| Summary of Revision to Previously Filed Financial Statements |
A summary of the revisions to the previously filed unaudited condensed consolidated balance sheet as of June 30, 2025, is presented below (in thousands):
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As of June 30, 2025 |
|
As Reported |
|
|
Adjustment |
|
|
As Revised |
|
Class A common stock |
|
$ |
|
3 |
|
|
$ |
|
— |
|
|
$ |
|
3 |
|
Class B common stock |
|
|
|
6 |
|
|
|
|
— |
|
|
|
|
6 |
|
Additional paid-in capital |
|
|
|
18,113 |
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|
|
|
(18,113 |
) |
|
|
|
— |
|
Retained earnings |
|
|
|
132,227 |
|
|
|
|
18,113 |
|
|
|
|
150,340 |
|
Total stockholders' equity to Flowco Holdings Inc. |
|
$ |
|
150,349 |
|
|
$ |
|
— |
|
|
$ |
|
150,349 |
|
A summary of the revisions to the previously filed unaudited condensed consolidated statement of redeemable non-controlling interests and stockholders’/members’ equity for the three months ended June 30, 2025, is presented below (in thousands):
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Three Months
Ended
June 30, 2025 |
|
As Reported |
|
As Revised |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
Distribution to Members |
|
$ |
— |
|
$ |
— |
|
$ |
(18,792) |
|
$ |
(18,792) |
|
$ |
— |
|
$ |
— |
Impact due to change in
ownership percentage |
|
$ |
(15,137) |
|
$ |
15,137 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Subsequent measurement of
redeemable non-controlling
interests |
|
$ |
(517,766) |
|
$ |
— |
|
$ |
517,762 |
|
$ |
(514,111) |
|
$ |
(2,976) |
|
$ |
517,083 |
A summary of the revisions to the previously filed unaudited condensed consolidated statement of redeemable non-controlling interests and stockholders’/members’ equity for the six months ended June 30, 2025, is presented below (in thousands):
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Six Months
Ended
June 30, 2025 |
|
As Reported |
|
As Revised |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
IPO and the Transactions |
|
$ |
71,129 |
|
$ |
434,511 |
|
$ |
— |
|
$ |
— |
|
$ |
434,511 |
|
$ |
— |
Distribution to Members |
|
$ |
— |
|
$ |
— |
|
$ |
(18,792) |
|
$ |
(18,792) |
|
$ |
— |
|
$ |
— |
Impact due to change in
ownership percentage |
|
$ |
(15,137) |
|
$ |
(55,992) |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Subsequent measurement of
redeemable non-controlling
interests |
|
$ |
223,213 |
|
$ |
(364,704) |
|
$ |
141,487 |
|
$ |
297,997 |
|
$ |
(438,809) |
|
$ |
140,808 |
A summary of the revisions to the previously filed unaudited condensed consolidated balance sheet as of September 30, 2025, is presented below (in thousands):
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|
As of September 30, 2025 |
|
As Reported |
|
|
Adjustment |
|
|
As Revised |
|
Class A common stock |
|
$ |
|
3 |
|
|
$ |
|
— |
|
|
$ |
|
3 |
|
Class B common stock |
|
|
|
6 |
|
|
|
|
— |
|
|
|
|
6 |
|
Additional paid-in capital |
|
|
|
55,539 |
|
|
|
|
(23,703 |
) |
|
|
|
31,836 |
|
Retained earnings |
|
|
|
315,410 |
|
|
|
|
23,703 |
|
|
|
|
339,113 |
|
Total stockholders' equity to Flowco Holdings Inc. |
|
$ |
|
370,958 |
|
|
$ |
|
— |
|
|
$ |
|
370,958 |
|
A summary of the revisions to the previously filed unaudited condensed consolidated statement of redeemable non-controlling interests and stockholders’/members’ equity for the three months ended September 30, 2025 is presented below (in thousands):
|
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|
Three Months
Ended
September 30, 2025 |
|
As Reported |
|
As Revised |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
Distribution to Members |
|
$ |
— |
|
$ |
— |
|
$ |
(4,911) |
|
$ |
(4,911) |
|
$ |
— |
|
$ |
— |
Subsequent measurement of
redeemable non-controlling
interests |
|
$ |
(180,753) |
|
$ |
2,790 |
|
$ |
177,963 |
|
$ |
(175,842) |
|
$ |
(2,800) |
|
$ |
178,642 |
A summary of the revisions to the previously filed unaudited condensed consolidated statement of redeemable non-controlling interests and stockholders’/members’ equity for the nine months ended September 30, 2025 is presented below (in thousands):
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Nine Months
Ended
September 30, 2025 |
|
As Reported |
|
As Revised |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
IPO and the Transactions |
|
$ |
71,129 |
|
$ |
434,498 |
|
|
— |
|
$ |
— |
|
$ |
434,498 |
|
$ |
— |
Distribution to Members |
|
$ |
— |
|
$ |
— |
|
$ |
(23,703) |
|
$ |
(23,703) |
|
$ |
— |
|
$ |
— |
Subsequent measurement of
redeemable non-controlling
interests |
|
$ |
27,323 |
|
$ |
(417,906) |
|
$ |
319,450 |
|
$ |
122,155 |
|
$ |
(441,609) |
|
$ |
319,450 |
A summary of the revisions to the previously filed audited consolidated balance sheet as of December 31, 2025, is presented below (in thousands):
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|
As of December 31, 2025 |
|
As Reported |
|
|
Adjustment |
|
|
As Revised |
|
Class A common stock |
|
$ |
|
3 |
|
|
$ |
|
— |
|
|
$ |
|
3 |
|
Class B common stock |
|
|
|
6 |
|
|
|
|
— |
|
|
|
|
6 |
|
Additional paid-in capital |
|
|
|
69,279 |
|
|
|
|
(28,548 |
) |
|
|
|
40,731 |
|
Retained earnings |
|
|
|
159,338 |
|
|
|
|
28,548 |
|
|
|
|
187,886 |
|
Total stockholders' equity to Flowco Holdings Inc. |
|
$ |
|
228,626 |
|
|
$ |
|
— |
|
|
$ |
|
228,626 |
|
A summary of the revisions to the previously filed audited consolidated statement of redeemable non-controlling interests and stockholders’/members’ equity for the year ended December 31, 2025, is presented below (in thousands):
|
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|
Twelve Months
Ended
December 31, 2025 |
|
As Reported |
|
As Revised |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
IPO and the Transactions |
|
$ |
71,129 |
|
$ |
434,498 |
|
$ |
— |
|
$ |
— |
|
$ |
434,498 |
|
$ |
— |
Distribution to Members |
|
$ |
— |
|
$ |
— |
|
$ |
(28,548) |
|
$ |
(28,548) |
|
$ |
— |
|
$ |
— |
Subsequent measurement of
redeemable non-controlling
interests |
|
$ |
194,652 |
|
$ |
(419,143) |
|
|
153,359 |
|
$ |
294,329 |
|
$ |
(447,691) |
|
$ |
153,359 |
A summary of the revisions to the previously filed unaudited condensed consolidated statement of redeemable non-controlling interests and stockholders’ equity for the three months ended March 31, 2026, is presented below (in thousands):
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|
|
|
|
|
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|
|
|
Three Months
Ended
March 31, 2026 |
|
As Reported |
|
As Revised |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
|
Redeemable Non-Controlling Interests |
|
Additional
Paid-In
Capital |
|
Retained Earnings |
Distribution to Members |
|
$ |
— |
|
$ |
— |
|
$ |
(14,842) |
|
$ |
(14,842) |
|
$ |
— |
|
$ |
— |
Subsequent measurement of
redeemable non-controlling
interests |
|
$ |
125,522 |
|
|
23,936 |
|
$ |
(149,458) |
|
$ |
140,364 |
|
$ |
52,484 |
|
$ |
(192,848) |
|