Filing Flows › Flotek Industries (FTK) › Q1 2025
Flotek Industries (FTK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Flotek Industries (FTK) reported revenue of $55.4M for the first quarter 2025 (Q1 2025), +37% from a year earlier and +9% from the quarter before. Operating margin was 10.1%, net earnings $5.4M (9.7% of revenue).
Flotek Industries, Q1 2025: revenue $55.4M (+37% year over year), operating margin 10.1%, net earnings $5.4M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.4M | +9% | +37% |
| Gross profit | $12.4M | +1% | +41% |
| Operating profit | $5.6M | +8% | +164% |
| Net earnings | $5.4M | +21% | +244% |
| Operating cash flow | $7.3M | — | +88% |
| Free cash flow | $6.7M | — | +80% |
What changed
Revenue was $55.4M in Q1 2025, up 37% year over year and up 9% from the previous quarter. Products was the largest line at 97% of revenue. Products added $14.5M year over year (up 37%), 97% of the total change.
Gross margin was 22.5%, up 0.6 points from a year earlier. Operating profit was $5.6M, a 10.1% margin (up 4.8 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 5% margin then. Operating expenses grew 3% against revenue growth of 37%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $5.4M, up 244% year over year. The effective tax rate was 1.2%.
Operating cash flow was $7.3M (up 88% year over year), 136% of net earnings. Non-cash charges added back $252K of depreciation and $461K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $598K left free cash flow of $6.7M.
Questions
What was Flotek Industries' revenue in the first quarter 2025?
Flotek Industries (FTK) reported revenue of $55.4M for the first quarter 2025 (Q1 2025), +37% from a year earlier and +9% from the quarter before.
Was Flotek Industries profitable in the first quarter 2025?
Operating profit was $5.6M (10.1% of revenue) and net earnings $5.4M.
Source: Flotek Industries 10-Q on SEC EDGAR.