Filing Flows › ProFrac Holding (ACDC) › Q1 2026
ProFrac Holding (ACDC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
ProFrac Holding (ACDC) reported revenue of $450M for the first quarter 2026 (Q1 2026), -25% from a year earlier and +3% from the quarter before. Operating margin was -10.3%, net loss $80.8M (18.0% of revenue).
ProFrac Holding, Q1 2026: revenue $450M (-25% year over year), operating margin -10.3%, net loss $80.8M, operating cash flow $9.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $450M | +3% | -25% |
| Operating profit | −$46.4M | — | -390% |
| Net earnings | −$80.8M | — | — |
| Operating cash flow | $9.3M | -81% | -76% |
What changed
Revenue was $449.6M in Q1 2026, down 25% year over year and up 3% from the previous quarter. Service was the largest line at 91% of revenue. Service lost $113.6M year over year (down 22%), 75% of the total change.
Operating costs exceeded revenue by $46.4M, an operating margin of -10.3%. Total costs fell 15% while revenue fell 25%. The quarter ended with a net loss of $80.8M, narrower than the previous quarter's $140.5M loss.
Operating cash flow was $9.3M (down 76% year over year). Non-cash charges added back $97.1M of depreciation and amortization and $900K of share-based compensation. Working capital and other items used $7.9M. Capital expenditures of $40.7M exceeded it, leaving free cash flow of −$31.4M.
Questions
What was ProFrac Holding's revenue in the first quarter 2026?
ProFrac Holding (ACDC) reported revenue of $450M for the first quarter 2026 (Q1 2026), -25% from a year earlier and +3% from the quarter before.
Was ProFrac Holding profitable in the first quarter 2026?
Operating loss was $46.4M (-10.3% of revenue) and net loss $80.8M.
Source: ProFrac Holding 10-Q on SEC EDGAR.