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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 7 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)
+ Total Revenue $193.27M $224.89M $234.54M $177.83M $189.06M $178.69M $173.32M
Revenue Growth % (YoY) 2.2% 25.9% 35.3% nan% nan% nan% nan%
Cost of Revenue $118.70M $136.28M $132.80M $108.41M $111.95M $105.60M $104.09M
+ Gross Profit $74.57M $88.60M $101.74M $69.43M $77.10M $73.09M $69.24M
Gross Margin % 38.6% 39.4% 43.4% 39.0% 40.8% 40.9% 39.9%
Selling General & Admin $65.19M $65.70M $73.68M $66.23M $84.44M $60.87M $59.24M
+ Operating Income $-2.58M $9.94M $14.94M $-10.57M $-22.84M $-1.16M $-2.65M
Operating Margin % -1.3% 4.4% 6.4% -5.9% -12.1% -0.6% -1.5%
Interest Expense $4.64M $13.24M $8.50M $3.87M $4.08M $10.70M $6.86M
Other Income/Expense $-21.00K $10.76M $9.17M $-848.00K $2.58M $-3.90M $-924.00K
Income Before Tax $-7.29M $15.66M $19.34M $-16.49M $-24.71M $-9.20M $-7.55M
Income Tax Expense $924.00K $7.28M $988.00K $2.87M $3.52M $1.37M $2.62M
+ Net Income $-8.22M $8.38M $18.36M $-19.36M $-28.22M $-10.56M $-10.17M
Net Margin % -4.3% 3.7% 7.8% -10.9% -14.9% -5.9% -5.9%
Basic EPS -0.23 0.24 0.48 -0.64 -0.92 -0.39 -0.39
Diluted EPS -0.22 0.21 0.42 -0.64 -0.92 -0.39 -0.39
Basic Shares Outstanding - 35.3M 35.2M 34.5M 414K 34.2M 33.3M
Diluted Shares Outstanding - 39.9M 43.5M 34.5M 414K 34.2M 33.3M
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)
Cash & Cash Equivalents $11.22M $6.74M $10.48M $30.28M $12.94M $13.04M $16.91M
Accounts Receivable $155.38M $165.31M $160.00M $139.68M $158.88M $152.85M $135.67M
Other Current Assets $14.96M $15.19M $15.12M $18.69M $14.09M $15.49M $14.22M
Total Current Assets $240.39M $255.98M $260.92M $249.39M $238.00M $246.94M $240.02M
Property Plant & Equipment $63.85M $62.95M $61.12M $60.52M $63.78M $66.10M $63.63M
Goodwill $466.79M $469.02M $468.98M $468.35M $467.79M $482.61M $435.48M
Intangible Assets $126.38M $132.85M $139.84M $146.90M $152.76M $144.65M $142.87M
Other Non-current Assets $9.73M $5.54M $5.69M $6.55M $8.63M $8.44M $8.19M
Total Assets $981.30M $985.68M $998.08M $992.16M $990.35M $1.01B $943.92M
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
Long-term Debt $277.06M $302.42M $264.56M $235.62M $204.82M $233.01M $188.75M
Deferred Tax Liabilities $21.82M $16.37M $16.41M $16.41M $13.31M $8.27M $8.24M
Other Non-current Liabilities $7.09M $7.02M $7.05M $6.88M $5.55M $6.36M $6.12M
Total Liabilities $530.12M $526.96M $494.02M $455.09M $451.16M $464.77M $402.21M
Retained Earnings $-273.51M $-265.30M $-273.67M $-292.03M $-272.67M $-244.45M $-233.88M
Total Stockholders Equity $451.18M $458.72M $470.27M $444.14M $446.26M $449.19M $448.77M
Total Liabilities & Equity $981.30M $985.68M $998.08M $992.16M $990.35M $1.01B $943.92M
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)
Net Income $-8.22M $8.38M $-1.00M $-19.36M $-28.22M $-10.56M $-10.17M
Depreciation & Amortization $11.90M $12.96M $12.76M $13.29M $15.35M $37.41M $24.17M
Stock-based Compensation $8.94M $9.22M $10.83M $13.72M $29.80M $34.87M $11.83M
Deferred Income Tax $12.17M $-2.27M $3.56M $4.17M $-645.00K $4.93M -
Change in Receivables $-18.68M $28.75M $27.38M $-10.36M $-3.92M $45.90M $38.02M
Operating Cash Flow $51.93M $55.55M $27.40M $5.50M $31.96M $-9.72M $-21.13M
Capital Expenditure $5.38M $10.93M $5.12M $3.15M $2.25M $19.09M $17.93M
Acquisitions - - - - $74.00K $113.01M $70.25M
Investing Cash Flow $-3.24M $-12.60M $-7.93M $-3.71M $-855.00K $-137.19M $-87.94M
Stock Issued - - - - - $121.78M $121.78M
Dividends Paid - $4.15M $2.75M $2.75M $2.75M $8.31M $5.56M
Financing Cash Flow $-43.88M $-49.24M $-21.26M $15.96M $-30.58M $136.58M $102.83M
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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