Cactus Q3 2025 Revenue Falls to $264.0 Million From $293.2 Million a Year Earlier
Cactus reported third quarter 2025 revenue of $264.0 million, down from $293.2 million a year earlier, with net income of $50.2 million and diluted EPS of $0.60, compared with $62.4 million and $0.74 in the third quarter of 2024. Management expects Pressure Control revenue to be relatively flat in the fourth quarter and Spoolable Technologies to see a typical seasonal decline, and says the Baker Hughes Surface Pressure Control acquisition is now expected to close in early 2026.
Key points
- Revenue $264.0 million versus $293.2 million a year earlier; Adjusted EBITDA $86.9 million versus $100.4 million
- Net income $50.2 million and diluted EPS $0.60, versus $62.4 million and $0.74 in Q3 2024
- Fourth quarter outlook: Pressure Control revenue relatively flat; U.S. land rig count flat to slightly down
- Quarterly dividend of $0.14 per Class A share payable December 18, 2025; cash of $445.6 million and no bank debt as of September 30, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.