Below are the financial statements of Cactus, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenues | — | — | — |
| Product revenue | 810.38a | 452.62a | 280.91a |
| Rental revenue | 113.63a | 100.45a | 61.63a |
| Field service and other revenue | 172.95a | 135.3a | 96.05a |
| Total revenues | 1,096.96a | 688.37a | 438.59a |
| Costs and expenses | — | — | — |
| Cost of product revenue | -490.15a | -277.87a | -189.08a |
| Cost of rental revenue | -61.98a | -62.04a | -54.38a |
| Cost of field service and other revenue | -138.54a | -106.01a | -73.68a |
| Selling, general and administrative expenses | -127.08a | -67.7a | -46.02a |
| Change in fair value of earn-out liability | -14.85a | 0a | 0a |
| Total costs and expenses | -832.59a | -513.62a | -363.16a |
| Operating income | 264.37a | 174.75a | 75.43a |
| Interest income (expense), net | -6.48a | 3.71a | -0.77a |
| Other income (expense), net | 4.49a | -1.91a | 0.49a |
| Income before income taxes | 262.38a | 176.55a | 75.15a |
| Income tax expense | -47.54a | -31.43a | -7.68a |
| Net income | 214.84a | 145.12a | 67.47a |
| Less: net income attributable to non-controlling interest | 45.67a | 34.95a | 17.88a |
| Net income attributable to Cactus Inc. | 169.17a | 110.17a | 49.59a |
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Cactus’s data sources below and access millions more through our Disclosure Search.