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ProFrac Holding Corp. ACDC Stimulation Services — Payments To Acquire Businesses Gross

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Other financials

Income statement

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Revenue$498.1M-0.8%
Gross profit$110.0M-13.5%
Operating income-$37.9M+34.7%
Net income-$79.7M+26.2%
EPS (diluted)-$0.45+33.8%

Balance sheet

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Cash & equivalents$18.8M-27.7%
Total debt$1.2B-3.7%
Total equity$542.5M-38.0%
Total assets$2.5B-11.4%

Cash flow

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Operating cash flow$22.9M-76.3%
CapEx$31.7M-25.9%
Free cash flow-$8.8M-116%

Valuation

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Market cap$786.77M-19.4%
Enterprise value$1.94B-10.5%
P/S0.4×0.0×

Profitability

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Gross margin21.5%-7.1pp
Operating margin-15%-25.5pp
Net margin-22.8%+72.0pp
FCF margin3.8%-3.0pp

Returns & leverage

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Return on equity-57.4%-609pp
Debt / equity2.2×+0.8×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by ProFrac Holding Corp. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesGross.

The source filing: ProFrac Holding Corp.’s 10-K, filed March 13, 2026.

Filed
Mar 13, 2026, 4:07 PM EDT
Fiscal year
FY2025
Accession
0001193125-26-106120

In April 2025, Flotek acquired certain gas conditioning equipment from our Stimulation Services segment for total consideration of $107.5 million and our Stimulation Services segment leased these assets back from Flotek for a six year term. The effects of this sale-leaseback transaction have been eliminated from our consolidated financial statements. Part of the $107.5 million consideration was a $40.0 million intercompany note payable from Flotek to our Stimulation Services segment (“Flotek PWRtek Note”). In November 2025, the Stimulation Services segment agreed to assign this note receivable to PC Energy Credit I, LLC, a related party to the Company controlled by the Wilks Parties, in exchange for cash consideration of $40.4 million, which represented the sum of the unpaid principal amount of the note and all accrued and unpaid interest on the note through the closing date.

Item 8. Financial Statements and Supplementary Data

FAQ

What is ProFrac Holding Corp.'s stimulation services — payments to acquire businesses gross?
ProFrac Holding Corp. (ACDC) reported stimulation services — payments to acquire businesses gross of $40.4M in Q4 2025.
What does stimulation services — payments to acquire businesses gross mean?
Represents the total cash outflow used to acquire other businesses or business units specifically attributed to the stimulation services segment. This metric reflects the company's inorganic growth strategy and capital allocation toward expanding its hydraulic fracturing and completion service capabilities. Monitoring this helps investors assess the scale of investment in market consolidation and service line expansion.

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