Focus on Data Analytics revenue trajectory and margin expansion; the power services contract is a new catalyst. Next catalyst is Q2 results (expected Aug 2026) – watch for sequential DA revenue growth and GAAP net income improvement. The stock may trade on guidance execution vs elevated expectations.
Price Chart
Executive Summary
Flotek reported strong Q1 2026 revenue growth of 27% YoY to $70.1M, driven by a 295% surge in Data Analytics revenue which now accounts for 50% of gross profit. However, GAAP net income fell 13% to $4.7M and diluted EPS of $0.12 missed consensus of $0.13, primarily due to a higher effective tax rate. The company initiated FY2026 guidance with revenue of $270M-$290M and Adjusted EBITDA of $36M-$41M, highlighting continued momentum in high-margin Data Analytics and a new power services contract.
Key Financial Metrics
Key Facts
- Total Q1 revenue $70.1M, up 27% YoY
- Data Analytics revenue up 295% to $10.4M (record)
- GAAP diluted EPS $0.12, miss vs consensus $0.13
- Net income $4.7M, down 13% YoY due to higher tax rate
- FY2026 guidance: revenue $270M-$290M, Adj. EBITDA $36M-$41M
- Power services contract won in Q1; expected $12M revenue at ~30% gross margin in 2026
- Data Analytics backlog: $34.1M for Q2-Q4 2026, >$90M three-year
Financial Impact
Revenue grew 27% to $70.1M, but EPS declined 29% to $0.12, missing consensus by 7.7%. Guidance implies 18% revenue growth midpoint vs 2025 actual.
Risk Factors
- Net income and EPS decline due to non-cash tax items may persist
- Significant share dilution (shares outstanding up 20% YoY)
- Negative free cash flow of -$0.98M in Q1
- Dependence on related-party revenue from ProFrac (74% of revenue in Q1)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000928054-26-000044 |
| Exhibit: exhibit992-flotek1q2026e.htm | 0000928054-26-000044 |
| Document: ftk-20260505.htm | 0000928054-26-000044 |
| Document: 0000928054-26-000044-index-headers.html | 0000928054-26-000044 |
| Document: 0000928054-26-000044-index.html | 0000928054-26-000044 |
| Document: 0000928054-26-000044.txt | 0000928054-26-000044 |
| 8-K Data (Synthetic) | 0000928054-26-000044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 8-K | $28.95 $29.79 | ▲ +2.90% | ▲ +3.32% | $25.79 (−10.92%) |
Sep 15, 2026 5w ago | SC 13D/A | $28.13 $30.43 | ▲ +8.18% | ▲ +6.35% | $25.79 (−8.32%) |
Sep 15, 2026 5w ago | Insider Cluster | $28.13 $30.43 | ▲ +8.18% | ▲ +5.61% | $25.79 (−8.32%) |
Sep 9, 2026 6w ago | 8-K | $27.88 $28.13 | ▲ +0.90% | ▲ +1.99% | $25.79 (−7.50%) |
Aug 19, 2026 9w ago | 8-K | $25.17 $23.61 | ▲ +6.20% | ▲ +5.81% | $25.79 (−2.46%) |
Aug 18, 2026 10w ago | 8-K | $27.02 $24.00 | ▲ +11.18% | ▲ +10.98% | $25.79 (+4.55%) |
Aug 18, 2026 10w ago | Press Release | $27.02 $24.00 | ▲ +11.18% | ▲ +10.98% | $25.79 (+4.55%) |
Aug 4, 2026 12w ago | 8-K | $36.07 $37.17 | ▲ +3.05% | ▲ +2.70% | $25.79 (−28.50%) |
Jul 6, 2026 16w ago | Press Release | $22.40 $26.77 | ▲ +19.51% | ▲ +18.96% | $25.79 (+15.13%) |
May 5, 2026 25w ago | 8-K | $16.33 $17.00 | ▲ +4.10% | ▲ +2.97% | $25.79 (+57.93%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers