ProFrac Q4 rev $437M (+8% QoQ) but net loss widens to $141M; FY 2025 EBITDA down 38%

ProFrac Holding Corp.

Full year 2025 revenue $1.94B vs $2.19B in 2024; net loss $356M vs $208M; Adjusted EBITDA $310M vs $501M.
Q4 2025 Adjusted EBITDA $61M (14% margin), up 49% from Q3; Stimulation Services margin 8.6%, Proppant Production 13.9%.
January 2026 weather disruptions expected to reduce Q1 Adjusted EBITDA by $8M-$12M; FY 2026 capex guidance $155M-$185M.
Business optimization plan targeting $100M annualized savings by end of Q2 2026; net debt $1.03B; liquidity $152M.

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