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Flotek Industries Inc logo

Flotek Industries Inc

flotekind.com

What Do They Do?

Sells specialty chemistry products to energy and industrial companies and provides real-time measurement and digital analytics for oil and gas businesses.

How Do They Make Money?

Energy and industrial customers buy specialty chemistry; Data Analytics customers buy measurement equipment through capital sales or rent it on short- or long-term arrangements.

revenue
SegmentShareRevenue
Products
Sold outright

90%
FY2022: 97%
Services
3.2%
FY2022: 2.6%
Rental
Recurring
6.8%

Who Are Their Customers?

Flotek sells to end users through direct and indirect channels, using in-house sales staff and contracted agents. Customers include energy and industrial companies, from oil and gas producers and oilfield service firms to gas processors.

Do Revenues Turn Into Profits?

Yes. It kept 13 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025
10% of revenue
▲ +91% vs FY2024 ($12.2M, 7%)
Net income, FY2025
13% of revenue
▲ +191% vs FY2024 ($10.5M, 6%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +70%
vs $58.4M in Q2 FY2025
Net income
▲ +463%
vs $1.8M in Q2 FY2025
Products share of revenue vs 91.5% in Q2 FY2025
  • Aug 19, 2026 PREPA terminated the power contract Flotek said it had generated no revenue, received no payments and had not begun equipment deployment under the contract.
  • Aug 4, 2026 Raised full-year 2026 guidance Revenue guidance rose from $270-$290 million to $340-$350 million.
  • Aug 3, 2026 Won a 10-year Puerto Rico power-services contract The agreement called for rentals of power-generation equipment and the company’s gas-conditioning and distribution systems.

Growing. Revenue grew 5.5x in 4 years, from $43.3M in FY2021 to $237.3M in FY2025, about 53% a year.

Into power applications The older report describes analytics for hydrocarbon processes; the latest report adds mobile power generation and utility-infrastructure support alongside oil and gas measurement.

Revenue over time
Products Services Rental
$250M$125M$0

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