Filing Flows

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).

Revenue$192M
Year over year+188%
Quarter over quarter+3%
Operating margin18.4%
Net earnings$6.2M

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 2025AmountQ/QY/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.

Open the interactive Sankey →

Source: Flowco Holdings 10-Q on SEC EDGAR.