SLNG

MKT CAP:$69M

Stabilis Solutions, Inc.

Market Cap

$69M

Energy·Oil & Gas Integrated·🇺🇸 United States·NASDAQ

Energy·Oil & Gas Integrated·🇺🇸·NASDAQ

Stock Price

$3.65-$0.93 (-20.31%)

Apr 24, 2026

Company Details

Stabilis Solutions, Inc., together with its subsidiaries, provides small-scale liquefied natural gas (LNG) production, distribution, and fueling services to various end markets in North America. It operates in two segments, LNG and Power De...

CEO

J. Casey Crenshaw

IPO Date

May 16, 2007

Website

stabilis-solutions.com

Key Metrics TTM

Revenue

$68M

-6.9% YoY

Net Income

-$1M

EPS (Diluted)

-$0.07

Free Cash Flow

$949.0K

Revenue / Share

$3.67

Gross Margin

18.3%

Operating Margin

-3.4%

Net Margin

-2.0%

FCF Margin

1.4%

P/S

1.0x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 5, 2026

$68M-6.9%EPS -$0.07

Q4 2025

Mar 5, 2026

$13M-23.3%EPS -$0.01

Q3 2025

Nov 5, 2025

$20M+15.3%EPS $0.06

Q2 2025

Aug 6, 2025

$17M-6.9%EPS -$0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$14M	$2M	-$119.0K
Q1 21	$18M	$3M	$355.0K
Q2 21	$16M	$1M	-$2M
Q4 21	$24M	$2M	-$2M
Q1 23	$27M	$5M	$1M
Q2 23	$13M	$330.0K	-$2M
Q3 23	$15M	$3M	-$476.0K
Q4 23	$18M	$4M	$700.0K
Q1 24	$20M	$4M	$1M
Q2 24	$19M	$3M	$103.0K
Q3 24	$18M	$5M	$267.0K
Q4 24	$17M	$3M	$2M
Q1 25	$17M	$3M	-$2M
Q2 25	$17M	$3M	-$466.0K
Q3 25	$20M	$6M	$1M
Q4 25	$13M	$2M	-$839.0K

Valuation

Quarter	P/S	P/E
Q4 20	1.7x	—
Q1 21	1.5x	—
Q2 21	1.2x	—
Q4 21	1.0x	—
Q1 23	0.8x	—
Q2 23	0.9x	—
Q3 23	0.9x	—
Q4 23	0.9x	550.4x
Q1 24	1.0x	134.9x
Q2 24	1.0x	25.4x
Q3 24	0.9x	17.6x
Q4 24	0.9x	15.0x
Q1 25	1.0x	44.9x
Q2 25	1.0x	77.1x
Q3 25	1.0x	67.9x
Q4 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	-$1M	-$2M
Q1 21	$3M	$2M
Q2 21	$48.0K	-$6M
Q4 21	-$572.0K	-$1M
Q1 23	$93.0K	-$4M
Q2 23	$4M	$2M
Q3 23	$1M	-$2M
Q4 23	$1M	$62.0K
Q1 24	$4M	$3M
Q2 24	$5M	$4M
Q3 24	$3M	$1M
Q4 24	$2M	-$3M
Q1 25	$1M	$1M
Q2 25	$5M	$4M
Q3 25	$2M	-$1M
Q4 25	$669.0K	-$2M

Capital Expenditures

Quarter	CapEx
Q4 20	$441.0K
Q1 21	$298.0K
Q2 21	$6M
Q4 21	$865.0K
Q1 23	$4M
Q2 23	$1M
Q3 23	$4M
Q4 23	$1M
Q1 24	$873.0K
Q2 24	$1M
Q3 24	$1M
Q4 24	$6M
Q1 25	$0
Q2 25	$635.0K
Q3 25	$4M
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	+9.6%	+8.4%
Q1 21	+27.6%	+18.2%
Q2 21	+220.8%	+120.1%
Q4 21	+163.3%	+133.4%
Q1 23	+96.1%	+84.5%
Q2 23	-26.9%	-11.1%
Q3 23	-4.6%	-10.6%
Q4 23	-24.0%	-31.7%
Q1 24	-26.3%	-27.8%
Q2 24	+44.1%	+20.1%
Q3 24	+15.1%	+9.9%
Q4 24	-4.2%	-9.7%
Q1 25	-12.3%	+5.5%
Q2 25	-6.9%	-3.9%
Q3 25	+15.3%	+10.9%
Q4 25	-23.3%	-9.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$186.0K	1.4%
Q1 21	$162.0K	0.9%
Q2 21	$122.0K	0.8%
Q4 21	$502.0K	2.1%
Q1 23	$589.0K	2.2%
Q2 23	$593.0K	4.6%
Q3 23	$500.0K	3.3%
Q4 23	$387.0K	2.1%
Q1 24	$383.0K	1.9%
Q2 24	$408.0K	2.2%
Q3 24	$293.0K	1.7%
Q4 24	$82.0K	0.5%
Q1 25	$447.0K	2.6%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 20	$3M
Q1 21	$3M
Q2 21	$3M
Q4 21	$4M
Q1 23	$3M
Q2 23	$3M
Q3 23	$3M
Q4 23	$3M
Q1 24	$3M
Q2 24	$3M
Q3 24	$3M
Q4 24	$2M
Q1 25	$5M
Q2 25	$3M
Q3 25	$3M
Q4 25	$2M

Revenue Segments

Quarter	Natural Gas, Gathering, Transportation, Marketing and Processing	Power Delivery	Product and Service, Other	Rental Service	Service	Rental
Q4 20	$9M	$2M	$477.0K	$2M	$535.0K	—
Q1 21	$12M	$2M	$796.0K	$3M	$242.0K	—
Q2 21	$12M	$2M	$259.0K	$2M	$381.0K	—
Q4 21	$18M	$3M	$166.0K	$3M	$330.0K	—
Q1 23	$22M	—	$624.0K	—	$2M	$2M
Q2 23	$11M	—	$176.0K	—	$1M	$1M
Q3 23	$12M	—	$285.0K	—	$2M	$1M
Q4 23	$14M	—	$416.0K	—	$2M	$2M
Q1 24	$15M	—	$260.0K	—	$2M	$2M
Q2 24	$15M	—	$597.0K	—	$2M	$2M
Q3 24	$14M	—	$76.0K	—	$2M	$2M
Q1 25	$14M	—	$137.0K	—	$2M	$2M
Q2 25	$15M	—	$216.0K	—	$1M	$1M
Q3 25	$18M	—	$180.0K	—	$1M	$1M
Q4 25	$11M	—	$134.0K	—	$897.0K	$1M

Revenue by Geography

Quarter	Brazil	Mexico	United States
Q1 21	$2M	$2M	$15M
Q2 21	$2M	$2M	$12M
Q4 21	$3M	$4M	$17M
Q1 23	—	$3M	$24M
Q2 23	—	$2M	$11M
Q3 23	—	$2M	$14M
Q4 23	—	$2M	$17M
Q1 24	—	$1M	$19M
Q2 24	—	$1M	$17M
Q3 24	—	$1M	$17M
Q1 25	—	$815.0K	$17M
Q2 25	—	$874.0K	$16M
Q3 25	—	$929.0K	$19M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3M	$0	$3M
Q2 22	$4M	$0	$4M
Q3 22	$11M	$0	$11M
Q4 22	$11M	$0	$11M
Q1 23	$7M	$0	$7M
Q2 23	$8M	$0	$8M
Q3 23	$5M	$0	$5M
Q4 23	$5M	$0	$5M
Q1 24	$8M	$0	$8M
Q2 24	$11M	$0	$11M
Q3 24	$12M	$0	$12M
Q4 24	$9M	$0	$9M
Q1 25	$9M	$0	$9M
Q2 25	$12M	$0	$12M
Q3 25	$10M	$0	$10M
Q4 25	$7M	$0	$7M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	17M	0.0%	+0.6%
Q1 21	17M	0.0%	+0.5%
Q2 21	17M	+1.4%	+1.4%
Q4 21	18M	+6.2%	+7.7%
Q1 23	19M	+1.8%	+9.6%
Q2 23	18M	-0.3%	+9.3%
Q3 23	19M	+0.3%	+8.1%
Q4 23	19M	+0.3%	+2.1%
Q1 24	19M	+0.0%	+0.3%
Q2 24	19M	+0.1%	+0.7%
Q3 24	20M	+7.3%	+7.7%
Q4 24	19M	-6.8%	+0.1%
Q1 25	19M	0.0%	+0.0%
Q2 25	19M	+0.1%	+0.0%
Q3 25	19M	0.0%	-6.7%
Q4 25	19M	0.0%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$51.1K	268
Q1 21	$65.9K	268
Q2 21	$59.9K	268
Q4 21	$81.0K	293
Q1 23	$268.4K	100
Q2 23	$129.1K	100
Q3 23	$153.2K	100
Q4 23	$173.5K	104
Q1 24	$190.1K	104
Q2 24	$178.8K	104
Q3 24	$169.5K	104
Q4 24	$166.3K	104
Q1 25	$166.7K	104
Q2 25	$166.4K	104
Q3 25	$195.4K	104
Q4 25	$156.2K	85

Revenue / Employee