v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 405,177 $ 342,843
Accounts receivable, net of allowance of $4,041 and $3,779, respectively 207,283 191,627
Inventories 246,420 226,796
Prepaid expenses and other current assets 14,471 13,422
Total current assets 873,351 774,688
Property and equipment, net 349,161 346,008
Operating lease right-of-use assets, net 22,117 24,094
Intangible assets, net 155,998 163,991
Goodwill 203,028 203,028
Deferred tax asset, net 207,106 219,003
Investment in unconsolidated affiliates 5,773 0
Other noncurrent assets 7,995 8,516
Total assets 1,824,529 1,739,328
Current liabilities    
Accounts payable 83,142 72,001
Accrued expenses and other current liabilities 64,128 75,416
Current portion of liability related to tax receivable agreement 20,297 20,297
Finance lease obligations, current portion 7,354 7,024
Operating lease liabilities, current portion 5,042 4,086
Total current liabilities 179,963 178,824
Deferred tax liability, net 2,197 2,868
Liability related to tax receivable agreement, net of current portion 259,732 258,376
Finance lease obligations, net of current portion 11,681 10,528
Operating lease liabilities, net of current portion 17,944 20,078
Other noncurrent liabilities 4,475 4,475
Total liabilities 475,992 475,149
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 530,945 520,794
Retained earnings 618,554 552,133
Accumulated other comprehensive loss (1,983) (2,491)
Total stockholders’ equity attributable to Cactus Inc. 1,148,201 1,071,117
Non-controlling interest 200,336 193,062
Total stockholders’ equity 1,348,537 1,264,179
Total liabilities and equity 1,824,529 1,739,328
Class A Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value 685 681
Class B Common Stock    
Stockholders’ equity    
Common stock, $0.01 par value $ 0 $ 0