AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Flotek Q2 revenue surged 70% YoY to $99.4M, driven by ProFrac chemistry sales, the Lease Agreement, and a new Utility Support Contract, as DA segment swung to $10.2M operating profit.
Biggest Revenue Drivers
Data Analytics$19.2M+359% YoY
Lease Agreement revenue of $6.8M, Utility Support Contract revenue of $5.9M, and increased product volumes; Lease Agreement closed late-April 2025.
Biggest Revenue Drivers
Total revenue: $99.4M+70% YoY
Data Analytics$19.2M+359% YoY
Lease Agreement revenue of $6.8M, Utility Support Contract revenue of $5.9M, and increased product volumes; Lease Agreement closed late-April 2025.
Largest Expense Items
Cost of sales$75.6M+72% YoY
Increased costs from higher product sales and costs related to Lease Agreement and Utility Support Contract.
Selling, general and administrative$7.7M+14% YoY
Increased stock compensation expense and increased professional fees.
Interest expense$1.4M+39% YoY
Increased interest payments as a result of the PWRtek Note compared to same period of 2025.
Margins: Gross margin declined slightly to 23.9% in Q2 2026 from 24.7% in Q2 2025, driven by higher product mix and Lease Agreement costs. Operating margin improved to 15.0% in Q2 2026 from 4.4% in Q2 2025, benefiting from higher revenue and $4.2M of asset acquisition expenses in 2025 with no comparable charge in 2026.
Watch Items from the Filing
ProFrac concentration: Customer A (ProFrac) represented 56.5% of Q2 2026 revenue ($56.1M) and 63.8% of H1 2026 revenue ($108.0M); ProFrac Controls ~61% of common stock.
PREPA Contract backlog at risk: $400M 10-year backlog announced July 2026 with ~90% execution by third parties; deployment delays could impact projected $40M annual revenue.
Utility Support Contract paused: Initial power generation under six-month contract paused due to infrastructure delays; no assurance of extension beyond initial term.
ABL maturity extended to October 31, 2026 with extension option requiring 30 days' notice; $10.4M drawn, $6.6M available; early termination fee of $50K or 1.5% if extended then terminated.
ProFrac minimum purchase shortfall: Company does not expect 2026 minimum purchase requirements to be met; H1 2026 related party revenue reflects only $3.9M in Contract Shortfall Fees vs $15.2M in H1 2025.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Farber Evan RDirectorGrant or award · May 15, 2026
Ibrahim Christina MSVP, Gen Cncl, Chief Compl OffGrant or award · Mar 10, 2026
About FLOTEK INDUSTRIES INC/CN/ (FTK): stock profile, AI score and financials
FLOTEK INDUSTRIES INC/CN/ (FTK) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores FTK at 58.8/100 on a composite quality score built from its SEC filings, placing it at rank #981 of 2,925 stocks — the top half of the AI-ranked universe. FTK scores in the top quartile across balance sheet strength (94.5), revenue growth (87.5), profitability (76.3). Areas of concern include earnings quality (17.3) and free cash flow (25.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), FLOTEK INDUSTRIES INC/CN/ reports quarterly revenue of $99.4M, net income of $10.0M, an operating margin of 15.0%. FTK trades on the NYSE exchange and files with the SEC under CIK 928054. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FTK 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 FLOTEK INDUSTRIES INC/CN/ directly from SEC EDGAR.