Business Wire·Nov 12, 2026, 7:34 AM ET

ERock Reports Third Quarter 2026 Results

EROC

ERock Inc. reported Q3 2026 revenue of $152.8 million, nearly 4x higher than the previous quarter, resulting in its first profitable quarter as a public company.
The company achieved positive net income of $8.9 million & Adjusted EBITDA of $12.6 million driven by increased generator production & installation activity.
Construction began on schedule for the 366 MW El Paso Electric facility supporting Meta's data center campus, with completion expected in mid-2027.
ERock added supply chain visibility via a long block engine contract with HD Construction to enable expanded volumes through 2028.
A new Atlas manufacturing facility is expanding capacity by 900 MW/year, bringing total run-rate capacity to 2.1 GW/year by 2028.
Power system sales bookings exceeding $300 million were added after quarter close, pushing the contracted backlog to a record level of approximately $1.6 billion.
The company ended the quarter with $549 million in unrestricted cash, no outstanding debt, & an undrawn $250 million credit facility.
ERock reaffirmed its full-year 2026 guidance, projecting revenue between $435 million & $465 million, with Adjusted EBITDA between $3 million & $9 million.
Conference call to discuss results is scheduled for November 12, 2026, at 8:30 a.m. ET, with webcast & dial-in options available.
Financial metrics show total revenues growing 311.2% year-over-year for the three months ended September 30, 2026.
Gross margin improved to 22.9% in Q3 2026 from 9.0% in Q3 2025, while Adjusted Gross Margin reached 24.1%.
The company reported a net loss of $76 million for the nine months ended September 30, 2026, primarily due to prior period losses & one-time costs like debt extinguishment.