.37M $13.31M
Other Non-current Liabilities $7.02M $5.55M
Total Liabilities $526.96M $451.16M
Retained Earnings $-265.30M $-272.67M
Total Stockholders Equity $458.72M $446.26M
Total Liabilities & Equity $985.68M $990.35M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $8.38M $-10.17M $7.38M -
Depreciation & Amortization $12.96M - $39.02M -
Stock-based Compensation $9.22M - $33.78M -
Deferred Income Tax - - $-2.27M -
Change in Receivables - - $28.75M -
Operating Cash Flow - - $55.55M -
Capital Expenditure - - $10.93M -
Investing Cash Flow - - $-12.60M -
Dividends Paid - - $4.15M -
Financing Cash Flow - - $-49.24M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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