GRIID Infrastructure Inc. financial data

Symbol
ADEX, ADEX-UN, ADEX-WT on NYSE
Industry
Services-Computer Processing & Data Preparation
Location
2577 Duck Creek Road, Cincinnati, Ohio
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Adit EdTech Acquisition Corp. (to 12/29/2023)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 11.3 % +3.87%
Debt-to-equity -156 % -88.7%
Return On Equity 36.8 % -73.3%
Return On Assets -41.9 % +11.2%
Operating Margin -59.3 % +32.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 69.9M shares +646%
Common Stock, Shares, Outstanding 69.9M shares +913%
Entity Public Float 26.1M USD -90.4%
Common Stock, Value, Issued 7K USD +914%
Weighted Average Number of Shares Outstanding, Basic 67.7M shares +25.7%
Weighted Average Number of Shares Outstanding, Diluted 67.7M shares +25.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 5.82M USD +30.6%
General and Administrative Expense 1.3M USD +98.9%
Costs and Expenses 9.87M USD +19.3%
Operating Income (Loss) -13.1M USD +40%
Nonoperating Income (Expense) 1.83M USD +57.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -11.2M USD +84.8%
Income Tax Expense (Benefit) 2.67M USD -605%
Net Income (Loss) Attributable to Parent -13.9M USD +81.2%
Earnings Per Share, Basic -0.23 USD/shares +85%
Earnings Per Share, Diluted -0.23 USD/shares +85%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 754K USD -60.2%
Assets, Current 2.99M USD +176%
Property, Plant and Equipment, Net 32.1M USD
Operating Lease, Right-of-Use Asset 2.2M USD
Assets 42.2M USD +57.7%
Accounts Payable, Current 11.4M USD
Employee-related Liabilities, Current 1.53M USD
Accrued Liabilities, Current 6.51M USD
Liabilities, Current 21.7M USD +190%
Deferred Income Tax Liabilities, Net 3.14M USD
Operating Lease, Liability, Noncurrent 2.06M USD
Liabilities 103M USD +593%
Retained Earnings (Accumulated Deficit) -114M USD -688%
Stockholders' Equity Attributable to Parent -60.6M USD +39.1%
Liabilities and Equity 42.2M USD +57.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -9.16M USD -62.6%
Net Cash Provided by (Used in) Financing Activities 4.42M USD +30.9%
Net Cash Provided by (Used in) Investing Activities 2.65M USD -24.6%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 69.9M shares +913%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.1M USD -268%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.08M USD -51.4%
Deferred Tax Assets, Valuation Allowance 21K USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 768K USD +31.1%
Operating Lease, Liability 2.28M USD
Depreciation 1.09M USD -30.4%
Payments to Acquire Property, Plant, and Equipment 364K USD +1483%
Lessee, Operating Lease, Liability, to be Paid 3.08M USD
Property, Plant and Equipment, Gross 48.3M USD
Operating Lease, Liability, Current 219K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 367K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 371K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Deferred Income Tax Expense (Benefit) 4.06M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 803K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 412K USD
Deferred Tax Assets, Operating Loss Carryforwards 453K USD
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 3.44M USD
Current Income Tax Expense (Benefit) -1K USD
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 412K USD
Operating Lease, Payments 104K USD +0.97%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 52K USD
Current Federal Tax Expense (Benefit) -53K USD -107%
Depreciation, Depletion and Amortization 1.09M USD -30.4%
Deferred Tax Assets, Net of Valuation Allowance 747K USD +27.5%
Deferred State and Local Income Tax Expense (Benefit) 622K USD
Interest Expense 34.4M USD +5.48%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%