Flotek Industries, Inc. (FTK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 125.79M | 110.78M | 100.02M | 86.83M | 97.35M | 96.46M | 86.29M | 79M | 78.27M | 76.45M | 73.21M | 78.99M | 81.86M | 80.07M | 83.35M | 80.52M | 57.95M | 42.6M | 46.36M | 52.91M |
| Cash & Short-Term Investments | 5.68M | 5.73M | 4.6M | 5.03M | 6.25M | 4.4M | 5M | 4.78M | 5.22M | 5.85M | 4.45M | 8.84M | 12.43M | 12.29M | 8.51M | 33.08M | 24.84M | 11.53M | 20.53M | 27.78M |
| Cash Only | 5.68M | 5.73M | 4.6M | 5.03M | 6.25M | 4.4M | 5M | 4.78M | 5.22M | 5.85M | 4.45M | 8.84M | 12.43M | 12.29M | 8.51M | 33.08M | 24.84M | 11.53M | 20.53M | 27.78M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 82.3M | 90.87M | 79.78M | 66.31M | 73.84M | 75.69M | 65.76M | 59.15M | 56.39M | 54.09M | 48.15M | 47.6M | 48.91M | 48.93M | 50.71M | 29.61M | 16.8M | 13.3M | 11.62M | 9.78M |
| Days Sales Outstanding | 111.24 | 116.26 | 119.94 | 109.29 | 121.54 | 128.2 | 115.52 | 113.91 | 124.51 | 111.48 | 93.18 | 86.79 | 91.71 | 95.06 | 80.98 | 71.9 | 105.17 | 94.29 | 96.7 | 106.04 |
| Inventory | 14.3M | 10.63M | 13.23M | 12.3M | 13.69M | 13.3M | 12.74M | 12.14M | 13.87M | 12.84M | 15.88M | 18.4M | 15.9M | 15.72M | 19.19M | 13.25M | 10.14M | 9.45M | 8.82M | 11.5M |
| Days Inventory Outstanding | 20.58 | 20.73 | 30.25 | 26.91 | 28.31 | 31.14 | 28.18 | 32 | 38.51 | 40.33 | 41.26 | 33.43 | 30.85 | 32.29 | 31.44 | 33.6 | 66.02 | 21.43 | 219.64 | 97.61 |
| Other Current Assets | 23.52M | 3.55M | 2.41M | 3.19M | 3.57M | 3.05M | 2.79M | 2.94M | 2.79M | 3.67M | 4.72M | 4.15M | 4.62M | 3.13M | 4.94M | 4.58M | 6.16M | 8.31M | 5.4M | 3.84M |
| Total Non-Current Assets | 106.05M | 109.27M | 112.67M | 85.41M | 72.89M | 74.34M | 74.36M | 77.03M | 77.58M | 81.07M | 79.31M | 79.04M | 81.53M | 84.74M | 80.67M | 82.95M | 14.27M | 7.64M | 18.2M | 18.51M |
| Property, Plant & Equipment | 24.81M | 23.43M | 24.09M | 24.4M | 9.43M | 9.5M | 8.72M | 9.17M | 9.4M | 10.16M | 9.97M | 9.03M | 9.73M | 10.73M | 6.5M | 6.59M | 6.91M | 7.34M | 9.87M | 10.18M |
| Fixed Asset Turnover | 2.90x | 2.84x | 2.31x | 3.45x | 5.85x | 5.57x | 5.56x | 4.97x | 4.13x | 4.19x | 4.97x | 5.39x | 4.69x | 5.60x | 6.97x | 4.35x | 1.81x | 1.41x | 1.02x | 0.89x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.09M | 8.09M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 52.1M | 55.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.56M | 1.58M | 58.23M | 60.98M | 63.42M | 64.78M | 65.57M | 67.78M | 68.09M | 70.61M | 68.98M | 69.6M | 71.39M | 73.61M | 73.89M | 76.08M | 7.08M | 29K | 29K | 29K |
| Total Assets | 231.84M | 220.05M | 212.69M | 172.24M | 170.24M | 170.8M | 160.65M | 156.04M | 155.85M | 157.51M | 152.52M | 158.03M | 163.39M | 164.81M | 164.02M | 163.47M | 72.22M | 50.24M | 64.55M | 71.42M |
| Asset Turnover | 0.31x | 0.31x | 0.29x | 0.34x | 0.32x | 0.31x | 0.31x | 0.30x | 0.26x | 0.27x | 0.30x | 0.31x | 0.29x | 0.29x | 0.28x | 0.25x | 0.21x | 0.21x | 0.15x | 0.12x |
| Asset Growth % | 36.19% | 28.84% | 32.39% | 10.38% | 9.23% | 8.43% | 5.33% | -1.26% | -4.61% | -4.43% | -7.01% | -3.33% | 126.24% | 228.02% | 154.08% | 128.89% | -8.26% | -41.72% | -34.45% | -49.78% |
| Total Current Liabilities | 68.73M | 61.58M | 56.48M | 54.68M | 44.4M | 50.37M | 44.74M | 42.63M | 44.78M | 47.78M | 45.24M | 53.26M | 98.88M | 151.37M | 133.9M | 115M | 48.94M | 18.78M | 17.77M | 29.34M |
| Accounts Payable | 52.57M | 48.32M | 35.07M | 36.35M | 38.97M | 38.07M | 37.4M | 31.75M | 35.95M | 31.7M | 33.44M | 44.95M | 41.93M | 33.38M | 29.65M | 19.77M | 8.23M | 7.62M | 5.22M | 6.59M |
| Days Payables Outstanding | 83.28 | 72.44 | 84.61 | 77.99 | 80.79 | 90.22 | 78.3 | 83.3 | 97.56 | 91.47 | 94.34 | 84.66 | 73.46 | 58.29 | 47.9 | 40.22 | 53.39 | 15.06 | 127.69 | 55.19 |
| Short-Term Debt | 1.44M | 4.74M | 6.66M | 5.05M | 15K | 4.85M | 1.53M | 5.95M | 3.29M | 7.67M | 3.55M | 179K | 43.98M | 105.42M | 93.94M | 87.23M | 33.21M | 1.44M | 1.34M | 4.79M |
| Deferred Revenue (Current) | 0 | 0 | 735K | 878K | 958K | 808K | 452K | 530K | 303K | 550K | 754K | 409K | 502K | 655K | 283K | 368K | 567K | 528K | 0 | 152K |
| Other Current Liabilities | 14.72M | 8.26M | 406K | 398K | 391K | 507K | 383K | 394K | 447K | 704K | 1.13M | 1.57M | 4.6M | 3.2M | 3.11M | 3.07M | 3.29M | 3.19M | 0 | 4.53M |
| Current Ratio | 1.83x | 1.80x | 1.77x | 1.59x | 2.19x | 1.92x | 1.93x | 1.85x | 1.75x | 1.60x | 1.62x | 1.48x | 0.83x | 0.53x | 0.62x | 0.70x | 1.18x | 2.27x | 2.61x | 1.80x |
| Quick Ratio | 1.62x | 1.63x | 1.54x | 1.36x | 1.88x | 1.65x | 1.64x | 1.57x | 1.44x | 1.33x | 1.27x | 1.14x | 0.67x | 0.43x | 0.48x | 0.58x | 0.98x | 1.77x | 2.11x | 1.41x |
| Cash Conversion Cycle | 48.54 | 64.55 | 65.57 | 58.21 | 69.06 | 69.12 | 65.39 | 62.61 | 65.46 | 60.34 | 40.11 | 35.56 | 49.1 | 69.05 | 64.52 | 65.27 | 117.8 | 100.66 | 188.66 | 148.46 |
| Total Non-Current Liabilities | 44.94M | 45.42M | 45.71M | 45.72M | 6.13M | 6.53M | 6.91M | 7.17M | 7.17M | 7.77M | 7.68M | 6.77M | 7.38M | 10.84M | 9.62M | 9.91M | 10.17M | 11.28M | 11.5M | 8.19M |
| Long-Term Debt | 5.33M | 39.58M | 39.56M | 39.54M | 0 | 0 | 0 | 0 | 15K | 60K | 104K | 149K | 194K | 2.74M | 2.94M | 3.1M | 3.23M | 3.35M | 3.45M | 0 |
| Capital Lease Obligations | 5.33M | 5.83M | 6.15M | 6.18M | 6.12M | 6.51M | 6.87M | 7.14M | 7.12M | 7.68M | 7.54M | 6.59M | 7.15M | 8.06M | 6.61M | 6.73M | 6.85M | 7.83M | 7.95M | 8.08M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 39.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 113.67M | 106.99M | 102.19M | 100.39M | 50.53M | 56.9M | 51.64M | 49.81M | 51.95M | 55.55M | 52.91M | 60.03M | 106.25M | 162.21M | 143.52M | 124.91M | 59.11M | 30.05M | 29.27M | 37.52M |
| Total Debt | 6.78M | 50.15M | 53.74M | 52.1M | 7.45M | 12.85M | 10.04M | 14.96M | 12.52M | 17.88M | 13.97M | 9.85M | 54.41M | 119.58M | 104.17M | 97.73M | 43.95M | 13.26M | 13.37M | 13.52M |
| Net Debt | 1.1M | 44.42M | 49.13M | 47.08M | 1.19M | 8.45M | 5.05M | 10.18M | 7.3M | 12.03M | 9.52M | 1.01M | 41.97M | 107.29M | 95.66M | 64.65M | 19.12M | 1.73M | -7.15M | -14.27M |
| Debt / Equity | 0.06x | 0.44x | 0.49x | 0.73x | 0.06x | 0.11x | 0.09x | 0.14x | 0.12x | 0.18x | 0.14x | 0.10x | 0.95x | 46.06x | 5.08x | 2.53x | 3.35x | 0.66x | 0.38x | 0.40x |
| Debt / EBITDA | 0.65x | 4.12x | 4.82x | 17.60x | 1.28x | 2.39x | 3.41x | 6.12x | 5.38x | 6.82x | 7.76x | 11.66x | 2.91x | - | - | 11.89x | - | - | 15.46x | - |
| Net Debt / EBITDA | 0.11x | 3.65x | 4.41x | 15.90x | 0.21x | 1.57x | 1.71x | 4.16x | 3.14x | 4.59x | 5.29x | 1.20x | 2.25x | - | - | 7.86x | - | - | -8.27x | - |
| Interest Coverage | 5.71x | 7.71x | 6.73x | 2.82x | 24.77x | 19.92x | 11.04x | 7.46x | 7.49x | 7.73x | 9.55x | 0.98x | 13.77x | -6.77x | -7.09x | 4.97x | -15.06x | -649.36x | 29.44x | -382.82x |
| Total Equity | 118.17M | 113.06M | 110.5M | 71.85M | 119.7M | 113.9M | 109.01M | 106.23M | 103.9M | 101.96M | 99.6M | 98M | 57.14M | 2.6M | 20.5M | 38.56M | 13.1M | 20.19M | 35.28M | 33.89M |
| Equity Growth % | -1.28% | -0.74% | 1.37% | -32.37% | 15.21% | 11.71% | 9.44% | 8.4% | 81.84% | 3827.58% | 385.92% | 154.17% | 336.03% | -87.14% | -41.9% | 13.76% | -66.94% | -57.19% | -44.98% | -68.82% |
| Book Value per Share | 3.08 | 3.13 | 2.90 | 1.98 | 3.77 | 3.62 | 3.53 | 3.46 | 3.43 | 3.34 | 3.25 | 3.47 | 2.16 | 0.21 | 1.63 | 3.10 | 1.06 | 1.69 | 3.02 | 2.92 |
| Total Shareholders' Equity | 118.17M | 113.06M | 110.5M | 71.85M | 119.7M | 113.9M | 109.01M | 106.23M | 103.9M | 101.96M | 99.6M | 98M | 57.14M | 2.6M | 20.5M | 38.56M | 13.1M | 20.19M | 35.28M | 33.89M |
| Common Stock | 4K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 15K | 9K | 1K | 8K | 8K | 8K | 8K | 8K | 8K |
| Retained Earnings | -281.12M | -285.78M | -288.81M | -309.16M | -310.93M | -316.31M | -320.74M | -323.27M | -325.24M | -326.81M | -328.91M | -330.2M | -330.18M | -351.52M | -332.49M | -313.7M | -319.94M | -309.21M | -293.02M | -293.53M |
| Treasury Stock | -36.68M | -36.23M | -34.75M | -34.73M | -34.69M | -34.67M | -34.53M | -34.53M | -34.51M | -34.5M | -34.48M | -34.48M | -34.45M | -34.25M | -34.27M | -34.24M | -34.16M | -34.1M | -33.92M | -34.02M |
| Accumulated OCI | 130K | 96K | 109K | 96K | 206K | 251K | 133K | 185K | 169K | 127K | 194K | 147K | 160K | 181K | 292K | 176K | 89K | 81K | 51K | 13K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |