FTK earnings analysis
What we found in FTK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Total revenue increased by $14.7 million, or 27%, from $55.4 million in Q1 2025 to $70.1 million.
- Data Analytics Segment Surge
- The Data Analytics segment's revenue from external customers grew by $1.0 million, or 42%, to $3.4 million.
- Significant Contract Award
- $19.7 million contract extension with ProFrac includes $12.5 million in equipment credits to bolster the Data Analytics segment.
- Operating Income Rise
- Income from operations increased by $2.0 million, or 36%, from $5.6 million in Q1 2025 to $7.6 million.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.12
- Gross margin
- 22.2%
- Operating margin
- 10.8%
- Segment
- Chemistry Technologies
- Segment
- Data Analytics
What they said about what is next.
The company provided 2026 revenue guidance of $270 million to $290 million, projecting continued growth despite current market conditions.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing FTK makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever