CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 347,661	$ 342,843
Accounts receivable, net of allowance of $3,787 and $3,779, respectively	219,694	191,627
Inventories	230,264	226,796
Prepaid expenses and other current assets	11,387	13,422
Total current assets	809,006	774,688
Property and equipment, net	347,634	346,008
Operating lease right-of-use assets, net	23,248	24,094
Intangible assets, net	159,994	163,991
Goodwill	203,028	203,028
Deferred tax asset, net	211,938	219,003
Investment in unconsolidated affiliates	6,000	0
Other noncurrent assets	8,219	8,516
Total assets	1,769,067	1,739,328
Current liabilities
Accounts payable	64,419	72,001
Accrued expenses and other current liabilities	69,933	75,416
Current portion of liability related to tax receivable agreement	20,297	20,297
Finance lease obligations, current portion	7,273	7,024
Operating lease liabilities, current portion	5,052	4,086
Total current liabilities	166,974	178,824
Deferred tax liability, net	3,038	2,868
Liability related to tax receivable agreement, net of current portion	258,376	258,376
Finance lease obligations, net of current portion	11,809	10,528
Operating lease liabilities, net of current portion	19,025	20,078
Other noncurrent liabilities	4,475	4,475
Total liabilities	463,697	475,149
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	522,386	520,794
Retained earnings	587,321	552,133
Accumulated other comprehensive loss	(2,355)	(2,491)
Total stockholders’ equity attributable to Cactus Inc.	1,108,035	1,071,117
Non-controlling interest	197,335	193,062
Total stockholders’ equity	1,305,370	1,264,179
Total liabilities and equity	1,769,067	1,739,328
Class A Common Stock
Stockholders’ equity
Common stock, $0.01 par value	683	681
Class B Common Stock
Stockholders’ equity
Common stock, $0.01 par value	$ 0	$ 0