Select Water Solutions, Inc. balance sheet
At the end of fiscal 2025, Select Water Solutions, Inc. had total assets of $1.60bn, total liabilities of $669m and shareholders' equity of $806m. It held $18.1m in cash against $320m of debt.
Balance sheet
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 40 | 40 | 3 | 17 | 79 | 169 | 86 | 7 | 57 | 20 | 18 | 33 |
| Receivables | — | 76 | 374 | 342 | 268 | 129 | 233 | 430 | — | — | — | — |
| Inventory | — | 1 | 45 | 45 | 38 | 33 | 44 | 41 | 39 | 38 | 34 | 48 |
| Total current assets | — | 125 | 447 | 432 | 416 | 352 | 395 | 518 | 454 | 385 | 354 | 436 |
| Goodwill | 151 | 12 | 273 | 274 | 267 | — | — | — | 5 | 18 | 48 | 48 |
| Total assets | — | 405 | 1,356 | 1,361 | 1,348 | 875 | 950 | 1,223 | 1,218 | 1,366 | 1,596 | 1,788 |
| Accounts payable | — | 11 | 53 | 54 | 36 | 13 | 36 | 62 | 43 | 39 | 50 | — |
| Total current liabilities | — | 46 | 185 | 180 | 152 | 89 | 162 | 231 | 212 | 233 | 226 | 276 |
| Short-term debt | — | — | 2 | 1 | — | — | — | — | — | — | 31 | 63 |
| Long-term debt | — | — | 75 | 45 | — | — | — | 16 | 0 | 85 | 285 | 196 |
| Total debt | 0 | 0 | 77 | 46 | — | 0 | 0 | 16 | 0 | 85 | 320 | 263 |
| Total liabilities | — | 70 | 293 | 250 | 235 | 169 | 255 | 339 | 326 | 451 | 669 | 650 |
| Shareholders' equity | 328 | 113 | 657 | 833 | 937 | 593 | 592 | 766 | 772 | 794 | 806 | 1,049 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 222 | 407 | 278 | 176 | 113 | 103 | 118 | 120 | 122 | 121 | 88 |
| Shares outstanding | — | — | 40m | — | — | — | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Inventory | 36 | 38 | 41 | 42 | 38 | 34 | 37 | 48 |
| Total current assets | 397 | 385 | 458 | 439 | 380 | 354 | 444 | 436 |
| Goodwill | 30 | 18 | 18 | 18 | 45 | 48 | 48 | 48 |
| Total assets | 1,347 | 1,366 | 1,545 | 1,546 | 1,588 | 1,596 | 1,707 | 1,788 |
| Accounts payable | 41 | 39 | — | — | — | 50 | — | — |
| Total current liabilities | 223 | 233 | 250 | 219 | 231 | 226 | 232 | 276 |
| Short-term debt | — | — | — | — | 16 | 31 | 47 | 63 |
| Long-term debt | 80 | 85 | 246 | 271 | 285 | 285 | 200 | 196 |
| Total debt | 80 | 85 | 246 | 271 | 301 | 316 | 247 | 260 |
| Total liabilities | 427 | 451 | 628 | 623 | 656 | 669 | 587 | 650 |
| Shareholders' equity | 796 | 794 | 793 | 799 | 808 | 806 | 991 | 1,049 |
| Non-controlling interests and other (assets − liabilities − equity) | 123 | 122 | 124 | 124 | 124 | 121 | 128 | 88 |
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