Business
ProFrac Holding Corp. Reports Full Year and Fourth Quarter 2025 Results
WILLOW PARK, Texas--(BUSINESS WIRE)-- ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced financial and operational results
About this update from Profrac Holding Corp.
[{"type":"text","content":" WILLOW PARK, Texas--(BUSINESS WIRE)--\nProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced financial and operational results for its 2025 full year and fourth quarter ended December 31, 2025.\n\n\nFull Year 2025 Results\n\n\n\nTotal revenue was $1.94 billion compared to revenue of $2.19 billion in 2024\n\n\n\nNet loss was $356 million compared to net loss of $208 million in 2024\n\n\n\nAdjusted EBITDA¹ was $310 million compared to $501 million in 2024; 16% of revenue in 2025 compared to 23% of revenue in 2024\n\n\n\nNet cash provided by operating activities was $190 million compared to $367 million in 2024\n\n\n\nCapital expenditures totaled $170 million compared to $255 million in 2024\n\n\n\nFree cash flow² was $25 million compared to $185 million in 2024\n\n\n\nNet debt³ was $1.03 billion as of December 31, 2025\n\n\n\nFourth Quarter 2025 Results\n\n\n\nTotal revenue was $437 million compared to third quarter revenue of $403 million\n\n\n\nNet loss was $141 million compared to net loss of $92 million in the third quarter\n\n\n\nAdjusted EBITDA¹ was $61 million compared to $41 million in the third quarter; 14% of revenue in the fourth quarter compared to 10% of revenue in the third quarter\n\n\n\nNet cash provided by operating activities was $50 million compared to $5 million in the third quarter\n\n\n\nCapital expenditures totaled $37 million compared to $38 million in the third quarter\n\n\n\nFree cash flow² was $14 million compared to negative $29 million in the third quarter\n\n\n\n\"Our results in the fourth quarter 2025 improved meaningfully from the third quarter. Total Adjusted EBITDA increased 49% on improvement across both Stimulation Services and Proppant Production. This performance was driven by better than anticipated activity levels, strong operational execution, and the early benefits of our cost and capital management initiatives,\" stated Matt Wilks, ProFrac's Executive Chairman.\n\n\n\"Harsh winter weather conditions resulted in disruptions to our 2026 start; however, momentum has been building as conditions improved. Looking at the broader completions landscape, activity today is running below levels needed to sustain flat shale production. Additionally, capital discipline across the industry has set the stage for meaningful supply-demand tightening as activity picks up. Last...