Data analytics powers Flotek (NYSE: FTK) Q1 2026 surge and 2026 outlook

Rhea-AI Filing Summary

Flotek Industries reported strong Q1 2026 results, with total revenue of $70.1 million, up 27% from Q1 2025, driven by rapid growth in its Data Analytics segment. Gross profit rose to $15.5 million, a 25% increase, while Adjusted EBITDA grew 44% to $9.1 million, showing improved underlying profitability.

Net income was $4.7 million, down from $5.4 million a year earlier, and diluted EPS declined from $0.17 to $0.12, largely reflecting higher interest and tax expense. Data Analytics revenue jumped 295% to $10.4 million and contributed 50% of gross profit versus 8% in Q1 2025, helped by new power services contracts.

For 2026, Flotek guides to revenue of $270–$290 million and Adjusted EBITDA of $36–$41 million, implying mid‑teens growth versus 2025. Data Analytics momentum includes an expected Q2–Q4 2026 backlog of $34.1 million and more than $90 million of three‑year contracted revenue, with power services expected to be a key high‑margin, recurring growth driver.

Positive

• Strong top-line and cash earnings growth: Q1 2026 revenue rose 27% to $70.1 million, gross profit increased 25% to $15.5 million, and Adjusted EBITDA grew 44% to $9.1 million versus Q1 2025.
• Accelerating Data Analytics mix and backlog: Data Analytics revenue increased 295% to $10.4 million and contributed 50% of gross profit, with Q2–Q4 2026 expected backlog of $34.1 million and more than $90 million over three years.
• Supportive 2026 outlook: Guidance calls for 2026 revenue of $270–$290 million and Adjusted EBITDA of $36–$41 million, implying mid‑teens growth over 2025 and reinforcing the multi‑year expansion trajectory.

Negative

• Net income and EPS down year over year: Q1 2026 net income declined 13% to $4.7 million and diluted EPS fell 29% to $0.12, reflecting higher interest expense and a much higher effective tax rate.
• Heavier reliance on related-party revenue and debt: Related-party revenue reached $51.9 million of the $70.1 million total, and total liabilities increased to $113.7 million, including a $39.6 million related-party note and higher asset-based loan balance.

Insights

Energy services and technology analyst

Flotek is shifting toward higher-margin, recurring data revenue while keeping overall growth strong.

Flotek delivered Q1 2026 revenue of $70.1 million, up 27% year over year, and expanded Adjusted EBITDA by 44% to $9.1 million. The key driver was Data Analytics, where revenue surged 295% to $10.4 million and rose to half of gross profit versus 8% a year ago.

Despite this, net income dipped to $4.7 million and diluted EPS to $0.12, constrained by higher interest and income tax expense following the partial valuation allowance release on deferred tax assets in 2025. Gross margin improved, but reported earnings now reflect a more normalized tax burden and a larger debt load.

Management’s 2026 guidance targets revenue of $270–$290 million and Adjusted EBITDA of $36–$41 million, roughly high‑teens growth versus 2025. A Q2–Q4 2026 Data Analytics backlog of $34.1 million and more than $90 million over three years, plus the new power services contract expected to add $12 million of 2026 revenue at about 30% gross margin, supports continued mix shift toward recurring, higher‑margin business.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q1 2026 Revenue: $70.1 million Q1 2026 Net Income: $4.7 million Q1 2026 Adjusted EBITDA: $9.1 million +5 more

8 metrics

Q1 2026 Revenue $70.1 million Three months ended March 31, 2026; up 27% year over year

Q1 2026 Net Income $4.7 million Three months ended March 31, 2026; down 13% versus Q1 2025

Q1 2026 Adjusted EBITDA $9.1 million Three months ended March 31, 2026; up 44% year over year

Data Analytics Revenue $10.4 million Q1 2026 segment revenue; 295% growth vs Q1 2025

2026 Revenue Guidance $270–$290 million Full-year 2026 expected total revenue range

2026 Adjusted EBITDA Guidance $36–$41 million Full-year 2026 expected Adjusted EBITDA range

Data Analytics Backlog 2026 $34.1 million Q2–Q4 2026 expected Data Analytics backlog

Total Assets $231.8 million Total assets as of March 31, 2026 on balance sheet

Key Terms

Adjusted EBITDA, Minimum Purchase Requirements, asset based loan, Data Analytics, +1 more

5 terms

Adjusted EBITDA financial

"Adjusted EBITDA was $9.1 million in the first quarter of 2026, a 44% increase"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Minimum Purchase Requirements financial

"First quarter 2026 revenue included $2.7 million related to the minimum purchase requirements"

asset based loan financial

"interest costs related to fluctuations in borrowings under the Company’s asset based loan"

Data Analytics financial

"Data Analytics momentum accelerated with new contracts, expanding the Q2–Q4 2026 expected backlog"

Data analytics is the process of examining large amounts of information to uncover patterns, trends, and insights. It helps investors make better decisions by turning complex data into clear, useful knowledge, much like how a detective finds clues to solve a mystery. This approach enables smarter planning and risk management in financial activities.

Prescriptive Chemistry Management (PCM) financial

"Prescriptive Chemistry Management (PCM) Data Services continues to emerge as growth opportunity in 2026"

Earnings Snapshot

Revenue: $70.1 million · Guidance included

Q1 2026

Revenue $70.1 million +27% YoY

Gross Profit $15.5 million +25% YoY

Net Income $4.7 million -13% YoY

Adjusted EBITDA $9.1 million +44% YoY

Diluted EPS $0.12 -29% YoY

Guidance

For 2026, Flotek expects total revenue of $270–$290 million and Adjusted EBITDA of $36–$41 million, implying roughly high-teens growth versus 2025.

Understanding 8-K Material Events →

0000928054FALSE00009280542026-05-052026-05-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

May 5, 2026

Date of Report (Date of earliest event reported)

Flotek Industries, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-13270			90-0023731
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

5775 N. Sam Houston Parkway W., Suite 400 Houston, TX, 77086

(Address of principal executive office and zip code)

(713) 849-9911

(Registrant’s telephone number, including area code)

(Not applicable)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of Exchange on which registered
Common Stock, $0.0001 par value			FTK			NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On May 5, 2026, Flotek Industries, Inc. (the “Company”) issued a press release providing its financial results for the quarter ended March 31, 2026, initiating 2026 guidance and announcing that it will hold a conference call to discuss its financial and operating results. The press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K and in Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as otherwise expressly stated in such filing.

Item 7.01 Regulation FD Disclosure

On May 5, 2026, the Company provided on its website a presentation containing information relating to its current operations and financial results. A copy of the presentation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information furnished pursuant to Item 7.01 of this Current Report on 8-K and in Exhibit 99.2 shall not be deemed to be “filed” for the purposes of the Exchange Act, is not subject to the liabilities of that section and is not deemed incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

d) Exhibits.

Exhibit Number						Description
99.1						Press Release dated May 5, 2026
99.2						Presentation of Flotek Industries, Inc.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			FLOTEK INDUSTRIES, INC.
Date: May 5, 2026			/s/ Bond Clement
			Name:			Bond Clement
			Title:			Chief Financial Officer

Exhibit 99.1

Flotek Reports Record Data Analytics Revenue and Strong First Quarter Results

HOUSTON, May 5, 2026 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the quarter ended March 31, 2026. The Company also provided 2026 guidance that reinforces its multi-year track record of transformational revenue and profitability growth.

A summary of key financial metrics compared to the prior-year quarter is as follows (in thousands, except ‘per share’ amounts):

									Three Months Ended March 31,
																					2026						2025						% Change
Total Revenues																					$	70,051					$	55,362					27%
Gross Profit																					$	15,541					$	12,449					25%
Net Income																					$	4,664					$	5,380					(13)%
Diluted Income Per Share																					$	0.12					$	0.17					(29)%
Adjusted EBITDA (1)																					$	9,093					$	6,298					44%

First Quarter 2026 Highlights

•Total revenue grew 27% as compared to the first quarter of 2025 highlighted by 295% growth in Data Analytics revenue.

•Chemistry Technologies revenue rose 13% to its highest quarterly level in over 7 years.

•Data Analytics achieved its highest-ever quarterly revenue.

•Data Analytics accounted for 50% of total gross profit versus 8% in the prior-year quarter.

•In late March, equipment mobilization commenced in connection with the Company’s recently announced power services contract.

XSPCT Named 2026 Product of the Year

The XSPCT™ was recognized by the Analyzer Technology Conference, the premier technical event dedicated to analysis and measurement in the chemical processing industry, for its breakthrough innovation, performance, and real-world impact in process analytics. In upstream applications, the XSPCT™ enables digital sampling by delivering continuous, real-time compositional analysis directly in line with the process stream eliminating the delays, costs, and inaccuracies of traditional Gas Chromatography sampling and laboratory methods. As operators increasingly demand faster, more reliable, and actionable data, the XSPCT™ delivers the accuracy and responsiveness required in today’s operating environments, helping redefine what is possible in process optimization, custody transfer, and operational efficiency across the oil and gas value chain. This honor underscores Flotek’s continued leadership in advancing analyzer technology that directly addresses industry needs.

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2026 Outlook

Based on first quarter results and current visibility, Flotek expects:

•2026 Total Revenue: $270 million to $290 million

•2026 Adjusted EBITDA(2): $36 million to $41 million

Data Analytics momentum accelerated with new contracts, expanding the Q2–Q4 2026 expected backlog to $34.1 million and the three-year expected backlog to more than $90 million. Power services led this growth, reinforcing the shift toward high-margin, recurring revenue streams.

Management Commentary

Chief Executive Officer Dr. Ryan Ezell commented, “Our first quarter results build on the strong multi-year growth we have achieved across the business. During the quarter, both our Data Analytics and Chemistry segments delivered impressive year‑over‑year growth. Data Analytics now represents half of the Company’s gross profit, and we expect it to surpass Chemistry as the largest contributor to profit during 2026.

In early March, we announced our first power services contract, marking an important step in diversifying our revenue base beyond traditional oilfield applications. We believe this contract represents the first of many opportunities to capture high‑margin, recurring revenue supporting power generation throughout the energy infrastructure sector.

Our 2026 guidance reflects our focus on the convergence of real-time data and chemistry solutions further advancing our industrial pivot while laying the foundation for future market expansion.”

First Quarter 2026 Financial Results

•Revenue: Flotek reported total revenues of $70.1 million for the first quarter of 2026, an increase of 27%, compared to total revenues of $55.4 million for the first quarter of 2025. Revenue growth during the quarter was comprised of a 13% increase in Chemistry revenue and a 295% increase in Data Analytics revenue as compared to the prior-year quarter. First quarter 2026 revenue included $2.7 million related to the minimum purchase requirements (the “Minimum Purchase Requirements”) under the Company’s long-term supply agreement with ProFrac Services, LLC, as compared to $7.5 million in the prior-year quarter.

2

Segment Revenue Summary (in thousands)

									Three Months Ended March 31,
																					2026						2025						% Change
Chemistry Technologies:
External Revenues																					$	14,741					$	22,009					(33)%
Related Party Revenues																					44,941						30,729						46%
Total																					$	59,682					$	52,738					13%
Data Analytics:
Product Revenues																					$	1,853					$	1,662					11%
Service Revenues																					8,516						962						785%
Total																					$	10,369					$	2,624					295%

•Gross Profit: The Company generated gross profit of $15.5 million during the first quarter of 2026, or 22% of revenues, compared to $12.4 million during the first quarter of 2025. The improvement in first quarter 2026 gross profit was primarily the result of the increased Chemistry and Data Analytics revenue, as compared to the first quarter of 2025. The improvement in gross profit was partially offset by a 64% reduction in revenue attributable to the Minimum Purchase Requirements as compared to the first quarter of 2025.

•Selling, General and Administrative (“SG&A”) Expense: SG&A expense totaled $6.9 million for the first quarter of 2026, or 10% of revenues, compared to $6.3 million during the first quarter of 2025, or 11% of revenues. The increase in current quarter SG&A was primarily the result of higher non-cash stock compensation costs.

•Net Income and EPS: Flotek reported net income of $4.7 million, or $0.12 per diluted share, for the first quarter of 2026. This compares to net income of $5.4 million, or $0.17 per diluted share, for the first quarter of 2025. First quarter 2026 net income was impacted by a higher effective tax rate, as compared to the prior-year quarter, resulting from the partial release of the valuation allowance on deferred tax assets during the third quarter of 2025.

•Adjusted EBITDA (Non-GAAP)(1): Adjusted EBITDA was $9.1 million in the first quarter of 2026, a 44% increase as compared to $6.3 million in the first quarter of 2025. Adjusted EBITDA calculations for the first quarters of 2026 and 2025 do not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million, respectively.

(1)A non-GAAP financial measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” section in this release for more information about this measure, including reconciliations to the most comparable GAAP measures. Calculations do not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million during the first quarters of 2026 and 2025, respectively.

(2)A non-GAAP financial measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” section in this release for more information about this measure. We are unable to reconcile this forward-looking non-GAAP financial measure to the most directly comparable GAAP financial measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP financial measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings under the Company’s asset based loan. These items do not impact the non-GAAP financial measure. Guidance does not add back non-cash amortization of contract assets estimated to total $8.4 million during 2026.

3

Conference Call Details

The Company plans to host its earnings conference call on Wednesday, May 6, 2026, at 9:00 a.m. CDT (10:00 a.m. EDT).

Participants may access the call through Flotek's website at www.flotekind.com under “News and Events” within the Investor Relations section, by telephone toll free at 1-800-836-8184 (international toll: 1-646-357-8785), or by using the following link to access the webcast: https://app.webinar.net/95QB27jKEvW approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company's website.

Upcoming Events

Below are some upcoming events where you may get the opportunity to meet with our team:

•May 26-28, 2026: Louisiana Energy Conference 2026 (New Orleans, LA)

•June 16-18, 2026: Planet Microcap 2026 (Las Vegas, NV)

•August 17-19, 2026: Enercom: The Energy Investment Conference (Denver, CO)

About Flotek Industries, Inc.

Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company’s top tier technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries.

Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people.

Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.

Forward-Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance

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on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.

Investor contact:

Mike Critelli

E: ir@flotekind.com

5

FLOTEK INDUSTRIES, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

			March 31, 2026						December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents			$	5,676					$	5,731
Restricted cash			104						104
Accounts receivable, net of allowance for credit losses of $820 and $764 at March 31, 2026 and December 31, 2025, respectively			21,794						19,043
Accounts receivable, related party, net of allowance for credit losses of $0 at March 31, 2026 and December 31, 2025			61,023						64,204
Equipment credit, related party			11,782						—
Inventories, net			14,303						10,629
Other current assets			2,709						3,445
Current contract asset			8,402						7,621
Total current assets			125,793						110,777
Long-term contract asset			52,102						55,115
Property and equipment, net			21,912						20,344
Right-of-use assets			2,895						3,083
Deferred tax assets, net			27,580						29,152
Other long-term assets			1,561						1,578
TOTAL ASSETS			$	231,843					$	220,049
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable			$	52,566					$	48,317
Accrued liabilities			8,771						7,256
Income taxes payable			295						258
Interest payable, related party			986						1,008
Current portion of operating lease liabilities			1,287						1,251
Current portion of finance lease liabilities			156						153
Asset-based loan			4,666						3,332
Total current liabilities			68,727						61,575
Note payable - related party			39,608						39,584
Long-term operating lease liabilities			5,149						5,608
Long-term finance lease liabilities			184						224
TOTAL LIABILITIES			113,668						106,991
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding			—						—
Common stock, $0.0001 par value, 240,000,000 shares authorized; 37,390,332 shares issued and 36,174,338 shares outstanding at March 31, 2026; 31,320,960 shares issued and 30,130,480 shares outstanding at December 31, 2025			4						3
Additional paid-in capital			435,838						434,964
Accumulated other comprehensive income			130						96
Accumulated deficit			(281,116)						(285,780)
Treasury stock, at cost; 1,215,994 and 1,190,480 shares at March 31, 2026 and December 31, 2025, respectively			(36,681)						(36,225)
Total stockholders’ equity			118,175						113,058
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			$	231,843					$	220,049

6

FLOTEK INDUSTRIES, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

									Three Months Ended March 31,
															2026						2025
Revenue:
Revenue from external customers															$	18,165					$	24,423
Revenue from related party															51,886						30,939
Total revenues															70,051						55,362
Cost of goods sold															54,510						42,913
Gross profit															15,541						12,449
Operating costs and expenses:
Selling, general, and administrative															6,925						6,282
Depreciation															631						252
Research and development															396						355
Gain on sale of property and equipment															—						(7)
Total operating costs and expenses															7,952						6,882
Income from operations															7,589						5,567
Other income (expense):
Interest expense															(1,332)						(229)
Other income, net															16						106
Total other expense															(1,316)						(123)
Income before income taxes															6,273						5,444
Income tax expense															(1,609)						(64)
Net income															$	4,664					$	5,380
Income per common share:
Basic															$	0.13					$	0.18
Diluted															$	0.12					$	0.17
Weighted average common shares:
Weighted average common shares used in computing basic income per common share															36,100						29,683
Weighted average common shares used in computing diluted income per common share															38,340						31,752

7

FLOTEK INDUSTRIES, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

			Three Months Ended March 31,
			2026						2025
Cash flows from operating activities:
Net income			$	4,664					$	5,380
Adjustments to reconcile net income to net cash provided by operating activities:
Change in fair value of contingent consideration			—						(125)
Amortization of contract assets			2,232						1,482
Depreciation			631						252
Amortization of deferred financing costs			95						71
Provision for credit losses, net of recoveries			56						66
Provision for excess and obsolete inventory			396						64
Gain on sale of property and equipment			—						(7)
Non-cash lease expense			188						318
Stock compensation expense			824						461
Deferred income tax expense			1,572						14
Changes in current assets and liabilities:
Accounts receivable			(2,808)						(2,489)
Accounts receivable, related party			(9,798)						4,124
Inventories			(4,070)						(354)
Income tax receivable			20						—
Other assets			663						(540)
Accounts payable			4,249						893
Accrued liabilities			1,515						(1,811)
Operating lease liabilities			(423)						(568)
Income taxes payable			37						82
Interest payable, related party			(22)						—
Net cash provided by operating activities			21						7,313
Cash flows from investing activities:
Capital expenditures			(1,002)						(598)
Proceeds from sale of assets			—						7
Net cash used in investing activities			(1,002)						(591)
Cash flows from financing activities:
Payments on long term debt			—						(45)
Proceeds from asset-based loan			55,100						53,345
Payments on asset-based loan			(53,766)						(58,136)
Proceeds from exercise of April 2025 Warrant			1						—
Payments to tax authorities for shares withheld from employees			(456)						(23)
Proceeds from issuance of stock under Employee Stock Purchase Plan			44						31
Proceeds from issuance of stock from stock option exercises			6						—
Payments for finance leases			(37)						—
Net cash provided by (used in) financing activities			892						(4,828)
Effect of changes in exchange rates on cash and cash equivalents			34						(45)
Net change in cash and cash equivalents and restricted cash			(55)						1,849
Cash and cash equivalents at the beginning of period			5,731						4,404
Restricted cash at the beginning of period			104						102
Cash and cash equivalents and restricted cash at beginning of period			5,835						4,506
Cash and cash equivalents at end of period			5,676						6,253
Restricted cash at the end of period			104						102
Cash and cash equivalents and restricted cash at end of period			$	5,780					$	6,355

8

FLOTEK INDUSTRIES, INC.

UNAUDITED RECONCILIATION OF NON-GAAP ITEMS AND NON-CASH ITEMS IMPACTING EARNINGS

(in thousands)

									Three Months Ended March 31,
															2026						2025
Net income															$	4,664					$	5,380
Interest expense															1,332						229
Income tax expense															1,609						64
Depreciation and amortization															631						252
EBITDA (Non-GAAP) (1)															$	8,236					$	5,925
Stock compensation expense															824						461
Severance and retirement															11						44
Contingent liability revaluation															—						(125)
Gain on disposal of asset															—						(7)
Non-Recurring professional fees															22						—
Adjusted EBITDA (Non-GAAP) (1)															$	9,093					$	6,298

(1)Management believes that EBITDA and Adjusted EBITDA for the three months ended March 31, 2026 and 2025 are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the adjustments made to net income for certain non-cash or non-recurring items noted above to be outside of the Company’s normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish financial, compensation and operational objectives. Adjusted EBITDA as presented above does not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million during the three months ended March 31, 2026 and 2025, respectively.

9

Q1 2026 Earnings Presentation May 6, 2026

Forward-Looking Statements Certain statements set forth in this presentation constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this presentation. Although forward-looking statements in this presentation reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K and Form 10-Q (including, without limitation, in the "Risk Factors" section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this presentation. This presentation includes certain non-GAAP measures. Please refer to the reconciliations provided in the earnings press release and the appendix in this presentation for the most comparable GAAP measure. // 2

92% 8% 1Q25 50%50% 1Q26 Transformation to Data-Driven Growth // 3 THE CONVERGENCE OF REAL-TIME DATA AND CHEMISTRY SOLUTIONS Transforming business through real-time data, monitoring and process control across the energy & infrastructure value chain utilizing proprietary technologies Data Analytics Sustainable chemistry solutions to maximize customer’s value chain while minimizing their environmental impact Chemistry Technologies FLOTEK INDUSTRIES PROFILE: Founded: 1985 Employees: 162 Headquarters: Houston Patents: >130 Segment Gross Profit Contribution: $15.5MM$12.4MM

• Total revenue grew 27% as compared to the first quarter of 2025 highlighted by 295% growth in Data Analytics revenue • Data Analytics accounted for 50% of Company gross profit versus 8% in the prior-year quarter • The XSPCTTM analyzer named Product of the Year at the 2026 Analyzer Technology Conference • 2026 guidance builds upon multi-year trend of transformational revenue and profitability growth Flotek Q1 2026 Highlights // 4 *Adjusted EBITDA is a non-GAAP measure. See the Appendix in this presentation for a reconciliation to the most comparable GAAP measure. Calculations above do not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million during the first quarters of 2026 and 2025, respectively. ** A non-GAAP measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” tables in the appendix for more information about this measure. We are unable to reconcile this forward-looking non-GAAP measure to the most directly comparable GAAP measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings outstanding under the Company’s asset based loan. These items do not impact the non-GAAP measure. Guidance does not add back non-cash amortization of contract assets estimated to total $8.4 million during 2026. In $MM 1Q26 1Q25 % Change Revenue $ 70.1 $ 55.4 27% Gross Profit $ 15.5 $ 12.4 25% Net Income $ 4.7 $ 5.4 (13)% Adj. EBITDA* $ 9.1 $ 6.3 44% Diluted EPS $ 0.12 $ 0.17 (29)% FY 2026 GUIDANCE Metric Guidance Range Midpoint Vs. 2025 Actual Revenue: $270MM - $290MM +18% Adj. EBITDA**: $36MM - $41MM +17% GROWTH TRAJECTORY CONTINUES INTO 2026

$(29.5) $(3.5) $14.7 $32.8 -5% 13% 21% 25% -7% -2% 3% 8% 13% 18% 23% 28% $(30.0) $(20.0) $(10.0) $- $10.0 $20.0 $30.0 $40.0 2022 2023 2024 2025 2026** G ro ss M a rg in A d j. E B IT D A * ($ M M ) Adj.EBITDA* Gross Margin // 5 Transformational Growth Storyline Continues 10yr Supply Contract Secured New Executive Leadership Launched PWRtekTM & XSPCTTM Data Analytics Upstream Market Entry REAL-TIME SOLUTIONS UNLOCK FUTURE SHAREHOLDER VALUE First Utilities Contract TURNAROUND FOUNDATION LEADERSHIP CATALYST DATA BREAKTHROUGH HIGH-MARGIN RAMP EXPLOIT NEW MARKETS *Adjusted EBITDA is a non-GAAP measure. See the Appendix in this presentation for a reconciliation to the most comparable GAAP measure. Calculations above do not add back non-cash amortization of contract assets totaling $6.3 million, $5.6 million, $5 million and $3.4 million during the years ended December 31, 2025, 2024, 2023 and 2022, respectively. ** A non-GAAP measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” tables in the appendix for more information about this measure. We are unable to reconcile this forward-looking non-GAAP measure to the most directly comparable GAAP measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings outstanding under the Company’s asset based loan. These items do not impact the non-GAAP measure. Guidance does not add back expected non-cash amortization of contract assets totaling $8.4 million during 2026. Guidance range $36-41

Market Expansion Through Strategic Execution TOTAL ADDRESSABLE MARKET EXCEEDING $15B PER YEAR COMPLETION CHEMISTRY (PCMTM) // 6 DIGITAL VALUATION (XSPCT TM) MOBILE POWER GENERATION FLARE MONITORING (VERACALTM) GRID & DATA CENTER POWER GENERATION Water Treatment

Data Analytics (DA) // 7

Data Analytics: “Measure More Strategy” Upstream • Power Services: facilitates natural gas utilization in powering turbines and dual-fuel engines • Digital Valuation: delivers real-time product valuations for faster & more accurate Custody Transfer reporting • Flare Monitoring: assisting in the compliance of EPA regulations and enhanced flare efficiency control • Chemical Treatment: Autonomous & Continuous completion chemistry monitoring & treatment Midstream • Gas/Oil processing plant control and optimization • TransMix Pipeline batch detection to optimize pipeline transfer processes • Vapor Pressure Monitoring controls to achieve product specifications • Chemical Treatment: Autonomous & Continuous production/water chemistry monitoring & treatment Downstream • Process Controls: to optimize distillation tower efficiency • Chemical Quality Measurements in pipelines and terminals • Carbon Capture measurement for carbon credits and reporting REAL-TIME MEASUREMENTS FOR EXPANSION INTO NEW MARKETS // 8 Growth Emerging Markets

18% 82% 1Q 2026 Product Revenue Service Revenue* $2.6 $10.4 38% 75% 0% 10% 20% 30% 40% 50% 60% 70% 80% $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 1Q25 1Q26 Data Analytics Improvement Total Revenue Gross Margin % SERVICE REVENUE* GREW 785% SINCE Q1 2025 • Revenue from Power services contract expected to drive sequential DA revenue growth vs 1Q26. // 9 *Service revenues include rental related revenues 62% 38% 1Q 2025 Shift to DAAS Driven Revenue Data Analytics: High Margin Revenue Growth

Data Analytics: Technology Gaining Traction // 10 Recent Wins: • 21 Power Services measurement units added since closing PWRtek • 27 unit order from large OFS customer to monitor field gas for frac power and digital valuation • 15 unit order from major midstream customer for real-time crude/condensate quality measurement • Smart Skid rental to major IOC to optimize gas quality with real-time blending of field gas and CNG • XSPCT named Product of the Year at 2026 Analyzer Technology Conference POWER SERVICES SIGNIFICANTLY IMPROVES ANNUAL REVENUE BACKLOG $34.1 $29.6 $28.4 $28.2 $27.4 $- $5 $10 $15 $20 $25 $30 $35 $40 Q2-Q4 2027 2028 2029 2030 C o n tr ac te d R ec u rr in g R e ve n u e ($ M M ’s ) Data Analytics Recurring Contracted Backlog* *Includes PWRtek Lease Agreement and annual contractual services. Excludes revenue from Power Services Contract beyond 2026. 2026

Data Analytics: Power Services // 11 • Delivered enhanced real-time Blending & Conditioning smart skid in April, already live with an energy provider in May • Protects mobile gas-powered engines • Controls OEM engines to optimize efficiency and reduce maintenance downtime • Enables field gas as a cost-effective substitute to diesel or CNG • Delivers accurate, real-time BTU monitoring for precise royalty reporting and payment • Enhances safety and operational control through advanced warning and shutoff technology PWRTEK EXPANDS PATENTED GAS CONDITIONING TECHNOLOGY PORTFOLIO TM New Blending and Conditioning Smart Skid PWRtek Digital Interface and Controls Expect to have analyzers on more than 50% of currently active North American frac fleets by year-end

Data Analytics: Power Services Contract // 12 FIRST INFRASTRUCTURE & UTILITIES POWER CONTRACT WON IN Q1 2026 Key Contract Terms: • Up to 50 MW deployment for federal disaster recovery • 6-month initial term with customer option to extend 4 years • Proprietary PWRtekTM reduces risks from variable gas quality in harsh conditions Progress Update: Phase 1- (12 MW total) • Site prep work ongoing • Gas conditioning, distribution and initial power (6 MW) deployed • Additional 6 MW expected to deploy in late Q2 early Q3 Expected 2026 Impact: $12 million in revenue at ~30% gross margin Phase 2 Extension Deployment Power Load Assessment Site Visits & Selection Contract Award Proposal

Data Analytics: Digital Valuation // 13 • In 2025, the XSPCTTM analyzer was introduced for custody transfer and/or digital valuation (Gas & Crude Quality) – Accurate Real-time Data Quality/Volume Visibility – No Venting, No Consumables, Lower OpEx – Built to Last in Remote Field Environments • In Nov 2025, the XSPCTTM was the first optical spectrometer to successfully achieve the GPA 2172 standard • In March 2026, XSPCTTM was named Product of the Year at the 2026 Analyzer Technology Conference • 57 digital valuation units currently deployed or on order to be delivered vs 25 active units at year-end XSPCTTM CONTINUES TO EXPAND DATA ANALYTICS DAAS REVENUE XSPCT Analyzer Installed on customer location

Chemistry Technologies (ECT) // 14

Chemistry Technologies: Market Growth // 15 • Chemistry revenue increased 26% despite a (21%) drop in avg. fleet count • Middle East Sales for 2H2026 expected to ramp • Expecting growth in external chemistry sales in 2Q26 vs. 1Q26 • Prescriptive Chemistry Management (PCM) Data Services continues to emerge as growth opportunity in 2026 FLOTEK GAINS MARKET SHARE IN A CONTRACTING MARKET *Chemistry Technology Revenue excludes Related Party order shortfall payment “OSP” **Fleet Count numbers sourced from Primary Vision $45.3 $56.9 202 159 150 160 170 180 190 200 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 1Q25 1Q26 Total Chemistry Revenue* Chemistry Revenue* Avg. Frac Fleet Count**

$2.50 $4.50 $6.50 $8.50 $10.50 $12.50 $14.50 $16.50 $18.50 Flotek Industries (FTK) Industry: Energy & Technology // 16 Flotek Industries AN INDUSTRIALIZED PIVOT TO DATA DRIVEN GROWTH Flotek: Turnaround Story • Leadership: New Executive Team 2023: Common Stock +356%* through Q1 2026 • Growing Profits: 1Q26 YoY Gross Profit was up 25% • Proven Momentum: 3 Straight Years of Adjusted EBITDA** Growth The Convergence of Real-time Data & Chemistry • Cycle-Resistant Revenue: Long-term contracts shield against O&G volatility • Differentiated Tech: Innovative Data and Chemistry solutions deliver superior value • 2026 Growth Catalyst: PWRtek unlocks high-margin recurring revenue Proprietary Tech Fuels Recurring, High-Margin Growth • PWRtek TM : Optimized asset protection on mobile gas-powered services • XSPCT TM : 2026 Winner of Product of the Year at Analyzer Tech Conference • VeraCal TM : Top OOOOb EPA-certified flare monitoring solution • Market Creation: Expanded annual addressable market by >$3B in 2025 *New CEO Announced: June 6, 2023 closing stock price: $3.72 compared to March 31, 2026 closing stock price: $16.97 **Adjusted EBITDA is a non-GAAP measure. See the Appendix in this presentation for a reconciliation to the most comparable GAAP measure. ***A non-GAAP measure. See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” tables in the appendix for more information about this measure. We are unable to reconcile this forward-looking non-GAAP measure to the most directly comparable GAAP measure without unreasonable efforts, as we are unable to predict with a reasonable degree of certainty the impact of certain items that would be expected to impact the GAAP measure, including, among other items, certain stock-based compensation costs and interest costs related to fluctuations in borrowings outstanding under the Company’s asset based loan. These items do not impact the non-GAAP measure. $38.5 million reflects the mid-point of 2026 guidance as shown on slide 4 and does not add back expected non-cash amortization of contract assets totaling $8.4 million. 2023 2024 2025 356% 2026 $mm 2025 2026 Md Pt Revenue $237 $280 Adj EBITDA** $32.8 $38.5*** $mm 12/31/25 3/31/26 Net Debt $37 $38.5 Leverage Ratio 1.1X 1X (a) Market Cap $519 $614 (a) using mid-point 2026 guidance

// 17 Louisiana Energy Conference May 26-28th 2026 Four Seasons New Orleans, LA Planet MicroCap 2026 June 16-18th 2026 Bellagio Hotel & Casino Las Vegas, NV Enercom Denver August 17-19th 2026 The Westin Denver, CO Lake Street Best Ideas Growth Conference September 2026 New York, NY Investor Contact: Mike Critelli ir@flotekind.com Upcoming 2026 Events JOIN US

Appendix

We tested against Traditional Gas Chromatography (GC) • Zero GC Samples matched the 60-day Average Gas BTU Value • 20-25% swings in “Associated Gas” BTU value • 16% Variances within manual sampling processes • Missed High Value Liquids on “dry gas” wells Data Analytics: Digital Valuation Solution // 19 INITIAL PENETRATION INTO SIGNIFICANT UPSTREAM APPLICATIONS No Shelter, No Calibration Gas, Remotely/Continuously Monitored San Antonio Houston Example: 60 days of real-time BTU Values; demonstrates extreme variability. GC Spot Sample Lab Test $4.4MM* ANNUAL PROCEEDS IMPACT PER UNIT *$2.50 $/MMbtu @ 15mmscf/D

Liquids In “Dry Associated Gas” // 20 $1.4MM* IN POTENTIAL ASSOCIATED GAS PROCEEDS High-Value Liquids Found in “Dry Gas” Typical Spectral Response for Associated Gas During Trial Water • Associated gas is “assumed” to be dry gas • GCs remove any liquids prior to measurement • Operators and mineral owners are not being compensated for “carry-over” products Liquids In “Dry Associated Gas” Line *$2.50 $/MMbtu @ 15mmscf/D

Data Analytics: Power Services // 21 PATENTED TECHNOLOGY ENABLES SCALABLE, LOW COST, GRID-FREE ENERGY, & ENGINE PROTECTION City Gas CNG Field Gas Waste/Biogas Measure Control Distribute Reciprocating Engine Gas Turbine Engine Control Module BTU CH4 Number HHV LHV Wobbe Index H2S and CO2 Volume Density ESD Protection Liquids Separation Blending Scrubbing Durability Efficiency Smaller Footprint Emissions Pressure Temperature Plug N Play Redundancy Optimize Volume Diesel (Blending Substitute) Alternative Fuel Source Incumbent Fuel Source

Data Analytics: VeraCal Flare Solution // 22 LEADING FLARE OOOOb/c MEASUREMENT SOLUTION Pictured above: The proprietary VeraCal mobile flaring cart on location 2025 Financial Lookback • $2.2MM in 2025 total revenue, of which $900K in rental revenues • Produced ~60% Gross Margins on total revenues Compliance Approval on Flaring Measurement Application • VeraCal was the first EPA approved alternative measurement solution • Current US administration has rolled back enforcement reducing market demand Our Flare Measurement System is Differentiated • Rugged, simple installation on Combustor, Flare, VRU or ECD • Continuous and autonomous monitoring • No consumable calibration gas

// 23

// 24 • Prescriptive Chemistry Management (PCM)TM – Proprietary energy chemistry solutions – Experienced chemistry energy team – Customized solutions to each well’s geology • AI Driven Analytics from >20,000 wells • 10+ Years with no HSE recordable incidents • Real-Time Field Data to Enhance Performance • Field Correlated Diagnostics • +130 Patents DELIVERING TOP TIER WELL PERFORMANCE IN INDUSTRY Chemistry Technologies: Competitive Advantage

Maximizing Customer Return on Investment Data Analytics/Physics Based Modeling on >20k Wells • +10 years Field Completion Data • Reservoir Similarities and Physicochemical Properties • Production Uplift Curve Analysis • Basin Water and Frac Water Properties A Decade of Data with Predictive Models • Polymer Viscosity & Friction Reduction Predictions • Clay Stabilization Analytics • Scale Inhibitor Database • Formation Damage Mechanism Identification Aligning with Vendors and Customers • Leverage vendor data where applicable • Utilize databases to streamline analytical procedures DATA-DRIVEN GEOCENTRIC MODELING DELIVERS PRECISION CHEMISTRY SOLUTIONS // 25

// 26 Recent Financials Unaudited Condensed Consolidated Balance Sheets (in thousands, except per share data)

Recent Financials Unaudited Condensed Consolidated Statement of Operations (in thousands, except per share data) // 27

// 28 Recent Financials Unaudited Condensed Consolidated Statements of Cash Flows (in thousands)

// 29 1) Management believes that EBITDA and Adjusted EBITDA for the three months ended March 31, 2026 and 2025 are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the adjustments made to net income for certain non-cash or non-recurring items noted above to be outside of the Company’s normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish financial, compensation and operational objectives. Adjusted EBITDA as presented above does not add back non-cash amortization of contract assets totaling $2.2 million and $1.5 million, respectively, during the three months ended March 31, 2026 and 2025. Recent Financials Unaudited Reconciliation of Non-GAAP Items & Non-Cash Items Impacting Earnings (in thousands)(1)

// 30 1) Management believes that EBITDA and Adjusted EBITDA for the twelve months ended December 31, 2025, 2024, 2023 and 2022 are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods. Management views the adjustments made to net income for certain non-cash or non-recurring items noted above to be outside of the Company’s normal operating results. Management analyzes operating results without the impact of the above items as an indicator of performance, to identify underlying trends in the business and cash flow from continuing operations, and to establish financial, compensation and operational objectives. Adjusted EBITDA as presented above does not add back non-cash amortization of contract assets totaling $3.4 million, $5.0 million, $5.6 million and $6.3 million for the years ended December 31, 2022, 2023, 2024 and 2025, respectively. 2) Includes $4.4 million of expenses related to an asset acquisition for the twelve months ended December 31, 2025. Recent Financials Unaudited Reconciliation of Non-GAAP Items & Non-Cash Items Impacting Earnings (in thousands)(1)

FAQ

How did Flotek (FTK) perform financially in Q1 2026?

Flotek posted Q1 2026 revenue of $70.1 million, up 27% from Q1 2025, with gross profit of $15.5 million, up 25%. Adjusted EBITDA rose 44% to $9.1 million, while net income declined to $4.7 million due to higher interest and tax expense.

How fast is Flotek’s Data Analytics segment growing?

Flotek’s Data Analytics revenue grew 295% year over year to $10.4 million in Q1 2026. The segment delivered its highest-ever quarterly revenue and accounted for 50% of total gross profit, up from 8% in the prior-year quarter, highlighting its rising strategic importance.

What 2026 guidance did Flotek (FTK) provide?

For 2026, Flotek expects total revenue between $270 million and $290 million and Adjusted EBITDA between $36 million and $41 million. At the midpoint, this implies roughly high‑teens percentage growth versus 2025, continuing the company’s multi‑year expansion trend.

Why did Flotek’s Q1 2026 net income fall despite higher revenue?

Net income fell to $4.7 million from $5.4 million even as revenue grew, mainly because interest expense rose to $1.3 million and income tax expense increased to $1.6 million. A higher effective tax rate after the 2025 valuation allowance change weighed on reported earnings.

What is Flotek’s Data Analytics backlog and why does it matter?

Flotek reported Q2–Q4 2026 expected Data Analytics backlog of $34.1 million and more than $90 million over three years. This contracted backlog, driven largely by power services, provides clearer visibility into future high‑margin, recurring revenue from its data‑driven solutions.

How significant is the new power services contract for Flotek (FTK)?

The first power services contract, supporting up to 50 MW of deployment, is expected to contribute about $12 million of 2026 revenue at roughly 30% gross margin. It expands Flotek beyond traditional oilfield work into infrastructure and utilities, adding recurring Data Analytics revenue.

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