ProFrac Holding Corp
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
ACDC$3.42+13.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in millions, except per share amounts or where otherwise noted)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $16.0 | $14.8 |
| Accounts receivable, net | 405.8 | 312.7 |
| Accounts receivable — related party, net | 17.6 | 16.1 |
| Inventories | 200.1 | 201.1 |
| Prepaid expenses and other current assets | 30.3 | 29.4 |
| Total current assets | 669.8 | 574.1 |
| Property, plant, and equipment (net of accumulated depreciation of $1,387.2 and $1,312.4, respectively) | 1,713.8 | 1,761.2 |
| Operating lease right-of-use assets, net | 151.7 | 158.6 |
| Goodwill | 301.3 | 302.0 |
| Intangible assets, net | 139.6 | 148.9 |
| Other assets | 44.7 | 43.3 |
| Total assets | $3,020.9 | $2,988.1 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $351.6 | $324.3 |
| Accounts payable — related party | 40.0 | 18.1 |
| Accrued expenses | 75.0 | 67.2 |
| Current portion of long-term debt | 146.8 | 159.6 |
| Current portion of long-term debt— related party | 5.0 | 5.0 |
| Current portion of operating lease liabilities | 27.0 | 26.0 |
| Other current liabilities | 36.3 | 56.6 |
| Other current liabilities — related party | 2.8 | 3.2 |
| Total current liabilities | 684.5 | 660.0 |
| Long-term debt | 967.9 | 936.1 |
| Long-term debt — related party | 7.1 | 8.3 |
| Operating lease liabilities | 130.3 | 137.1 |
| Deferred tax liabilities | 14.8 | 14.9 |
| Tax receivable agreement liability | 82.9 | 82.9 |
| Other liabilities | 9.3 | 9.2 |
| Total liabilities | 1,896.8 | 1,848.5 |
| Commitments and contingencies (NOTE 9) | ||
| Mezzanine equity: | ||
| Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding | 64.8 | 63.5 |
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding | — | — |
| Class A common stock, $0.01 par value, 600.0 shares authorized, 160.2 and 160.2 shares issued and outstanding, respectively | 1.5 | 1.5 |
| Class B common stock, $0.01 par value, 400.0 shares authorized, no shares issued and outstanding | — | — |
| Additional paid-in capital | 1,241.1 | 1,241.2 |
| Accumulated deficit | (254.7) | (235.9) |
| Accumulated other comprehensive income | 0.2 | 0.1 |
| Total stockholders' equity attributable to ProFrac Holding Corp. | 988.1 | 1,006.9 |
| Noncontrolling interests | 71.2 | 69.2 |
| Total stockholders' equity | 1,059.3 | 1,076.1 |
| Total liabilities, mezzanine equity, and stockholders' equity | $3,020.9 | $2,988.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.