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Advanced Emissions Solutions ADES
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Quarterly report 2026-Q3
added 11-04-2026

Advanced Emissions Solutions Financial Statements 2025-2011 | ADES

Annual Financial Statements Advanced Emissions Solutions

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

- 124 M 99.8 M 51.3 M 121 M 91.7 M 204 M 228 M 174 M 210 M 106 M 229 M 493 M 234 M 185 M

Shares

41.5 M 36.1 M 29.1 M 18.5 M 18.3 M 18.1 M 18.2 M 19.9 M 21.4 M 21.9 M 21.8 M 21.6 M 20.1 M 20 M 16 M

Historical Prices

- 3.43 3.43 2.78 6.62 5.5 10.1 9.26 7.71 7 5.41 17.3 20.5 6.39 8.57

Net Income

-52.6 M -5.11 M -12.2 M -8.92 M 60.4 M -20.3 M 35.5 M 35.5 M 27.9 M 97.7 M -30.1 M 1.39 M -16 M -13.1 M -19.9 M

Revenue

120 M 109 M 99.2 M 103 M 25.8 M 61.6 M 70.1 M 23.9 M 35.7 M 50.6 M 62.7 M 16.9 M 13.3 M 213 M 53.3 M

Cost of Revenue

86.8 M 69.5 M 67.3 M 10.5 M 16.9 M 10.6 M 10.1 M 10.6 M 7.67 M 12.4 M 23.6 M 20.8 M 16.2 M 11.5 M -

Gross Profit

33.5 M 39.4 M 31.9 M 92.4 M 8.86 M 17 M 20.6 M 17.7 M 3.81 M 10.8 M 15.2 M 5.3 M -382 K 20 M 24.4 M

Operating Income

-53 M -1.96 M -13.3 M -12.1 M 4.85 M -41 M -14.9 M -6.4 M -4.14 M -16.1 M -41.8 M -41.8 M -32.3 M -14.8 M -

Interest Expense

858 K 1.24 M 3.01 M 336 K 1.49 M 3.92 M 7.17 M 2.15 M 3.02 M 5.07 M 8.4 M 5.72 M 1.34 M 798 K -

EBITDA

-41.2 M 6.64 M -2.79 M -5.65 M 12.8 M 12.2 M 62.1 M -5.68 M -13 M -15.1 M -39.8 M -39.9 M -30.6 M -3.15 M 4.6 M

Operating Expenses

86.5 M 41.4 M 45.2 M 115 M 95.4 M 33 M 35.5 M 24.1 M 17.6 M 26.9 M 57 M 47.1 M 31.9 M 28.4 M 21.3 M

General and Administrative Expenses

22.6 M 28.7 M 12.6 M 8.14 M 7.06 M 24.4 M 28.2 M 23.4 M 16.7 M 26.6 M 49.6 M 43.7 M 27 M 20.2 M 17.5 M

All numbers in USD currency

Quarterly Income Statement Advanced Emissions Solutions

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

42.3 M 42.1 M 41.7 M 44 K 41.6 M 41.5 M 41.3 M 1.97 M 36.1 M 34.4 M 37.1 M 1.21 M 31.8 M 27.4 M 23.8 M 18 M 18.5 M 18.5 M 18.3 M 18.3 M 18.3 M 18.3 M 18.2 M 18.1 M 18.1 M 18 M 17.9 M 18.1 M 18.1 M 18.2 M 18.3 M 19.3 M 19.7 M 20.1 M 20.5 M 20.8 M 20.8 M 21.9 M 22.1 M 21.7 M 21.7 M 21.9 M 21.8 M 21.7 M 21.7 M 21.7 M 21.7 M 21.6 M 21.5 M 21.5 M 21.5 M 20.6 M 19.9 M 19.9 M 19.9 M 10 M 10 M 10 M - - - - -

Net Income

2.5 M -733 K -1.14 M -49.3 M -889 K -2.37 M -33 K -1.34 M 1.62 M -1.97 M -3.42 M 3.45 M -2.18 M -5.86 M -7.66 M -3.17 M -2.39 M -326 K -3.03 M 5.82 M 24.3 M 16.6 M 13.7 M 430 K 4.98 M -23.8 M -1.89 M 9.1 M 3.92 M 8.1 M 14.4 M 7 M 5.48 M 15.2 M 7.64 M 6.98 M 5.76 M 6.36 M 8.59 M 75.8 M 9.48 M 7.78 M 4.34 M -2.91 M -8.57 M -12.3 M -6.07 M 4.68 M -3.7 M 992 K -583 K -5.88 M 356 K -3 M -7.46 M - -3.95 M -1.3 M - - - - -

Revenue

38.2 M 29.9 M 29.1 M 29.4 M 35.1 M 28.6 M 27.2 M 27 M 34.8 M 25.4 M 21.7 M 28.1 M 29.8 M 20.4 M 20.8 M 23.4 M 28.4 M 24.7 M 26.4 M 25.8 M 30.9 M 21.1 M 22.6 M 19.7 M 19.5 M 11.5 M 12.3 M 16 M 19.1 M 15.6 M 19.3 M 10.6 M 5.15 M 4.27 M 3.9 M 3.79 M 5.1 M 27.3 M 9.14 M 3.6 M 15.7 M 8.95 M 22.4 M 13.2 M 12.9 M 14.9 M 21.8 M 3.69 M 9.07 M 3.18 M 983 K 1.23 M 3.47 M 6.43 M 2.16 M - 74.4 M 52.5 M - - - - -

Cost of Revenue

23 M 18.4 M 19.1 M 25.4 M 25 M 19.1 M 17.3 M 17.2 M 21.3 M 17.2 M 13.7 M 2.67 M 4.23 M 3.56 M 4.7 M 3.08 M 2.31 M 2.52 M 2.63 M 16.9 M 2.64 M 2.91 M 2.47 M 12.1 M 2.28 M 3.81 M 2.74 M 11.1 M 2.65 M 2.8 M 2.56 M 4.03 M 2.56 M 2.76 M 2.21 M 648 K 1.68 M 2.03 M 2.18 M 3.48 M 2.81 M 3.96 M 3.8 M 7.22 M 4.44 M 9.75 M 4.91 M 2.9 M 6.51 M 1.75 M 451 K 758 K 5.97 M 4.48 M 2.46 M - 70.4 M 45.1 M - - - - -

Gross Profit

15.2 M 11.5 M 9.94 M 3.99 M 10.1 M 9.52 M 9.92 M 9.8 M 13.4 M 8.18 M 8.03 M 25.4 M 25.6 M 16.9 M 16.1 M 20.3 M 26.1 M 22.2 M 23.8 M 8.86 M 28.2 M 18.2 M 20.1 M 7.67 M 17.2 M 7.67 M 9.52 M 4.94 M 16.5 M 12.8 M 16.8 M 6.59 M 2.59 M 1.51 M 1.68 M 3.14 M 3.42 M 25.3 M 6.96 M 126 K 12.9 M 5 M 18.6 M 5.98 M 8.44 M 5.15 M 16.8 M 790 K - - - - 19.1 M 10.6 M - - 3.96 M 7.43 M - - - - -

Operating Income

3.12 M -68 K -982 K -50.5 M -1.08 M -1.79 M 662 K 413 K 2.03 M -1.42 M -2.98 M 3.1 M -2.52 M -6.09 M -7.83 M -3.37 M -2.62 M -2.74 M -3.34 M 784 K 3.3 M 439 K 330 K 1.55 M -2.82 M -31.1 M -8.64 M -4.69 M -2.39 M -4.26 M -3.56 M -3.15 M 32 K -1.57 M -1.71 M -1.06 M -1.14 M 16 K -1.96 M -5.26 M -2.91 M -4.61 M -3.31 M -7.14 M -9.99 M -17.8 M -6.9 M -15.5 M -10.3 M -8.42 M -7.57 M -8.97 M -9.71 M -5.42 M -8.16 M - -3.34 M 1.6 M - - - - -

Interest Expense

148 K 83 K 845 K -196 K 773 K 16 K 265 K 307 K 268 K 311 K 352 K 1.12 M 725 K 603 K 182 K 174 K 315 K 111 K -445 K -12 K 81 K 150 K 421 K -76 K 17 K 148 K 43 K 85 K 212 K 60 K 70 K 74 K 86 K 34 K 26 K -467 K -924 K 507 K 2.91 M -1.5 M 1.28 M -279 K 2.94 M 484 K -77 K 23 K 65 K - 1.19 M 1.22 M 793 K - 373 K 222 K 140 K - 144 K 431 K - - - - -

EBITDA

7.24 M 3.47 M 1.59 M -59 M 2.92 M 930 K 2.84 M -5.28 M 4.74 M 238 K -1.26 M -3.37 M 186 K -3.66 M -5.69 M -7.64 M -952 K -1.15 M -1.83 M -4.47 M 5.44 M 2.34 M 2.44 M -3.26 M -1.05 M -29.3 M -6.34 M -8.59 M -348 K -3.5 M -1.45 M -3.21 M 106 K -1.5 M -1.6 M -1.65 M -1.05 M 134 K -1.47 M -5.75 M -2.78 M -4.39 M -3.08 M -8.37 M -9.46 M -17.2 M -6.37 M -15.5 M -8.92 M -7.53 M -7.13 M -8.97 M -8.27 M -4.07 M -7.77 M - -2.1 M 2.78 M - - - - -

Operating Expenses

12 M 11.6 M 10.9 M 54.5 M 11.2 M 11.3 M 9.25 M 9.39 M 11.4 M 9.6 M 11 M 10.9 M 11.6 M 11.2 M 11.5 M 26.8 M 31.1 M 27.5 M 29.7 M 25 M 27.6 M 20.6 M 22.3 M 22.6 M 22.3 M 42.5 M 20.9 M 20.7 M 21.5 M 19.8 M 22.9 M 13.8 M 5.12 M 5.84 M 5.61 M 4.85 M 6.24 M 27.3 M 11.1 M 8.85 M 18.6 M 13.6 M 25.7 M 20.3 M 22.9 M 32.7 M 28.7 M 16.3 M 19.4 M 11.6 M 8.55 M - 13.2 M 11.8 M 10.3 M - 7.29 M 5.84 M - - - - -

General and Administrative Expenses

7.15 M 6.79 M 7.37 M 5.96 M 4.62 M 5.92 M 6.05 M 5.96 M 8.06 M 7.01 M 7.67 M 6.5 M 8.3 M 7.99 M 11.3 M 2.48 M 1.83 M 1.87 M 1.93 M 1.84 M 1.72 M 1.59 M 1.92 M 1.54 M 1.9 M 2.46 M 2.33 M 2.23 M 1.98 M 2 M 1.91 M 1.08 M 834 K 1.09 M 1.17 M 1.05 M 1.11 M 395 K 1.26 M 801 K 818 K 1.35 M 745 K 1.47 M 1.25 M 1.5 M 1.88 M - 1.43 M 1.41 M 1.15 M - 7.43 M 7.06 M 740 K - 4.56 M 2.14 M - - - - -

All numbers in USD currency

Financial statements are the primary tool companies use to inform stakeholders about their financial position, performance, and changes in capital structure. It is a kind of "business language" understood by investors, creditors, tax authorities, and other participants in the economic environment.

Main types of financial statements Advanced Emissions Solutions ADES
  1. Income Statement
    Shows income, expenses, and resulting profit or loss over a specific period. Helps assess business profitability.
  2. Balance Sheet
    Reflects a company’s assets, liabilities, and equity as of a specific date. It’s a snapshot of what the company owns and owes.
    Assets — everything the company owns (cash, equipment, buildings, accounts receivable, etc.).
    Liabilities — debts and other external sources of financing.
    Equity — owners' capital and retained earnings.
  3. Cash Flow Statement
    Reveals how the company earns and spends money in three areas: operating, investing, and financing activities.
International reporting standards
  • IFRS — International Financial Reporting Standards, applicable to public and multinational companies.
  • GAAP — Generally Accepted Accounting Principles used in the United States.
  • RAS — Russian Accounting Standards, used domestically in Russia.

Financial reporting Advanced Emissions Solutions plays a crucial role for investors as it serves as an objective source of information about a company's current state. Based on the reports, one can determine whether a company is growing, stagnating, or losing market share. This allows investors to identify both promising and problematic assets in a timely manner.

In addition, financial data provides a basis for forecasting future returns. Historical trends in revenue, profit, and cash flow help evaluate potential dividends, the likelihood of stock price growth, and overall investment risk.

Transparent and accurate reporting is also an indicator of a company’s maturity and managerial responsibility. Such openness builds investor confidence and simplifies investment decision-making, especially when comparing multiple companies.

Finally, financial statements enable high-quality comparative analysis. They allow companies to be evaluated against each other in terms of profitability, debt levels, margins, and other key metrics — which is particularly important when choosing the best investment options within an industry or market segment.

Financial statements of other stocks in the Pollution treatment industry

Issuer Price % 24h Market Cap Country
TOMI Environmental Solutions TOMI Environmental Solutions
TOMZ
$ 2.62 8.26 % $ 52.6 M usaUSA
Unifi Unifi
UFI
$ 6.42 1.74 % $ 119 M usaUSA
ClearSign Technologies Corporation ClearSign Technologies Corporation
CLIR
$ 2.42 0.91 % $ 13.4 M usaUSA
Federal Signal Corporation Federal Signal Corporation
FSS
$ 115.35 -1.59 % $ 7.01 B usaUSA
LiqTech International LiqTech International
LIQT
$ 0.32 5.71 % $ 3.08 M danmarkDanmark
Energy Recovery Energy Recovery
ERII
$ 7.32 -0.95 % $ 394 M usaUSA
Fuel Tech Fuel Tech
FTEK
$ 1.38 -2.48 % $ 42.7 M usaUSA
BioHiTech Global, Inc. BioHiTech Global, Inc.
BHTG
- -3.67 % $ 23.9 M usaUSA
CECO Environmental Corp. CECO Environmental Corp.
CECE
- 2.19 % $ 402 M usaUSA
Calyxt Calyxt
CLXT
- 5.53 % $ 31.3 M usaUSA