ProFrac Holding Corp. (ACDC)
ProFrac Holding Corp. brought in $1.9B of revenue over the twelve months to September 30, 2026, down 3.3% from a year earlier. It posted a net loss of $386.5M. Operating cash flow minus capital spending left $19.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $43.6M in cash against $905M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about ProFrac Holding Corp.
- Net worth
- ProFrac Holding Corp. has a market value (market cap) of $642.9M at the latest share price, and shareholders' equity of $505.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.9B (-11.4% year on year), with a net loss of $369M. Over the 12 months to September 30, 2026: revenue $1.9B, net loss $386.5M.
- Cash flow
- In fiscal 2025 operations brought in $189.5M of cash; after $169.9M of capital spending, free cash flow was $19.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- ProFrac Holding Corp.'s next report is expected around March 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What ProFrac Holding Corp. does
ProFrac Holding Corp. is registered with the SEC under industry code SIC 1389 (Oil & Gas Field Services, NEC). Its shares trade on NASDAQ under the ticker ACDC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.9B | -$369M | -$2.22 | $19.6M |
| 2024 | $2.2B | -$215.1M | -$1.38 | $112.3M |
| 2023 | $2.6B | -$97.7M | -$0.82 | $286.5M |
| 2022 | $2.4B | $91.5M | $2.06 | $59M |
| 2022 | $768.4M | -$42.4M | n/a | -$43.5M |
| 2020 | $547.7M | -$118.5M | n/a | -$2.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where ACDC ranks in Energy
Latest SEC filings
What ProFrac Holding Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 27% to $511.1M versus the same quarter last year; diluted EPS -$0.45 versus -$0.60.
- November 5, 2026
- September 16, 2026Material agreement8-KProFrac amended its term loan credit agreement to defer principal amortization, extend maturity to 2030, and cancel $60,000,000 of debt using Flotek shares.
- August 12, 2026Activist stake changed SCHEDULE 13D/A
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 0.8% to $498.1M versus the same quarter last year; diluted EPS -$0.45 versus -$0.68.
- August 6, 2026
- July 6, 2026
- June 29, 2026Activist stake changed SCHEDULE 13D/A
- June 1, 2026
- May 8, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 25% to $449.6M versus the same quarter last year; diluted EPS -$0.47 versus -$0.12.
What is ACDC worth? A DCF from its reported cash flow
Insider trades
What the people running ProFrac Holding Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $5.7M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 25, 2026 | THRC Holdings, LP10% owner | Boughtindirect | 30,820 | $148.1K |
| August 25, 2026 | Wilks Dan H.10% owner | Boughtindirect | 30,820 | $148.1K |
| August 24, 2026 | THRC Holdings, LP10% owner | Boughtindirect | 363,757 | $1.7M |
| August 24, 2026 | Wilks Dan H.10% owner | Boughtindirect | 363,757 | $1.7M |
| August 21, 2026 | THRC Holdings, LP10% owner | Boughtindirect | 212,650 | $1M |
| August 21, 2026 | Wilks Dan H.10% owner | Boughtindirect | 212,650 | $1M |
| August 11, 2026 | Wilks Dan H.10% owner | Boughtindirect | 202,331 | $1.1M |
| August 11, 2026 | Wilks MatthewChief Executive Officer, Director | Boughtindirect | 22,481 | $122.4K |
Who owns ACDC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dan Wilks13D, may seek influence with 9 related filers | 49.5% | December 31, 2024 |
| Dan H. Wilks13D, may seek influence with 10 related filers | 47.3% | August 12, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 145 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Financial Bankshares Inc | 3,855,952 | -33,526 |
| Aqr Capital Management LLC | 2,644,484 | +1,115,245 |
| BlackRock, Inc. | 1,960,650 | +101,187 |
| D. E. Shaw & Co., Inc. | 1,567,698 | +404,781 |
| Bnp Paribas Financial Markets | 1,397,852 | +394,043 |
| Millennium Management LLC | 1,380,865 | +584,709 |
| Vanguard Capital Management LLC | 1,133,863 | +894,619 |
| Bridgeway Capital Management, LLC | 1,101,318 | +40,830 |
| Hotchkis & Wiley Capital Management LLC | 1,017,980 | -234,100 |
| Point72 Asset Management, L.P. | 982,370 | +593,406 |
| American Century Companies Inc | 923,147 | +51,466 |
| Dimensional Fund Advisors LP | 896,296 | +505,876 |
| Geode Capital Management, LLC | 824,513 | +36,251 |
| Wells Fargo & Company | 814,027 | -253,749 |
| Empowered Funds, LLC | 743,818 | +40,830 |
| Osaic Holdings, Inc. | 645,237 | +555,493 |
| Jpmorgan Chase & Co | 627,260 | +109,942 |
| Two Sigma Investments, LP | 595,679 | +472,336 |
| State Street Corp | 548,571 | +16,341 |
| Morgan Stanley | 534,734 | -6,755 |
Insiders
14 insiders reported holding 178,089,634 shares in total, about $628.7M at the last price.
| Holder | Shares |
|---|---|
| Wilks Dan H.10% owner | 88,107,42288,107,422 held indirectly |
| THRC Holdings, LP10% owner | 83,816,23583,816,235 held indirectly |
| Wilks MatthewExecutive Chairman, Director | 2,290,224502,097 held indirectly |
| Wilks Johnathan LaddChief Executive Officer, Director | 1,360,8681,275,835 held indirectly |
| Wilks Farris10% owner | 1,071,4541,071,454 held indirectly |
| Harbour AustinChief Financial Officer | 370,123 |
| Greenwood Matthew AChief Commercial Officer | 267,305 |
| Scrogham StevenCLO, CCO & Corp. Sec. | 233,196 |
| Spriggs JeremyChief Operations Officer | 150,000 |
| Haddock Gerald WDirector | 109,409 |
Questions about ACDC
What does ProFrac Holding Corp. do?
ProFrac Holding Corp. is a company in the Energy sector, listed on NASDAQ as ACDC. Its shares trade on NASDAQ under the ticker ACDC.
What is ProFrac Holding Corp.'s net worth?
ProFrac Holding Corp. has a market value (market cap) of $642.9M at the latest share price, and shareholders' equity of $505.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is ProFrac Holding Corp. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $386.5M on revenue of $1.9B.
How much revenue does ProFrac Holding Corp. make?
Over the twelve months to September 30, 2026 ProFrac Holding Corp. reported revenue of $1.9B. That is 3.3% less than a year earlier.
When did ProFrac Holding Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is ProFrac Holding Corp.'s next earnings report?
ProFrac Holding Corp.'s next report is expected around March 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values ProFrac Holding Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.