ProFrac Holding Corp. ACDC
ProFrac Holding Corp. is a technology-focused, vertically integrated, innovation-driven energy services holding company providing hydraulic fracturing, proppant production, other completion services and other complementary products and services including distributed power generation to leading upstream oil and natural gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources throughout the United States. Founded in 2016, ProFrac was built to be the go-to service provider for E&P companies' most demanding hydraulic fracturing needs. ProFrac Corp. operates in four business segments: Stimulation Services, Proppant Production, Manufacturing, and Flotek Industries, Inc., ("Flotek").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.94B | $2.19B | $2.63B | $2.43B | $768.4M | $547.7M | — |
| Cost of revenue | — | — | — | $2.43B | $768.4M | $547.7M | — |
| Gross profit | — | — | — | $0 | $0 | $0 | — |
| SG&A | $190.5M | $204.6M | $233.6M | $225.0M | $64.2M | $48.2M | — |
| Total operating expenses | $2.17B | $2.25B | $2.46B | $2.01B | $786.4M | $642.7M | — |
| Operating income | -$225.8M | -$60.4M | $166.6M | $412.4M | -$18.0M | -$95.0M | — |
| Interest expense | $138.8M | $156.6M | $154.9M | $59.5M | $25.8M | $23.3M | — |
| Pre-tax income | -$368.4M | -$214.8M | -$58.0M | $351.8M | -$43.7M | -$118.0M | — |
| Income tax | $12.9M | $7.0M | $1.2M | $9.1M | $200.0K | $500.0K | — |
| Net income | -$355.5M | -$207.8M | -$59.2M | $91.5M | -$42.4M | -$118.5M | — |
| EPS, basic | -2.22 | -1.38 | -0.82 | 2.06 | — | — | — |
| EPS, diluted | -2.22 | -1.38 | -0.82 | 2.06 | — | — | — |
| Shares, diluted (wtd. avg.) | 168.3M | 159.9M | 130.9M | 44.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $22.9M | $14.8M | $25.3M | $37.9M | $5.4M | $3.0M | $17.8M |
| Receivables | $266.8M | $312.7M | $346.1M | $535.5M | $161.6M | — | — |
| Inventory | $151.3M | $201.1M | $236.6M | $249.5M | $74.0M | — | — |
| Total current assets | $483.5M | $574.1M | $638.1M | $3.0M | $251.7M | — | — |
| Property, plant and equipment | $1.46B | $1.76B | $1.78B | $1.40B | $363.7M | — | — |
| Goodwill | $290.2M | $302.0M | $325.9M | $240.5M | — | — | — |
| Other intangibles | $111.8M | $148.9M | $173.5M | $203.1M | $27.8M | — | — |
| Total assets | $2.57B | $2.99B | $3.07B | $1.28B | $664.6M | — | — |
| Accounts payable | $257.1M | $324.3M | $319.0M | $339.4M | $136.7M | — | — |
| Short-term debt | $144.7M | $159.6M | $126.4M | $127.6M | $31.8M | — | — |
| Total current liabilities | $597.4M | $660.0M | $648.9M | $3.4M | $246.7M | — | — |
| Long-term debt | $875.6M | $944.4M | $942.1M | $797.8M | $269.8M | — | — |
| Total liabilities | $1.69B | $1.85B | $1.74B | $3.4M | $516.5M | — | — |
| Retained earnings | -$610.2M | -$235.9M | -$16.0M | -$1.19B | — | — | — |
| Total equity | $717.5M | $1.01B | $1.27B | -$1.11B | $147.1M | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $189.5M | $367.3M | $553.5M | $415.2M | $43.9M | $45.1M | — |
| Depreciation and amortisation | $416.3M | $442.2M | $438.4M | $267.3M | $140.7M | $150.7M | — |
| Stock-based compensation | $9.3M | $7.3M | $29.8M | $67.4M | — | — | — |
| Capital expenditure | $169.9M | $255.0M | $267.0M | $356.2M | $87.4M | $48.0M | — |
| Investing cash flow | -$163.7M | -$372.3M | -$715.8M | -$1.03B | -$78.4M | -$44.6M | — |
| Financing cash flow | -$17.7M | -$5.5M | $149.7M | $645.9M | $36.9M | -$15.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-049044.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $547.7M | $768.4M | $2.43B | $2.63B | $2.19B | $1.94B |
| Gross profit | — | $0 | $0 | $0 | — | — | — |
| Net income | — | -$118.5M | -$42.4M | $91.5M | -$59.2M | -$207.8M | -$355.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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