Prairie Operating Co (PROP) FinancialsPROPPrairie Operating Co

Prairie Operating Co (PROP) generates its revenue primarily from Cryptocurrency Mining, which accounts for 100.0% of total sales, equivalent to $908.52K. Understanding this concentration is critical for investors evaluating how PROP navigates market cycles within the Oil & Gas Exploration and Production industry.

Evaluating the bottom line, Prairie Operating Co maintains a gross margin of 55.07%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 31.48%, while the net margin is -183.02%. These profitability ratios, combined with a Return on Equity (ROE) of -823.56%, provide a clear picture of how effectively PROP converts its operational activities into shareholder value.

In the context of the broader market, PROP competes directly with industry leaders such as INDO and EONR. With a market capitalization of $63.00M, it holds a leading position in the sector. When comparing efficiency, PROP's gross margin of 55.07% stands against INDO's 100.00% and EONR's 100.00%. Such benchmarking helps identify whether Prairie Operating Co is trading at a premium or discount relative to its financial performance.

Prairie Operating Co has shown a significant recovery in its financials, with a net income of $193.79 million for Q2 and a gross margin of 55.07%. The company has also improved its capital structure by reducing preferred stock, which enhances its financial position.