USWS · U.S. Well Services, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.76M | $41.15M | - | $56.48M | $78.80M | $76.26M | - | $44.04M | $39.84M | $112.03M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $9.41M | $8.37M | - | $11.14M | $7.21M | $7.39M | - | $6.10M | $5.22M | $19.06M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $5.88M | $5.70M | - | $6.98M | $9.84M | $11.11M | - | $16.39M | $17.36M | $32.01M |
| Operating Income | ($1.65M) | ($16.70M) | - | ($7.76M) | ($31.96M) | ($7.30M) | - | ($10.36M) | ($12.61M) | ($175.97M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $0 | - | - | - | ($27.0K) | - | - | ($87.0K) | $13.0K | ($750.0K) |
| Net Income | ($9.34M) | ($25.75M) | - | ($9.58M) | ($17.72M) | ($20.57M) | - | ($15.94M) | ($18.14M) | ($172.37M) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.27M | $40.41M | $6.38M | $29.86M | $57.54M | $17.73M | $3.69M | $519.0K | $3.42M | $9.07M |
| Accounts Receivable | $31.72M | $22.60M | $25.74M | $38.36M | $54.89M | $61.76M | $44.39M | $36.42M | $38.46M | $89.85M |
| Inventory | $8.07M | $7.31M | $6.35M | $5.57M | $7.53M | $8.08M | $7.96M | $7.32M | $7.78M | $9.62M |
| Accounts Payable | $49.03M | $29.88M | $29.18M | $33.45M | $35.35M | $45.11M | $36.36M | $35.74M | $48.43M | $75.06M |
| Current Assets | $64.17M | $80.78M | $62.01M | $101.25M | $147.63M | $102.13M | $68.33M | $55.22M | $59.77M | $121.44M |
| Total Assets | $298.67M | $261.73M | $243.56M | $338.35M | $379.63M | $354.61M | $323.22M | $317.90M | $338.83M | $415.60M |
| Current Liabilities | $89.10M | $58.66M | $57.85M | $58.41M | $69.94M | $80.01M | $65.71M | $59.43M | $76.54M | $111.42M |
| Long-term Debt | $158.42M | $153.19M | $167.51M | $242.46M | $281.05M | $293.50M | $274.56M | $250.83M | $239.06M | $285.75M |
| Total Liabilities | $388.62M | $341.07M | $348.79M | $423.98M | $458.01M | $395.00M | $353.15M | $322.10M | $328.07M | $410.09M |
| Stockholders' Equity | ($116.05M) | ($104.30M) | ($129.10M) | ($108.45M) | ($123.34M) | ($116.25M) | ($105.39M) | ($77.09M) | ($63.83M) | ($41.42M) |
| Retained Earnings | ($428.62M) | ($419.28M) | ($393.04M) | ($370.29M) | ($360.71M) | ($343.00M) | ($346.87M) | ($317.64M) | ($301.70M) | ($283.57M) |
Cash Flow
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($7.45M) | - | - | - | ($11.02M) | - | - | - | ($11.56M) |
| Investing Cash Flow | - | $6.16M | - | - | - | ($7.83M) | - | - | - | ($20.11M) |
| Financing Cash Flow | - | $33.31M | - | - | - | $31.82M | - | - | - | ($148.0K) |
| CapEx | - | $11.09M | - | - | - | $14.22M | - | - | - | $35.02M |
| Free Cash Flow | - | ($18.54M) | - | - | - | ($25.23M) | - | - | - | ($46.58M) |
Ratios
| Metric | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -2.4% | -40.6% | - | -13.7% | -40.6% | -9.6% | - | -23.5% | -31.6% | -157.1% |
| EBITDA margin | 6.1% | -26.7% | - | -1.4% | -28.1% | 5.0% | - | 13.7% | 11.9% | -128.5% |
| Net margin | -13.6% | -62.6% | - | -17.0% | -22.5% | -27.0% | - | -36.2% | -45.5% | -153.9% |
| Free cash flow margin | - | -45.0% | - | - | - | -33.1% | - | - | - | -41.6% |
| FCF / Net income | - | 0.72 | - | - | - | 1.23 | - | - | - | 0.27 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.7% | 20.3% | - | 19.7% | 9.2% | 9.7% | - | 13.8% | 13.1% | 17.0% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.1% | -9.8% | - | -2.8% | -4.7% | -5.8% | - | -5.0% | -5.4% | -41.5% |
| Return on equity | 8.0% | 24.7% | - | 8.8% | 14.4% | 17.7% | - | 20.7% | 28.4% | 416.2% |
| Return on invested capital | -3.1% | - | - | - | -16.0% | - | - | -4.7% | -5.7% | -56.9% |
| Liquidity | ||||||||||
| Current ratio | 0.72 | 1.38 | 1.07 | 1.73 | 2.11 | 1.28 | 1.04 | 0.93 | 0.78 | 1.09 |
| Quick ratio | 0.63 | 1.25 | 0.96 | 1.64 | 2.00 | 1.18 | 0.92 | 0.81 | 0.68 | 1.00 |
| Cash ratio | 0.19 | 0.69 | 0.11 | 0.51 | 0.82 | 0.22 | 0.06 | 0.01 | 0.04 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | -1.37 | -1.47 | -1.30 | -2.24 | -2.28 | -2.52 | -2.61 | -3.25 | -3.75 | -6.90 |
| Debt / Assets | 0.53 | 0.59 | 0.69 | 0.72 | 0.74 | 0.83 | 0.85 | 0.79 | 0.71 | 0.69 |
| Debt / EBITDA | 37.50 | - | - | - | - | 77.22 | - | 41.58 | 50.30 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -2.57 | -2.51 | -1.89 | -3.12 | -3.08 | -3.05 | -3.07 | -4.12 | -5.31 | -10.03 |
| Liabilities / Assets | 1.30 | 1.30 | 1.43 | 1.25 | 1.21 | 1.11 | 1.09 | 1.01 | 0.97 | 0.99 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | 0.16 | - | 0.17 | 0.21 | 0.22 | - | 0.14 | 0.12 | 0.27 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 168d | 200d | - | 248d | 254d | 296d | - | 302d | 352d | 293d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -12.7% | -46.0% | - | 28.2% | 97.8% | -31.9% | - | -66.4% | -73.7% | -19.8% |
| Revenue CAGR (3y) | -23.1% | -33.5% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 94.8% | -128.6% | - | 25.1% | -153.5% | 95.8% | - | 19.2% | -59.3% | -656.0% |
| Net income growth (YoY) | 47.3% | -25.2% | - | 39.9% | 2.3% | 88.1% | - | 6.1% | 15.6% | -673.9% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 26.5% | - | - | - | 45.8% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.9% | 10.3% | -22.5% | -40.7% | -93.3% | -180.7% | - | - | - | - |
Peer comparison
Same SIC group: Oil & Gas Field Services, NEC
Comparing U.S. WELL SERVICES against the 5 most active filers in the same SIC group.