Cactus Q4 2025 revenue $261.2M, net income $48.3M; closes Baker Hughes acquisition

Cactus, Inc.

Net income $48.3M ($0.57 diluted EPS); adjusted net income $52.1M ($0.65 adjusted EPS).
Revenue $261.2M, down 4% YoY from $272.1M; operating income margin 22.9%.
Adjusted EBITDA $85.5M, margin 32.7%; cash flow from operations $72.3M.
Cash $494.6M ($371M restricted), no bank debt outstanding as of Dec 31, 2025.
Closed previously announced acquisition of Baker Hughes' Surface Pressure Control business on Jan 1, 2026.

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