ERock IPO: revenue, losses and offering terms from its S-1
ERock priced its IPO at $21.5 a share on 10 Jun 2026 and raised $600 million. Its shares trade on NYSE as EROC. Revenue was $183 million in 2025, up 43% from 2024, with a net loss of $59.0 million.
Headlines
- Revenue, 2025
- $183M
- Up 43% on the year before
- Net loss, 2025
- $59M
- Revenue, First quarter of 2026
- $32M
- Up 32% on a year earlier
- IPO price
- $21.5
- $600M raised
ERock IPO terms
From the final prospectus (424B4).
- Exchange
- New York Stock Exchange
- Ticker
- EROC
- IPO price
- $21.5
- Shares offered
- 27,906,977
- Raised
- $600M
- Registered
- $738M, the amount the filing fee is paid on
- Underwriters
- Morgan Stanley and J.P. Morgan
- First filed
- 15 May 2026
ERock revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $128M | - | -$57M |
| 2025 | $183M | -$35M | -$59M |
| First quarter of 2025 | $24M | - | - |
| First quarter of 2026 | $32M | -$16M | -$17M |
ERock share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class B: 1 vote
- Employees
- 440
- Headquarters
- Houston, Texas
ERock shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $21.5
- Priced 10 Jun 2026
- First close
- $18.75
- -13% on the IPO price
- Latest close
- $8.45
- -61% on the IPO price
ERock's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from ERock's newest prospectus (424B4 filed 10 Jun 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.