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Liberty Energy LBRT Total Cost of Revenue

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Segments

By product

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Service, Other$600K+20.0%

Other financials

Income statement

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Revenue$1.2B+14.0%
Gross profit$208.3M-9.6%
Operating income$12.7M-65.7%
Net income$43.1M-39.3%
EPS (diluted)$0.26-39.5%

Balance sheet

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Cash & equivalents$555.4M+2,739%
Total debt$1.6B+170%
Total equity$2.0B-3.5%
Total assets$4.5B+30.4%

Cash flow

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Operating cash flow$133.0M-22.0%
CapEx$223.9M+62.8%
Free cash flow-$90.8M-375%

Valuation

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Market cap$3.27B+77.1%
Enterprise value$4.33B+78.6%
P/E26.7×+18.2×
P/S0.8×+0.3×

Profitability

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Gross margin18.5%-4.5pp
Operating margin1.3%-3.3pp
Net margin2.9%-2.4pp
FCF margin8.1%+0.6pp

Returns & leverage

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Return on equity6.1%-4.8pp
Debt / equity0.8×+0.5×
Current ratio+0.8×

Where this comes from

Reported directly by Liberty Energy in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Liberty Energy’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001694028-26-000039
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue—related parties5,847
Total revenue1,188,5961,042,5212,209,7802,019,982
Operating costs and expenses:
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below)980,255812,1071,824,0721,573,723
General and administrative67,16958,344126,712124,119
Transaction and other costs7,6917,691811
Depreciation, depletion, and amortization114,213129,366228,272257,108
(Gain) loss on disposal of assets, net6,5525,631(11,961)8,976

Item 1. Financial Statements (Unaudited)

FAQ

What is Liberty Energy's total cost of revenue?
Liberty Energy (LBRT) reported total cost of revenue of $980.26M in Q2 2026.
How has Liberty Energy's total cost of revenue changed year-over-year?
Liberty Energy's total cost of revenue increased by 20.7% year-over-year, from $812.11M to $980.26M.
What is the long-term trend for Liberty Energy's total cost of revenue?
Over 4 years (2021 to 2025), Liberty Energy's total cost of revenue has grown at a 8.9% compound annual growth rate (CAGR), from $2.25B to $3.17B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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