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FTK

Flotek Industries, Inc.

FTK

Flotek Industries, Inc. • NYSE
$14.29 ▲ 1.85% (+0.26)
Market Cap $427.12 M
52w High $18.96
52w Low $6.05
Dividend Yield 0%
P/E 15.53
Volume 208.71K
Outstanding Shares 29.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $56.031M ▼ $7.933M ▼ $20.355M ▲ 36.328% ▲ $0.568 ▲ $10.969M ▲
Q2-2025 $58.35M ▲ $11.82M ▲ $1.768M ▼ 3.03% ▼ $0.05 ▼ $3.142M ▼
Q1-2025 $55.362M ▲ $6.882M ▼ $5.38M ▲ 9.718% ▲ $0.18 ▲ $5.925M ▲
Q4-2024 $50.758M ▲ $7.134M ▲ $4.43M ▲ 8.728% ▲ $0.15 ▲ $5.268M ▲
Q3-2024 $49.742M $6.396M $2.532M 5.09% $0.09 $3.045M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.603M ▼ $212.687M ▲ $102.189M ▲ $110.498M ▲
Q2-2025 $5.028M ▼ $172.243M ▲ $100.393M ▲ $71.85M ▼
Q1-2025 $6.253M ▲ $170.237M ▼ $50.533M ▼ $119.704M ▲
Q4-2024 $4.404M ▼ $170.796M ▲ $56.896M ▲ $113.9M ▲
Q3-2024 $4.997M $160.649M $51.642M $109.007M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20.355M ▲ $-1.865M ▲ $-388K ▲ $1.815M ▼ $-425K ▲ $-2.253M ▲
Q2-2025 $1.768M ▼ $-4.971M ▼ $-711K ▼ $4.568M ▲ $-1.224M ▼ $-5.682M ▼
Q1-2025 $5.38M ▲ $7.313M ▲ $-591K ▲ $-4.828M ▼ $1.849M ▲ $6.715M ▲
Q4-2024 $4.429M ▲ $-2.564M ▼ $-1.359M ▼ $3.213M ▲ $-592K ▼ $-4.013M ▼
Q3-2024 $2.532M $5.098M $-262K $-4.564M $220K $4.836M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $90.00M ▲$50.00M ▼$50.00M ▲$50.00M ▲
Rental
Rental
 $0 ▲$0 ▲$0 ▲$10.00M ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Flotek’s income statement shows a company that has moved from deep losses to modest profitability over the last few years. Revenue has climbed meaningfully from the low point in 2021, and the business has shifted from negative to positive operating profit and net income more recently. That said, the improvement is still relatively young, and the earnings base is small, so results can swing around. Margins have improved as the mix shifts toward higher‑value services, but the history of earlier losses and earnings volatility suggests the business is still in a transition phase rather than a fully mature, stable earner.

Balance Sheet

Balance Sheet The balance sheet looks cleaner than it did a few years ago. Total assets have grown from the trough in 2021, and shareholder equity has rebuilt from almost nothing in 2022 to a clearly positive level, which is a sign of repair after past losses. Debt appears manageable and has come down sharply from its higher level in 2022, which reduces financial risk. On the other hand, cash balances are lean, leaving less of a cushion if business conditions weaken or if the company needs to invest quickly. Overall, the financial foundation is healthier but not yet robust.

Cash Flow

Cash Flow Cash generation lags the earnings turnaround. Operating cash flow has been slightly negative or near breakeven in recent years, and free cash flow tells a similar story, even though capital spending is very light. This means the accounting profits have not yet translated into strong, consistent cash in the door. The company seems disciplined on investment spending, but it still relies on improving operations and working capital management to strengthen cash flow. Until cash flows become more solid and positive, the financial recovery remains somewhat fragile.

Competitive Edge

Competitive Edge Flotek operates in a niche of the oilfield services market, combining specialized chemistry with real‑time data analytics. Its patented nano‑fluid technologies and data‑driven Prescriptive Chemistry Management give it clear points of differentiation versus more generic chemical suppliers. The long‑term relationship with a major fracturing partner provides scale and a baseline of demand, while the push into data analytics and real‑time monitoring adds higher‑margin, stickier services. Key risks include reliance on a few large customers, exposure to the ups and downs of oil and gas activity, and competition from larger, better‑funded service companies that may try to copy elements of its approach.

Innovation and R&D

Innovation and R&D Innovation is a core strength. Flotek has built a sizable patent portfolio around its complex nano‑fluids and continues to develop new chemistry solutions aimed at improving well performance and lowering environmental impact. The company is also investing in data analytics platforms like JP3 and PWRtek, turning raw operational data into actionable insights for customers. Recent moves—such as acquiring gas monitoring and optimization assets and achieving new technical certifications for its measurement tools—show an effort to deepen its technology edge and create more recurring, high‑margin service streams. The main question is execution: scaling these offerings, integrating them smoothly, and proving they can deliver durable, profitable growth over time.

Summary

Flotek today looks like a turnaround story built on a shift from being a traditional oilfield chemistry supplier to a more technology‑driven solutions provider. Financial results have improved markedly from the severe losses of 2020–2022, with revenue growth and a return to modest profitability, but cash flow is still catching up and the balance sheet, while improved, remains relatively thin on cash. Competitively, the company benefits from specialized chemistry, a strong patent base, and a growing data analytics platform, supported by key industry partnerships. At the same time, it faces concentration risk, sector cyclicality, and the challenge of scaling a differentiated but still relatively small platform in a competitive industry. Future performance will likely hinge on how well Flotek converts its innovative technologies and data services into stable, recurring cash flows while maintaining financial discipline.

NEWS

November 4, 2025 · 4:08 PM UTC

Flotek Reports 95% Gross Profit Growth in Third Quarter

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October 29, 2025 · 4:15 PM UTC

Flotek's 'XSPCT ™' Custody Transfer Unit Becomes the First Optical Spectrometer to Meet GPA 2172 Standard

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October 7, 2025 · 4:05 PM UTC

Flotek Announces Third Quarter 2025 Earnings Release and Conference Call Schedule

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