10-Q quarterly report · filed Nov 5, 2025

Select Water Solutions, Inc. (WTTR) Q3 2025 10-Q Quarterly Report

Short answer

Select Water Solutions, Inc. (WTTR) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $322M (down 13.2% year over year) with net income of $3M.

Q3 2025 key financials · XBRL

Revenue
$322M
−13.2% YoY · −11.5% QoQ
Net income
$3M
−83.0% YoY · −74.8% QoQ
Operating margin
-0.5%
Gross margin
13.5%

Source: XBRL data from the Select Water Solutions, Inc. (WTTR) Q3 2025 10-Q on SEC EDGAR. USD.

Select Water Solutions, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New joint investment risk in AV Farms due to lack of sole decision-making, triggered by Q1 2025 $72M capital contribution and co-investor participation
  • Most material operational risk: ERP system implementation completed Feb 2025, causing potential process disruptions and financial reporting challenges
  • Regulatory/legal risk: escalating U.S.-China trade war with 100% tariffs effective Nov 1, 2025, impacting 9% of chemical raw materials sourced from China
  • Market risk: suspension of China’s imports of U.S. natural gas reducing demand and potentially harming customer operations in energy sector
  • Supply chain risk: increased costs and sourcing delays for chemicals from China due to tariffs, threatening margins if costs cannot be passed on

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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