Flotek Achieves Highest Revenues Since 2017; Data Analytics Service Up 381% in Q4
Flotek posted its highest revenues since 2017, with Data Analytics service revenues up 381% year-over-year boosting Q4 gross profit to 73% and SG&A expenses trimmed to 11% of revenue. PWRtek will begin Q2 revenue on a contract adding to its $27m dry-lease program, with $10–15m 2026 CapEx for fleet growth.
1. Record Revenues and Segment Performance
Flotek achieved its highest quarterly and annual revenues since 2017, propelled by a 381% year-over-year surge in Data Analytics service revenues and strong Chemistry segment growth, culminating in a 73% gross profit margin for Q4 2025.
2. PWRtek Contract Pipeline and CapEx Plans
Flotek’s PWRtek unit has secured a new utility infrastructure contract set to generate revenue in Q2, adding to its $27 million dry-lease program, with plans to double its fleet by year-end and allocate $10 million to $15 million in CapEx for expansion in 2026.
3. Cost Structure and Tax Rate Changes
SG&A expenses declined to 11% of revenue from 13% a year earlier despite higher personnel and professional fees, while the effective tax rate rose to approximately 35% compared to 7% in the prior-year quarter, impacting net income.