secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001628280-26-011856
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000162828026011856/0001628280-26-011856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000162828026011856/whd-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-011856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer