Filing Flows › Flotek Industries (FTK) › Q1 2026
Flotek Industries (FTK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Flotek Industries (FTK) reported revenue of $70.1M for the first quarter 2026 (Q1 2026), +27% from a year earlier and +4% from the quarter before. Operating margin was 10.8%, net earnings $4.7M (6.7% of revenue).
Flotek Industries, Q1 2026: revenue $70.1M (+26% year over year), operating margin 10.8%, net earnings $4.7M, operating cash flow $21K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.1M | +4% | +27% |
| Gross profit | $15.5M | +2% | +25% |
| Operating profit | $7.6M | +27% | +36% |
| Net earnings | $4.7M | +54% | -13% |
| Operating cash flow | $21K | -100% | -100% |
What changed
Revenue was $70.1M in Q1 2026, up 27% year over year and up 4% from the previous quarter. Products was the largest line at 87% of revenue. Products added $7.0M year over year (up 13%), 48% of the total change.
Gross margin was 22.2%, down 0.3 points from Q1 2025. Operating profit was $7.6M, a 10.8% margin (up 0.8 points year over year). Of the extra revenue versus Q1 2025, 14% reached operating profit, above the 10% margin then. Operating expenses grew 16% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+158%). Net earnings were $4.7M, down 13% year over year. The effective tax rate was 25.6%.
Operating cash flow was $21K (down 100% year over year), 0% of net earnings. Non-cash charges added back $631K of depreciation and $824K of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Flotek Industries' revenue in the first quarter 2026?
Flotek Industries (FTK) reported revenue of $70.1M for the first quarter 2026 (Q1 2026), +27% from a year earlier and +4% from the quarter before.
Was Flotek Industries profitable in the first quarter 2026?
Operating profit was $7.6M (10.8% of revenue) and net earnings $4.7M.
Source: Flotek Industries 10-Q on SEC EDGAR.