Revenue surged to $9.3 million in 2026Q1, supporting an operating margin of 39.6% as the company scales its Italian natural gas production.
| Sales/Revenue | 33.73M | 25.04M | 1.42M | 0 | 0 |
| Revenue Growth % | 1533.93% | 1663.04% | - | - | - |
| Cost of Goods Sold | 9.75M | 9.26M | 1.18M | 0 | 2.13K |
| COGS % of Revenue | - | 36.99% | 82.86% | - | - |
| Gross Profit | 23.98M | 15.77M | 243.34K | 0 | -2.13K |
| Gross Margin % | 71.1% | 63.01% | 17.14% | - | - |
| Gross Profit Growth % | - | 6382.61% | - | 100% | - |
| Operating Expenses | 13.76M | 12.87M | 14.8M | 5.77M | 2.35M |
| OpEx % of Revenue | - | 51.42% | 1041.95% | - | - |
| Selling, General & Admin | 11.11M | 9.66B | 6.26M | 5.63M | 2M |
| SG&A % of Revenue | - | 38603.43% | 441.12% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 2.07M | -9.65B | 8.53M | 133.24K | 347.02K |
| Operating Income | 10.22M | 2.9M | -14.55M | -5.77M | -2.35M |
| Operating Margin % | 30.31% | 11.59% | -1024.81% | - | - |
| Operating Income Growth % | - | 119.95% | -152.33% | -145.02% | - |
| EBITDA | 13.65M | 5.84M | -14.34M | -5.06M | -2.35M |
| EBITDA Margin % | 40.46% | 23.31% | -1009.78% | - | - |
| EBITDA Growth % | 182.36% | 140.7% | -183.46% | -115.1% | - |
| D&A (Non-Cash Add-back) | 3.43M | 2.93M | 213.51K | 0 | 2.13K |
| EBIT | 10.37M | 2.9M | -6.15M | -5.06M | -2.13M |
| Net Interest Income | 1.15M | 1.24M | 1.95M | -102.04K | 0 |
| Interest Income | 1.15M | 1.24M | 1.95M | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 102.04K | 0 |
| Other Income/Expense | 1.15M | 1.24M | 2.12M | 606.83K | -929.16K |
| Pretax Income | 11.37M | 4.15M | -12.43M | -5.16M | -3.28M |
| Pretax Margin % | 33.7% | 16.56% | -875.42% | - | - |
| Income Tax | 874.27K | 1.26M | 0 | 0 | 0 |
| Effective Tax Rate % | 7.69% | 30.48% | 0% | 0% | 0% |
| Net Income | 5.88M | 1.8M | -12.34M | -5.16M | -3.28M |
| Net Margin % | 17.43% | 7.19% | -869.25% | - | - |
| Net Income Growth % | 143.46% | 114.58% | -139.19% | -57.19% | - |
| Net Income (Continuing) | 9.62M | 2.88M | -12.43M | -5.16M | -3.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 24.13M | 23.22M | 19.89M | 0 | 0 |
| EPS (Diluted) | 0.14 | 0.04 | -4.39 | -1.44 | -0.72 |
| EPS Growth % | 108.74% | 101.01% | -204.86% | -100% | - |
| EPS (Basic) | - | 0.04 | -4.39 | -1.44 | -0.72 |
| Diluted Shares Outstanding | 40.66M | 40.63M | 38.29M | 40.56M | 40.56M |
| Basic Shares Outstanding | 40.66M | 40.63M | 38.29M | 40.56M | 40.56M |
| Dividend Payout Ratio | - | - | - | - | - |
Italian Regulatory Policy Volatility
As reported in recent quarterly filings, AleAnna's revenue trajectory has shifted from negligible levels to $9.3 million in 2026Q1, reflecting a successful transition from exploration to active production that suggests the company is finally capturing the value of its long-held Italian onshore conventional gas concessions.
The rapid revenue expansion appears to be a function of bringing new wells online rather than organic price-driven growth. Investors should monitor whether this production volume can be sustained or if the current growth rate is merely a temporary spike following the initial commissioning of major assets.
Based on the provided financial statements, AleAnna's gross margin has fluctuated significantly, reaching a peak of 86.8% in 2025Q2 before settling at 77.4% in 2026Q1, which indicates that the company's profitability is highly sensitive to the timing of production cycles and operational cost recognition.
The wide variance in gross margins suggests that the company's cost structure is not yet fully optimized for consistent output. While the current levels are competitive with peers, the lack of stability implies that operational leverage may be vulnerable to unexpected maintenance or regulatory-driven production interruptions.
According to the income statement data, AleAnna has successfully converted revenue growth into positive operating income, with margins reaching 39.6% in 2026Q1, suggesting that the company is beginning to achieve the necessary scale to cover its fixed administrative overheads in the Italian market.
The improvement in operating margins from negative territory in 2024 indicates that the company's cost discipline is finally aligning with its production capacity. However, the significant gap between gross and operating margins warrants further investigation into whether corporate overhead remains disproportionately high relative to current production volumes.
Based on the reported figures, AleAnna's net income has turned positive, yet the quality of these earnings appears inconsistent, as evidenced by the massive $774.2 million stock-based compensation charge in 2025Q4 that significantly distorted the bottom-line results for that specific reporting period.
The presence of such large, non-recurring charges suggests that investors should focus on normalized operating income to gauge the true underlying profitability of the business. The current net margin of 22.2% in 2026Q1 appears more representative of the company's potential, provided that future compensation structures remain more predictable.
Quick answers to the most common questions about buying ANNA stock.
For fiscal year 2025, AleAnna, Inc. (ANNA) reported total revenue of $25.0M.
AleAnna, Inc. (ANNA) is profitable, generating $1.8M in net income for the fiscal year ending 2025 with a net profit margin of 7.2%.
AleAnna, Inc. (ANNA) reported an operating income of $2.9M, resulting in an operating profit margin of 11.6%. This margin reflects the operational efficiency of the business before interest and taxes.
AleAnna, Inc. (ANNA) generated $15.8M in gross profit for the year, representing a gross profit margin of 63.0%. This demonstrates the company's core pricing power and production efficiency.