Nonrelated Party was Liberty Energy’s largest revenue line in fiscal 2025, bringing in $4.00B of $4.01B (100%).
| Related and Nonrelated Parties | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Nonrelated Party | $4.00B | $4.53B | — | $4.18B | $4.00B | |
| Related Party | $131.80M | $176.10M | — | $131.34M | $5.85M | |
| Affiliated Entity | $16.70M | $38.80M | $11.10M | — | — | |
| Total | $4.15B | $4.75B | $11.10M | $4.32B | $4.01B |
Liberty Energy brought in $4.01B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 7.2% from $4.32B in fiscal 2024. Nonrelated Party was the largest at $4.00B (99.9%), ahead of Related Party at $5.85M (0.1%).
Liberty Energy stopped reporting Affiliated Entity as a separate revenue line after fiscal 2024, when it brought in $11.10M.
Liberty Energy (LBRT) reports its revenue by related and nonrelated parties. In fiscal 2025, Nonrelated Party was its largest revenue line, bringing in $4.00B (99.9% of the total), followed by Related Party at $5.85M (0.1%).
Nonrelated Party was Liberty Energy's largest revenue line in fiscal 2025, bringing in $4.00B, or 99.9% of the $4.01B total across its two revenue lines.
Every figure comes from Liberty Energy's annual financial filings, as reported. Each line keeps the name Liberty Energy gives it, and years follow its fiscal calendar.
Liberty Energy's revenue by related and nonrelated parties goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.