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ProFrac Holding Corp.

American oil and gas field services company, incorporated in Delaware. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerACDC on Nasdaq1
  • IndustryOil & Gas Field Services, NEC1
  • HeadquartersWillow Park, Texas1
  • Incorporated inDE2
  • Business address333 Shops Boulevard, Suite 301, Willow Park, Tx 760872
  • Filer categoryAccelerated filer, Smaller reporting company2

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-11.6%Operating margin3
-19.0%Net margin3
-11.4%Revenue growth, 20253
-51.4%Return on equity3
1.22×Debt to equity3
$19.6MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 87% of the revenue ProFrac Holding Corp. broke down this way in fiscal 2025.

  1. Service$1.7B387%down 10% from 2024
  2. Product$249.1M313%down 18% from 2024
Products and services by year
Products and services202320242025
Service$2.3B$1.9B$1.7B
Product$355.8M$304.2M$249.1M

Business segments

Stimulation Services brought in 68% of the revenue ProFrac Holding Corp. broke down this way in fiscal 2025.

  1. Stimulation Services$1.7B368%down 12% from 2024
  2. Proppant Production$336.0M313%up 36% from 2024
  3. Flotek$243.6M310%up 27% from 2024
  4. Manufacturing$212.3M39%down 5% from 2024
  5. Other Operating$17.3M31%up 458% from 2024
Business segments by year
Business segments202320242025
Stimulation Services$2.3B$1.9B$1.7B
Proppant Production$383.3M$246.5M$336.0M
Flotek$193.0M$192.4M$243.6M
Manufacturing$176.1M$222.8M$212.3M
Other Operating$3.1M$17.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin10¢$190.5M
  • Other costs82¢$1.6B
  • Interest7¢$138.8M
  • Income tax1¢$12.9M

Out of $1.9B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending90¢$169.9M
  • Kept or used elsewhere10¢$19.6M

Out of $189.5M of cash from operations.3

Financial statements

Revenue4563$1.9B in 2025+255% since 2020
0$1.0B$2.0B$3.0B2020: $547.7M$547.7M20202021: $768.4M$768.4M2021+40%2022: $2.4B$2.4B2022+216%2023: $2.6B$2.6B2023+8%2024: $2.2B$2.2B2024−17%2025: $1.9B$1.9B2025−11%
Operating income4563-$225.8M in 2025+138% since 2020
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2020: -$95.0M-$95.0M20202021: -$18.0M-$18.0M2021−81%2022: $412.4M$412.4M20222023: $166.6M$166.6M2023−60%2024: -$60.4M-$60.4M20242025: -$225.8M-$225.8M2025+274%
Net income4763-$369.0M in 2025+211% since 2020
-$400.0M-$200.0M0$200.0M2020: -$118.5M-$118.5M20202021: -$42.4M-$42.4M2021−64%2022: $91.5M$91.5M20222023: -$97.7M-$97.7M20232024: -$215.1M-$215.1M2024+120%2025: -$369.0M-$369.0M2025+72%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenues$1.9B$2.2B$2.6B
Cost of revenues, exclusive of depreciation, depletion and amortization$1.5B$1.5B$1.7B
Selling, general, and administrative$190.5M$204.6M$233.6M
Depreciation, depletion and amortization$416.3M$442.2M$438.4M
Impairment of long-lived assets and goodwill$52.6M$74.5M$2.5M
Acquisition and integration costs$200.0K$7.8M$21.8M
Other operating expense, net$53.4M$27.1M$27.0M
Total operating costs and expenses$2.2B$2.3B$2.5B
Operating income (loss)-$225.8M-$60.4M$166.6M
Interest expense, net-$138.8M-$156.6M-$154.9M
Loss on extinguishment of debt-$800.0K-$33.5M
Other income (expense), net-$3.8M$3.0M-$36.2M
Loss before income taxes-$368.4M-$214.8M-$58.0M
Income tax benefit (expense)$12.9M$7.0M-$1.2M
Net loss-$355.5M-$207.8M-$59.2M
Less: net (income) loss attributable to noncontrolling interests-$13.5M-$7.3M$3.3M
Less: net income attributable to redeemable noncontrolling interests-$41.8M
Net loss attributable to ProFrac Holding Corp.-$369.0M-$215.1M-$97.7M
Net loss attributable to Class A common shareholders-$374.3M-$219.9M-$107.5M
Basic Loss per Class A common share-$2.22-$1.38-$0.82
Diluted Loss per Class A common share-$2.22-$1.38-$0.82
Weighted average Class A common shares outstanding, basic168.3M shares159.9M shares130.9M shares
Weighted average Class A common shares outstanding, diluted168.3M shares159.9M shares130.9M shares

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Leadership

Who has led ProFrac Holding Corp., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (16)

Timeline

  1. Aug 12, 2026New chief executive Matthew Wilks becomes CEO10
  2. May 12, 2022New chief executive Johnathan Ladd Wilks becomes CEO11

Filings

385 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 69 major events, 183 insider forms, 18 large holders, 96 other. The latest 20:

  1. Sep 16, 20268-K EDGAR
  2. Sep 15, 2026SCHEDULE 13D/A EDGAR
  3. Aug 26, 20264 EDGAR
  4. Aug 26, 20264 EDGAR
  5. Aug 12, 2026SCHEDULE 13D/A EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 12, 20264 EDGAR
  8. Aug 11, 20264 EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Aug 6, 20268-K EDGAR
  11. Jul 6, 20268-K EDGAR
  12. Jun 29, 2026SCHEDULE 13D/A EDGAR
  13. Jun 29, 20264 EDGAR
  14. Jun 26, 20264 EDGAR
  15. Jun 1, 20268-K EDGAR
  16. May 29, 20264 EDGAR
  17. May 29, 20264 EDGAR
  18. May 29, 20264 EDGAR
  19. May 29, 20264 EDGAR
  20. May 29, 20264 EDGAR

The 385 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

81 open-market trades by officers, directors and large owners since October 2021: 79 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 25, 2026Wilks Dan H.10% ownerBuy30,820$4.81$148.2KForm 4
Aug 25, 2026THRC Management, LLC10% ownerBuy30,820$4.81$148.2KForm 4
Aug 24, 2026Wilks Dan H.10% ownerBuy363,757$4.70$1.7MForm 4
Aug 24, 2026THRC Management, LLC10% ownerBuy363,757$4.70$1.7MForm 4
Aug 21, 2026Wilks Dan H.10% ownerBuy212,650$4.74$1.0MForm 4
Aug 21, 2026THRC Management, LLC10% ownerBuy212,650$4.74$1.0MForm 4
Aug 11, 2026Wilks MatthewChief Executive OfficerBuy22,481$5.44$122.3KForm 4
Aug 11, 2026Wilks Dan H.10% ownerBuy202,331$5.44$1.1MForm 4
Aug 10, 2026Wilks MatthewChief Executive OfficerBuy57,519$4.86$279.5KForm 4
Aug 10, 2026Wilks Dan H.10% ownerBuy517,669$4.86$2.5MForm 4
Sep 8, 2025Wilks MatthewChief Executive OfficerBuy43,297$3.80$164.6KForm 4
Aug 14, 2025Wilks Dan H.10% ownerBuy2,500,000$4.00$10.0MForm 4
Aug 14, 2025Wilks Farris10% ownerBuy2,500,000$4.00$10.0MForm 4
May 16, 2025THRC Management, LLC10% ownerBuy207,163$6.25$1.3MForm 4
May 15, 2025THRC Management, LLC10% ownerBuy390,253$6.10$2.4MForm 4
May 14, 2025THRC Management, LLC10% ownerBuy23,584$6.12$144.3KForm 4
May 13, 2025Wilks Dan H.10% ownerBuy728$4.93$3.6KForm 4
May 13, 2025Wilks MatthewChief Executive OfficerBuy647$4.94$3.2KForm 4
May 12, 2025Wilks Dan H.10% ownerBuy23,599$4.85$114.5KForm 4
May 12, 2025Wilks MatthewChief Executive OfficerBuy69,176$4.85$335.5KForm 4

All 81 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First Financial Bankshares Inc3,855,952$22.4M0.4%−33,526
Aqr Capital Management LLC2,644,484$15.4M0.0%+1,115,245
BlackRock, Inc.1,960,650$11.4M0.0%+101,187
D. E. Shaw & Co., Inc.1,567,698$9.1M0.0%+404,781
Bnp Paribas Financial Markets1,397,852$8.1M0.0%+394,043
Millennium Management LLC1,380,865$8.0M0.0%+584,709
Vanguard Capital Management LLC1,133,863$6.6M0.0%+894,619
Bridgeway Capital Management, LLC1,101,318$6.4M0.1%+40,830
Hotchkis & Wiley Capital Management LLC1,017,980$5.9M0.0%−234,100
Point72 Asset Management, L.P.982,370$5.7M0.0%+593,406
American Century Companies Inc923,147$5.4M0.0%+51,466
Dimensional Fund Advisors LP896,296$5.2M0.0%+505,876
Geode Capital Management, LLC824,513$4.8M0.0%+36,251
Wells Fargo & Company/mn814,027$4.7M0.0%−253,749
Empowered Funds, LLC743,818$4.3M0.0%+40,830
Osaic Holdings, Inc.645,237$3.7M0.0%+555,493
Jpmorgan Chase & Co627,260$3.6M0.0%+109,942
Two Sigma Investments, LP595,679$3.5M0.0%+472,336
State Street Corp548,571$3.2M0.0%+16,341
Morgan Stanley534,734$3.1M0.0%−6,755
Jump Financial, LLC501,558$2.9M0.0%New
Citadel Advisors LLC461,106$2.7M0.0%−183,053
Trexquant Investment LP449,744$2.6M0.0%+398,278
Tudor Investment Corp Et Al416,889$2.4M0.0%−58,729
UBS Group AG322,638$1.9M0.0%+126,842

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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