CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 342,843	$ 133,792
Accounts receivable, net of allowance of $3,779 and $3,642, respectively	191,627	205,381
Inventories	226,796	205,625
Prepaid expenses and other current assets	13,422	11,380
Total current assets	774,688	556,178
Property and equipment, net	346,008	345,502
Operating lease right-of-use assets, net	24,094	23,496
Intangible assets, net	163,991	179,978
Goodwill	203,028	203,028
Deferred tax asset, net	219,003	204,852
Other noncurrent assets	8,516	9,527
Total assets	1,739,328	1,522,561
Current liabilities
Accounts payable	72,001	71,841
Accrued expenses and other current liabilities	75,416	50,654
Earn-out liability	0	20,810
Current portion of liability related to tax receivable agreement	20,297	20,855
Finance lease obligations, current portion	7,024	7,280
Operating lease liabilities, current portion	4,086	4,220
Total current liabilities	178,824	175,660
Deferred tax liability, net	2,868	3,589
Liability related to tax receivable agreement, net of current portion	258,376	250,069
Finance lease obligations, net of current portion	10,528	9,352
Operating lease liabilities, net of current portion	20,078	19,121
Other noncurrent liabilities	4,475	0
Total liabilities	475,149	457,791
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	520,794	465,012
Retained earnings	552,133	400,682
Accumulated other comprehensive loss	(2,491)	(826)
Total stockholders’ equity attributable to Cactus Inc.	1,071,117	865,522
Non-controlling interest	193,062	199,248
Total stockholders’ equity	1,264,179	1,064,770
Total liabilities and equity	1,739,328	1,522,561
Class A Common Stock
Stockholders’ equity
Common stock, $0.01 par value	681	654
Class B Common Stock
Stockholders’ equity
Common stock, $0.01 par value	$ 0	$ 0