---
schema_version: "secwatch.filing_event.v1"
accession: "0001699136-23-000012"
form_type: "8-K"
ticker: "WHD"
cik: "0001699136"
company_name: "Cactus, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:54:46.290641+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cactus Q4 revenue $187.8M, net income $40.7M; announces FlexSteel acquisition and $0.11 dividend

## Summary
- Q4 revenue $187.8M, net income $40.7M ($0.50 diluted EPS); adjusted EPS $0.57.
- Full year 2022 revenue $688.4M, net income $145.1M; adjusted EBITDA $227.9M (33.1% margin).
- Cash $344.5M, no bank debt; closed $165.6M stock offering in Jan 2023.
- Signed agreement to acquire HighRidge Resources (FlexSteel); incurred $7.4M acquisition expenses in Q4.
- Board declared $0.11 quarterly dividend per Class A share (payable in Q1 2023).

## SEC filing metadata
- accession: 0001699136-23-000012
- form_type: 8-K
- ticker: WHD
- cik: 0001699136
- company_name: Cactus, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000012/0001699136-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000012/whd-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699136-23-000012
- JSON: https://secwatch.observer/filing/0001699136-23-000012.json
- Plain text: https://secwatch.observer/filing/0001699136-23-000012.txt

## Key facts
- Earnings Releases
  Cactus, Inc. reported the full year ended December 31, 2022 results: revenue $688,369, net income $145,122.
  - Period: the full year ended December 31, 2022
  - Revenue: $688,369
  - Net income: $145,122
  - Result: reported results
  source text: Revenues $ 187,774 $ 184,481 $ 129,916 $ 688,369 $ 438,589 Income from operations $ 48,221 $ 51,296 $ 25,712 $ 174,748 $ 75,427 Net income (1)(2) $ 40,739 $ 41,520 $ 20,383 $ 145,122 $ 67,470
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000012/0001699136-23-000012-index.htm
- Earnings Releases
  Cactus, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $187.8 million, net income $40.7 million, EPS $0.50 per Class A share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $187.8 million
  - Net income: $40.7 million
  - EPS: $0.50 per Class A share
  - Result: reported results
  source text: Fourth Quarter 2022 Highlights and Recent Events • Revenue of $187.8 million and income from operations of $48.2 million; • Net income of $40.7 million (1) and diluted earnings per Class A share of $0.50 (1) ;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000012/0001699136-23-000012-index.htm

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