Every 10-Q that ProFrac Holding Corp. (ACDC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ACDC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ACDC filings page.
ProFrac Holding Corp. reported second-quarter 2026 revenue of $498.1 million, compared with $501.9 million in the prior-year period, and an operating loss of $37.9 million. Net loss attributable to the company was $79.7 million, or $0.45 per Class A share.
For the first six months of 2026, revenue was $947.7 million and net loss attributable to ProFrac was $163.2 million, or $0.91 per share. Total assets were $2,507.9 million and total long-term debt, net, was $918.2 million, with stockholders’ equity of $645.6 million at June 30, 2026. Consolidated Adjusted EBITDA for the quarter was $69.4 million, including Stimulation Services with $39.3 million.
Net cash provided by operating activities for the first half of 2026 was $32.2 million. ProFrac amended its 2022 ABL Credit Facility in March 2026 and, after quarter-end, repaid all outstanding borrowings and terminated the facility in connection with entering a new revolving credit facility.
ProFrac Holding Corp. reported weaker Q1 2026 results, swinging to a larger loss as market conditions softened and internal mix shifts continued. Revenue was $449.6 million, down from $600.3 million a year earlier, as Stimulation Services sales fell 22% on fewer active fleets, lower pricing and January weather disruptions. Proppant Production revenue rose 78% to $119.6 million, driven mainly by a shift from mine-gate to wellsite pricing and higher intercompany volumes, while Manufacturing revenue declined 26% on lower internal demand.
The company posted a net loss attributable to ProFrac of $83.5 million, deeper than the $17.5 million loss in Q1 2025, and a basic and diluted loss per Class A share of $0.47 versus $0.12. Adjusted EBITDA fell to $54.0 million from $129.5 million, reflecting lower service activity and higher proppant costs under the new pricing structure. Cash from operating activities was $9.3 million, down from $38.7 million, while capital expenditures declined to $40.7 million.
Total assets were $2,550.6 million and total liabilities $1,765.8 million at March 31, 2026. The company carried $1,085.6 million of long-term debt principal, up $37.5 million from year-end after issuing an additional $25.0 million of 2029 Senior Notes. Liquidity excluding Flotek consisted of $27.8 million of cash and $80.0 million of availability under the 2022 ABL Credit Facility, which was amended in March 2026 to reduce maximum capacity, extend maturity to September 3, 2027, and replace the minimum liquidity covenant with a $45.0 million minimum availability test.
ProFrac Holding Corp. (ACDC) reported a weaker Q3 2025 as lower customer activity pressured results. Revenue was $403.1 million versus $575.3 million a year ago, driving an operating loss of $78.8 million and a net loss attributable to the company of $100.9 million (loss per share $0.60). Services revenue fell sharply, while product sales also declined.
The company moved to bolster liquidity amid a depressed commodity environment. In August, it issued 20.6 million Class A shares at $4.00, generating $79.0 million in net proceeds. It also obtained commitments for an additional $40.0 million of 2029 Senior Notes, with issuance deferred to December 15, 2025, and sold a Flotek intercompany note for about $40.0 million in November. Cash was $58.0 million and total long‑term debt, net, was $911.6 million at quarter‑end; ABL availability was roughly $41.1 million. Operating cash flow for the first nine months was $140.0 million against capital expenditures of $133.3 million. Shares outstanding were 180,871,183 Class A as of November 6, 2025.
Q2-25 highlights – ProFrac Holding Corp. (ACDC)
Revenue slid 13% YoY to $501.9 m, driven by weaker activity in the core Stimulation Services segment. Cost savings were insufficient: operating loss widened to $54.3 m and net loss attributable to Class A holders deepened to $107.2 m (-$0.67/sh) versus -$67.9 m (-$0.42) in Q2-24. Adjusted EBITDA fell 42% to $78.6 m, with Stimulation EBITDA roughly halving to $51 m; YTD EBITDA is down 30% to $208 m.
Despite earnings pressure, cash from operations reached $139 m, comfortably covering $99 m of capex and producing positive free cash flow. Cash rose to $26 m (12/24: $14.8 m), while total principal debt stands at $1.11 bn; net debt ~ $1.08 bn. Liquidity was bolstered by issuing $20 m of additional 2029 senior secured notes and arranging options for another $40 m; an amendment to the Alpine 2023 Term Loan cut near-term amortisation to $5 m/quarter.
Total assets contracted to $2.83 bn (-5% YTD); shareholders’ equity slipped 12% to $952 m as the accumulated deficit expanded to $362 m. Inventories were reduced by $20 m, aiding cash, but a $12.8 m credit-loss provision, $25 m of other operating charges and ongoing litigation costs weighed on results. No goodwill impairment was recorded this quarter (Q2-24 included $67.7 m).
Unsatisfied proppant performance obligations total $24 m through 2027, and management notes continued softness in U.S. on-shore completions. Compliance with debt covenants is maintained, with key leverage testing on the Alpine facility deferred until 2027.