The financials
ProFrac Holding Corp. by the numbers
ProFrac Holding Corp. (ACDC) reported revenue of $450M in Q1 2026 (quarter ended March 31, 2026), down 25% from the same quarter a year earlier. That came with a gross margin of 21% and net loss of $84M. For the full year FY2025, revenue was $1.94B (−11% year on year) and net income −$369M. Its largest segment in 2026-Q1 was Stimulation Services at $407M, 91% of the disclosed total, just ahead of Flotek at 4.1%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $450M | $600M | −25% |
| Gross profit | $95M | $181M | −47% |
| Operating income | −$46M | $16M | to a loss |
| Net income | −$84M | −$18M | n/a |
| Diluted EPS | −$0.47 | −$0.12 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| Stimulation Services | $407M | 91% |
| Flotek | $18M | 4.1% |
| Proppant Production | $14M | 3.1% |
| Manufacturing | $7.0M | 1.6% |
| All Other | $2.9M | 0.6% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $449.2M (+14%)
All Other grew +2800% year on yearProppant Production -67% year on year
Segment Latestquarter on quarteryear on year
- Stimulation Services$407.0M$407.0MQoQ +19%year on year -22%+19%-22%
- Flotek$18.2M$18.2MQoQ -year on year -25%--25%
- Proppant Production$14.1M$14.1MQoQ -31%year on year -67%-31%-67%
- Manufacturing$7.0M$7.0MQoQ -19%year on year -20%-19%-20%
- All Other$2.9M$2.9MQoQ -87%year on year +2800%-87%+2800%
Oil & Gas Equipment & Services
Ranks #27 of 27 by Smart Score