ProFrac Holding Corp.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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.
Sep 30, 2026 · Filed Nov 5, 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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Condensed Consolidated Balance Sheets
(in millions, except per share amounts or where otherwise noted)
| September 30,2026 | December 31,2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents (includes VIE balances of $25.0 and $5.7) | $43.6 | $22.9 |
| Accounts receivable, net (net of allowances for credit losses of $14.2 and $14.6) (includes VIE balances of $66.1 and $19.0) | 348.4 | 266.8 |
| Accounts receivable — related party, net | 6.0 | 19.9 |
| Inventories (includes VIE balances of $33.2 and $10.6) | 194.9 | 151.3 |
| Prepaid expenses and other current assets (includes VIE balances of $0.7 and $0.9) | 26.1 | 22.6 |
| Total current assets | 619.0 | 483.5 |
| Property, plant, and equipment (net of accumulated depreciation of $1,772.5 and $1,582.2) (includes VIE net balances of $33.2 and $29.6) | 1,305.2 | 1,464.3 |
| Operating lease right-of-use assets, net | 119.0 | 154.3 |
| Goodwill | 290.2 | 290.2 |
| Intangible assets, net | 85.0 | 111.8 |
| Deferred tax assets (includes VIE balances of $22.4 and $29.0) | 22.4 | 29.0 |
| Other assets (includes VIE balances of $1.0 and $1.0) | 53.1 | 40.0 |
| Total assets | $2,493.9 | $2,573.1 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable (includes VIE balances of $75.1 and $48.0) | $378.5 | $257.1 |
| Accounts payable — related party | 41.3 | 42.2 |
| Accrued expenses (includes VIE balances of $6.2 and $8.5) | 80.4 | 74.0 |
| Current portion of long-term debt (includes VIE balances of $8.1 and $3.5) | 107.5 | 144.7 |
| Current portion of long-term debt — related party | 5.4 | 5.0 |
| Current portion of operating lease liabilities (includes VIE balances of $1.6 and $1.3) | 42.5 | 44.8 |
| Other current liabilities | 31.3 | 28.8 |
| Other current liabilities — related party | — | 0.8 |
| Total current liabilities | 686.9 | 597.4 |
| Long-term debt (includes VIE balances of $58.4 and $0.0) | 905.0 | 832.7 |
| Long-term debt — related party (includes VIE balances of $11.7 and $39.6) | 11.7 | 42.9 |
| Operating lease liabilities (includes VIE balances of $4.9 and $5.6) | 82.3 | 115.5 |
| Deferred tax liabilities | 11.8 | 11.8 |
| Tax receivable agreement liability | 82.0 | 82.0 |
| Other liabilities | 9.2 | 10.1 |
| Total liabilities | 1,788.9 | 1,692.4 |
| Commitments and contingencies (NOTE 10) | ||
| Mezzanine equity: | ||
| Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding | 73.0 | 68.8 |
| 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, 182.1 and 180.9 shares issued and outstanding | 1.8 | 1.8 |
| Class B common stock, $0.01 par value, 400.0 shares authorized, no shares issued and outstanding | — | — |
| Additional paid-in capital | 1,361.8 | 1,325.9 |
| Accumulated deficit | (858.3) | (610.2) |
| Total stockholders' equity attributable to ProFrac Holding Corp. | 505.3 | 717.5 |
| Noncontrolling interests | 126.7 | 94.4 |
| Total stockholders' equity | 632.0 | 811.9 |
| Total liabilities, mezzanine equity, and stockholders' equity | $2,493.9 | $2,573.1 |
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