FLOTEK INDUSTRIES INC/CN/
For the period ended Nov 3, 2026. Filed Nov 3, 2026.
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Nov 3, 2026 · Filed Nov 3, 2026
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FTK$24.45+10.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except share data)
(in thousands, except share data)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $21,275 | $5,731 |
| Restricted cash | 105 | 104 |
| Accounts receivable, net of allowance for credit losses of $1,109 and $764 at September 30, 2026 and December 31, 2025, respectively | 66,015 | 19,043 |
| Accounts receivable, related party, net of allowance for credit losses of $0 at September 30, 2026 and December 31, 2025 | 72,621 | 64,204 |
| Equipment credit, related party | 8,230 | — |
| Inventories, net | 33,722 | 10,629 |
| Other current assets | 1,963 | 3,445 |
| Current contract asset | 9,185 | 7,621 |
| Total current assets | 213,116 | 110,777 |
| Long-term contract asset | 46,479 | 55,115 |
| Property and equipment, net | 24,541 | 20,344 |
| Right-of-use assets | 3,094 | 3,083 |
| Deferred tax assets, net | 22,372 | 29,152 |
| Other long-term assets | 1,509 | 1,578 |
| TOTAL ASSETS | $311,111 | $220,049 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $74,485 | $48,317 |
| Accrued liabilities | 6,903 | 7,256 |
| Income taxes payable | 1,293 | 258 |
| Interest payable | 151 | — |
| Interest payable, related party | — | 1,008 |
| Current portion of operating lease liabilities | 1,574 | 1,251 |
| Current portion of finance lease liabilities | 164 | 153 |
| Asset-based loan | 7,933 | 3,332 |
| Total current liabilities | 92,503 | 61,575 |
| Deferred revenue, long-term | 51 | — |
| Term loan facility, net of deferred financing costs, including $11,671 held by related party, net of deferred financing costs | 70,028 | — |
| Note payable - related party, net of deferred financing costs | — | 39,584 |
| Long-term operating lease liabilities | 4,912 | 5,608 |
| Long-term finance lease liabilities | 100 | 224 |
| TOTAL LIABILITIES | 167,594 | 106,991 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.0001 par value, 240,000,000 shares authorized; 37,440,565 shares issued and 36,218,789 shares outstanding at September 30, 2026; 31,320,960 shares issued and 30,130,480 shares outstanding at December 31, 2025 | 4 | 3 |
| Additional paid-in capital | 438,129 | 434,964 |
| Accumulated other comprehensive income | 155 | 96 |
| Accumulated deficit | (257,857) | (285,780) |
| Treasury stock, at cost; 1,221,776 and 1,190,480 shares at September 30, 2026 and December 31, 2025, respectively | (36,914) | (36,225) |
| Total stockholders’ equity | 143,517 | 113,058 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $311,111 | $220,049 |
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