Cactus (WHD) Operating Expenses (2017 - 2026)

Cactus has reported Operating Expenses for 10 years, with the latest figure at $338.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 60.05% year-over-year to $338.8 million; the trailing twelve-month figure through Mar 2026 stood at $955.7 million (up 13.73% YoY), and the FY2025 full-year result was $828.6 million, down 1.39% from the prior year.
• Operating Expenses for Q1 2026 stood at $338.8 million, up from $201.4 million in the prior quarter.
• The five-year high for Operating Expenses was $338.8 million in Q1 2026, with the low at $114.9 million in Q1 2022.
• Historically, Operating Expenses has averaged $197.3 million across 5 years, with a median of $201.7 million in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses soared 104.25% — and 2024, when it dropped 18.16%.
• Cactus' Operating Expenses stood at $139.6 million in 2022, then jumped by 40.67% to $196.3 million in 2023, then gained by 2.73% to $201.7 million in 2024, then slipped by 0.16% to $201.4 million in 2025, then soared by 68.28% to $338.8 million in 2026.
• The last three Operating Expenses figures came in at $338.8 million (Q1 2026), $201.4 million (Q4 2025), and $202.7 million (Q3 2025), per Business Quant data.