NINE · Nine Energy Service, 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.
Price · NINE
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.39M | - | $132.03M | $147.25M | $150.47M | - | $138.16M | $132.40M | $142.12M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $13.05M | - | $12.76M | $13.87M | $13.26M | - | $12.37M | $12.48M | $12.27M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $3.96M | - | - | - | $5.84M | - | - | - | $6.73M | - |
| Operating Income | ($11.01M) | - | ($1.17M) | $3.38M | $5.63M | - | $2.45M | ($1.44M) | $4.42M | - |
| Interest Expense | $5.26M | - | $13.71M | $14.73M | $12.79M | - | $12.88M | $12.78M | $12.79M | - |
| Income Tax | $109.0K | - | $53.0K | ($454.0K) | $115.0K | - | $73.0K | $139.0K | $154.0K | - |
| Net Income | $107.88M | - | ($14.65M) | ($10.39M) | ($7.06M) | - | ($10.14M) | ($14.04M) | ($8.05M) | - |
| EPS - Basic | $2.65 | - | ($0.35) | ($0.25) | ($0.18) | - | ($0.26) | ($0.40) | ($0.24) | - |
| EPS - Diluted | $2.65 | - | ($0.35) | ($0.25) | ($0.18) | - | ($0.26) | ($0.40) | ($0.24) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.82M | $18.45M | $14.39M | $14.22M | $17.27M | $27.88M | $15.65M | $26.03M | $10.24M | $30.84M |
| Accounts Receivable | $79.12M | $75.98M | $81.45M | $93.99M | $95.11M | $81.16M | $79.73M | $84.40M | $90.97M | $88.45M |
| Inventory | $50.55M | $56.55M | $56.81M | $54.21M | $51.19M | $50.78M | $55.83M | $59.71M | $56.34M | $54.49M |
| Accounts Payable | $39.07M | $43.56M | $37.07M | $44.15M | $46.49M | $36.05M | $30.46M | $39.40M | $38.83M | $33.38M |
| Current Assets | $172.15M | $168.83M | $162.90M | $175.73M | $174.58M | $170.46M | $157.62M | $178.33M | $167.69M | $183.63M |
| Total Assets | $326.04M | $339.46M | $340.70M | $361.17M | $359.18M | $360.08M | $353.23M | $381.72M | $380.41M | $401.98M |
| Current Liabilities | $76.69M | $91.41M | $73.80M | $93.93M | $86.03M | $81.55M | $64.10M | $82.96M | $73.85M | $82.75M |
| Long-term Debt | $90.31M | $341.57M | $339.39M | $323.45M | $319.14M | $317.26M | $318.47M | $318.75M | $317.10M | $320.52M |
| Total Liabilities | $185.47M | $454.42M | $436.57M | $442.90M | $431.29M | $426.14M | $410.79M | $431.44M | $423.72M | $437.61M |
| Stockholders' Equity | $135.20M | ($114.96M) | ($95.87M) | ($81.74M) | ($72.11M) | ($66.06M) | ($57.56M) | ($49.72M) | ($43.31M) | ($35.63M) |
| Retained Earnings | ($1.25M) | ($918.63M) | ($899.41M) | ($884.76M) | ($874.37M) | ($867.31M) | ($858.47M) | ($848.33M) | ($834.28M) | ($826.23M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($9.95M) | - | - | - | ($5.28M) | - | - | - | ($8.84M) | - |
| Investing Cash Flow | ($2.04M) | - | - | - | ($3.98M) | - | - | - | ($5.46M) | - |
| Financing Cash Flow | $20.50M | - | - | - | ($1.56M) | - | - | - | ($6.22M) | - |
| CapEx | $2.95M | - | - | - | $3.98M | - | - | - | $5.49M | - |
| Free Cash Flow | ($12.90M) | - | - | - | ($9.26M) | - | - | - | ($14.32M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -12.5% | - | -0.9% | 2.3% | 3.7% | - | 1.8% | -1.1% | 3.1% | - |
| EBITDA margin | -8.0% | - | - | - | 7.6% | - | - | - | 7.8% | - |
| Net margin | 122.0% | - | -11.1% | -7.1% | -4.7% | - | -7.3% | -10.6% | -5.7% | - |
| Free cash flow margin | -14.6% | - | - | - | -6.2% | - | - | - | -10.1% | - |
| FCF / Net income | -0.12 | - | - | - | 1.31 | - | - | - | 1.78 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 14.8% | - | 9.7% | 9.4% | 8.8% | - | 9.0% | 9.4% | 8.6% | - |
| Effective tax rate | 0.1% | - | - | - | - | - | - | - | - | - |
| Return on assets | 33.1% | - | -4.3% | -2.9% | -2.0% | - | -2.9% | -3.7% | -2.1% | - |
| Return on equity | 79.8% | - | 15.3% | 12.7% | 9.8% | - | 17.6% | 28.2% | 18.6% | - |
| Return on invested capital | -4.9% | - | -0.4% | 1.1% | 1.8% | - | 0.7% | -0.4% | 1.3% | - |
| Liquidity | ||||||||||
| Current ratio | 2.24 | 1.85 | 2.21 | 1.87 | 2.03 | 2.09 | 2.46 | 2.15 | 2.27 | 2.22 |
| Quick ratio | 1.59 | 1.23 | 1.44 | 1.29 | 1.43 | 1.47 | 1.59 | 1.43 | 1.51 | 1.56 |
| Cash ratio | 0.23 | 0.20 | 0.19 | 0.15 | 0.20 | 0.34 | 0.24 | 0.31 | 0.14 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | 0.67 | -2.97 | -3.54 | -3.96 | -4.43 | -4.80 | -5.53 | -6.41 | -7.32 | -9.00 |
| Debt / Assets | 0.28 | 1.01 | 1.00 | 0.90 | 0.89 | 0.88 | 0.90 | 0.84 | 0.83 | 0.80 |
| Debt / EBITDA | - | - | - | - | 27.83 | - | - | - | 28.43 | - |
| Interest coverage | -2.1x | - | -0.1x | 0.2x | 0.4x | - | 0.2x | -0.1x | 0.3x | - |
| Equity multiplier | 2.41 | -2.95 | -3.55 | -4.42 | -4.98 | -5.45 | -6.14 | -7.68 | -8.78 | -11.28 |
| Liabilities / Assets | 0.57 | 1.34 | 1.28 | 1.23 | 1.20 | 1.18 | 1.16 | 1.13 | 1.11 | 1.09 |
| Efficiency | ||||||||||
| Asset turnover | 0.27 | - | 0.39 | 0.41 | 0.42 | - | 0.39 | 0.35 | 0.37 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 327d | - | 225d | 233d | 231d | - | 211d | 233d | 234d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 3.1x | - | - | - | - | - | - | - | - | - |
| P / B | 2.5x | - | - | - | - | - | - | - | - | - |
| P / S | 3.8x | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -41.3% | - | -4.4% | 11.2% | 5.9% | - | -1.7% | -7.0% | 21.5% | - |
| Revenue CAGR (3y) | -8.9% | - | -7.6% | 1.1% | 8.8% | - | 14.2% | 35.9% | -1.0% | - |
| Revenue CAGR (5y) | -9.6% | - | 21.7% | 22.8% | 0.5% | - | -7.3% | -11.0% | -9.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | 27.4% | - | - | - | -35.8% | - |
| Net income growth (YoY) | - | - | -44.4% | 26.0% | 12.3% | - | 23.5% | -453.4% | -31.9% | - |
| EPS growth (YoY) | - | - | -34.6% | 37.5% | 25.0% | - | 33.3% | -400.0% | -26.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -39.3% | - | - | - | 35.4% | - | - | - | -502.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -74.0% | -66.5% | -64.4% | -66.5% | -85.4% | -120.4% | -270.7% | -281.9% | -51.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.69B totalService Revenue$431.21M · 25.6%
Service$431.21M · 25.6%
Cement$211.28M · 12.5%
Tool Revenue$130.70M · 7.8%
Tools$130.70M · 7.8%
Product$130.70M · 7.8%
Wireline$115.81M · 6.9%
Coiled Tubing$104.11M · 6.2%
Geographic
$561.91M totalUS$550.63M · 98.0%
Non Us$11.28M · 2.0%
Peer comparison
Same SIC group: Oil & Gas Field Services, NEC
Comparing Nine Energy Service against the 5 most active filers in the same SIC group.