Flotek Industries (FTK) Q4 2025 earnings summary

Executive summary

• Achieved highest quarterly and annual revenues since 2017, with FY2025 revenue up 27% year-over-year to $237.3M and Q4 revenue up 33% year-over-year.

• Net income for 2025 rose 191% year-over-year to $30.5M, or $0.84 per diluted share, and diluted EPS increased 147%.

• Adjusted EBITDA grew 123% year-over-year to $32.8M, marking the third consecutive year of growth.

• Data Analytics segment delivered record revenue and gross profit, now representing nearly half of total company gross profit in Q4 2025.

• Strategic entry into power services and first utility infrastructure contract position for high-margin, recurring revenue growth in 2026 and beyond.

Financial highlights

• FY2025 revenue: $237.3M (+27% YoY); Q4 revenue: $67.5M (+33% YoY); gross profit: $59.8M (+52% YoY); Q4 gross profit: $15.2M (+24% YoY).

• Net income for Q4 2025 was $3.0M ($0.08/share); full-year net income: $30.5M ($0.84/share).

• Adjusted EBITDA for 2025: $32.8M (+123% YoY, revised methodology); diluted EPS: $0.84 (+147% YoY).

• Gross margin improved from 21% in 2024 to 25% in 2025; Q4 gross profit margin: 22.5%.

• Ended year with $5.7M in cash and cash equivalents; total assets at $220M; total liabilities at $107M.

Outlook and guidance

• PowerTech revenues expected to exceed $27M in 2026, a 70% increase from 2025; recurring contract backlog for Data Analytics exceeds $30M annually through 2030.

• Data Analytics segment expected to surpass 50% of company profitability in 2026.

• CapEx for 2026 projected at $10M–$15M, up from $2M in 2025, to support rapid growth.

• Digital Valuation and recurring services revenue projected to surpass $2M in 2026.

• 2026 guidance will be issued with Q1 2026 results; management expects continued momentum and margin expansion.