Flotek Industries (FTK) financial statements
Flotek Industries reported revenue of $237M in fiscal 2025, up 2.6% a year over 9 years.
Net income was $31M and the operating margin 9.8%, against -9.0% in 2016.
Free cash flow was $5M.
The diluted share count rose 287% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Flotek Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $188M | $243M | $178M | $119M | $53M | $40M | $136M | $188M | $187M | $237M |
| Cost of revenue | $170M | $215M | $160M | $148M | $82M | $40M | $143M | $164M | $148M | $177M |
| Gross profit | $91M | $28M | $18M | -$29M | -$29M | $3M | -$7M | $24M | $39M | $60M |
| Research and development | $9M | $13M | $10M | $9M | $7M | $6M | $4M | $2M | $2M | $2M |
| Selling, general and admin | $44M | $41M | $31M | $28M | $23M | $20M | $27M | $28M | $25M | $28M |
| Operating income | -$17M | -$10M | -$70M | -$76M | -$144M | -$31M | -$35M | $23M | $12M | $23M |
| Interest expense | $2M | $2M | $3M | $2M | $60,000 | $78,000 | $7M | $3M | $1M | $4M |
| Pre-tax income | -$7M | -$11M | -$81M | -$76M | -$143M | -$31M | -$42M | $25M | $11M | $20M |
| Income tax | -$2M | $6M | -$7M | $262,000 | -$6M | -$40,000 | -$22,000 | $149,000 | $649,000 | -$11M |
| Net income | -$49M | -$27M | -$70M | -$34M | -$136M | -$31M | -$42M | $25M | $10M | $31M |
| EPS (diluted) | -$5.28 | -$2.82 | -$7.26 | -$3.30 | -$12.00 | -$2.52 | -$3.41 | -$0.10 | $0.34 | $0.84 |
| Diluted shares | 9M | 10M | 10M | 10M | 11M | 12M | 12M | 28M | 31M | 36M |
| Gross margin | 48.2% | 11.5% | 10.1% | -24.1% | -54.0% | 8.2% | -4.9% | 12.9% | 21.1% | 25.2% |
| Operating margin | -9.0% | -4.2% | -39.3% | -63.3% | -270.3% | -79.4% | -26.0% | 12.3% | 6.5% | 9.8% |
| Net margin | -26.1% | -11.3% | -39.6% | -28.4% | -256.8% | -77.0% | -31.1% | 13.1% | 5.6% | 12.9% |
Balance sheet
Fiscal years, from Flotek Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $5M | $3M | $101M | $39M | $12M | $12M | $6M | $4M | $6M |
| Receivables | $47M | $35M | $37M | $16M | $12M | $12M | $19M | — | — | — |
| Inventory | $58M | $32M | $27M | $23M | $12M | $9M | $16M | $13M | $13M | $11M |
| Total current assets | $189M | $138M | $195M | $154M | $66M | $43M | $80M | $76M | $96M | $111M |
| Property, plant and equipment | $75M | $53M | $45M | $40M | $9M | $5M | $5M | $5M | $6M | $20M |
| Goodwill | $57M | $37M | $0 | $0 | $8M | $0 | — | — | — | — |
| Total assets | $383M | $330M | $286M | $231M | $86M | $50M | $165M | $158M | $171M | $220M |
| Total current liabilities | $88M | $65M | $84M | $41M | $29M | $19M | $151M | $48M | $50M | $62M |
| Long-term debt | $8M | $0 | — | $0 | $2M | $3M | $3M | $60,000 | $0 | — |
| Total liabilities | $96M | $65M | $84M | $59M | $39M | $30M | $162M | $56M | $57M | $107M |
| Shareholders' equity | $287M | $265M | $202M | $172M | $47M | $20M | $3M | $102M | $114M | $113M |
| Net debt | $44M | $23M | $47M | -$101M | -$33M | -$7M | -$10M | -$6M | -$4M | -$6M |
Cash flow
Fiscal years, from Flotek Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $12M | -$21M | -$5M | -$48M | -$26M | -$45M | -$11M | $3M | $7M |
| Capital spending | $13M | $4M | $4M | $2M | $1M | $39,000 | $421,000 | $1M | $2M | $2M |
| Free cash flow | -$11M | $8M | -$24M | -$7M | -$49M | -$26M | -$45M | -$12M | $1M | $5M |
| Stock-based compensation | $11M | $11M | $7M | $4M | $3M | $4M | $3M | -$254,000 | $1M | $2M |
| Share buybacks (net) | $0 | -$5M | $0 | $0 | — | — | — | — | — | — |
| Net borrowing | — | — | — | — | — | — | $0 | -$149,000 | -$179,000 | -$60,000 |
| Free cash flow margin | -5.9% | 3.4% | -13.7% | -5.8% | -92.7% | -65.3% | -33.1% | -6.6% | 0.8% | 2.2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for FTK.
Open FTK in InvestinglyQuestions
What was Flotek Industries's revenue in 2025?
$237M in fiscal 2025, from its 10-K filing.
How much free cash flow does Flotek Industries generate?
$5M in fiscal 2025 (operating cash flow minus capital spending).
From Flotek Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.