Vulcan Infrastructure & Pwr Financials
This page shows Vulcan Infrastructure & Pwr (GREEL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Improvement in reported earnings came mainly from cost cuts and balance-sheet reshaping, while core cash generation remained weak.
FY2025’s net profit of$5.3M sits beside an operating loss of-$3.8M , so the year’s accounting profit did not come from the basic business. That reading is reinforced by operating cash flow staying negative at-$15.0M even as cash ended higher, which points to asset sales or other non-operating items doing the heavy lifting.
Across FY2023 to FY2025, revenue kept shrinking, but SG&A cuts from
The balance sheet became less burdened by long-term borrowing, with long-term debt falling from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Vulcan Infrastructure & Pwr's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vulcan Infrastructure & Pwr passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Vulcan Infrastructure & Pwr generates $-2.84 in operating cash flow (-$15.0M OCF vs $5.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Vulcan Infrastructure & Pwr earns $-0.9 in operating income for every $1 of interest expense (-$3.8M vs $4.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Vulcan Infrastructure & Pwr generated $58.8M in revenue in fiscal year 2025. This represents a decrease of 1.3% from the prior year.
Vulcan Infrastructure & Pwr's EBITDA was $8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 296.4% from the prior year.
Vulcan Infrastructure & Pwr reported $5.3M in net income in fiscal year 2025. This represents an increase of 126.7% from the prior year.
Vulcan Infrastructure & Pwr earned $0.34 per diluted share (EPS) in fiscal year 2025. This represents an increase of 118.1% from the prior year.
Cash & Balance Sheet
Vulcan Infrastructure & Pwr held $19.6M in cash against $43.1M in long-term debt as of fiscal year 2025.
Vulcan Infrastructure & Pwr had 16M shares outstanding in fiscal year 2025. This represents an increase of 21.3% from the prior year.
Margins & Returns
Vulcan Infrastructure & Pwr's operating margin was -6.5% in fiscal year 2025, reflecting core business profitability. This is up 12.8 percentage points from the prior year.
Vulcan Infrastructure & Pwr's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 42.2 percentage points from the prior year.
Capital Allocation
GREEL Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.8M+81.9% | $11.5M-24.7% | $15.2M+18.3% | $12.9M-33.2% | $19.2M+30.1% | $14.8M+19.8% | $12.4M-5.4% | $13.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.9M+10.3% | $3.5M+15.6% | $3.1M-1.2% | $3.1M+11.9% | $2.8M-29.6% | $3.9M+5.9% | $3.7M-12.3% | $4.2M |
| Operating Income | -$4.6M-370.1% | $1.7M+454.3% | $304K+109.0% | -$3.4M-42.1% | -$2.4M-82.2% | -$1.3M+71.8% | -$4.7M-23.7% | -$3.8M |
| Interest Expense | $167K-5.1% | $176K-27.9% | $244K-67.8% | $758K-73.5% | $2.9M+73.6% | $1.6M-10.2% | $1.8M+1.5% | $1.8M |
| Income Tax | $0+100.0% | -$435K | $0+100.0% | -$34K-240.0% | -$10K-120.4% | $49K+141.5% | -$118K | $0 |
| Net Income | -$4.6M-252.3% | $3.0M-74.8% | $12.0M+390.4% | -$4.1M+26.0% | -$5.6M-42.4% | -$3.9M+38.7% | -$6.4M-14.3% | -$5.6M |
| EPS (Diluted) | $-0.29 | N/A | $0.75+377.8% | $-0.27+32.5% | $-0.40 | N/A | $-0.60-7.1% | $-0.56 |
GREEL Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $46.1M-13.9% | $53.6M+5.9% | $50.6M-4.2% | $52.8M-7.0% | $56.7M-12.6% | $64.9M+8.3% | $59.9M-4.7% | $62.9M |
| Current Assets | $29.5M-15.1% | $34.8M+59.7% | $21.8M+18.3% | $18.4M-10.1% | $20.5M-23.5% | $26.8M+28.7% | $20.8M+17.9% | $17.7M |
| Cash & Equivalents | $7.1M-64.0% | $19.6M+158.2% | $7.6M+123.2% | $3.4M-30.4% | $4.9M-43.4% | $8.6M+13.9% | $7.6M-26.2% | $10.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $930K-52.4% | $2.0M+205.8% | $639K-48.3% | $1.2M+192.0% | $423K-71.7% | $1.5M+23.2% | $1.2M+555.1% | $185K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $96.3M-3.6% | $99.9M-0.1% | $100.0M-12.3% | $114.0M-0.9% | $115.0M-4.7% | $120.6M+2.3% | $117.9M+2.6% | $115.0M |
| Current Liabilities | $59.5M-5.5% | $63.0M+157.4% | $24.5M+39.8% | $17.5M+20.0% | $14.6M-24.6% | $19.3M+13.8% | $17.0M+17.7% | $14.4M |
| Long-Term Debt | N/A | $43.1M-6.0% | $45.8M-27.5% | $63.3M-5.8% | $67.2M-1.3% | $68.1M-2.1% | $69.5M+0.4% | $69.2M |
| Total Equity | -$50.2M-8.4% | -$46.3M+6.3% | -$49.4M+19.3% | -$61.2M-5.1% | -$58.2M-4.5% | -$55.8M+4.0% | -$58.0M-11.4% | -$52.1M |
| Retained Earnings | -$389.0M-1.2% | -$384.5M+0.8% | -$387.5M+3.0% | -$399.4M-1.0% | -$395.3M-1.4% | -$389.7M-1.0% | -$385.8M-1.7% | -$379.5M |
GREEL Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.4M-148.4% | -$4.6M-3925.8% | $120K+102.5% | -$4.8M+16.2% | -$5.7M-54.9% | -$3.7M-99.7% | -$1.9M-28.9% | -$1.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$143K-100.8% | $18.6M+84.1% | $10.1M+70.7% | $5.9M+197.5% | $2.0M+265.1% | $544K+164.9% | -$838K+68.3% | -$2.6M |
| Financing Cash Flow | -$975K+51.0% | -$2.0M+67.0% | -$6.0M-132.3% | -$2.6M | $0-100.0% | $4.2M | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GREEL Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -21.8%-36.6pp | 14.7%+12.7pp | 2.0%+28.4pp | -26.4%-14.0pp | -12.4%-3.6pp | -8.9%+28.8pp | -37.7%-8.8pp | -28.8% |
| Net Margin | -22.0%-48.3pp | 26.3%-52.3pp | 78.6%+110.6pp | -32.0%-3.1pp | -28.9%-2.5pp | -26.4%+25.1pp | -51.5%-8.9pp | -42.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -9.9%-15.6pp | 5.6%-18.0pp | 23.6%+31.5pp | -7.8%+2.0pp | -9.8%-3.8pp | -6.0%+4.6pp | -10.6%-1.8pp | -8.9% |
| Current Ratio | 0.50-0.1 | 0.55-0.3 | 0.89-0.2 | 1.05-0.4 | 1.41+0.0 | 1.39+0.2 | 1.220.0 | 1.22 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$46.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Vulcan Infrastructure & Pwr's annual revenue?
Vulcan Infrastructure & Pwr (GREEL) reported $58.8M in total revenue for fiscal year 2025. This represents a -1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vulcan Infrastructure & Pwr's revenue growing?
Vulcan Infrastructure & Pwr (GREEL) revenue declined by 1.3% year-over-year, from $59.5M to $58.8M in fiscal year 2025.
Is Vulcan Infrastructure & Pwr profitable?
Yes, Vulcan Infrastructure & Pwr (GREEL) reported a net income of $5.3M in fiscal year 2025, with a net profit margin of 9.0%.
What is Vulcan Infrastructure & Pwr's EBITDA?
Vulcan Infrastructure & Pwr (GREEL) had EBITDA of $8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vulcan Infrastructure & Pwr have?
As of fiscal year 2025, Vulcan Infrastructure & Pwr (GREEL) had $19.6M in cash and equivalents against $43.1M in long-term debt.
What is Vulcan Infrastructure & Pwr's operating margin?
Vulcan Infrastructure & Pwr (GREEL) had an operating margin of -6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vulcan Infrastructure & Pwr's net profit margin?
Vulcan Infrastructure & Pwr (GREEL) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vulcan Infrastructure & Pwr's operating cash flow?
Vulcan Infrastructure & Pwr (GREEL) generated -$15.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vulcan Infrastructure & Pwr's total assets?
Vulcan Infrastructure & Pwr (GREEL) had $53.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vulcan Infrastructure & Pwr's current ratio?
Vulcan Infrastructure & Pwr (GREEL) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vulcan Infrastructure & Pwr's return on assets (ROA)?
Vulcan Infrastructure & Pwr (GREEL) had a return on assets of 9.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vulcan Infrastructure & Pwr's cash runway?
Based on fiscal year 2025 data, Vulcan Infrastructure & Pwr (GREEL) had $19.6M in cash against an annual operating cash burn of $15.0M. This gives an estimated cash runway of approximately 16 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Vulcan Infrastructure & Pwr's debt-to-equity ratio negative or not reported?
Vulcan Infrastructure & Pwr (GREEL) has negative shareholder equity of -$46.3M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Vulcan Infrastructure & Pwr's Piotroski F-Score?
Vulcan Infrastructure & Pwr (GREEL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vulcan Infrastructure & Pwr's earnings high quality?
Vulcan Infrastructure & Pwr (GREEL) has an earnings quality ratio of -2.84x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vulcan Infrastructure & Pwr cover its interest payments?
Vulcan Infrastructure & Pwr (GREEL) has an interest coverage ratio of -0.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vulcan Infrastructure & Pwr?
Vulcan Infrastructure & Pwr (GREEL) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.