Filing Flows › ProFrac Holding (ACDC) › Q3 2025
ProFrac Holding (ACDC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
ProFrac Holding (ACDC) reported revenue of $403M for the third quarter 2025 (Q3 2025), -30% from a year earlier and -20% from the quarter before. Operating margin was -19.5%, net loss $92.4M (22.9% of revenue).
ProFrac Holding, Q3 2025: revenue $403M (-30% year over year), operating margin -19.5%, net loss $92.4M, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $403M | -20% | -30% |
| Operating profit | −$78.8M | — | — |
| Net earnings | −$92.4M | — | — |
| Operating cash flow | $4.6M | -95% | -95% |
What changed
Revenue was $403.1M in Q3 2025, down 30% year over year and down 20% from the previous quarter. Service was the largest line at 87% of revenue. Service lost $155.3M year over year (down 31%), 90% of the total change.
Operating costs exceeded revenue by $78.8M, an operating margin of -19.5%. Total costs fell 17% while revenue fell 30%. The quarter ended with a net loss of $92.4M, narrower than the previous quarter's $107.2M loss.
Operating cash flow was $4.6M (down 95% year over year). Non-cash charges added back $103.0M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $38.0M exceeded it, leaving free cash flow of −$33.4M.
Questions
What was ProFrac Holding's revenue in the third quarter 2025?
ProFrac Holding (ACDC) reported revenue of $403M for the third quarter 2025 (Q3 2025), -30% from a year earlier and -20% from the quarter before.
Was ProFrac Holding profitable in the third quarter 2025?
Operating loss was $78.8M (-19.5% of revenue) and net loss $92.4M.
Source: ProFrac Holding 10-Q on SEC EDGAR.