GRIID Infrastructure Inc. financial data

Symbol
GRDI, GRDIW on Nasdaq
Industry
Finance Services
Location
2577 Duck Creek Road, Cincinnati, OH
State of incorporation
DE
Fiscal year end
December 31
Former names
Adit EdTech Acquisition Corp. (to 12/29/2023)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 7.56 % -14.1%
Debt-to-equity -174 % -204%
Return On Equity -50.9 % -145%
Return On Assets 58.5 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 71.9M shares +708%
Common Stock, Shares, Outstanding 71.9M shares +942%
Entity Public Float 26.1M USD -90.4%
Common Stock, Value, Issued 7K USD +914%
Weighted Average Number of Shares Outstanding, Basic 70.9M shares +30.8%
Weighted Average Number of Shares Outstanding, Diluted 70.9M shares +30.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 4.71M USD -0.91%
General and Administrative Expense 1.05M USD +43.6%
Costs and Expenses 10.8M USD +27.7%
Operating Income (Loss) -15.7M USD +36.2%
Nonoperating Income (Expense) 48.4M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 32.7M USD
Income Tax Expense (Benefit) 11.1M USD
Net Income (Loss) Attributable to Parent 21.6M USD
Earnings Per Share, Basic 0.32 USD/shares
Earnings Per Share, Diluted 0.32 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 274K USD -56.4%
Assets, Current 2.61M USD +2195%
Property, Plant and Equipment, Net 31.9M USD
Operating Lease, Right-of-Use Asset 2.14M USD
Assets 41.6M USD +57.3%
Accounts Payable, Current 11.9M USD
Employee-related Liabilities, Current 1.63M USD
Accrued Liabilities, Current 10M USD
Liabilities, Current 70.5M USD +803%
Deferred Income Tax Liabilities, Net 2.27M USD
Operating Lease, Liability, Noncurrent 2.01M USD -9.72%
Liabilities 75.5M USD +397%
Retained Earnings (Accumulated Deficit) -89.2M USD -486%
Stockholders' Equity Attributable to Parent -33.9M USD +69.3%
Liabilities and Equity 41.6M USD +57.3%

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 71.9M shares +942%
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 597K USD -37.3%
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 2.22M USD -9.34%
Depreciation 943K USD -38.5%
Payments to Acquire Property, Plant, and Equipment 364K USD +1483%
Lessee, Operating Lease, Liability, to be Paid 2.98M USD -12.3%
Property, Plant and Equipment, Gross 49.1M USD
Operating Lease, Liability, Current 216K USD -5.68%
Lessee, Operating Lease, Liability, to be Paid, Year Two 367K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One 371K USD 0%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 758K USD -19.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 412K USD 0%
Deferred Tax Assets, Operating Loss Carryforwards 453K USD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 412K USD 0%
Operating Lease, Payments 99K USD -7.48%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 1.09M USD -30.4%
Deferred Tax Assets, Net of Valuation Allowance 747K USD +27.5%
Interest Expense 34.2M USD -2.62%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%