Quarterly ResultMay 5, 2026, 04:18 PM
Flotek Q1 Revenue +27% to $70.1M; Data Analytics Revenue +295%
AI Summary
Flotek Industries reported strong first-quarter 2026 financial results, with total revenue increasing 27% year-over-year to $70.1 million, driven by a significant 295% growth in Data Analytics revenue. Data Analytics now contributes 50% of the company's gross profit. The company also initiated positive 2026 guidance, projecting total revenue between $270 million and $290 million and Adjusted EBITDA between $36 million and $41 million, reinforcing its multi-year growth trajectory.
Key Highlights
- Total revenue grew 27% to $70.1 million in Q1 2026, up from $55.4 million in Q1 2025.
- Data Analytics revenue surged 295% in Q1 2026, accounting for 50% of total gross profit.
- Chemistry Technologies revenue increased 13% to $59.7 million, its highest quarterly level in over 7 years.
- Net income for Q1 2026 was $4.7 million ($0.12 diluted EPS), compared to $5.4 million ($0.17 diluted EPS) in Q1 2025.
- Adjusted EBITDA increased 44% to $9.1 million in Q1 2026, up from $6.3 million in Q1 2025.
- Company initiated 2026 total revenue guidance of $270 million to $290 million.
- Company initiated 2026 Adjusted EBITDA guidance of $36 million to $41 million.
- Data Analytics backlog for Q2-Q4 2026 expanded to $34.1 million, with a three-year backlog exceeding $90 million.