AI-extracted from the 10-Q filed 2026-08-11 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Sales revenue reached $103.2M in Q2 FY2026, up 13% YoY on incremental downhole-component sales from the Valiant Acquisition, even as Flowco disclosed a Q2 cybersecurity breach and continued material weaknesses in internal controls.
Biggest Revenue Drivers
Production Solutions$85.6M+22% YoY
Higher sales of downhole components, primarily incremental sales from the Valiant Acquisition completed in March 2026
Natural Gas Technologies$31.3M-17% YoY
VRU sales declined as customers shifted from purchasing to renting equipment, partly offset by higher natural gas systems sales
Biggest Revenue Drivers
Total revenue: $103.2M+13% YoY
Production Solutions$85.6M+22% YoY
Higher sales of downhole components, primarily incremental sales from the Valiant Acquisition completed in March 2026
Natural Gas Technologies$31.3M-17% YoY
VRU sales declined as customers shifted from purchasing to renting equipment, partly offset by higher natural gas systems sales
Largest Expense Items
Cost of sales$74.2M+19% YoY
Approximately $13.0M of incremental cost of sales from the Valiant Acquisition and higher Natural Gas Technologies customer orders
Depreciation and amortization$49.4M+49% YoY
About $8.1M from the Valiant Acquisition plus continued expansion of the rental fleet
Selling, general and administrative$35.7M+9% YoY
About $4.1M incremental SG&A from the Valiant Acquisition, partly offset by lower legal/professional fees
Cost of rentals$35.2M+28% YoY
Higher Surface Equipment fleet maintenance, operating costs and labor from increased headcount
Margins: Income from operations rose 11% YoY to $41.2 million as revenue growth from the Valiant Acquisition and rental fleet expansion outpaced a 49% increase in depreciation and amortization tied to the acquisition and fleet growth.
Watch Items from the Filing
In Q2 2026 a threat actor gained unauthorized access to certain company systems and exfiltrated internal business data; the company says the incident did not materially affect operations.
Management concluded disclosure controls were not effective as of June 30, 2026 due to previously identified material weaknesses, including insufficient accounting resources and ineffective IT general controls.
Total Tax Receivable Agreement liability grew to $108.2 million, requiring payment of 85% of certain realized tax benefits to Continuing Equity Owners; $3.5 million is due within 12 months.
Company accrued an $8.0 million estimated loss on legal matters, though it expects to recover substantially all of it under insurance.
Rental fleet growth remained strong: Surface Equipment average active systems rose ~12% YoY with an 8% higher average monthly rental rate, supporting durable rental revenue.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Talton Brooks Mims IIIEVP, Natural Gas TechnologiesConversion of derivative · Feb 27, 2026
Byers Jonathan W.Chief Financial OfficerGrant or award · Jan 1, 2026
Lambert Joel ChristianSVP & General CounselGrant or award · Jan 1, 2026
Merrill James AControllerGrant or award · Jan 1, 2026
Edwards Joseph RChief Executive OfficerGrant or award · Jan 1, 2026
About Flowco Holdings Inc. (FLOC): stock profile, AI score and financials
Flowco Holdings Inc. (FLOC) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores FLOC at 65.3/100 on a composite quality score built from its SEC filings, placing it at rank #487 of 2,925 stocks — the top 25% of the AI-ranked universe. FLOC scores in the top quartile across institutional flow (96.6), earnings quality (89.2), revenue growth (81.4). Shareholder dilution risk is elevated at 46.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Flowco Holdings Inc. reports quarterly revenue of $235.9M, net income of $12.5M, an operating margin of 17.5%. Top institutional holders of FLOC by reported 13-F value include FMR, WD Thunder CV Ultimate GP, PRICE T ROWE ASSOCIATES, based on the most recent SEC filings. FLOC trades on the NYSE exchange and files with the SEC under CIK 2035149. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FLOC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Flowco Holdings Inc. directly from SEC EDGAR.