Annual report [Section 13 and 15(d), not S-K Item 405]

Document and Entity Information

v3.25.0.1
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2024
Mar. 03, 2025
Jun. 28, 2024
Document Information [Line Items]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Dec. 31, 2024    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Trading Symbol ACDC    
Entity Registrant Name ProFrac Holding Corp.    
Entity Central Index Key 0001881487    
Current Fiscal Year End Date --12-31    
Entity Filer Category Accelerated Filer    
Entity Shell Company false    
Entity Small Business true    
Entity Emerging Growth Company false    
Entity Public Float     $ 154,441,917
Entity Common Stock, Shares Outstanding   160,178,432  
Entity File Number 001-41388    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Tax Identification Number 87-2424964    
Entity Address, Address Line One 333 Shops Boulevard    
Entity Address, Address Line Two Suite 301    
Entity Address, City or Town Willow Park    
Entity Address, State or Province TX    
Entity Address, Postal Zip Code 76087    
City Area Code 254    
Local Phone Number 776-3722    
Entity Interactive Data Current Yes    
Title of 12(b) Security Class A common stock, par value $0.01 per share    
Security Exchange Name NASDAQ    
Entity Incorporation, State or Country Code DE    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Document Annual Report true    
Document Transition Report false    
Documents Incorporated by Reference

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s definitive proxy statement for the 2025 Annual Meeting of Stockholders, which will be filed with the U.S. Securities and Exchange Commission within 120 days after December 31, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K.

   
Auditor Opinion [Text Block]

Opinion on the financial statements

We have audited the accompanying consolidated balance sheets of ProFrac Holding Corp. (a Delaware corporation) and subsidiaries (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income (loss), changes in equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and financial statement schedule included under Item 15(a)(2) (collectively referred to as the “consolidated financial statements”). In our opinion, based on our audits and the report of KPMG LLP, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in the 2013 Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), and our report dated March 10, 2025 expressed an unqualified opinion.

We did not audit the consolidated financial statements of Flotek Industries, Inc. and subsidiaries, a consolidated variable interest entity, for the year ended December 31, 2022, which statements reflect total revenues of 2% of the Company’s consolidated total revenues for the year then ended. Those statements were audited by KPMG LLP, whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for Flotek Industries, Inc. and subsidiaries, is based solely on the report of KPMG LLP.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Flotek Industries, Inc. and subsidiaries (the Company) as of December 31, 2022 and 2021, the related consolidated statements of operations, comprehensive loss, cash flows, and stockholders’ equity for each of the years in the two-year period ended December 31, 2022, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022 and 2021, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2022, in conformity with U.S. generally accepted accounting principles.

   
Auditor Name KPMG LLP    
Auditor Firm ID 185    
Auditor Location Houston, Texas    
GRANT THORNTON LLP      
Document Information [Line Items]      
Auditor Name GRANT THORNTON LLP    
Auditor Firm ID 248    
Auditor Location Dallas, Texas