Flotek Industries, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $237.3M | $187.0M | $188.1M | $136.1M | $43.3M | $53.1M | $119.4M | $177.8M |
| Cost of Revenue | $177.4M | $147.6M | $163.8M | $142.8M | $40.0M | $81.8M | $148.1M | $159.8M |
| Gross Profit | $59.8M | $39.4M | $24.3M | $-6.7M | $3.3M | $-28.7M | $-28.7M | $18.0M |
| Gross Margin | 25.2% | 21.1% | 12.9% | -4.9% | 7.5% | -54.0% | -24.1% | 10.1% |
| Operating Expenses | ||||||||
| Research & Development | $1.8M | $1.7M | $2.5M | $4.4M | $5.5M | $7.2M | $8.9M | $10.4M |
| SG&A Expense | $28.0M | $24.7M | $27.8M | $27.1M | $20.2M | $22.8M | $28.0M | $31.5M |
| Operating Income | $23.2M | $12.2M | $23.2M | $-35.4M | $-31.5M | $-143.6M | $-75.5M | $-69.8M |
| Operating Margin | 9.8% | 6.5% | 12.3% | -26.0% | -72.7% | -270.3% | -63.3% | -39.3% |
| Interest Expense | — | — | $2.9M | $7.1M | $78.0K | $60.0K | $2.0M | $2.9M |
| Pretax Income | $19.7M | $11.1M | $24.9M | $-42.3M | $-30.6M | $-142.6M | $-75.8M | $-80.7M |
| Income Tax Expense | $-10.9M | $649.0K | $149.0K | $-22.0K | $-40.0K | $-6.2M | $262.0K | $-7.2M |
| Net Income | $30.5M | $10.5M | $24.7M | $-42.3M | $-30.5M | $-136.5M | $-33.9M | $-70.3M |
| Net Margin | 12.9% | 5.6% | 13.1% | -31.1% | -70.6% | -256.8% | -28.4% | -39.6% |
| EPS (Basic) | $0.90 | $0.36 | $1.00 | $-1.71 | $-0.21 | $-1.00 | $-0.28 | $-0.61 |
| EPS (Diluted) | $0.84 | $0.34 | $-0.10 | $-1.71 | $-0.21 | $-1.00 | $-0.28 | $-0.61 |
| Shares Outstanding (Basic) | 33.9M | 29.5M | 24.8M | 24.8M | 146.7M | 136.6M | 117.5M | 116.0M |
| Shares Outstanding (Diluted) | 36.2M | 30.9M | 28.4M | 24.8M | 146.7M | 136.6M | 117.5M | 116.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |