| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 70.05 | 26.5% |
| Total Income | 70.05 | 26.5% |
| Expenditure | 7.95 | 15.6% |
| PBT | 6.27 | 15.3% |
| Net Profit | 4.66 | 13.4% |
| OPM | 10.83% | 0.78pp |
| NPM | 6.66% | 3.06pp |
| EPS | 0.13 | 27.8% |
Flotek Reports Q1 2026 Record Data Analytics Revenue, Up 27% Overall
06 May 2026 · 6 May, 1:48 am
Summary
Flotek Industries reported a 27% increase in total revenue for the first quarter of 2026, reaching $70.1 million. This growth was primarily driven by a significant 295% increase in Data Analytics revenue. The company's gross profit also improved, reaching $15.5 million, or 22% of revenues. Flotek's 2026 outlook projects total revenue between $270 million and $290 million and Adjusted EBITDA between $36 million and $41 million. Data Analytics momentum accelerated with new contracts, expanding the Q2–Q4 2026 expected backlog to $34.1 million and the three-year expected backlog to more than $90 million.
Key Highlights
- 1
Total revenue grew by 27% compared to the first quarter of 2025, driven by a 295% increase in Data Analytics revenue.
- 2
Chemistry Technologies revenue increased by 13%, reaching its highest quarterly level in over 7 years.
- 3
Data Analytics achieved its highest-ever quarterly revenue.
- 4
Data Analytics accounted for 50% of total gross profit, compared to 8% in the prior-year quarter.
- 5
Adjusted EBITDA increased by 44% to $9.1 million compared to $6.3 million in the first quarter of 2025.
- 6
The company expects 2026 total revenue to be between $270 million and $290 million.
- 7
The company anticipates 2026 Adjusted EBITDA to be between $36 million and $41 million.
Management Comments
Dr. Ryan Ezell
Our first quarter results build on the strong multi-year growth we have achieved across the business. During the quarter, both our Data Analytics and Chemistry segments delivered impressive year‑over‑year growth. Data Analytics now represents half of the Company’s gross profit, and we expect it to surpass Chemistry as the largest contributor to profit during 2026. In early March, we announced our first power services contract, marking an important step in diversifying our revenue base beyond traditional oilfield applications. We believe this contract represents the first of many opportunities to capture high‑margin, recurring revenue supporting power generation throughout the energy infrastructure sector. Our 2026 guidance reflects our focus on the convergence of real-time data and chemistry solutions further advancing our industrial pivot while laying the foundation for future market expansion.”
Informational and educational content only. Not investment advice.