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AI brief of an SEC Form 8-K · Cactus (WHD)

Cactus Q2 revenue falls to $273.6 million; net income drops to $49.0 million

Negative Impact 4 of 5 earnings Written later

Cactus reported second-quarter 2025 revenue of $273.6 million and net income of $49.0 million, both lower than a year earlier, with diluted earnings per Class A share of $0.59 versus $0.75. The company expects third-quarter revenue to be down modestly in both segments as U.S. land activity declines, and it agreed to acquire a 65% majority interest in Baker Hughes' Surface Pressure Control business.

Key points

  • Q2 2025 revenue was $273.6 million, versus $290.4 million in Q2 2024; net income was $49.0 million, versus $63.1 million
  • Adjusted EBITDA was $86.7 million with a 31.7% margin, versus $103.6 million and 35.7% a year earlier
  • Management expects third-quarter 2025 revenues to be down modestly in both the Pressure Control and Spoolable Technologies segments
  • Quarterly Class A dividend raised 8% to $0.14 per share, payable September 18, 2025 to holders of record on August 29, 2025

The filing

CompanyCactus (WHD)
Form8-K, current report
Filed with the SECJul 30, 2025, 6:15 PM ET
Accession number0001699136-25-000101

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 30, 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.