| Summary of Operational Results by Business Segments |
The tables below present our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements.
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2026 |
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
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Europe |
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All Other |
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Corporate |
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Total |
Revenues |
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$ |
166,027 |
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$ |
55,257 |
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$ |
39,281 |
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$ |
127,298 |
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$ |
13,597 |
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$ |
401,460 |
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Cost of revenues |
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137,721 |
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48,437 |
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33,931 |
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115,444 |
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9,463 |
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344,996 |
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Gross profit |
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28,306 |
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6,820 |
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5,350 |
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11,854 |
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4,134 |
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56,464 |
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Add: |
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Earnings from unconsolidated entities |
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95 |
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— |
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— |
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3 |
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— |
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— |
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98 |
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Less: |
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Selling, general and administrative expenses |
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13,853 |
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4,773 |
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1,250 |
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6,330 |
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3,432 |
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16,677 |
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46,315 |
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Unrealized loss (gain) on derivatives |
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2,072 |
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(160) |
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150 |
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— |
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— |
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(272) |
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1,790 |
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Interest expense and interest income, net |
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5,331 |
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|
914 |
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9,163 |
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964 |
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— |
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8,817 |
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25,189 |
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Other (income) expense |
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(155) |
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— |
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— |
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359 |
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2 |
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629 |
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835 |
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Income (loss) before income taxes |
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$ |
7,300 |
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$ |
1,293 |
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$ |
(5,213) |
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$ |
4,204 |
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$ |
700 |
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$ |
(25,851) |
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$ |
(17,567) |
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Other Non-cash Segment Disclosures: |
Depreciation and intangible asset amortization (1)
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10,852 |
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6,089 |
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11,312 |
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620 |
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26 |
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364 |
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29,263 |
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Amortization of debt discount & debt issuance costs (1)
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858 |
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168 |
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104 |
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25 |
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— |
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835 |
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1,990 |
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(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
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2025 |
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North America Regions |
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U.S. Federal |
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Renewable Fuels |
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Europe |
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All Other |
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Corporate |
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Total |
Revenues |
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$ |
178,260 |
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$ |
25,247 |
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$ |
38,175 |
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$ |
96,657 |
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$ |
14,490 |
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$ |
352,829 |
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Cost of revenues |
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155,204 |
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17,801 |
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29,861 |
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87,845 |
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10,199 |
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300,910 |
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Gross profit |
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23,056 |
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7,446 |
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8,314 |
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8,812 |
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4,291 |
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51,919 |
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Add: |
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Earnings from unconsolidated entities |
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21 |
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— |
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— |
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240 |
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— |
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— |
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261 |
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Less: |
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Selling, general and administrative expenses |
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12,709 |
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2,735 |
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684 |
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4,976 |
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3,459 |
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13,925 |
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38,488 |
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Unrealized loss on derivatives |
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409 |
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554 |
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372 |
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— |
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— |
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— |
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1,335 |
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Interest expense and interest income, net |
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4,202 |
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1,021 |
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8,194 |
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(35) |
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— |
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6,523 |
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19,905 |
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Other (income) expense |
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(2,376) |
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— |
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— |
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677 |
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1 |
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(1,432) |
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(3,130) |
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Income (loss) before income taxes |
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$ |
8,133 |
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$ |
3,136 |
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$ |
(936) |
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$ |
3,434 |
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$ |
831 |
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$ |
(19,016) |
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$ |
(4,418) |
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Other Non-cash Segment Disclosures: |
Depreciation and intangible asset amortization (1)
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10,356 |
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4,871 |
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7,700 |
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524 |
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30 |
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459 |
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23,940 |
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Amortization of debt discount & debt issuance costs (1)
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581 |
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178 |
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119 |
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— |
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— |
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573 |
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1,451 |
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(1) These amounts disclosed by reportable segment are included within the other segment expense captions.
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