Every 10-Q that Flotek Industries, Inc. (FTK) 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 FTK 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 FTK filings page.
Flotek Industries, Inc. reported higher Q2 2026 results, with total revenues of $99.367 million (up 70% year over year) and net income of $9.953 million versus $1.768 million. For the first half of 2026, revenue rose to $169.418 million and net income to $14.617 million, driven by increased chemistry volumes under the ProFrac supply agreement and rapid growth in the Data Analytics segment, including Lease Agreement and Utility Support Contract revenue.
Total assets were $268.036 million at June 30, 2026, including a $40.0 million related-party PWRtek Note due in 2030 and $10.4 million outstanding under an asset-based loan; stockholders’ equity was $129.213 million. Operating cash flow was a $6.580 million use of cash as accounts receivable and inventories expanded to support growth. Customer concentration is high, with related-party ProFrac contributing 63.8% of year-to-date revenue. After quarter-end, Flotek was awarded a 10-year PREPA contract using its PWRtek platform, expected to generate approximately $40 million of annual revenue at full deployment and potential 10-year revenue of about $400 million.
Flotek Industries, Inc. reported stronger Q1 2026 results, with total revenue of $70.1 million, up 27% from $55.4 million a year earlier. Growth was driven by higher sales under the ProFrac supply agreement and $7.3 million of new PWRtek-related rental revenue, partly offset by lower external chemistry product sales and lower Contract Shortfall Fees.
Net income was $4.7 million compared with $5.4 million, as higher gross profit of $15.5 million was offset by increased interest expense on the $40 million PWRtek note and higher selling, general and administrative costs. Basic earnings per share were $0.13, with diluted earnings per share of $0.12.
Data Analytics performance improved sharply, with segment operating income of $6.1 million versus a small loss a year ago, reflecting lease income from mobile power generation assets. Chemistry Technologies saw lower external revenue but higher related-party sales. Flotek ended the quarter with $5.7 million of cash, $4.7 million drawn on its $20 million asset-based loan and total stockholders’ equity of $118.2 million.
Flotek Industries (FTK) reported stronger Q3 2025 results. Total revenues were $56.0 million, up from $49.7 million a year ago, with gross profit of $17.8 million. Net income rose to $20.4 million (diluted EPS $0.53), helped by a $12.6 million income tax benefit tied to a partial release of valuation allowance.
The company closed the PWRtek transactions on April 28, 2025, acquiring mobile power generation assets from a ProFrac affiliate and leasing them back under a six‑year operating lease. Q3 included $6.1 million of lease income, and minimum future lease income totals $125.468 million through April 2030. Consideration for the acquisition was $107.5 million, comprising a warrant to purchase 6,000,000 shares, a $40 million secured note, and offsets to contract shortfall fees.
Cash was $4.6 million, with $6.7 million drawn on the asset‑based loan and approximately $9.6 million of availability as of quarter‑end. The related‑party PWRtek Note outstanding was $39.6 million, and related‑party receivables were $44.8 million. Product revenue was $47.7 million, services $2.3 million, and rental $6.1 million.
Flotek Industries (FTK) Q2 2025 10-Q highlights:
- Revenue rose 26% YoY to $58.4 m (external +$7.0 m; related-party +$5.2 m). H1 sales up 31% to $113.7 m.
- Gross margin improved to 24.7% (19.9% LY) on better mix; operating income +16% to $2.6 m. Net income slipped 10% YoY to $1.8 m (EPS $0.05) as interest expense tripled after new debt; YTD profit doubled to $7.1 m.
- Asset acquisition 28-Apr-25: FTK bought 30 mobile power-gen units from affiliate ProFrac for $107.5 m, then leased them back for six years. Consideration: $40 m 10% note (due 2030), 6 m equity warrants, and $24.8 m contract-fee offsets. Because ProFrac owns >50% of FTK, assets booked at $15.1 m; excess $92.4 m reduced APIC, cutting equity to $71.9 m (-37%). Lease produced $3.2 m Q2 rental income; future minimum rent totals $128.8 m through 2030.
- Balance sheet: Assets $172.2 m; cash $5.0 m (+14%). Liabilities jumped to $100.4 m (was $56.9 m) mainly from the related-party note. Net debt now ~$40 m; ABL usage $5.1 m with $9.2 m availability.
- Cash flow: H1 operating cash inflow $2.8 m vs $0.8 m LY; capex $1.3 m.
- Outlook items: Company anticipates 2025 Contract Shortfall Fee of $15.2 m payable by ProFrac in early 2026; no guidance provided.
Overall, FTK shows solid top-line growth and initial lease revenue, offset by higher leverage, dilution risk (6 m new warrants) and heavier reliance on its controlling customer.