Flotek Industries Inc income statement
In fiscal 2025, Flotek Industries Inc reported revenue of $237m, up 26.9% on the year before, operating income of $23.2m (a 9.8% margin) and net income of $30.5m, or $0.84 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 113 | 147 | 259 | 313 | 371 | 449 | 334 | 188 | 243 | 178 | 119 | 53 | 43 | 136 | 188 | 187 | 237 | 293 |
| Cost of revenue | 83 | 94 | 153 | 181 | 224 | 189 | 172 | 170 | 215 | — | — | 82 | 40 | 143 | 164 | 148 | 177 | 221 |
| Gross profit | 29 | 53 | 106 | 132 | 148 | 131 | 96 | 91 | 28 | — | — | −29 | 3 | −7 | 24 | 39 | 60 | 72 |
| Research and development | 2 | 1 | 2 | 3 | 4 | 5 | 7 | 9 | 13 | 10 | 9 | 7 | 6 | 4 | 2 | 2 | 2 | 2 |
| Selling, general and administrative | 37 | 42 | 51 | 66 | 78 | 61 | 70 | 44 | 41 | 31 | 28 | 23 | 20 | 27 | 28 | 25 | 28 | 30 |
| Operating income | −33 | −6 | 49 | 59 | 59 | 59 | 12 | −17 | −10 | −70 | −76 | −144 | −31 | −35 | 23 | 12 | 23 | 38 |
| Interest expense | 16 | 19 | 16 | 8 | 2 | 1 | 2 | 2 | 2 | 3 | 2 | 0 | 0 | 7 | 3 | 1 | 4 | 5 |
| Income before tax | −48 | −49 | 39 | 45 | 57 | 57 | 11 | −7 | −11 | −81 | −76 | −143 | −31 | −42 | 25 | 11 | 20 | 32 |
| Income tax | 2 | −6 | 8 | −4 | 21 | 17 | 3 | −2 | 6 | −7 | 0 | −6 | −0 | −0 | 0 | 1 | −11 | −6 |
| Net income | −50 | −43 | 31 | 50 | 36 | 54 | −15 | −49 | −27 | −70 | −34 | −136 | −31 | −42 | 25 | 10 | 31 | 38 |
| Diluted EPS | −$16.08 | −$11.64 | $0.56 | $0.97 | $0.67 | $0.96 | −$0.24 | −$0.88 | −$0.47 | −$1.21 | −$3.30 | −$2.00 | −$0.42 | −$3.41 | −$0.10 | $0.34 | $0.84 | $0.99 |
| Diluted shares (average) | 3m | 4m | 8m | 9m | 9m | 9m | 9m | 9m | 10m | 10m | 10m | 11m | 12m | 12m | 28m | 31m | 36m | 38m |
| EBITDA | −19 | 8 | 59 | 70 | 74 | 66 | 21 | −9 | −1 | −61 | −67 | −140 | −30 | −35 | 24 | 13 | 25 | 40 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 50 | 51 | 55 | 58 | 56 | 68 | 70 | 99 |
| Cost of revenue | 41 | 38 | 43 | 44 | 38 | 52 | 55 | 76 |
| Gross profit | 9 | 12 | 12 | 14 | 18 | 15 | 16 | 24 |
| Research and development | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Selling, general and administrative | 6 | 7 | 6 | 7 | 7 | 8 | 7 | 8 |
| Operating income | 3 | 5 | 6 | 3 | 9 | 6 | 8 | 15 |
| Interest expense | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 3 | 5 | 5 | 2 | 8 | 5 | 6 | 14 |
| Income tax | 0 | 0 | 0 | 0 | −13 | 2 | 2 | 4 |
| Net income | 3 | 4 | 5 | 2 | 20 | 3 | 5 | 10 |
| Diluted EPS | $0.08 | $0.14 | $0.17 | $0.05 | $0.53 | $0.06 | $0.12 | $0.26 |
| EBITDA | 3 | 5 | 6 | 3 | 10 | 7 | 8 | 16 |
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