Select Water Solutions, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.4B | $1.5B | $1.6B | $1.4B | $764.6M |
| Cost of revenue | $1.2B | $1.2B | $1.4B | $1.2B | $743.8M |
| Gross profit | $202.4M | $219.5M | $231.7M | $160.8M | $20.9M |
| Selling, general & administrative | $161.3M | $160.0M | $155.5M | $118.9M | $83.1M |
| Operating expenses | $173.6M | $165.0M | $170.5M | $121.6M | $86.4M |
| Operating income | $28.8M | $54.5M | $61.2M | $39.2M | -$65.5M |
| Interest expense | $23.2M | $7.0M | $4.4M | $2.7M | $1.7M |
| Pretax income | $24.8M | $49.4M | $20.8M | $56.7M | -$49.7M |
| Income tax expense | -$1.6M | $13.6M | -$60.2M | $957,000 | $147,000 |
| Net income | $21.2M | $30.6M | $74.4M | $48.3M | -$42.2M |
| Balance Sheet | |||||
| Cash and equivalents | $18.1M | $20.0M | $57.1M | $7.3M | $85.8M |
| Current assets | $354.4M | $385.5M | $454.1M | $517.9M | $394.8M |
| Total assets | $1.6B | $1.4B | $1.2B | $1.2B | $950.2M |
| Current liabilities | $225.7M | $233.4M | $211.5M | $231.3M | $162.0M |
| Total liabilities | $668.5M | $450.7M | $326.0M | $339.1M | $255.0M |
| Stockholders' equity | $805.6M | $793.5M | $772.5M | $766.0M | $592.1M |
| Cash Flow Statement | |||||
| Cash from operations | $214.7M | $234.9M | $285.4M | $33.2M | -$16.2M |
| Depreciation and amortization | $5.3M | $3.4M | $2.3M | $115.7M | $92.5M |
| Stock-based compensation | $19.9M | $26.4M | $17.4M | $15.6M | $9.5M |
| Capital expenditure | $294.6M | $173.2M | $135.9M | $71.9M | $40.0M |
| Free cash flow | -$79.9M | $61.7M | $149.5M | -$38.7M | -$56.2M |
| Dividends paid | $33.7M | $29.7M | $24.9M | $6.0M | — |
| Share repurchases | $7.3M | $7.9M | $61.8M | $20.2M | $1.2M |
| Impairments | $6.2M | $1.2M | $12.6M | — | — |
Shares outstanding 138.1M · Free float 79.9%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.