Liberty Energy Inc.LBRTEarnings & Financial Report
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
Revenue
$943.6M
Gross Profit
$201.8M
Operating Profit
$24.9M
Net Profit
$51.9M
Gross Margin
21.4%
Operating Margin
2.6%
Net Margin
5.5%
YoY Growth
-12.2%
EPS
$0.31
Liberty Energy Inc. Q4 FY2024 Financial Summary
Liberty Energy Inc. reported revenue of $943.6M (down 12.2% YoY) for Q4 FY2024, with a net profit of $51.9M (down 43.8% YoY) (5.5% margin). Cost of goods sold was $741.8M, operating expenses totaled $176.9M.
Key Financial Metrics
| Total Revenue | $943.6M |
|---|---|
| Net Profit | $51.9M |
| Gross Margin | 21.4% |
| Operating Margin | 2.6% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Liberty Energy Inc. Q4 FY2024 revenue of $943.6M breaks down across 2 segments, led by Nonrelated Party at $903.0M (95.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Nonrelated Party | $903.0M | 95.7% |
| Related Party | $40.5M | 4.3% |
Liberty Energy Inc. Revenue by Segment — Quarterly Trend
Liberty Energy Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Nonrelated Party and Related Party) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Nonrelated Party | — | $1.0B | $947.4M | $1.0B |
Liberty Energy Inc. Annual Revenue by Year
Liberty Energy Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.0B |
| 2024 | $4.3B |
| 2023 | $4.7B |
| 2022 | $4.1B |
Liberty Energy Inc. Quarterly Revenue & Net Profit History
Liberty Energy Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.0B | +4.5% | $22.6M | 2.2% |
| Q4 FY2025 | $1.0B | +10.1% | $13.7M | 1.3% |
| Q3 FY2025 | $947.4M | -16.8% | $43.1M | 4.5% |
| Q2 FY2025 | $1.0B | -10.1% | $71.0M | 6.8% |
| Q1 FY2025 | $977.5M | -8.9% | $20.1M | 2.1% |
| Q4 FY2024 | $943.6M | -12.2% | $51.9M | 5.5% |
| Q3 FY2024 | $1.1B | -6.4% | $73.8M | 6.5% |
| Q2 FY2024 | $1.2B | -2.9% | $108.4M | 9.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.14B | $943.6M | $977.5M | $1.04B | $947.4M | $1.04B | $1.02B |
| YoY Growth | -2.9% | -6.4% | -12.2% | -8.9% | -10.1% | -16.8% | 10.1% | 4.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.24B | $3.27B | $3.30B | $3.36B | $3.44B | $3.50B | $3.56B | $4.44B |
| Liabilities | $1.30B | $1.30B | $1.32B | $1.38B | $1.41B | $1.43B | $1.48B | $2.50B |
| Equity | $1.94B | $1.97B | $1.98B | $1.97B | $2.03B | $2.07B | $2.08B | $1.95B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $248.2M | $244.5M | $177.3M | $192.1M | $170.6M | $51.5M | $195.4M |