FTK

MKT CAP:$511M

Flotek Industries, Inc.

Market Cap

$511M

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

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

Stock Price

$15.62-$1.43 (-8.39%)

Apr 17, 2026

Company Details

Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in...

CEO

Ryan Gillis Ezell

IPO Date

Jul 27, 2005

Website

www.flotekind.com

Key Metrics TTM

Revenue

$237M

+26.9% YoY

Net Income

$31M

EPS (Diluted)

$0.83

Free Cash Flow

$5M

Revenue / Share

$6.56

Gross Margin

24.4%

Operating Margin

11.9%

Net Margin

12.9%

FCF Margin

2.0%

P/S

2.2x

P/E

16.7x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Mar 16, 2026

$237M+26.9%EPS $0.84

Q4 2025

Mar 16, 2026

$68M+33.0%EPS $0.08

Q3 2025

Nov 7, 2025

$56M+12.6%EPS $0.53

Q2 2025

Aug 8, 2025

$58M+26.4%EPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$13M	-$479.0K	-$10M
Q2 22	$29M	-$2M	$8M
Q3 22	$46M	-$2M	-$16M
Q4 22	$48M	-$2M	-$17M
Q1 23	$48M	$2M	$19M
Q2 23	$51M	$4M	$672.0K
Q3 23	$47M	$9M	$2M
Q4 23	$42M	$9M	$2M
Q1 24	$40M	$9M	$2M
Q2 24	$46M	$9M	$2M
Q3 24	$50M	$9M	$3M
Q4 24	$51M	$12M	$5M
Q1 25	$55M	$12M	$6M
Q2 25	$58M	$14M	$3M
Q3 25	$56M	$17M	$9M
Q4 25	$68M	$14M	$11M

Valuation

Quarter	P/S	P/E
Q1 22	2.2x	—
Q2 22	2.1x	—
Q3 22	0.8x	—
Q4 22	1.2x	—
Q1 23	0.7x	—
Q2 23	0.7x	—
Q3 23	0.7x	36.5x
Q4 23	0.6x	4.2x
Q1 24	0.6x	22.5x
Q2 24	0.8x	19.9x
Q3 24	0.8x	17.9x
Q4 24	1.5x	26.1x
Q1 25	1.2x	17.2x
Q2 25	2.0x	31.1x
Q3 25	2.2x	15.3x
Q4 25	2.6x	20.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$8M	-$8M
Q2 22	-$15M	-$15M
Q3 22	-$23M	-$23M
Q4 22	$3M	$2M
Q1 23	$1M	$983.0K
Q2 23	-$3M	-$4M
Q3 23	-$7M	-$7M
Q4 23	-$2M	-$3M
Q1 24	$4M	$4M
Q2 24	-$3M	-$3M
Q3 24	$5M	$5M
Q4 24	-$3M	-$4M
Q1 25	$7M	$7M
Q2 25	-$5M	-$6M
Q3 25	-$2M	-$2M
Q4 25	$6M	$6M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$5.0K
Q3 22	$170.0K
Q4 22	$246.0K
Q1 23	$157.0K
Q2 23	$135.0K
Q3 23	$301.0K
Q4 23	$488.0K
Q1 24	$152.0K
Q2 24	$77.0K
Q3 24	$262.0K
Q4 24	$1M
Q1 25	$598.0K
Q2 25	$711.0K
Q3 25	$388.0K
Q4 25	$287.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+9.4%	+15.7%
Q2 22	+220.5%	+28.3%
Q3 22	+348.2%	+548.4%
Q4 22	+296.7%	+128.2%
Q1 23	+272.8%	+27.3%
Q2 23	+72.2%	+134.0%
Q3 23	+3.6%	-26.3%
Q4 23	-12.5%	-38.9%
Q1 24	-15.9%	+29.7%
Q2 24	-8.8%	-12.0%
Q3 24	+5.2%	+3.0%
Q4 24	+20.3%	+14.7%
Q1 25	+37.1%	+30.1%
Q2 25	+26.4%	+26.9%
Q3 25	+12.6%	-0.5%
Q4 25	+33.0%	+24.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	-$1M	-2.3%
Q2 23	$276.0K	0.5%
Q3 23	$0	0.0%
Q4 23	$311.0K	0.7%
Q1 24	$311.0K	0.8%
Q2 24	$0	0.0%
Q3 24	$273.0K	0.5%
Q4 24	$0	0.0%
Q1 25	$461.0K	0.8%
Q2 25	$0	0.0%
Q3 25	$569.0K	1.0%
Q4 25	$594.0K	0.9%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$1M	$5M
Q2 22	$1M	$7M
Q3 22	$985.0K	$9M
Q4 22	$923.0K	$6M
Q1 23	$614.0K	$6M
Q2 23	$860.0K	$8M
Q3 23	$757.0K	$7M
Q4 23	$255.0K	$7M
Q1 24	$406.0K	$6M
Q2 24	$481.0K	$6M
Q3 24	$462.0K	$6M
Q4 24	$365.0K	$7M
Q1 25	$355.0K	$6M
Q2 25	$455.0K	$7M
Q3 25	$549.0K	$7M
Q4 25	$463.0K	$8M

Revenue Segments

Quarter	Product	Service	Rental
Q1 22	$12M	$680.0K	—
Q2 22	$29M	$785.0K	—
Q3 22	$45M	$1M	—
Q4 22	$47M	$1M	—
Q1 23	$47M	$1M	—
Q2 23	$49M	$2M	—
Q3 23	$46M	$1M	—
Q1 24	$39M	$1M	—
Q2 24	$45M	$1M	—
Q3 24	$48M	$1M	—
Q1 25	$54M	$2M	—
Q2 25	$53M	$2M	$3M
Q3 25	$48M	$2M	$6M
Q4 25	$59M	$2M	$7M

Revenue by Geography

Quarter	Non-US	United Arab Emirates	United States
Q1 22	$1M	$1M	$10M
Q2 22	$279.0K	$3M	$26M
Q3 22	$711.0K	$2M	$43M
Q4 22	$213.0K	$3M	$45M
Q1 23	$478.0K	$1M	$46M
Q2 23	$360.0K	$2M	$49M
Q3 23	$867.0K	—	$46M
Q1 24	$374.0K	$741.0K	$39M
Q2 24	$341.0K	$2M	$44M
Q3 24	$652.0K	$592.0K	$48M
Q1 25	$396.0K	$3M	$52M
Q2 25	$507.0K	$3M	$54M
Q3 25	$137.0K	$2M	$54M
Q4 25	$319.0K	$1M	$66M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$25M	$0	$25M
Q2 22	$33M	$0	$33M
Q3 22	$9M	$0	$9M
Q4 22	$12M	$0	$12M
Q1 23	$12M	$0	$12M
Q2 23	$9M	$0	$9M
Q3 23	$4M	$0	$4M
Q4 23	$6M	$0	$6M
Q1 24	$5M	$0	$5M
Q2 24	$5M	$0	$5M
Q3 24	$5M	$0	$5M
Q4 24	$4M	$0	$4M
Q1 25	$6M	$0	$6M
Q2 25	$5M	$0	$5M
Q3 25	$5M	$0	$5M
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	12M	+2.9%	+7.9%
Q2 22	12M	+1.0%	+7.3%
Q3 22	13M	+1.0%	+7.3%
Q4 22	12M	-0.6%	+4.3%
Q1 23	26M	+112.1%	+115.0%
Q2 23	28M	+6.8%	+127.3%
Q3 23	31M	+8.6%	+144.5%
Q4 23	30M	-0.6%	+144.4%
Q1 24	30M	-0.6%	+14.6%
Q2 24	31M	+1.2%	+8.6%
Q3 24	31M	+0.7%	+0.7%
Q4 24	31M	+1.7%	+3.1%
Q1 25	32M	+1.0%	+4.7%
Q2 25	36M	+14.1%	+18.1%
Q3 25	38M	+5.3%	+23.4%
Q4 25	36M	-5.2%	+15.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$98.3K	131
Q2 22	$224.2K	131
Q3 22	$348.3K	131
Q4 22	$330.3K	146
Q1 23	$328.8K	146
Q2 23	$346.5K	146
Q3 23	$323.8K	146
Q4 23	$289.0K	146
Q1 24	$276.5K	146
Q2 24	$316.1K	146
Q3 24	$340.7K	146
Q4 24	$357.5K	142
Q1 25	$389.9K	142
Q2 25	$410.9K	142
Q3 25	$394.6K	142
Q4 25	$422.0K	160

Revenue / Employee