Select Water Solutions, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.6B | $1.4B | $764.6M |
| Gross profit | $202.4M | $219.5M | $231.7M | $160.8M | $20.9M |
| Operating income | $28.8M | $54.5M | $61.2M | $39.2M | -$65.5M |
| Operating expenses | $173.6M | $165.0M | $170.5M | $121.6M | $86.4M |
| Cost of revenue | $1.2B | $1.2B | $1.4B | $1.2B | $743.8M |
| Cash from operations | $214.7M | $234.9M | $285.4M | $33.2M | -$16.2M |
| Capital expenditure | $294.6M | $173.2M | $135.9M | $71.9M | $40.0M |
| Free cash flow | -$79.9M | $61.7M | $149.5M | -$38.7M | -$56.2M |
| Share repurchases | $7.3M | $7.9M | $61.8M | $20.2M | $1.2M |
| Impairments | $6.2M | $1.2M | $12.6M | — | — |
| Total assets | $1.6B | $1.4B | $1.2B | $1.2B | $950.2M |
| Total liabilities | $668.5M | $450.7M | $326.0M | $339.1M | $255.0M |
Shares outstanding 138.1M · Free float 88.0%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.