---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-031637"
form_type: "8-K"
ticker: "WHD"
cik: "0001699136"
company_name: "Cactus, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:51:37.000533+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cactus Q1 revenue jumps 38% to $388M on Baker Hughes acquisition; margins compress

## Summary
- Revenue $388.3M (+38% YoY) driven by Jan 1 closure of Baker Hughes Surface Pressure Control acquisition.
- Net income $40.2M ($0.70 diluted loss per share) vs $54.1M YoY; adjusted net income $56.2M ($0.70 adj EPS).
- Operating income $49.5M (12.7% margin) down from $68.6M (24.5%) YoY, reflecting acquisition-related costs.
- Adjusted EBITDA $100.1M (25.8% margin) vs $93.8M (33.5%) YoY; cash from operations $128.3M.
- Cash $291.6M, no bank debt; $97.8M reserved for legal restructuring of acquired business.

## SEC filing metadata
- accession: 0001628280-26-031637
- form_type: 8-K
- ticker: WHD
- cik: 0001699136
- company_name: Cactus, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699136/000162828026031637/0001628280-26-031637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699136/000162828026031637/whd-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-031637
- JSON: https://secwatch.observer/filing/0001628280-26-031637.json
- Plain text: https://secwatch.observer/filing/0001628280-26-031637.txt

## Source-grounded claims
- claim_id: b4cecd53111f69338e6687925faba75ae574e8b9
  claim: Cactus, Inc. reported first quarter ended March 31, 2026 results: revenue $388.3 million, net income $40.2 million, EPS diluted loss per Class A share of $0.70.
  evidence_excerpt: 1, 2026, Cactus closed on its previously announced acquisition of a majority interest in Baker Hughes' Surface Pressure Control business (“Cactus International”); • Revenue of $388.3 million and operating income of $49.5 million; • Net income of $40.2 million and diluted loss per Class A share of $0.70; • Adjusted net income (1) of $56.2 million and diluted earnings
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000162828026031637/0001628280-26-031637-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.