FLOC

MKT CAP:$2B

Flowco Holdings Inc.

Market Cap

$2B

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

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

Stock Price

$23.67+$4.65 (+24.45%)

Apr 17, 2026

Company Details

Flowco Holdings Inc. operates as a holding company. The Company, through its subsidiaries, specializes in production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry.

CEO

Joseph Robert Edwards

IPO Date

Jan 16, 2025

Website

www.flowco-inc.com

Key Metrics TTM

Revenue

$526M

— YoY

Net Income

$70M

EPS (Diluted)

$2.80

Free Cash Flow

$98M

Revenue / Share

$19.17

Gross Margin

40.2%

Operating Margin

22.4%

Net Margin

13.4%

FCF Margin

18.6%

P/S

4.2x

P/E

31.7x

Earnings Reports

Q4 2025

May 12, 2026

PENDING

Q3 2025

Nov 5, 2025

$177M-6.6%EPS $0.32

FY 2024

Mar 19, 2025

$535M+120.0%EPS $10.41

Q3 2024

Sep 30, 2024

$189M+200.8%EPS $2.06

Q2 2024

Jun 30, 2024

$93M+77.7%EPS $0.23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 23	$52M	$32M	$17M
Q3 23	$63M	$36M	$21M
Q1 24	$67M	$27M	$22M
Q2 24	$93M	$35M	$28M
Q3 24	$189M	$89M	$33M
Q3 25	$177M	$61M	$35M

Valuation

Quarter	P/S	P/E
Q2 23	—	—
Q3 23	—	—
Q1 24	—	—
Q2 24	9.2x	38.8x
Q3 24	6.1x	34.3x
Q3 25	2.7x	20.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$20M	$7M
Q3 23	$21M	$9M
Q1 24	$28M	$13M
Q2 24	$22M	$9M
Q3 24	$67M	$32M
Q3 25	$82M	$43M

Capital Expenditures

Quarter	CapEx
Q2 23	$13M
Q3 23	$12M
Q1 24	$15M
Q2 24	$13M
Q3 24	$35M
Q3 25	$40M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 24	+261.0%	+342.8%
Q3 25	+181.0%	+241.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$25.5K	0.0%
Q3 23	$17.0K	0.0%
Q1 24	$17.0K	0.0%
Q2 24	$136.0K	0.1%
Q3 24	$356.0K	0.2%
Q3 25	$1M	0.8%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 23	$4M	$24.0K	—
Q3 23	$4M	$48.0K	—
Q1 24	—	—	$4M
Q2 24	—	—	$7M
Q3 24	$25M	$155.0K	—
Q3 25	—	—	$26M

Revenue Segments

Quarter	Downhole Components	Natural Gas, Production	Surface Equipment	Vapor Recovery
Q3 25	$64M	$80.0K	$62M	$51M

Revenue by Geography

Quarter	Non-US	United States
Q3 25	$2M	$175M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$0	$0	$0
Q1 24	$0	$0	$0
Q2 24	$5M	$0	$5M
Q3 24	$23M	$0	$23M
Q4 24	$5M	$0	$5M
Q1 25	$687.0K	$0	$687.0K
Q2 25	$9M	$0	$9M
Q3 25	$7M	$0	$7M
Q4 25	$5M	$0	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 23	5M	—	—
Q3 23	5M	-5.5%	—
Q1 24	91M	+1675.4%	—
Q2 24	88M	-2.9%	—
Q3 24	91M	+3.0%	+1577.4%
Q3 25	27M	-69.7%	+438.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 23	—	—
Q3 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q3 25	$137.9K	1K

Revenue / Employee