Kinetik Holdings Inc.
kinetik.comHow Do They Make Money?
FY2025 revenue by product or service
revenue
Revenue, FY2025
$1.8B
Sources
-
10-K for FY2025, filed Feb 26, 2026
$1.8B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service revenue
|
25%
FY2022: 32%
|
Service revenue, FY2025
$445.5M Sources
|
|
Product revenue
|
74%
FY2022: 66%
|
Product revenue, FY2025
$1.3B Sources
|
|
Other revenue
|
0.7%
FY2022: 1.1%
|
Other revenue, FY2025
$11.7M Sources
|
Do Revenues Turn Into Profits?
Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.
Operating income, FY2025
Sources
10-K for FY2025, filed Feb 26, 2026
$164.9MView ↗
▼ −8%
vs FY2024 ($179.2M, 12%)
Net income, FY2025
Sources
10-K for FY2025, filed Feb 26, 2026
$178.3MView ↗
▲ +123%
vs FY2024 ($80M, 5%)
Free cash flow, FY2025
Sources
10-K for FY2025, filed Feb 26, 2026
$111.6MView ↗
▼ −70%
vs FY2024 ($373.8M, 25%)
How Are They Changing?
Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$49.5MView ↗
- ▲ +110%
- vs $23.6M in Q2 FY2025
Product revenue share of revenue
vs 73.0% in Q2 FY2025
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 11.0x in 4 years, from $160.6M in FY2021 to $1.8B in FY2025, about 82% a year.
Revenue over time
Service revenue
Product revenue
Other revenue
$2B$1B$0
$385.6M
$394M
$806.4M
$417.8M
$822.4M
$408M
$1.1B
$445.5M
$1.3B
100%50%0%
41%
58%
32%
66%
33%
65%
28%
72%
25%
74%
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