UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation or organization ...

Financial Data and Key Metrics Changes - In Q4 2025, the company achieved the highest quarterly revenue since 2017, with a 33% increase compared to the same quarter last year [22][24] - Gross profit increased by 24% year-over-year for Q4 and 52% for the full year 2025 [7][25] - Adjusted EBITDA grew over 123% year-over-year, while net income improved by 191% for the full year 2025 [7][27] Business Line Data and Key Metrics Changes - The Data Analytics segment achieved its highest quarterly and annual revenue in company history, with service revenues increasing by 381% in Q4 2025 compared to Q4 2024 [10][24] - Data Analytics accounted for 48% of total company gross profit in Q4 2025, up from 8% in the same quarter a year ago [7][22] - The Chemistry Technology segment saw a 25% increase in total revenue for full year 2025 compared to 2024, despite a 24% decline in the average North American frac count [18][24] Market Data and Key Metrics Changes - North American operators maintained a cautious posture due to geopolitical and macroeconomic challenges, impacting overall market dynamics [4] - The company noted a potential rebalance of supply and demand in the energy sector, driven by declining reservoir quality and the need for substantial investment to maintain production levels [9] Company Strategy and Development Direction - The company is transitioning to a data-as-a-service business model, focusing on high-margin services and proprietary technologies to create value for customers [5][8] - The strategic entry into power services with the onboarding of PowerTech assets is expected to drive high-margin recurring revenue growth in 2026 and beyond [8][25] - The company aims to position itself as a high-growth technology leader in the energy and infrastructure sectors by leveraging real-time data analytics and advanced chemistry solutions [20][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals for hydrocarbon demand continuing to grow in the medium to long term, despite near-term volatility [9][20] - The company is optimistic about the potential for increased demand for chemistry services in the back half of 2026 and beyond, driven by advanced technology and efficiency [18][90] Other Important Information - The company completed the onboarding of PowerTech assets, which are expected to significantly contribute to revenue growth in 2026 [8][25] - The effective tax rate for Q4 was approximately 35%, expected to normalize closer to 21% going forward [27] Q&A Session Summary Question: Current pipeline of opportunities in power services - Management highlighted advancements in business development and ongoing operations with new customers, indicating a strong pipeline for future contracts [38][40] Question: Business model for utility infrastructure deal - Management confirmed that the utility infrastructure contract is viewed as repeatable, with expectations for similar opportunities in the future [41][42] Question: Clarification on PowerTech contract revenue flow - Management explained the revenue flow from the PowerTech contract, indicating initial revenue expected in Q2 and potential for contract extension beyond the initial term [46][48] Question: Opportunities with engine and turbine manufacturers - Management discussed ongoing projects with multiple OEMs, emphasizing the potential for monetization of these relationships in 2026 [55][57] Question: Impact of Middle East hostilities on operations - Management reported stable operations in KSA, with alternative delivery methods being utilized to mitigate supply chain disruptions [78][80]

Financial Data and Key Metrics Changes - In Q4 2025, the company achieved the highest quarterly and annual revenues since 2017, with a 33% increase in total company revenues compared to the same quarter last year [7][22] - Gross profit increased by 24% year-over-year for Q4 and 52% for the full year 2025, with adjusted EBITDA growing over 123% year-over-year [7][29] - Net income for Q4 totaled $3 million, or $0.08 per diluted share, compared to $4.4 million, or $0.14 per diluted share in the prior year quarter [27] Business Line Data and Key Metrics Changes - The data analytics segment achieved its highest ever quarterly and annual revenue, with service revenues increasing 381% in Q4 2025 compared to Q4 2024 [10][24] - Data analytics accounted for 48% of total company gross profit in Q4 2025, up from 8% in the same quarter a year ago [7][22] - Chemistry technology segment revenue increased by 25% for the full year 2025 compared to 2024, despite a 24% decline in the average North American frac count [18][24] Market Data and Key Metrics Changes - The company noted that North American operators maintained a cautious posture due to geopolitical and macroeconomic challenges, impacting market dynamics [4] - The energy and infrastructure sector is expected to see a rebalance of supply and demand, with substantial investment required to maintain production levels [9] Company Strategy and Development Direction - The company is transitioning to a data-as-a-service business model, focusing on high-margin services and proprietary technologies to create value for customers [5][8] - Flotek aims to position itself as a high-growth technology leader in the energy and infrastructure sectors, leveraging real-time data analytics and advanced chemistry solutions [20][31] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the back half of 2026 and beyond, despite near-term volatility in commodity prices [18][19] - The company is confident in its ability to drive sustained, profitable growth through its transformative corporate strategy [20][31] Other Important Information - The company completed the onboarding of PowerTech assets, which are expected to contribute significantly to recurring revenue growth in 2026 [8][25] - The effective tax rate for Q4 was approximately 35%, expected to normalize closer to 21% going forward [27][28] Q&A Session Summary Question: Current pipeline of opportunities in power services - Management highlighted advancements in PowerTech, with seven new customers and ongoing operations in the field, indicating a strong pipeline for future contracts [38][40] Question: Business model for utility infrastructure deal - Management confirmed that the utility infrastructure contract is viewed as repeatable, with expectations for similar opportunities in the future [41][42] Question: Clarification on PowerTech contract revenue flow - Management explained that initial revenue from the contract is expected to start in Q2, with potential for extension beyond the initial six-month term [46][48] Question: Impact of Middle East hostilities on operations - Management reported stable operations in KSA, with some supply chain adjustments due to geopolitical tensions, but overall activity remains unchanged [78][82] Question: Demand for chemistry services amid commodity price volatility - Management indicated potential for increased demand in the back half of the year, driven by operators focusing on advanced technology and efficiency [90][92]

Financial Data and Key Metrics Changes - In Q4 2025, Flotek achieved the highest quarterly and annual revenues since 2017, with a 33% increase in total company revenues compared to the same quarter last year [6][24] - Gross profit increased by 24% year-over-year for Q4 and 52% for the full year 2025, with adjusted EBITDA growing over 123% year-over-year [6][26] - Net income for Q4 totaled $3 million, or $0.08 per diluted share, compared to $4.4 million, or $0.14 per diluted share in the prior year quarter [28] Business Line Data and Key Metrics Changes - The Data Analytics segment achieved its highest ever quarterly and annual revenue, accounting for 48% of total company gross profit in Q4 2025, up from 8% in the prior year [6][24] - Service revenues in the Data Analytics segment increased by 381% in Q4 2025 compared to Q4 2024, with gross profit rising to 73% [10][18] - The Chemistry Technology segment saw a 25% increase in total revenue for the full year 2025 compared to 2024, despite a 24% decline in the average North American frac count [19] Market Data and Key Metrics Changes - North American operators maintained a cautious posture due to geopolitical and macroeconomic challenges, impacting overall market dynamics [4] - The company anticipates a rebalance of supply and demand in the energy sector, driven by declining production rates and the need for substantial investment to maintain production levels [9] Company Strategy and Development Direction - Flotek is transitioning to a data-as-a-service business model, focusing on innovative real-time data and chemistry solutions to drive growth and enhance shareholder returns [5][6] - The company aims to expand its total addressable market through its industrial pivot and has successfully entered the power services sector with the onboarding of PowerTech assets [7][19] - Flotek is positioning itself as a high-growth technology leader in the energy and infrastructure sectors, leveraging data analytics and advanced chemistry solutions [20][33] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding hydrocarbon demand growth in the medium to long term, despite near-term volatility due to geopolitical tensions [8][9] - The company is focused on delivering differentiated chemistry and data services to navigate macroeconomic challenges and drive sustained profitable growth [20][33] Other Important Information - Flotek completed the onboarding of PowerTech assets, which are expected to contribute significantly to recurring revenue growth in 2026 [7][26] - The company has a strong backlog of recurring revenue, providing visibility into future cash flows and margin expansion [18][33] Q&A Session Summary Question: Current pipeline of opportunities in power services - Management highlighted advancements in PowerTech, with seven new customers and ongoing operations in the field, indicating a strong pipeline for future contracts [39][41] Question: Business model for utility infrastructure deal - Management confirmed that the utility infrastructure deal is repeatable and aligns with their strengths in monitoring and conditioning power generation equipment [44] Question: Clarification on PowerTech contract revenue flow - Management explained that initial revenue from the contract is expected to start in Q2, with potential for extension beyond the initial six-month term [48][50] Question: Communication with engine manufacturers - Management discussed ongoing projects with multiple OEMs, focusing on optimizing engine performance through real-time data integration [56][60] Question: Impact of Middle East conflicts on operations - Management reported stable operations in KSA, with alternative delivery methods being utilized to mitigate supply chain disruptions [80][84]

March 12, 2026 Q4 & Full Year 2025 Earnings Presentation Forward-Looking Statements Certain statements set forth in this presentation constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressi ...

分组1 - Flotek Industries reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.15 per share, representing a -47.82% earnings surprise compared to the previous year's earnings of $0.14 per share [1] - The company posted revenues of $67.52 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 29.71%, and this is an increase from year-ago revenues of $50.76 million [2] - Flotek Industries has surpassed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates four times in the same period [2] 分组2 - The stock has added about 1.6% since the beginning of the year, while the S&P 500 has declined by 0.9% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates of $0.21 on $60.64 million in revenues for the coming quarter and $0.93 on $256.07 million in revenues for the current fiscal year [7] - The Zacks Industry Rank indicates that the Chemical - Specialty industry is currently in the bottom 41% of over 250 Zacks industries, which may impact stock performance [8]

Financial Performance - Flotek reported total revenues of $67.5 million for Q4 2025, a 33% increase from $50.8 million in Q4 2024, and full-year revenues of $237.3 million, up 27% from $187.0 million in 2024[1][9] - Gross profit for Q4 2025 was $15.2 million, a 24% increase compared to $12.3 million in Q4 2024, while full-year gross profit reached $59.8 million, up 52% from $39.4 million in 2024[1][13] - Net income for Q4 2025 was $3.0 million, or $0.08 per diluted share, down 32% from $4.4 million, or $0.14 per diluted share, in Q4 2024; however, full-year net income surged 191% to $30.5 million, or $0.84 per diluted share, compared to $10.5 million, or $0.34 per diluted share, in 2024[1][15] - Adjusted EBITDA for Q4 2025 was $8.0 million, a 40% increase from $5.8 million in Q4 2024, and full-year Adjusted EBITDA was $32.8 million, up 123% from $14.7 million in 2024[6][9] - Total revenues for the twelve months ended December 31, 2025, increased to $237.3 million, up 26.8% from $187.0 million in 2024[28] - Gross profit for the twelve months ended December 31, 2025, was $59.8 million, representing a 52.5% increase compared to $39.4 million in 2024[28] - Net income for the twelve months ended December 31, 2025, reached $30.5 million, a significant increase from $10.5 million in 2024, reflecting a 190.5% growth[30] - The company reported an Adjusted EBITDA of $32.8 million for the twelve months ended December 31, 2025, compared to $14.7 million in 2024, reflecting a 122.5% increase[31] - Operating cash flow for the twelve months ended December 31, 2025, was $7.2 million, up from $3.4 million in 2024, representing a 114.0% increase[30] Market and Segment Performance - Data Analytics segment achieved a 307% revenue increase in Q4 2025, contributing nearly 50% of the total gross profit, compared to just 8% in the same quarter of the previous year[5][11] - The Company entered the power services market in April 2025, which is expected to drive high-margin, recurring revenue growth in 2026 and beyond[5][8] Expenses and Liabilities - Flotek's SG&A expenses for Q4 2025 totaled $7.6 million, compared to $6.6 million in Q4 2024, with full-year SG&A expenses at $28.0 million, up from $24.7 million in 2024[14] - Total liabilities increased to $107.0 million as of December 31, 2025, compared to $56.9 million in 2024, reflecting an 87.8% rise[27] - The company incurred $4.4 million in expenses related to an asset acquisition for the twelve months ended December 31, 2025[32] Cash and Assets - Cash and cash equivalents at the end of the period increased to $5.7 million from $4.4 million at the end of 2024, marking a 29.9% rise[30] - Total assets grew to $220.0 million as of December 31, 2025, compared to $170.8 million in 2024, indicating a 28.8% increase[27] - Accounts receivable from related parties increased to $64.2 million in 2025, up 22.6% from $52.4 million in 2024[27] Future Guidance and Events - The Company revised its Adjusted EBITDA calculation methodology, no longer adding back non-cash amortization of contract assets, which previously totaled $2.1 million for Q4 2025[4][6] - Flotek plans to issue 2026 guidance alongside its first quarter 2026 financial results, maintaining consistency with previous years[16] - The Company will participate in the 38th Annual Roth Conference on March 23-24, 2026, to engage with investors and present updated corporate information[17]

Core Insights - Flotek Industries reported its strongest quarterly revenue since 2017, with total revenues of $67.5 million for Q4 2025, a 33% increase from $50.8 million in Q4 2024 [1][2] - The company achieved a full-year revenue of $237.3 million in 2025, up 27% from $187.0 million in 2024 [1][2] - Data Analytics contributed significantly to gross profit, accounting for 48% in Q4 2025, compared to just 8% in the same quarter of the previous year [1][2] Financial Performance - Gross profit for Q4 2025 was $15.2 million, a 24% increase from $12.3 million in Q4 2024, and for the full year, gross profit reached $59.8 million, up 52% from $39.4 million in 2024 [1][2] - Net income for Q4 2025 was $3.0 million, or $0.08 per diluted share, down from $4.4 million, or $0.14 per diluted share, in Q4 2024 [1][2] - Full-year net income for 2025 was $30.5 million, or $0.84 per diluted share, compared to $10.5 million, or $0.34 per diluted share, in 2024, marking a 191% increase [1][2] Segment Performance - Chemistry Technologies reported external revenues of $14.8 million in Q4 2025, a 30% decrease from $21.1 million in Q4 2024, while related party revenues increased by 57% to $42.7 million [2] - Data Analytics saw a remarkable growth in product revenues, increasing by 161% to $2.2 million in Q4 2025, and service revenues surged by 381% to $7.9 million [2] - Total revenues from Data Analytics for the full year reached $27.5 million, a 210% increase from $8.9 million in 2024 [2] Adjusted EBITDA and Guidance - Adjusted EBITDA for Q4 2025 was reported at $8.0 million, a 40% increase from $5.8 million in Q4 2024, and for the full year, it reached $32.8 million, up 123% from $14.7 million in 2024 [1][2] - The company revised its methodology for calculating Adjusted EBITDA, no longer adding back non-cash amortization of contract assets, which impacts future guidance [1][2] Strategic Initiatives - Flotek's entry into power services in April 2025 is expected to drive high-margin, recurring revenue growth in 2026 and beyond [1][2] - The CEO highlighted the transformative nature of 2025, emphasizing the convergence of data analytics and chemistry solutions as a key driver of growth [1][2]

Core Insights - Flotek Industries, Inc. has secured its first contract in the utilities infrastructure sector, focusing on delivering power services to support federal disaster recovery initiatives [1] - The contract involves the installation of up to 50 megawatts (MW) of advanced power generation equipment, utilizing Flotek's proprietary PWRtek platform for enhanced efficiency and resilience [1] Contract Details - The initial term of the contract is six months, starting in the second quarter of 2026, with an option for the customer to extend for an additional four years at the same rental rate [1] - Revenue during the initial term will depend on the customer's final power requirements, potentially totaling approximately $1 million per MW if the full 50 MW is deployed [1] - Equipment deployment will occur in phases over several weeks following the contract start date, allowing for operational integration [1] Technology and Services - Flotek will provide up to 50 MW of scalable power integrated with advanced gas distribution and smart conditioning systems [1] - The smart conditioning skids are designed to optimize fuel delivery and ensure continuous performance, while the gas distribution skid allows independent fuel control for each generator set [1] - The deployment aims to energize a newly constructed residential location and support local critical infrastructure [1] Strategic Importance - This contract represents a significant milestone for Flotek, showcasing its capabilities in delivering high-reliability utilities infrastructure support under challenging conditions [1] - The opportunity highlights the strong demand for Flotek's advanced power technologies in emergency and infrastructure markets, aligning with the company's corporate strategy [1]

Core Viewpoint - Flotek Industries, Inc. is set to release its fourth quarter and full-year financial results for 2025 on March 11, 2026, with a conference call scheduled for March 12, 2026 [1][2]. Financial Results Announcement - The financial results press release will be issued after market close on March 11, 2026 [2]. - The earnings conference call will take place on March 12, 2026, at 9:00 a.m. CT (10:00 a.m. ET) [2]. Accessing the Conference Call - Participants can access the call via Flotek's website, by telephone, or through a provided webcast link [3]. - A recording of the conference call will be available on the Company's website after the call concludes [3]. Company Overview - Flotek Industries, Inc. is a leading chemistry and data technology company servicing the Energy industry, leveraging near real-time data for innovative solutions [4]. - The Company holds an intellectual property portfolio of over 130 patents and has a global presence in more than 59 countries [4]. Sustainability Initiatives - Flotek has established partnerships focused on sustainable and optimized chemistry and data solutions to reduce the environmental impact of energy [5]. Upcoming Events - The Company will participate in several upcoming events, including ringing the NYSE Closing Bell on February 9, 2026, and attending the NAPE 2026 and THRIVE Energy Conference [6].