ACDC

MKT CAP:$1B

ProFrac Holding Corp.

Market Cap

$1B

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

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

Stock Price

$7.38+$3.34 (+82.67%)

Apr 24, 2026

Company Details

ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North Amer...

CEO

Johnathan Ladd Wilks

IPO Date

May 13, 2022

Website

www.profrac.com

Key Metrics TTM

Revenue

$2.0B

-3.0% YoY

Net Income

-$355M

EPS (Diluted)

-$2.19

Free Cash Flow

$63M

Revenue / Share

$12.30

Gross Margin

6.4%

Operating Margin

-9.1%

Net Margin

-17.8%

FCF Margin

3.1%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

Q4 2025

Mar 13, 2026

$437MEPS -$0.88

Q3 2025

Nov 10, 2025

$403M-29.9%EPS -$0.60

Q3 2024

Nov 6, 2024

$575M+0.2%EPS -$0.29

Q2 2024

Aug 9, 2024

$579MEPS -$0.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$135M	$29M	-$28M
Q1 21	$150M	-$4M	-$20M
Q3 21	$196M	$52M	-$7M
Q2 22	$590M	$186M	$93M
Q3 22	$697M	$236M	$165M
Q3 23	$574M	$86M	$21M
Q2 24	$579M	$83M	-$49M
Q3 24	$575M	$72M	-$4M
Q3 25	$403M	-$24M	-$79M
Q4 25	$437M	-$3M	-$48M

Valuation

Quarter	P/S	P/E
Q4 20	—	—
Q1 21	—	—
Q3 21	—	—
Q2 22	0.7x	—
Q3 22	0.5x	82.3x
Q3 23	0.8x	92.1x
Q2 24	0.5x	—
Q3 24	0.4x	—
Q3 25	0.3x	—
Q4 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$1M	-$7M
Q1 21	$16M	-$1M
Q3 21	$11M	-$6M
Q2 22	$41M	-$34M
Q3 22	$172M	$49M
Q3 23	$124M	$71M
Q2 24	$114M	$52M
Q3 24	$102M	$32M
Q3 25	$900.0K	-$33M
Q4 25	$50M	$13M

Capital Expenditures

Quarter	CapEx
Q4 20	$8M
Q1 21	$17M
Q3 21	$17M
Q2 22	$75M
Q3 22	$123M
Q3 23	$53M
Q2 24	$62M
Q3 24	$70M
Q3 25	$34M
Q4 25	$37M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+415.3%	+226.1%
Q3 23	+283.9%	+226.2%
Q2 24	+195.7%	+209.9%
Q3 24	-2.5%	+16.5%
Q3 25	-42.1%	-9.4%
Q4 25	-24.0%	-12.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q3 21	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q3 23	$0	0.0%
Q2 24	$3M	0.5%
Q3 24	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 20	—	$17M
Q1 21	—	$14M
Q2 22	$84M	—
Q3 22	$65M	—
Q3 23	$53M	—
Q2 24	$54M	—
Q3 24	$52M	—
Q3 25	$43M	—
Q4 25	—	$43M

Revenue Segments

Quarter	Product	Service
Q2 24	$87M	$493M
Q3 24	$69M	$507M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$29M	$0	$29M
Q2 22	$74M	$0	$74M
Q3 22	$65M	$0	$65M
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
Q4 25	$23M	$0	$23M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	39M	—	—
Q1 21	39M	0.0%	—
Q3 21	14M	-64.0%	—
Q2 22	41M	+193.3%	—
Q3 22	41M	+0.3%	+6.0%
Q3 23	159M	+285.5%	+308.6%
Q2 24	160M	+0.5%	+1039.3%
Q3 24	160M	-0.1%	+288.2%
Q3 25	171M	+6.7%	+313.1%
Q4 25	162M	-5.1%	+1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	—	—
Q1 21	—	—
Q3 21	—	—
Q2 22	—	—
Q3 22	—	—
Q3 23	$156.7K	4K
Q2 24	$196.5K	3K
Q3 24	$195.1K	3K
Q3 25	$131.0K	3K
Q4 25	$191.4K	2K

Revenue / Employee