ProFrac Holding Corp. (ACDC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
333 SHOPS BOULEVARD WILLOW PARK, TX 76087 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 15 | 25 | 35 | |||
| Cash and cash equivalent | 15 | 25 | 35 | |||
| Receivables | 313 | 346 | 538 | |||
| Inventory, net of allowances, customer advances and progress billings | 201 | 237 | 250 | |||
| Inventory | 201 | 237 | 250 | |||
| Other undisclosed current assets | 46 | 30 | 43 | |||
| Total current assets: | 574 | 638 | 865 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 159 | 87 | 113 | |||
| Property, plant and equipment | 1,761 | 1,779 | 1,396 | |||
| Long-term investments and receivables | 8 | 29 | 59 | |||
| Long-term investments | 8 | 29 | 59 | |||
| Intangible assets, net (including goodwill) | 451 | 499 | 444 | |||
| Goodwill | 302 | 326 | 241 | |||
| Intangible assets, net (excluding goodwill) | 149 | 174 | 203 | |||
| Deferred income tax assets | 0 | 0 | ||||
| Other noncurrent assets | 36 | 38 | 56 | |||
| Total noncurrent assets: | 2,414 | 2,433 | 2,068 | |||
| TOTAL ASSETS: | 2,988 | 3,071 | 2,934 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 392 | 385 | 455 | |||
| Accounts payable | 324 | 319 | 339 | |||
| Accrued liabilities | 67 | 66 | 115 | |||
| Debt | 172 | 131 | 130 | |||
| Other liabilities | 57 | 84 | 26 | |||
| Due to related parties | ✕ | ✕ | ✕ | 24 | ||
| Other undisclosed current liabilities | 40 | 50 | 34 | |||
| Total current liabilities: | 660 | 649 | 668 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 957 | 949 | ||||
| Long-term debt, excluding current maturities | 944 | 942 | ||||
| Finance lease, liability | 12 | 7 | ||||
| Liabilities, other than long-term debt | 161 | 83 | 180 | |||
| Deferred income tax liabilities | 15 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 63 | ||
| Other liabilities | 9 | 15 | 36 | |||
| Operating lease, liability | 137 | 68 | 81 | |||
| Other undisclosed noncurrent liabilities | 71 | 62 | 735 | |||
| Total noncurrent liabilities: | 1,189 | 1,093 | 915 | |||
| Total liabilities: | 1,849 | 1,742 | 1,583 | |||
| Temporary equity, including noncontrolling interest | 64 | 59 | 2,463 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 1,007 | 1,211 | (1,184) | |||
| Additional paid in capital | 1,241 | 1,225 | ||||
| Accumulated deficit | (236) | (16) | (1,186) | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | 2 | |||
| Equity, attributable to noncontrolling interest | 69 | 59 | 72 | |||
| Total equity: | 1,076 | 1,270 | (1,112) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,988 | 3,071 | 2,934 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Revenues | 2,191 | 2,630 | 2,426 | ||
| Cost of revenue | (1,972) | (2,195) | (2,426) | ||
| Cost of product and service sold | (1,937) | (2,144) | (2,426) | ||
| Gross profit: | 219 | 435 | |||
| Operating expenses | (279) | (269) | (243) | ||
| Other operating expense, net | (27) | (30) | (15) | ||
| Other undisclosed operating income | 27 | 30 | 3,092 | ||
| Operating income (loss): | (60) | 167 | 412 | ||
| Nonoperating income (expense) | 3 | (36) | 17 | ||
| Investment income, nonoperating | |||||
| Other nonoperating income (expense) | 3 | (36) | 17 | ||
| Interest and debt expense | (1) | (188) | (77) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (58) | (58) | 352 | ||
| Other undisclosed loss from continuing operations before income taxes | (157) | ||||
| Income (loss) from continuing operations before income taxes: | (215) | (58) | 352 | ||
| Income tax expense (benefit) | 7 | (1) | (9) | ||
| Net income (loss): | (208) | (59) | 343 | ||
| Net loss attributable to noncontrolling interest | (7) | (39) | (178) | ||
| Other undisclosed net loss attributable to parent | (74) | ||||
| Net income (loss) attributable to parent: | (215) | (98) | 92 | ||
| Other undisclosed net loss available to common stockholders, basic | (5) | (10) | |||
| Net income (loss) available to common stockholders, diluted: | (220) | (108) | 92 | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Net income (loss): | (208) | (59) | 343 | ||
| Other undisclosed comprehensive income (loss) | 0 | 0 | |||
| Comprehensive income (loss): | (208) | (59) | 343 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (8) | 3 | 28 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (42) | (280) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (215) | (97) | 92 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.