Cactus, Inc. (NYSE:WHD) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 30, 2026, reporting third-quarter total revenues of $430,888 thousand and net income of $74,091 thousand.

Key Highlights

  • Total revenues of $430,888 thousand for the three months ended September 30, 2026, up from $263,954 thousand in the same period of 2025, according to the filing.
  • Net income of $74,091 thousand for Q3 2026, compared to $50,188 thousand in Q3 2025, as reported in the condensed consolidated statements of income.
  • Net income attributable to Cactus Inc. of $62,164 thousand for the three months ended September 30, 2026, versus $41,624 thousand in the prior-year quarter.
  • Total assets of $2,580,027 thousand as of September 30, 2026, compared to $1,871,617 thousand as of December 31, 2025, per the balance sheet.
  • Cash and cash equivalents of $354,221 thousand at September 30, 2026, up from $123,571 thousand at December 31, 2025.
  • 70,219,569 shares of Class A common stock and 9,961,249 shares of Class B common stock outstanding as of October 28, 2026, according to the cover page.

Cactus Inc. Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Cactus, Inc. reported total revenues of $430,888 thousand for the three months ended September 30, 2026, consisting of product revenue of $322,347 thousand, field service and other revenue of $85,932 thousand, and rental revenue of $22,609 thousand. This compares to total revenues of $263,954 thousand for the same quarter in 2025. For the nine months ended September 30, 2026, the company disclosed total revenues of $1,268,765 thousand versus $817,848 thousand in the comparable prior-year period.

The filing reported total costs and expenses of $336,840 thousand for Q3 2026, producing operating income of $94,048 thousand. After interest income, net, of $766 thousand, income before income taxes was $94,814 thousand. Income tax expense was $20,723 thousand, yielding net income of $74,091 thousand. Of that amount, $11,927 thousand was attributable to non-controlling interest, leaving net income attributable to Cactus Inc. of $62,164 thousand for the quarter.

On the balance sheet as of September 30, 2026, the company disclosed total assets of $2,580,027 thousand, including goodwill of $285,579 thousand and intangible assets, net, of $336,158 thousand. Total liabilities were reported at $807,902 thousand. The filing also disclosed a redeemable non-controlling interest of $240,905 thousand recorded as mezzanine equity, a line that did not appear on the December 31, 2025 balance sheet. Total stockholders' equity attributable to Cactus Inc. was $1,308,914 thousand. Selling, general and administrative expenses for Q3 2026 were $62,797 thousand, compared to $35,889 thousand in Q3 2025. The filing notes that forward-looking statements are subject to risks and uncertainties described in the company's cautionary language.

What Was Disclosed

Cactus, Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing revenues, income, and balance sheet figures showing year-over-year increases in revenue and net income alongside significant growth in total assets compared to year-end 2025.