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$3.53+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(229.5) | $(215.0) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 290.8 | 313.7 |
| Amortization of acquired unfavorable contracts | — | (7.6) |
| Stock-based compensation | 5.4 | 6.6 |
| Loss on insurance recoveries | — | 0.3 |
| Loss on disposal of assets, net | 2.9 | 14.1 |
| Amortization of debt issuance costs | 8.7 | 8.9 |
| Loss on investments, net | — | 6.8 |
| Non-cash loss on debt extinguishment | 3.2 | — |
| Provision for credit losses, net of recoveries | — | 12.8 |
| Deferred tax expense (benefit) | 6.6 | (16.5) |
| Other non-cash items, net | 0.5 | 0.4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (83.1) | 26.4 |
| Inventories | (43.7) | 24.1 |
| Prepaid expenses and other assets | (7.8) | (7.3) |
| Accounts payable | 120.5 | (23.3) |
| Accrued expenses | 7.8 | 9.5 |
| Other liabilities | 1.0 | (13.9) |
| Net cash provided by operating activities | 83.3 | 140.0 |
| Cash flows from investing activities: | ||
| Investment in property, plant & equipment | (112.1) | (133.3) |
| Proceeds from sale of assets | 9.2 | 4.9 |
| Other | — | 0.4 |
| Net cash used in investing activities | (102.9) | (128.0) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | 99.1 | 38.5 |
| Repayments of long-term debt | (122.3) | (103.7) |
| Borrowings from revolving credit agreements | 1,371.3 | 1,344.3 |
| Repayments of revolving credit agreements | (1,287.2) | (1,324.6) |
| Payment of debt issuance costs | (16.2) | (0.6) |
| Cash settlement of vested stock awards | — | (1.2) |
| Tax withholding related to net share settlement of noncontrolling interest equity awards | (0.5) | — |
| Proceeds from issuance of common stock | — | 82.4 |
| Payment of common stock issuance costs | — | (3.4) |
| Other | (0.4) | (0.5) |
| Net cash provided by financing activities | 43.8 | 31.2 |
| Net increase in cash, cash equivalents, and restricted cash | 24.2 | 43.2 |
| Cash, cash equivalents, and restricted cash beginning of period | 22.9 | 14.8 |
| Cash, cash equivalents, and restricted cash end of period | $47.1 | $58.0 |
Condensed Consolidated Statements of Cash Flows (continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Non-cash investing and financing activities | ||
| Capital expenditures included in accounts payable | $13.6 | $10.0 |
| Operating lease liabilities incurred from obtaining right-of-use assets | $0.8 | $1.0 |
| Finance lease liabilities incurred from obtaining property, plant & equipment | $1.1 | $1.9 |
| Acquisition of equipment through settlement of accounts receivable — related party | $15.0 | $— |
| Transfer of Flotek shares to related party to repay debt | $60.0 | $— |
| Interest paid in kind through an increase of debt principal | $1.5 | $— |
| Shares issued to settle stock-based compensation liability | $5.0 | $— |
| Related party exchange of Flotek PWRtek Note for Flotek Term Loan | $12.5 | $— |
Notes to Unaudited Condensed Consolidated Financial Statements
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