Mammoth Reports Q1 Revenue of $22.0M

Reports Q1 revenue $22.0M vs. $9.5M last year. Q1 adjusted EBITDA from continuing operations was $1.9M for ($2.3M) for 1Q25 and ($6.8M) for 4Q25.CFO Mark Layton commented, "Q1 is a meaningful step forward for Mammoth and reflects the work we've been doing over the past several quarters to reposition the business. We've simplified the portfolio, allocated capital towards high returns businesses, and taken meaningful cost out of the structure - and we're starting to see that come through in the results...Our balance sheet remains a real point of strength. We ended the quarter debt-free with approximately $125M of cash, cash equivalents and marketable securities, which gives us flexibility both to invest in the business and return capital to shareholders. During the quarter, we began executing on our share repurchase program for the first time since it was authorized, and we expect to remain opportunistic going forward. Based on the progress we're seeing, we are raising our 2026 outlook, including now expecting to reach full-year Adjusted EBITDA positive in 2026. There's still work to do, but the business is moving in the right direction and we're focused on continuing to execute."