ACDC (ProFrac Holding Corp.) Stock Financials & Earnings | Market Cap Arena

ACDC (ProFrac Holding Corp.) Stock Financials & Earnings | Market Cap Arena

ACDCProFrac Holding Corp.

Mkt Cap$1B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NASDAQ

Revenue (TTM)$2.0B

Net Income (TTM)-$329M

EPS (TTM)-$2.05

Free Cash Flow (TTM)$20M

Gross Margin3.9%

Op. Margin-8.4%

Net Margin-16.8%

FCF Margin1.0%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)—

YoY Rev Growth-11.9%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$794M	$226M	$114M
Q1 23	$858M	$201M	$107M
Q2 23	$709M	$126M	$54M
Q3 23	$574M	$86M	$21M
Q4 23	$489M	$58M	-$14M
Q1 24	$582M	$95M	$40M
Q2 24	$579M	$83M	-$49M
Q3 24	$575M	$72M	-$4M
Q4 24	$455M	$4M	-$47M
Q1 25	$600M	$75M	$16M
Q2 25	$502M	$23M	-$54M
Q3 25	$403M	-$24M	-$79M

Valuation

Quarter	P/S	P/E
Q4 22	0.4x	31.6x
Q1 23	0.4x	19.1x
Q2 23	0.3x	23.0x
Q3 23	0.4x	—
Q4 23	0.4x	—
Q1 24	0.5x	—
Q2 24	0.5x	—
Q3 24	0.5x	—
Q4 24	0.5x	—
Q1 25	0.5x	—
Q2 25	0.5x	—
Q3 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$159M	$42M
Q1 23	$234M	$150M
Q2 23	$154M	$56M
Q3 23	$124M	$71M
Q4 23	$43M	$10M
Q1 24	$79M	$19M
Q2 24	$114M	$52M
Q3 24	$102M	$32M
Q4 24	$77M	$13M
Q1 25	$39M	-$14M
Q2 25	$100M	$54M
Q3 25	$900K	-$33M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$117M
Q1 23	$83M
Q2 23	$98M
Q3 23	$53M
Q4 23	$33M
Q1 24	$60M
Q2 24	$62M
Q3 24	$70M
Q4 24	$63M
Q1 25	$53M
Q2 25	$47M
Q3 25	$34M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+21.5%	-1.5%
Q1 23	+148.6%	+138.3%
Q2 23	+20.2%	+31.8%
Q3 23	-17.6%	+4.1%
Q4 23	-38.4%	-26.0%
Q1 24	-32.2%	-27.9%
Q2 24	-18.3%	-4.1%
Q3 24	+0.2%	+4.7%
Q4 24	-7.0%	-0.4%
Q1 25	+3.2%	+7.9%
Q2 25	-13.4%	-11.5%
Q3 25	-29.9%	-16.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$14M	1.8%
Q1 23	$13M	1.5%
Q2 23	$10M	1.4%
Q3 23	$0	0.0%
Q4 23	$3M	0.5%
Q1 24	$2M	0.4%
Q2 24	$3M	0.5%
Q3 24	$0	0.0%
Q4 24	$1M	0.3%
Q1 25	$1M	0.2%
Q2 25	$800K	0.2%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 22	—	$51M
Q1 23	$78M	—
Q2 23	$64M	—
Q3 23	$53M	—
Q4 23	$59M	—
Q1 24	$51M	—
Q2 24	$54M	—
Q3 24	$52M	—
Q4 24	$48M	—
Q1 25	$54M	—
Q2 25	$51M	—
Q3 25	$43M	—

Revenue Segments

Quarter	Product	Service
Q1 24	$76M	$505M
Q2 24	$87M	$493M
Q3 24	$69M	$507M
Q1 25	$76M	$524M
Q2 25	$70M	$432M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$35M	$0	$35M
Q1 23	$70M	$0	$70M
Q2 23	$27M	$0	$27M
Q3 23	$26M	$0	$26M
Q4 23	$25M	$0	$25M
Q1 24	$28M	$0	$28M
Q2 24	$24M	$0	$24M
Q3 24	$26M	$0	$26M
Q4 24	$15M	$0	$15M
Q1 25	$16M	$0	$16M
Q2 25	$26M	$0	$26M
Q3 25	$58M	$0	$58M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	54M	+30.6%
Q1 23	55M	+1.7%
Q2 23	149M	+171.0%
Q3 23	159M	+7.1%
Q4 23	159M	+0.0%
Q1 24	160M	+0.3%
Q2 24	160M	+0.3%
Q3 24	160M	-0.1%
Q4 24	160M	+0.0%
Q1 25	160M	+0.1%
Q2 25	160M	+0.0%
Q3 25	171M	+6.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$662K	4K
FY 23	$892K	3K
FY 24	$712K	3K