Select Water Solutions, Inc. (WTTR) FY2025 10-K Annual Report
Select Water Solutions, Inc. (WTTR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Select Water Solutions, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: water infrastructure and services for oil and gas industry, focusing on sourcing, transfer, and recycling
- • New emphasis on sustainability risks and regulatory scrutiny related to climate change and environmental practices affecting demand and costs
Management Discussion & Analysis
- • Net cash provided by operating activities $214.7M, down 8.6% from $234.9M in 2024
- • Net cash used in investing activities $405.0M, up 27.1% from $318.6M, driven by $121.4M higher property and equipment purchases
Risk Factors
- • Liability for Tax Receivable Agreements $43.4M as of Dec 31, 2025, subject to future taxable income and legislative changes under ASC 450
- • Valuation allowance against deferred tax assets $100.2M as of Dec 31, 2025, dependent on generating sufficient taxable income under tax law
Select Water Solutions, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.4B
▼ -3.1% YoY
Net Income
$21M
▼ -30.7% YoY
Gross Margin
14.4%
▼ -73bp YoY
Operating Margin
2.0%
▼ -171bp YoY
Net Margin
1.5%
▼ -60bp YoY
ROE
2.6%
▼ -123bp YoY
Total Assets
$1.6B
▲ +16.8% YoY
Operating Cash Flow
$215M
▼ -8.6% YoY
Source: XBRL data from Select Water Solutions, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Select Water Solutions, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.