10-K · July 2, 2026
Flowco Holdings Inc. (FLOC) reported a Q1 2026 revenue of $210 million, reflecting a 7.5% increase year-over-year, while the diluted EPS was $0.23, a significant decrease compared to previous quarters. The company…
Earnings analysis · 10-Q
FLOC earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
Flowco reported Q2 2026 revenue of $235.859 million and diluted EPS of $0.36, with revenue up approximately 22.2% year over year and EPS up approximately 71.4% from Q2 2025. Free cash flow remained strong at $49.758…
Read full summary
Flowco reported Q2 2026 revenue of $235.859 million and diluted EPS of $0.36, with revenue up approximately 22.2% year over year and EPS up approximately 71.4% from Q2 2025. Free cash flow remained strong at $49.758 million, but EPS missed the $0.37 consensus estimate. The primary concerns are the continuing material weaknesses in internal controls, multiple prior-period financial statement revisions, and disclosure of a second-quarter cybersecurity incident. No numerical forward revenue or EPS guidance was provided.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.36
What stood out
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Revenue accelerated
Q2 2026 revenue was $235.859 million, up from $210 million in Q1 2026 and $193 million in Q2 2025, representing sequential growth of approximately 12.3% and year-over-year growth of approximately 22.2%.
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EPS improved year over year
Diluted EPS was $0.36, up from $0.23 in Q1 2026 and $0.21 in Q2 2025, increases of approximately 56.5% and 71.4%, respectively; however, EPS was $0.01 below the $0.37 consensus estimate.
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Strong free cash flow
Free cash flow was $49.758 million in Q2 2026, compared with $52 million in Q1 2026 and $46 million in Q2 2025.
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Cyber incident contained
The company stated that its systems and business operations were not materially disrupted by the cybersecurity incident during the second quarter of 2026, and that the incident did not materially affect business, financial condition, results of operations or cash flows.
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Control remediation underway
Management reported progress on remediation, including hiring additional accounting, internal audit and information technology personnel and enhancing controls over reconciliations, journal entries, complex transactions and IT governance.
What to watch
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Material weaknesses remain unresolved
The CEO and CFO concluded that disclosure controls and procedures were not effective as of June 30, 2026 because previously reported material weaknesses continued. The weaknesses include inadequate accounting resources, period-end reporting controls, controls over complex transactions and IT general controls.
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Cybersecurity incident disclosed
During the second quarter of 2026, a threat actor gained unauthorized access to certain company systems and exfiltrated internal business data. Although the company restored access for all systems, it states that future attacks could materially adversely affect operations, cash flows and financial condition.
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Prior-period reporting revisions
The filing states that the control weaknesses resulted in revisions to previously issued financial statements for the three and six months ended June 30, 2025, the three and nine months ended September 30, 2025, the three months ended March 31, 2026, and other prior periods; a reclassification between additional paid-in capital and retained earnings was also recorded for the six months ended June 30, 2026.
Management's outlook
No numerical forward revenue or EPS guidance was provided in the filing. Management said Q2 2026 results were within the original guidance range; the quantitative range was not disclosed here.
Earlier filings 3
10-Q · July 2, 2026
Flowco Holdings Inc. (FLOC) experienced a notable increase in revenue for Q2 2026, reaching $235.4 million, marking a 10.6% rise from the prior quarter but a decrease from the prior year's $235.8 million. The diluted…
10-Q · May 6, 2026
Flowco Holdings Inc. (FLOC) reported a strong Q1 2026, with revenues reaching $209.5 million and EPS of $0.48, both exceeding estimates. Driven by a significant increase in rental revenue and successful integration of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.