What is Flotek Industries's contract assets?

Flotek Industries (FTK) reported contract assets of $8.4M in Q1 2026.

How has Flotek Industries's contract assets changed year-over-year?

Flotek Industries's contract assets increased by 45.3% year-over-year, from $5.78M to $8.4M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Flotek Industries FTK Contract Assets

Contract Assets at other companies

TETRA TechnologiesTTI

$24.2M—

FluorFLR

$1.23B-6.0%

TechnipFMCFTI

$1.1B+2.7%

Chart IndustriesGTLS

$1.05B+25.4%

Other financials

Income statement

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Revenue$70.1M+26.5%

Gross profit$15.5M+24.8%

Operating income$7.6M+36.3%

Net income$4.7M-13.3%

EPS (diluted)$0.12-29.4%

Balance sheet

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Cash & equivalents$5.8M-9.0%

Total debt$46.9M+530%

Total equity$118.2M-1.3%

Total assets$231.8M+36.2%

Cash flow

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Operating cash flow$21.0K-99.7%

Valuation

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Market cap$786.5M+87.4%

Enterprise value$827.65M+96.7%

P/E26.4×-2.9×

P/S3.1×+1.0×

Profitability

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Gross margin25%+3.7pp

Operating margin10%+2.3pp

Net margin11.8%+4.7pp

FCF margin-8.2%—

Returns & leverage

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Return on equity25.1%+12.3pp

Debt / equity0.4×+0.3×

Current ratio1.8×-0.4×

Where this comes from

Reported directly by Flotek Industries in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Flotek Industries’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flotek Industries's contract assets?: Flotek Industries (FTK) reported contract assets of $8.4M in Q1 2026.
How has Flotek Industries's contract assets changed year-over-year?: Flotek Industries's contract assets increased by 45.3% year-over-year, from $5.78M to $8.4M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.