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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 388,349 $ 280,319
Costs and expenses    
Selling, general and administrative expenses 62,074 39,126
Total costs and expenses 338,845 211,707
Operating income 49,504 68,612
Interest income, net 220 2,325
Income before income taxes 49,724 70,937
Income tax expense 9,503 16,832
Net income 40,221 54,105
Less: net income attributable to non-controlling interest 7,315 9,882
Net income attributable to Cactus Inc. 32,906 44,223
Redeemable non-controlling interest 81,507 0
Net (loss) income attributable to Cactus Inc. including accretion of redeemable non-controlling interest to redemption value $ (48,601) $ 44,223
Class A Common Stock    
Earnings per share and weighted average shares outstanding    
(Loss) earnings per Class A share—basic (in dollars per share) $ (0.70) $ 0.65
(Loss) earnings per Class A share—diluted (in dollars per share) $ (0.70) $ 0.64
Weighted average Class A shares outstanding - basic (in shares) 69,026 68,194
Weighted average Class A shares outstanding - diluted (in shares) 69,026 68,664
Product revenue    
Revenues    
Total revenues $ 297,237 $ 208,961
Costs and expenses    
Cost of revenue 207,491 121,456
Rental revenue    
Revenues    
Total revenues 15,930 27,122
Costs and expenses    
Cost of revenue 10,573 13,735
Field service and other revenue    
Revenues    
Total revenues 75,182 44,236
Costs and expenses    
Cost of revenue $ 58,707 $ 37,390