ERock(NYSE) EROC

ERock, Inc. helps companies keep power running during grid failures. It builds modular systems that use clean-burning natural gas. These systems support data centers and utilities across nine states.

What Does ERock Build?

• Power System Products: Modular natural gas generators called RockBlock that scale in 0.5 megawatt increments; generated $16.2 million in the three-month period ended June 30, 2026.
• Installation Services: Design and construction of distributed generation systems for data centers and industrial sites; contributed $10.4 million in the three-month period ended June 30, 2026.
• Ongoing Services: Maintenance, asset management, and market participation services for commissioned power systems; provided $13.4 million in the three-month period ended June 30, 2026.
• Software Ecosystem: Proprietary Granite software embedded in power systems to monitor data and improve operating reliability.

Recent Strategic Moves

• Completed an initial public offering on June 11, 2026.
• Entered a three-year senior secured asset-based revolving credit facility for up to $250.0 million in June 2026.
• Transitioned the assembly of generators in-house at the Houston-based Titan facility in 2025.
• Developed the Hyperion facility to increase manufacturing capacity starting in the second half of 2026.

Reliability at Scale

The company manages 1,104 megawatts of operational capacity through its proprietary modular power systems across nine states. It uses a vertically integrated model to handle everything from engine assembly to long-term maintenance.

Key Financial Metrics

• Total revenues were $39.9 million in the three-month period ended June 30, 2026, down 41.7% year over year.
• Net loss was $67.7 million in the three-month period ended June 30, 2026, compared to a loss of $8.0 million in the same prior-year period.
• Contracted power system sales backlog reached $1.7 billion as of June 30, 2026, an increase of $1.5 billion from June 30, 2025.
• Annualized recurring service revenue was $23.6 million as of June 30, 2026, up 17.7% year over year.

Bottom Line

The company has transitioned from a private holding company to a public manufacturer of modular energy systems. Its shift toward in-house production and long-term service contracts supports its growth in the data center market.