Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (includes VIE balances of $5.7 and $5.7) $ 33.5 $ 22.9
Accounts receivable, net (net of allowances for credit losses of $14.2 and $14.6) (includes VIE balances of $22.2 and $19.0) 318.8 266.8
Accounts receivable - related party, net 5.6 19.9
Inventories (includes VIE balances of $15.3 and $10.6) 159.3 151.3
Prepaid expenses and other current assets (includes VIE balances of $0.8 and $0.9) 17.2 22.6
Total current assets 534.4 483.5
Property, plant, and equipment (net of accumulated depreciation of $1,631.1 and $1,582.2) (includes VIE net balances of $30.8 and $29.6) 1,413.4 1,464.3
Operating lease right-of-use assets, net 140.2 154.3
Goodwill 290.2 290.2
Intangible assets, net 102.8 111.8
Deferred tax assets (includes VIE balances of $27.9 and $29.0) 27.6 29.0
Other assets (includes VIE balances of $1.0 and $1.0) 42.0 40.0
Total assets 2,550.6 2,573.1
Current liabilities:    
Accounts payable (includes VIE balances of $53.2 and $48.0) 296.2 257.1
Accounts payable - related party 53.1 42.2
Accrued expenses (includes VIE balances of $7.5 and $8.5) 70.6 74.0
Current portion of long-term debt (includes VIE balances of $4.8 and $3.5) 151.2 144.7
Current portion of long-term debt- related party 5.0 5.0
Current portion of operating lease liabilities (includes VIE balances of $1.3 and $1.3) 42.9 44.8
Other current liabilities 31.8 28.8
Other current liabilities - related party 0.6 0.8
Total current liabilities 651.4 597.4
Long-term debt 866.7 832.7
Long-term debt - related party (includes VIE balances of $39.6 and $39.6) 41.7 42.9
Operating lease liabilities (includes VIE balances of $5.1 and $5.6) 103.1 115.5
Deferred tax liabilities 11.8 11.8
Tax receivable agreement liability 82.0 82.0
Other liabilities 9.1 10.1
Total liabilities 1,765.8 1,692.4
Commitments and contingencies (NOTE 10)
Mezzanine equity:    
Series A redeemable convertible preferred stock, $0.01 par value, 50 thousand shares authorized, issued and outstanding 70.2 68.8
Stockholders' equity:    
Preferred stock, $0.01 par value, 50.0 shares authorized, no shares issued and outstanding
Additional paid-in capital 1,310.5 1,325.9
Accumulated deficit (695.1) (610.2)
Total stockholders' equity attributable to ProFrac Holding Corp. 617.2 717.5
Noncontrolling interests 97.4 94.4
Total stockholders' equity 714.6 811.9
Total liabilities, mezzanine equity, and stockholders' equity 2,550.6 2,573.1
Common Class A    
Stockholders' equity:    
Common stock, value 1.8 1.8
Common Class B    
Stockholders' equity:    
Common stock, value $ 0.0 $ 0.0