RPC Inc (RES) financial statements: income statement, balance sheet and cash flow

RPC 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), RPC Inc reported revenue of $1.6B (+15.0% year on year) and net income of $32.1M (-64.9% year on year).

Income statement

RPC Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$1.6B	$1.4B	$1.6B	$1.6B
Cost of revenues (exclusive of depreciation and amortization shown separately below)	$1.2B	$1.0B	$1.1B	$1.1B
Selling, general and administrative expenses	$175.6M	$156.4M	$165.9M	$148.6M
Acquisition related employment costs	$20.3M	—	—	—
Depreciation and amortization	$161.2M	$132.6M	$108.1M	$83.0M
Gain on disposition of assets, net	($8.2M)	($8.2M)	($9.3M)	($8.8M)
Operating income	$44.7M	$97.5M	$244.9M	$287.9M
Interest expense	($3.0M)	($724.0K)	($341.0K)	($614.0K)
Interest income	$8.4M	$13.1M	$8.6M	$1.2M
Other income, net	$6.4M	$2.9M	$3.0M	$1.1M
Income before income taxes	$56.5M	$112.8M	$256.2M	$289.6M
Income tax provision	$24.5M	$21.4M	$61.1M	$71.3M
Net income	$32.1M	$91.4M	$195.1M	$218.4M
Basic (in dollars per share)	$0.15	$0.43	$0.90	$1.01
Diluted (in dollars per share)	$0.15	$0.43	$0.90	$1.01

RPC Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$460.9M	$454.8M	$447.1M	$420.8M
Cost of revenues (exclusive of depreciation and amortization shown separately below)	$345.7M	$355.6M	$334.7M	$317.7M
Selling, general and administrative expenses	$51.5M	$48.2M	$44.6M	$40.8M
Acquisition related employment costs	$7.3M	$7.3M	$6.5M	$6.6M
Depreciation and amortization	$43.0M	$42.9M	$44.1M	$42.3M
Gain on disposition of assets, net	($1.4M)	($1.8M)	($3.6M)	($2.2M)
Operating income	$14.8M	$2.6M	$20.8M	$15.5M
Interest expense	($671.0K)	($830.0K)	($949.0K)	($1.0M)
Interest income	$1.5M	$1.8M	$1.7M	$1.6M
Other income, net	$929.0K	$749.0K	$968.0K	$1.2M
Income before income taxes	$16.6M	$4.3M	$22.6M	$17.3M
Income tax provision	$4.5M	$3.5M	$9.6M	$7.2M
Net income	$12.1M	$855.0K	$13.0M	$10.1M
Basic (in dollars per share)	$0.05	$0.00	$0.06	$0.05
Diluted (in dollars per share)	$0.05	$0.00	$0.06	$0.05

Balance sheet

RPC Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$210.0M	$326.0M	$223.3M	$126.4M
Accounts receivable, net	$327.7M	$276.6M	$324.9M	$416.6M
Inventories	$119.0M	$107.6M	$110.9M	$97.1M
Income taxes receivable	$6.3M	$4.3M	$52.3M	$42.4M
Prepaid expenses	$18.3M	$16.1M	$12.9M	$17.8M
Other current assets	$23.2M	$2.2M	$2.8M	$3.1M
Total current assets	$704.5M	$732.8M	$727.1M	$703.3M
Property, plant and equipment, net	$531.6M	$513.5M	$435.1M	$333.1M
Operating lease right-of-use assets	$24.1M	$27.5M	$24.5M	$28.9M
Finance lease right-of-use assets	$1.9M	$4.4M	$1.0M	—
Goodwill	$83.4M	$50.8M	$50.8M	$32.1M
Other intangibles, net	$97.5M	$13.8M	$12.8M	—
Other assets	$25.4M	$12.9M	$35.4M	$31.6M
Total assets	$1.5B	$1.4B	$1.3B	$1.1B
Accounts payable	$119.8M	$84.5M	$85.0M	$115.2M
Accrued payroll and related expenses	$38.6M	$25.2M	$31.0M	$33.2M
Accrued insurance expenses	$7.2M	$7.9M	$5.3M	$3.2M
Accrued state, local and other taxes	$3.5M	$3.2M	$4.5M	$4.3M
Income taxes payable	$787.0K	$446.0K	$275.0K	$499.0K
Unearned revenue	$13.2M	$45.4M	$15.7M	—
Current portion of operating lease liabilities	$7.6M	$7.1M	$7.4M	$10.7M
Current portion of finance lease liabilities and finance obligations	$977.0K	$3.5M	$375.0K	—
Current portion of notes payable	$20.0M	—	—	—
Accrued expenses and other liabilities	$5.4M	$4.5M	$2.3M	$1.9M
Total current liabilities	$217.2M	$181.9M	$151.9M	$178.6M
Accrued insurance expenses	$15.6M	$12.2M	$10.2M	$7.1M
Notes payable	$30.0M	—	—	—
Operating lease liabilities	$17.8M	$21.7M	$18.6M	$19.5M
Finance lease liabilities	$1.0M	$559.0K	$819.0K	—
Other long-term liabilities	$10.8M	$9.1M	$7.8M	$5.4M
Deferred income taxes	$76.9M	$58.2M	$51.3M	$37.5M
Total liabilities	$369.2M	$308.2M	$264.3M	$271.3M
Common stock, $0.10 par value, 349,000,000 shares authorized, 220,571,673 and 214,942,136 shares issued and outstanding in 2025 and 2024, respectively	22.1M	21.5M	21.5M	21.7M
Capital in excess of par value	$0	$0	$0	$0
Retained earnings	$1.1B	$1.1B	$1.0B	$856.0M
Accumulated other comprehensive loss	($2.5M)	($2.8M)	($2.4M)	($19.9M)
Total stockholders' equity	$1.1B	$1.1B	$1.0B	$857.7M
Total liabilities and stockholders' equity	$1.5B	$1.4B	$1.3B	$1.1B

RPC Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$179.5M	$200.7M	$163.5M	$162.1M
Accounts receivable, net	$378.5M	$374.7M	$359.9M	$303.4M
Inventories	$125.8M	$120.4M	$117.7M	$117.7M
Income taxes receivable	$3.4M	$1.7M	$3.4M	$1.3M
Prepaid expenses	$15.5M	$14.2M	$12.0M	$13.9M
Other current assets	$23.2M	$23.1M	$12.2M	$12.0M
Total current assets	$726.0M	$734.8M	$701.3M	$641.9M
Property, plant and equipment, net	$519.0M	$521.2M	$560.3M	$560.9M
Operating lease right-of-use assets	$19.5M	$22.2M	$24.7M	$24.8M
Finance lease right-of-use assets	$1.6M	$1.9M	$5.8M	$5.9M
Goodwill	$81.2M	$81.2M	$74.3M	$93.2M
Other intangibles, net	$93.8M	$96.7M	$104.5M	$107.1M
Other assets	$18.7M	$22.9M	$28.0M	$30.5M
Total assets	$1.5B	$1.5B	$1.5B	$1.5B
Accounts payable	$147.0M	$160.8M	$143.2M	$132.4M
Accrued payroll and related expenses	$33.2M	$27.0M	$30.7M	$29.9M
Accrued insurance expenses	$8.1M	$8.4M	$9.1M	$8.4M
Accrued state, local and other taxes	$6.1M	$5.1M	$7.1M	$6.5M
Income taxes payable	$896.0K	$881.0K	$810.0K	$5.2M
Current portion of operating lease liabilities	$5.8M	$6.4M	$7.5M	$7.2M
Current portion of finance lease liabilities	$941.0K	—	—	—
Current portion of notes payable	$10.0M	$20.0M	$20.0M	$20.0M
Accrued expenses and other liabilities	$5.4M	$5.4M	$5.4M	$5.4M
Total current liabilities	$217.3M	$235.0M	$252.1M	$243.0M
Accrued insurance expenses	$17.3M	$16.1M	$13.8M	$13.6M
Notes payable	$20.0M	$30.0M	$30.0M	$30.0M
Operating lease liabilities	$14.4M	$16.3M	$18.3M	$18.4M
Finance lease liabilities	$756.0K	$970.0K	$1.0M	$1.2M
Other long-term liabilities	$6.9M	$10.9M	$10.9M	$12.8M
Deferred income taxes	$74.3M	$75.3M	$70.3M	$54.4M
Total liabilities	$351.0M	$384.7M	$396.4M	$373.4M
Common stock, $0.10 par value, 349,000,000 shares authorized, 221,657,012 and 220,571,673 shares issued and outstanding in 2026 and 2025, respectively	22.2M	22.2M	22.1M	22.1M
Capital in excess of par value	$0	$0	$0	$0
Retained earnings	$1.1B	$1.1B	$1.1B	$1.1B
Accumulated other comprehensive loss	($2.8M)	($2.7M)	($2.7M)	($2.5M)
Total stockholders' equity	$1.1B	$1.1B	$1.1B	$1.1B
Total liabilities and stockholders' equity	$1.5B	$1.5B	$1.5B	$1.5B

Cash flow statement

RPC Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$32.1M	$91.4M	$195.1M	$218.4M
Depreciation and amortization	$161.2M	$132.6M	$108.1M	—
Stock-based compensation expense	$12.4M	$9.2M	$7.9M	$6.4M
Gain on disposition of assets, net	($8.2M)	($8.2M)	($9.3M)	($8.8M)
Deferred income tax provision	$18.7M	$6.9M	$8.6M	$19.5M
Acquisition related employment costs	$20.3M	—	—	—
Other non-cash adjustments	$556.0K	$709.0K	$126.0K	—
Accounts receivable	$15.3M	$48.0M	$104.6M	($157.9M)
Income taxes receivable	($2.0M)	$47.9M	($9.9M)	$16.1M
Inventories	($3.6M)	$3.0M	($12.3M)	($18.4M)
Prepaid expenses	($1.9M)	($1.6M)	$5.2M	($8.0M)
Other current assets	($1.2M)	($1.0K)	$311.0K	$406.0K
Retirement plan assets	($2.4M)	—	—	—
Other non-current assets	($2.1M)	($2.2M)	($1.3M)	$9.3M
Accounts payable	($21.4M)	$278.0K	($34.5M)	$35.8M
Income taxes payable	$341.0K	$171.0K	($224.0K)	($157.0K)
Unearned revenue	($32.1M)	$29.6M	$15.7M	—
Accrued payroll and related expenses	$10.4M	($5.7M)	($2.2M)	$17.9M
Accrued insurance expenses	($748.0K)	$2.6M	$2.1M	($6.9M)
Accrued state, local and other taxes	($477.0K)	($1.2M)	$165.0K	$2.4M
Other accrued expenses	$9.0K	($6.5M)	($5.7M)	($3.7M)
Retirement plan liabilities	($65.0K)	$815.0K	$618.0K	($4.6M)
Long-term accrued insurance expenses	$3.4M	$2.0M	$3.1M	($4.6M)
Other long-term liabilities	$2.8M	$653.0K	$5.7M	$1.7M
Net cash provided by operating activities	$201.3M	$349.4M	$394.8M	$201.3M
Capital expenditures	($148.4M)	($219.9M)	($181.0M)	($139.6M)
Proceeds from sale of assets	$19.5M	$18.4M	$18.1M	$15.8M
Purchase of business, net of cash and debt assumed	($153.4M)	—	—	—
Proceeds from benefit plan financing arrangement	$33.1M	$2.4M	—	—
Distribution from benefit plan financing arrangement	($24.5M)	($2.4M)	—	—
Net cash used for investing activities	($273.7M)	($201.6M)	($241.7M)	($123.7M)
Payment of dividends	($35.1M)	($34.4M)	($34.6M)	($8.6M)
Repayment of debt assumed at acquisition	($4.5M)	—	—	—
Cash paid for common stock purchased and retired	($2.9M)	($9.9M)	($21.1M)	($918.0K)
Cash paid for finance lease	($1.1M)	($799.0K)	($515.0K)	($24.0M)
Net cash used for financing activities	($43.6M)	($45.2M)	($56.2M)	($33.6M)
Net (decrease) increase in cash and cash equivalents	($116.0M)	$102.7M	$96.9M	$44.0M
Cash and cash equivalents at beginning of period	$326.0M	$223.3M	$126.4M	$82.4M
Cash and cash equivalents at end of period	$210.0M	$326.0M	$223.3M	$126.4M
Interest paid	$2.5M	$170.0K	$166.0K	$170.0K
Capital expenditures included in accounts payable	$7.4M	$8.2M	$9.0M	$9.3M

RPC 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	$12.9M	$855.0K	$35.1M	$22.2M
Depreciation and amortization	$85.8M	$42.9M	$122.1M	$78.0M
Stock-based compensation expense	$7.7M	$3.5M	$9.1M	$6.1M
Gain on disposition of assets, net	($3.2M)	($1.8M)	($7.3M)	($3.7M)
Deferred income tax benefit	($2.6M)	($1.5M)	$12.1M	($3.8M)
Acquisition related employment costs	$14.6M	$7.3M	$13.0M	$6.6M
Other non-cash adjustments	$119.0K	$56.0K	($79.0K)	($193.0K)
Accounts receivable	($51.0M)	($47.1M)	($4.7M)	$39.7M
Income taxes receivable	$2.9M	$4.6M	$956.0K	$3.0M
Inventories	($6.9M)	($1.4M)	($2.4M)	($2.3M)
Prepaid expenses	$2.8M	$4.1M	$4.4M	$2.5M
Other current assets	($164.0K)	$33.0K	($1.6M)	($579.0K)
Other non-current assets	$2.6M	$453.0K	($2.5M)	($1.2M)
Accounts payable	$26.9M	$41.3M	($2.2M)	($21.4M)
Income taxes payable	$109.0K	$94.0K	$364.0K	$4.7M
Unearned revenue	($13.2M)	($13.2M)	($45.4M)	($45.4M)
Accrued payroll and related expenses	($5.4M)	($11.7M)	$2.4M	$1.6M
Accrued insurance expenses	$869.0K	$1.2M	$1.1M	$433.0K
Accrued state, local and other taxes	$2.5M	$1.6M	$3.1M	$2.5M
Other accrued expenses	($2.0M)	($1.3M)	$261.0K	$273.0K
Long-term accrued insurance expenses	$1.7M	$564.0K	$1.6M	$1.4M
Other long-term liabilities	($2.4M)	$638.0K	$2.4M	$4.0M
Net cash provided by operating activities	$74.6M	$31.2M	$139.5M	$92.9M
Capital expenditures	($70.8M)	($32.1M)	($117.8M)	($75.3M)
Proceeds from sale of assets	$7.4M	$4.3M	$15.9M	$9.5M
Net cash used for investing activities	($63.4M)	($27.8M)	($267.5M)	($231.5M)
Payment of dividends	($17.7M)	($8.9M)	($26.3M)	($17.5M)
Repayment of debt	($20.0M)	—	($4.5M)	($4.5M)
Cash paid for common stock purchased and retired	($3.5M)	($3.5M)	($2.9M)	($2.9M)
Cash paid for finance lease	($516.0K)	($260.0K)	($806.0K)	($474.0K)
Net cash used for financing activities	($41.7M)	($12.6M)	($34.5M)	($25.3M)
Net decrease in cash and cash equivalents	($30.5M)	($9.2M)	($162.5M)	($163.9M)
Cash and cash equivalents at beginning of period	$210.0M	$210.0M	$326.0M	$326.0M
Cash and cash equivalents at end of period	$179.5M	$200.7M	$163.5M	$162.1M
Income tax payments, net	$7.4M	$185.0K	$8.0M	$7.5M
Interest paid	$1.3M	$746.0K	$1.7M	$875.0K
Capital expenditures included in accounts payable	$7.7M	$7.1M	$11.7M	$10.3M

RPC Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.