Flotek Industries (FTK) Financial Statements & Analysis

Flotek Industries (FTK) Income Statement

Flotek Industries reported revenue of $237.26M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 26.9% from $187.03M a year earlier. Net income was $30.53M, up 190.8% year over year, a net margin of 12.9%. Gross margin was 25.2% and operating margin 11.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $99.37M, up 70.3% from the same quarter a year earlier.

Flotek Industries Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Flotek Industries, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	237.26	187.03	188.06	136.09	43.27	43.27	53.14	119.35	177.77	317.10
Cost of Revenue	177.43	147.64	163.80	142.79	40.01	47.61	81.81	8.47	9.22	227.29
Gross Profit	59.83	39.39	24.26	-6.70	3.26	3.26	-28.67	110.89	168.56	89.81
Operating Expenses
Research & Development	1.82	1.71	2.49	4.44	5.54	5.54	7.21	8.86	10.36	13.65
Selling, General & Administrative	28.05	24.71	27.83	27.12	20.17	20.17	22.76	27.98	31.47	41.49
Operating Expenses	31.70	27.19	1.04	32.30	34.71	34.71	114.98	186.39	201.63	92.37
Operating Income	28.13	12.20	23.22	-39.00	-31.46	-31.46	-143.65	-75.50	-69.81	-2.86
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Interest Expense	3.94	-1.10	-2.86	7.05	0.08	-0.08	0.06	2.02	2.87	2.17
Other Income/Expense	-8.47	-1.05	1.64	3.72	0.89	0.89	1.02	-0.31	-10.85	-1.07
Income
Income Before Tax	19.66	11.15	24.86	-42.33	-30.57	-30.57	-142.63	-75.81	-80.66	-4.21
Income Tax Expense	-10.87	0.65	0.15	-0.02	-0.04	-0.04	-6.18	0.26	-7.22	8.84
Net Income	30.53	10.50	24.71	-42.31	-30.53	-30.53	-136.45	-33.92	-70.34	-27.40
Net Income - Continuous Operations	30.53	10.50	24.71	-42.31	-30.53	-30.53	-136.45	-33.92	-70.34	-27.40
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	25.43	12.96	-6.05	-34.54	-29.48	-30.05	-139.16	-65.33	-68.58	0.54
EBIT	23.59	12.07	-6.78	-35.28	-	-31.06	-62.06	-	-	-
Depreciation & Amortization	1.84	0.89	0.73	0.73	1.01	1.01	3.41	8.47	9.22	9.77
Earnings Per Share
Basic EPS	1.00	-	1.00	-3.00	-3.00	-2.00	-12.00	-3.00	-7.00	-3.00
Diluted EPS	1.00	-	-	-3.00	-3.00	-3.00	-12.00	-3.00	-7.00	-3.00
Basic Shares Outstanding	33.90	29.53	24.83	12.40	12.23	12.23	11.39	9.79	9.67	9.60
Diluted Shares Outstanding	36.16	30.89	28.38	12.40	12.23	12.23	11.39	9.79	9.67	9.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Flotek Industries Financial Statements

What was Flotek Industries's revenue in fiscal 2025?

Flotek Industries reported revenue of $237.26M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 26.9% from $187.03M a year earlier.

Is Flotek Industries profitable?

Yes. Flotek Industries earned net income of $30.53M in fiscal 2025, a net margin of 12.9%. In fiscal 2024 it earned $10.50M.

What is Flotek Industries's operating margin?

Flotek Industries's operating income was $28.13M on revenue of $237.26M in fiscal 2025, an operating margin of 11.9%, compared with 6.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition