Flotek Industries FTK Provision for excess and obsolete inventory
Provision for excess and obsolete inventory at other companies
Other financials
Where this comes from
Reported directly by Flotek Industries in its filing.
Tagged under the XBRL concept ftk:ProvisionForExcessAndObsoleteInventory.
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 provision for excess and obsolete inventory?
- Flotek Industries (FTK) reported provision for excess and obsolete inventory of $396K in Q1 2026.
- How has Flotek Industries's provision for excess and obsolete inventory changed year-over-year?
- Flotek Industries's provision for excess and obsolete inventory increased by 518.8% year-over-year, from $64K to $396K.
- What is the long-term trend for Flotek Industries's provision for excess and obsolete inventory?
- Over 4 years (2021 to 2025), Flotek Industries's provision for excess and obsolete inventory has grown at a -8.2% compound annual growth rate (CAGR), from $623K to $442K.
- What does provision for excess and obsolete inventory mean?
- This represents the non-cash charge taken to write down the value of inventory that is deemed unsellable or redundant due to obsolescence or excess supply. It serves as an indicator of inventory management quality and potential risks in the supply chain. High provisions may signal declining product demand or poor inventory turnover efficiency.