Earnings Releases·Nov 12, 2026, 7:48 AM ET

ERock — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged 311.2% YoY to $152.8 million and nearly 4x QoQ to $152.8 million, while net income turned profitable at $8.9 million versus a $19.8 million loss YoY and $67.7 million loss QoQ.
The company reaffirmed full-year 2026 guidance of $435–$465 million in revenue and $3–$9 million in Adjusted EBITDA, with management projecting continued growth in Q4.
Contracted Power System Sales Backlog reached a record $1.6 billion, driven by new bookings exceeding $300 million post-quarter and the initiation of construction on the 366 MW El Paso Electric facility for Meta.
The balance sheet strengthened significantly with $548.7 million in cash, zero outstanding debt, and a $490.6 million increase in contract liabilities, following a successful IPO that raised $554 million in net proceeds.
Strategic capacity expansion is underway with the new Atlas facility in Houston adding 900 MW/year, targeting 2.1 GW total annual capacity by 2028, alongside a long-term supply contract with HD Construction.