ProFrac Holding Corp. reported first quarter 2025 total revenue of $600.3 million, an increase from $581.5 million in Q1 2024 and up 32% from Q4 2024. Adjusted EBITDA for the quarter was $130 million, an 83% increase from Q4 2024, but down from $159.9 million in Q1 2024, with an Adjusted EBITDA margin of 22%.
The company reported a net loss of $17.5 million for Q1 2025, compared to a net income of $1.8 million a year ago. Cash flow from operations decreased to $38.7 million from $79.1 million in Q1 2024, resulting in a net use of free cash flow of $14 million.
As of March 31, 2025, total long-term debt was $1.154 billion, and total liquidity stood at $75.5 million. ProFrac achieved new operating efficiency records in pump hours and average pump hours per fleet. The outlook for Q2 2025 anticipates a sequential decline in consolidated results due to customer capital spending reductions and commodity price volatility, with potential CapEx reductions of $70 million to $100 million identified.
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