10-K · March 16, 2026
Flotek continued a shift toward expanding its Data Analytics capabilities in 2025 while sustaining its Chemistry Technologies business. Quarterly revenues increased to $55M, $58M, $56M and $68M in 2025 (totaling…
Earnings analysis · 10-Q
FTK earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Flotek Industries reported first-quarter 2026 revenues of $70.1 million, a substantial increase of 27% compared to the same quarter last year, although diluted EPS was $0.12, missing estimates of $0.15. Segment…
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Flotek Industries reported first-quarter 2026 revenues of $70.1 million, a substantial increase of 27% compared to the same quarter last year, although diluted EPS was $0.12, missing estimates of $0.15. Segment performance varied, with significant growth in the Data Analytics segment, while the Chemistry Technologies segment saw a decline in external revenues.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
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
- $0.12
- Segment
- Chemistry Technologies
- Segment
- Data Analytics
What stood out
-
Strong Revenue Growth
Total revenue increased by $14.7 million, or 27%, from $55.4 million in Q1 2025 to $70.1 million.
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Data Analytics Segment Surge
The Data Analytics segment's revenue from external customers grew by $1.0 million, or 42%, to $3.4 million.
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Significant Contract Award
$19.7 million contract extension with ProFrac includes $12.5 million in equipment credits to bolster the Data Analytics segment.
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Operating Income Rise
Income from operations increased by $2.0 million, or 36%, from $5.6 million in Q1 2025 to $7.6 million.
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Stable Gross Margins
Gross margin remained consistent at 22% for Q1 2026 compared to 22.5% in the same period last year.
-
Positive Cash Flow Despite Losses
Despite a small increase in operating income, net cash provided by operating activities was reduced to $21,000 from $7.3 million in Q1 2025.
What to watch
-
Earnings Miss Analyst Expectations
EPS of $0.12 fell short of the expected $0.15, marking a surprise of -20%.
-
Chemistry Technologies Revenue Decline
CT segment revenues from external customers decreased by $7.3 million, or 33%, to $14.7 million.
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Liquidity Concerns
The company reported a cash flow of just $21,000, a steep decline from $7.3 million the previous year, raising potential liquidity concerns.
Management's outlook
The company provided 2026 revenue guidance of $270 million to $290 million, projecting continued growth despite current market conditions.
Earlier filings 4
10-Q · August 8, 2025
Flotek reported Q2 revenues of $58.35M (up $12.20M or 26.4% vs Q2 2024 $46.15M) with gross profit of $14.407M (gross margin 24.7%). Operating income rose to $2.587M but net income for the quarter was $1.768M (diluted…
10-K · March 12, 2025
Flotek’s 10-K emphasizes a two‑segment strategy (Chemistry Technologies and Data Analytics) focused on sustainable specialty chemistries and real‑time analytics. Material 2024 drivers included $32.4 million of Contract…
10-Q · August 9, 2023
Flotek reported Q2 total revenue of $50,594,000, up $21,221,000 (72%) versus Q2 2022, driven largely by related‑party revenue of $32,774,000. Gross profit swung to $3,904,000 in Q2 2023 from a loss of $2,305,000 in Q2…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.