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

Leases (Tables)

12 Months Ended

Dec. 31, 2025

finance lease balances are as follows:


		December 31,
	Consolidated Balance Sheet Location	2025		2024
Assets:
Finance lease right-of-use assets	Property, plant, and equipment, net	$	14.4	$	19.4
Liabilities:
Current portion of finance lease liabilities	Current portion of long-term debt	$	5.5	$	7.7
Finance lease liabilities	Long-term debt	$	9.3	$	12.2

The components of our lease costs are as follows:


	Year Ended December 31,
	2025		2024		2023
Operating lease costs	$	60.2	$	36.9	$	45.8
Short-term lease costs		27.0		27.7		32.3
Finance lease costs:
Amortization of right-of-use assets		7.6		7.3		5.1
Interest on lease liabilities		1.0		1.2		1.0
Total lease costs	$	95.8	$	73.1	$	84.2

The weighted-average remaining lease term and discount rates used in the measurement of our right-of-use assets and lease liabilities are as follows:


	Year Ended December 31,
	2025			2024			2023
Weighted-average remaining lease term:
Operating leases	4.4 years			5.9 years			6.4 years
Finance leases	6.6 years			6.3 years			3.7 years
Weighted average discount rate:
Operating leases		8.8	%		8.1	%		5.9	%
Finance leases		6.7	%		5.5	%		7.8	%

The following table includes other supplemental information for our leases:


	Year Ended December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease obligations:
Operating leases	$	61.6	$	37.6	$	46.4
Finance leases	$	8.9	$	8.4	$	6.2
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	34.7	$	103.4	$	11.9
Finance leases	$	2.6	$	9.9	$	8.6

As of December 31, 2025, the future maturities of our lease liabilities are as follows: