Filing Flows › Flowco Holdings (FLOC) › Q1 2025
Flowco Holdings (FLOC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Flowco Holdings (FLOC) reported revenue of $192M for the first quarter 2025 (Q1 2025), +188% from a year earlier and +3% from the quarter before. Operating margin was 18.4%, net earnings $6.2M (3.2% of revenue).
Flowco Holdings, Q1 2025: revenue $192M (+188% year over year), operating margin 18.4%, net earnings $6.2M, operating cash flow $42.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $192M | +3% | +188% |
| Operating profit | $35.3M | +4% | +59% |
| Net earnings | $6.2M | -72% | -64% |
| Operating cash flow | $42.5M | -32% | +51% |
| Free cash flow | $14.7M | -56% | +9% |
What changed
Revenue was $192.3M in Q1 2025, up 188% year over year and up 3% from the previous quarter. Downhole Components was the largest line at 32% of revenue. Surface Equipment added $8.4M year over year (up 18%), 7% of the total change. Natural Gas Production declined 4%.
Operating profit was $35.3M, a 18.4% margin (down 15.0 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 33% margin then. Total costs grew 253% against revenue growth of 188%. The fastest-growing cost line was SG&A (+582%). Net earnings were $6.2M, down 64% year over year. The effective tax rate was 8.9%.
Operating cash flow was $42.5M (up 51% year over year), 157% of net income including minority interests. Non-cash charges added back $34.1M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $23.6M. Capital expenditures of $27.9M left free cash flow of $14.7M.
Questions
What was Flowco Holdings' revenue in the first quarter 2025?
Flowco Holdings (FLOC) reported revenue of $192M for the first quarter 2025 (Q1 2025), +188% from a year earlier and +3% from the quarter before.
Was Flowco Holdings profitable in the first quarter 2025?
Operating profit was $35.3M (18.4% of revenue) and net earnings $6.2M.
Source: Flowco Holdings 10-Q on SEC EDGAR.