Flowco Holdings Inc (FLOC) financial statements: income statement, balance sheet and cash flow
Flowco Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Flowco Holdings Inc reported revenue of $759.7M and net income of $131.7M.
Income statement
Flowco Holdings Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Rentals
$418.0M
Sales
$341.8M
Total revenues
$759.7M
Cost of rentals (exclusive of depreciation and amortization disclosed separately below)
$114.3M
Cost of sales (exclusive of depreciation and amortization disclosed separately below)
$232.2M
Selling, general and administrative expenses
$118.6M
Depreciation and amortization
$144.8M
Loss on sale of equipment
$742.0K
Income from operations
$149.0M
Interest expenses
($18.9M)
Loss on debt extinguishment
$0
Other income (expenses), net
$740.0K
Total other expenses
($18.2M)
Income before provision for income taxes
$130.8M
Income tax benefit (provision)
$842.0K
Net income
$131.7M
Net income attributable to redeemable non-controlling interests
$90.3M
Net income attributable to Flowco Holdings Inc.
$41.4M
Basic earnings per share
$1.53
Diluted earnings per share
$1.24
Weighted average shares outstanding, Basic
27.0M
Weighted average shares outstanding, Diluted
90.7M
Flowco Holdings Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Rentals
$132.7M
$121.9M
$107.0M
$102.1M
Sales
$103.2M
$87.7M
$70.0M
$91.1M
Total revenues
$235.9M
$209.5M
$176.9M
$193.2M
Cost of rentals (exclusive of depreciation and amortization disclosed separately below)
$35.2M
$32.6M
$29.3M
$27.6M
Cost of sales (exclusive of depreciation and amortization disclosed separately below)
$74.2M
$62.4M
$44.9M
$62.6M
Selling, general and administrative expenses
$35.7M
$36.5M
$29.0M
$32.7M
Depreciation and amortization
$49.4M
$41.5M
$39.0M
$33.2M
Loss on sale of equipment
$184.0K
$310.0K
$232.0K
$68.0K
Income from operations
$41.2M
$36.3M
$34.6M
$37.1M
Interest expense, net
($5.6M)
($4.3M)
($2.8M)
($6.4M)
Other income (expenses), net
($29.0K)
($461.0K)
$229.0K
$559.0K
Total other expenses
($5.6M)
($4.8M)
($2.5M)
($5.9M)
Income before provision for income taxes
$35.6M
$31.5M
$32.1M
$31.2M
Income tax provision
($4.6M)
($4.0M)
$2.2M
($3.9M)
Net income
$30.9M
$27.5M
$34.3M
$27.4M
Net income attributable to redeemable non-controlling interests
$18.4M
$20.0M
$21.8M
$21.9M
Net income attributable to Flowco Holdings Inc.
$12.5M
$7.4M
$12.5M
$5.5M
Basic earnings per share
$0.29
$0.24
$0.46
$0.21
Diluted earnings per share
$0.28
$0.23
$0.32
$0.21
Weighted average shares outstanding, Basic
42.9M
31.6M
27.4M
25.7M
Weighted average shares outstanding, Diluted
44.0M
32.7M
90.7M
26.2M
Balance sheet
Flowco Holdings Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$4.5M
Accounts receivable, net of allowances for credit losses of $1,079 and $1,169, respectively (Note 1)
$100.5M
Inventory
$149.6M
Prepaid expenses and other current assets
$5.6M
Total current assets
$260.2M
Property, plant and equipment, net
$797.5M
Operating lease right-of-use assets
$17.6M
Finance lease right-of-use assets
$25.9M
Intangible assets, net (Note 6)
$273.4M
Goodwill (Note 6)
$249.7M
Deferred tax asset
$16.7M
Other assets
$5.4M
Total assets
$1.6B
Accounts payable
$22.8M
Accrued expenses
$26.9M
Current portion of operating lease obligations
$8.0M
Current portion of finance lease obligations
$12.9M
Deferred revenue
$7.4M
Total current liabilities
$78.0M
Long-term debt, net
$167.8M
Tax receivable agreement liability
$22.0M
Operating lease obligations, net of current portion
$9.8M
Finance lease obligations, net of current portion
$10.9M
Total long-term liabilities
$210.4M
Total liabilities
$288.4M
Redeemable non-controlling interests
$1.1B
Members' equity
$0
Total members' equity
$0
Common Stock
$9.0K
Additional paid-in capital
$69.3M
Retained earnings
$159.3M
Total stockholders' equity to Flowco Holdings Inc.
$228.6M
Total liabilities, redeemable non-controlling interests and members'/stockholders' equity
$1.6B
Flowco Holdings Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$19.2M
$17.3M
$7.2M
$9.3M
Accounts receivable, net of allowances for credit losses of $1,325 and $1,079, respectively (Note 9)
$145.5M
$146.1M
$119.0M
$122.8M
Inventory
$186.3M
$186.0M
$159.3M
$150.8M
Prepaid expenses and other current assets
$19.7M
$6.2M
$7.7M
$9.4M
Total current assets
$370.7M
$355.6M
$293.2M
$292.3M
Property, plant and equipment, net
$863.0M
$853.9M
$801.1M
$717.7M
Operating lease right-of-use assets
$21.3M
$16.9M
$16.3M
$16.8M
Finance lease right-of-use assets
$24.5M
$25.1M
$27.4M
$26.4M
Intangible assets, net (Note 8)
$306.5M
$316.0M
$281.3M
$287.2M
Goodwill (Note 8)
$305.2M
$305.2M
$249.7M
$249.7M
Deferred tax asset, net
$27.1M
$20.0M
$11.5M
$10.1M
Other assets
$4.8M
$5.1M
$5.7M
$6.0M
Total assets
$1.9B
$1.9B
$1.7B
$1.6B
Accounts payable
$45.3M
$45.2M
$32.3M
$33.3M
Accrued expenses
$49.4M
$31.7M
$35.6M
$30.2M
Current portion of tax receivable agreement liability
$3.5M
—
—
—
Current portion of operating lease obligations
$8.6M
$8.4M
$7.3M
$7.4M
Current portion of finance lease obligations
$13.0M
$13.0M
$13.2M
$13.1M
Deferred revenue
$18.9M
$16.7M
$12.5M
$5.9M
Total current liabilities
$138.8M
$115.0M
$100.9M
$90.0M
Long-term debt, net
$298.4M
$328.0M
$222.6M
$167.1M
Tax receivable agreement liability
$104.7M
$92.4M
$19.8M
$12.5M
Operating lease obligations, net of current portion
$13.0M
$8.7M
$9.5M
$9.6M
Finance lease obligations, net of current portion
$9.2M
$9.9M
$12.1M
$12.0M
Total long-term liabilities
$425.2M
$439.0M
$264.0M
$201.1M
Total liabilities
$563.9M
$554.0M
$364.9M
$291.1M
Redeemable non-controlling interests
$993.9M
$1.0B
$950.3M
$1.2B
Total members' equity
$0
$0
$0
$0
Common Stock
$9.0K
$9.0K
$9.0K
$9.0K
Additional paid-in capital
$340.2M
$336.2M
$55.5M
$18.1M
Retained earnings
$24.9M
$0
$315.4M
$132.2M
Total stockholders' equity to Flowco Holdings Inc.
$365.1M
$336.2M
$371.0M
$150.3M
Total liabilities, redeemable non-controlling interests and stockholders' equity
$1.9B
$1.9B
$1.7B
$1.6B
Cash flow statement
Flowco Holdings Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Net income
$131.7M
Depreciation and amortization
$144.8M
Provision for inventory obsolescence
$1.8M
Amortization of operating right-of-use assets
$9.8M
Amortization of deferred financing costs
$1.3M
Loss on sale of equipment
$742.0K
Loss on debt extinguishment
$0
Gain on lease termination
($944.0K)
Stock-based compensation
$11.0M
Provision for deferred income taxes
($5.9M)
Allowance for credit losses
$1.0M
Accounts receivable
$18.9M
Inventory
($76.0K)
Prepaid expenses and other current assets
$4.4M
Other assets and liabilities
($82.0K)
Accounts payable - trade
($8.5M)
Accrued expenses
($6.9M)
Deferred revenue
($626.0K)
Operating lease liabilities
($9.9M)
Finance lease liabilities
$1.8M
Net cash provided by operating activities
$294.4M
Asset acquisition
($71.8M)
Additions to property, plant and equipment
($127.3M)
Payment of contingent consideration related to a business combination
($548.0K)
Proceeds from sale of property, plant and equipment
$467.0K
Net cash acquired in 2024 Business Combination
$0
Payment for capitalized patent costs
($571.0K)
Net cash used in investing activities
($199.8M)
Issuance of Class A common stock in IPO, net of underwriting discount
$461.8M
Payment of offering costs
($2.5M)
Repurchase of Class A common stock
($15.0M)
Payments on long-term debt
($1.1B)
Proceeds from long-term debt
$646.6M
Payments on finance lease obligations
($15.0M)
Proceeds on finance lease terminations
$469.0K
Purchase of LLC Interests from Continuing Equity Owners
($20.9M)
Payment of debt issuance costs
($13.0K)
Payment of dividend equivalent units
($10.0K)
Payment of tax withheld on stock-based compensation
($296.0K)
Distributions to members of Flowco LLC
($28.5M)
Dividends paid to Flowco Holdings Inc. shareholders
($6.7M)
Net cash used in financing activities
($94.7M)
Net increase (decrease) in cash and cash equivalents
($93.0K)
Beginning of period
$4.6M
End of period
$4.5M
Flowco Holdings Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$58.4M
$27.5M
$88.7M
$54.4M
Depreciation and amortization
$90.9M
$41.5M
$106.2M
$67.3M
Provision for inventory obsolescence
$1.2M
$404.0K
$1.6M
$1.3M
Amortization of operating right-of-use assets
$5.3M
$2.5M
$6.6M
$4.0M
Amortization of deferred financing costs
$675.0K
$338.0K
$1.0M
$674.0K
Loss on sale of equipment
$494.0K
$310.0K
$255.0K
$23.0K
Gain on lease termination
($42.0K)
($19.0K)
($791.0K)
($263.0K)
Stock-based compensation
$6.2M
$3.1M
$9.5M
$8.0M
Provision for deferred income taxes
$7.8M
$4.0M
($780.0K)
$1.4M
Allowance for credit losses
$583.0K
$373.0K
$1.6M
$941.0K
Accounts receivable
($15.0M)
($15.4M)
($168.0K)
($3.4M)
Inventory
($2.4M)
($1.3M)
($9.6M)
($941.0K)
Prepaid expenses and other current assets
($12.8M)
$654.0K
$2.3M
$614.0K
Other assets and liabilities
($46.0K)
($43.0K)
($74.0K)
($66.0K)
Accounts payable - trade
$16.0M
$15.9M
$1.0M
$2.0M
Accrued expenses
$14.0M
($3.9M)
$359.0K
($6.7M)
Deferred revenue
$7.4M
$5.0M
$4.5M
($2.1M)
Operating lease liabilities
($5.6M)
($2.8M)
($6.4M)
($3.6M)
Finance lease liabilities
$931.0K
$503.0K
$1.3M
$1.1M
Net cash provided by operating activities
$173.9M
$78.7M
$207.2M
$124.7M
Net cash paid in Valiant acquisition
($161.8M)
($161.8M)
—
—
Additions to property, plant and equipment
($71.9M)
($26.4M)
($103.3M)
($63.6M)
Proceeds from sale of property, plant and equipment
$105.0K
$4.0K
$434.0K
$270.0K
Payment for capitalized patent costs
($314.0K)
($133.0K)
($434.0K)
($95.0K)
Net cash used in investing activities
($233.9M)
($188.3M)
($175.6M)
($63.4M)
Issuance of Class A common stock in IPO, net of underwriting discount
$0
$0
$461.8M
$461.8M
Payment of offering costs
$0
$0
($2.5M)
($2.5M)
Repurchase of Class A common stock
($16.5M)
($16.5M)
($15.0M)
—
Payments on long-term debt
($536.4M)
($309.0M)
($906.8M)
($706.7M)
Proceeds from long-term debt
$667.0M
$469.1M
$493.5M
$237.8M
Payments on finance lease obligations
($8.2M)
($4.1M)
($11.0M)
($5.7M)
Proceeds on finance lease terminations
$36.0K
$0
$349.0K
$313.0K
Purchase of LLC Interests from Continuing Equity Owners
$0
$0
($20.9M)
($20.9M)
Payment of debt issuance costs
$0
$0
($13.0K)
($13.0K)
Payment of dividend equivalent units
($2.0K)
($2.0K)
($10.0K)
—
Payments of selling commissions and fees
($69.0K)
—
—
—
Distributions to members of Flowco LLC
($25.0M)
($14.8M)
($23.7M)
($18.8M)
Dividends paid to Flowco Holdings Inc. shareholders
($6.1M)
($2.4M)
($4.4M)
($2.1M)
Net cash provided by (used in) financing activities
$74.6M
$122.4M
($28.9M)
($56.6M)
Net increase (decrease) in cash and cash equivalents