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Flotek Industries FTK Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

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——

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$791.2M+88.5%
Enterprise value$832.35M+97.8%
P/E26.5×-2.8×
P/S3.1×+1.1×

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:TaxCreditCarryforwardValuationAllowance.

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 tax credit carryforward valuation allowance?
Flotek Industries (FTK) reported tax credit carryforward valuation allowance of $3.2M in Q1 2026.
How has Flotek Industries's tax credit carryforward valuation allowance changed year-over-year?
Flotek Industries's tax credit carryforward valuation allowance decreased by 15.8% year-over-year, from $3.8M to $3.2M.
What does tax credit carryforward valuation allowance mean?
This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.