Short answer
Cactus, Inc. (WHD) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $388M (up 38.5% year over year) with net income of $33M.
Q1 2026 key financials · XBRL
- Revenue
- $388M
- +38.5% YoY
- Net income
- $33M
- −25.6% YoY
- Operating margin
- 12.7%
Source: XBRL data from the Cactus, Inc. (WHD) Q1 2026 10-Q on SEC EDGAR. USD.
Cactus, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $388.3M, up 38.5% YoY from $280.3M
- Operating margin 12.7% vs 24.5% YoY; net margin 10.4% vs 19.3%
- Best segment Pressure Control revenue $300.2M, up 57.8%; worst Spoolable Technologies $89.9M, down 2.9%
- Operating cash flow $128.3M vs $41.5M; $310.0M investing outflow from Cactus International acquisition
- $291.6M cash, $223.7M ABL capacity; tariffs, Iran conflict, supply-chain disruption and freight costs remain headwinds
Risk Factors
- Newly added geopolitical risk: Iran–U.S.–Israel war disrupting Cactus International plants in UAE and Saudi Arabia
- Most material operational update: Strait of Hormuz interruptions causing significant customer order delays and decreased activity
- Acquisition-integration risk: Conflict may delay anticipated Cactus International revenue, margin, and synergy benefits
- Near-term market risk: Middle East disruptions affecting international sales in Spoolable Technologies
- Financial concentration risk: Cactus International represents a 65%-owned subsidiary exposed to regional operating disruptions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Cactus, Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.