← ProFrac Holding Corp.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash and cash equivalents (includes VIE balances of $5.7 and $4.4) | $5.4m | $35.1m | $25.3m | $14.8m | $22.9m | |
| Accounts receivable, net (net of allowances for credit losses of $14.6 and $2.7) (includes VIE balances of $19.0 and $17.3) | $161.6m | $535.5m | $346.1m | $312.7m | $266.8m | |
| Accounts receivable - related party, net | — | $2.1m | $6.8m | $16.1m | $19.9m | |
| Inventories (includes VIE balances of $10.6 and $12.9) | $74.0m | $249.5m | $236.6m | $201.1m | $151.3m | |
| Prepaid expenses and other current assets (includes VIE balances of $0.9 and $0.9) | $6.2m | $43.2m | $23.3m | $29.4m | $22.6m | |
| Tax receivable agreement liability | — | — | $68.1m | $82.9m | $82.0m | |
| Total current assets | $251.7m | $865.4m | $638.1m | $574.1m | $483.5m | |
| Property, plant, and equipment (net of accumulated depreciation of $1,582.2 and $1,312.4) (includes VIE net balances of $29.6 and $16.7) | $363.7m | $1.4b | $1.8b | $1.8b | $1.5b | |
| Goodwill | — | $240.5m | $325.9m | $302.0m | $290.2m | |
| Intangible assets, net | $27.8m | $203.1m | $173.5m | $148.9m | $111.8m | |
| Operating lease right-of-use assets, net | — | $112.9m | $87.2m | $158.6m | $154.3m | |
| Other assets (includes VIE balances of $1.0 and $1.0) | $17.2m | $56.3m | $37.8m | $35.8m | $40.0m | |
| Investments ($23.4 at fair value at December 31, 2023) | $4.2m | $58.6m | $28.9m | $7.5m | $1.0b | |
| Deferred tax assets (includes VIE balances of $29.0 and $0.0) | — | $400k | $300k | $0 | $29.0m | |
| Current portion of operating lease liabilities (includes VIE balances of $1.3 and $1.5) | — | $36.0m | $24.5m | $26.0m | $44.8m | |
| Other current liabilities | $34.4m | $25.7m | $84.1m | $56.6m | $28.8m | |
| Other current liabilities - related party | — | — | $7.4m | $3.2m | $800k | |
| Operating lease liabilities (includes VIE balances of $5.6 and $6.5) | — | $81.0m | $67.8m | $137.1m | $115.5m | |
| Other liabilities | — | $36.0m | $15.2m | $9.2m | $10.1m | |
| Total assets | $664.6m | $2.9b | $3.1b | $3.0b | $2.6b | |
| Accounts payable (includes VIE balances of $48.0 and $37.4) | $136.7m | $339.4m | $319.0m | $324.3m | $257.1m | |
| Accounts payable - related party | — | $24.0m | $21.9m | $18.1m | $42.2m | |
| Accrued expenses (includes VIE balances of $8.5 and $6.0) | $22.5m | $115.4m | $65.6m | $67.2m | $74.0m | |
| Current portion of long-term debt (includes VIE balances of $3.5 and $4.8) | $31.8m | $127.6m | $126.4m | $164.6m | $144.7m | |
| Current portion of long-term debt- related party | — | — | — | $5.0m | $5.0m | |
| Total current liabilities | $246.7m | $668.1m | $648.9m | $660.0m | $597.4m | |
| Long-term debt | $235.1m | $735.0m | $923.5m | $931.1m | $832.7m | |
| Long-term debt - related party (includes VIE balances of $39.6 and $0) | — | $62.8m | $18.6m | $13.3m | $42.9m | |
| Deferred tax liabilities | — | — | $0 | $14.9m | $11.8m | |
| Total liabilities | $516.5m | $1.6b | $1.7b | $1.8b | $1.7b | |
| Redeemable noncontrolling interest | — | $2.5b | $0 | $0 | $0 | |
| Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding | — | — | 58.7m | 63.5m | 68.8m | |
| Common stock, value | — | $1.5m | $1.5m | $1.5m | $1.8m | |
| Additional paid-in capital | — | — | $1.2b | $1.2b | $1.3b | |
| Accumulated deficit | — | $1.2b | ($16.0m) | ($235.9m) | ($610.2m) | |
| Accumulated other comprehensive income | $100k | — | $300k | $100k | $0 | |
| Noncontrolling interests | $1.0m | $72.2m | $58.7m | $69.2m | $94.4m | |
| Total stockholders' equity attributable to ProFrac Holding Corp. | $147.1m | ($1.2b) | $1.2b | $1.0b | $717.5m | |
| Total stockholders' equity | $148.1m | ($1.1b) | $1.3b | $1.1b | $811.9m | |
| Total liabilities, mezzanine equity, and stockholders' equity | $664.6m | $2.9b | $3.1b | $3.0b | $2.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.