ProFrac Holding Corp.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
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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Consolidated Balance Sheets
(in millions, except per share amounts or where otherwise noted)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents (includes VIE balances of $5.7 and $4.4) | $22.9 | $14.8 |
| Accounts receivable, net (net of allowances for credit losses of $14.6 and $2.7) (includes VIE balances of $19.0 and $17.3) | 266.8 | 312.7 |
| Accounts receivable — related party, net | 19.9 | 16.1 |
| Inventories (includes VIE balances of $10.6 and $12.9) | 151.3 | 201.1 |
| Prepaid expenses and other current assets (includes VIE balances of $0.9 and $0.9) | 22.6 | 29.4 |
| Total current assets | 483.5 | 574.1 |
| 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) | 1,464.3 | 1,761.2 |
| Operating lease right-of-use assets, net | 154.3 | 158.6 |
| Goodwill | 290.2 | 302.0 |
| Intangible assets, net | 111.8 | 148.9 |
| Deferred tax assets (includes VIE balances of $29.0 and $0.0) | 29.0 | — |
| Other assets (includes VIE balances of $1.0 and $1.0) | 40.0 | 43.3 |
| Total assets | $2,573.1 | $2,988.1 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable (includes VIE balances of $48.0 and $37.4) | $257.1 | $324.3 |
| Accounts payable — related party | 42.2 | 18.1 |
| Accrued expenses (includes VIE balances of $8.5 and $6.0) | 74.0 | 67.2 |
| Current portion of long-term debt (includes VIE balances of $3.5 and $4.8) | 144.7 | 159.6 |
| Current portion of long-term debt— related party | 5.0 | 5.0 |
| Current portion of operating lease liabilities (includes VIE balances of $1.3 and $1.5) | 44.8 | 26.0 |
| Other current liabilities | 28.8 | 56.6 |
| Other current liabilities — related party | 0.8 | 3.2 |
| Total current liabilities | 597.4 | 660.0 |
| Long-term debt | 832.7 | 936.1 |
| Long-term debt — related party (includes VIE balances of $39.6 and $0) | 42.9 | 8.3 |
| Operating lease liabilities (includes VIE balances of $5.6 and $6.5) | 115.5 | 137.1 |
| Deferred tax liabilities | 11.8 | 14.9 |
| Tax receivable agreement liability | 82.0 | 82.9 |
| Other liabilities | 10.1 | 9.2 |
| Total liabilities | 1,692.4 | 1,848.5 |
| Commitments and contingencies (NOTE 14) | ||
| Mezzanine equity: | ||
| Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding | 68.8 | 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, 180.9 and 160.2 shares issued and outstanding | 1.8 | 1.5 |
| Class B common stock, $0.01 par value, 400.0 shares authorized, no shares issued and outstanding | — | — |
| Additional paid-in capital | 1,325.9 | 1,241.2 |
| Accumulated deficit | (610.2) | (235.9) |
| Accumulated other comprehensive income | — | 0.1 |
| Total stockholders' equity attributable to ProFrac Holding Corp. | 717.5 | 1,006.9 |
| Noncontrolling interests | 94.4 | 69.2 |
| Total stockholders' equity | 811.9 | 1,076.1 |
| Total liabilities, mezzanine equity, and stockholders' equity | $2,573.1 | $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.