Nine Energy Service, Inc. (NINE) Financial Statements (2026 and earlier)

Company Profile

Business Address 2001 KIRBY DRIVE
HOUSTON, TX 77019
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,44927,88030,84017,44521,50968,864
Cash and cash equivalent18,44927,88030,84017,44521,50968,864
Restricted cash and investments1,393     
Receivables75,97981,44188,939106,01865,41842,627
Inventory, net of allowances, customer advances and progress billings56,55350,78154,48662,04542,18038,402
Inventory56,55350,78154,48662,04542,18038,402
Prepaid expense13,5389,982    
Other current assets2,919380    
Other undisclosed current assets   9,36811,21710,19516,270
Total current assets:168,831170,464183,633196,725139,302166,163
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1629515471,4451,816
Operating lease, right-of-use asset34,10537,25242,05636,33635,11736,360
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization64,26670,51882,36689,71786,958102,429
Intangible asset, including goodwill, after accumulated amortization68,06379,24690,429101,945116,408132,524
Intangible asset, excluding goodwill, after accumulated amortization68,06379,24690,429101,945116,408132,524
Other noncurrent assets4,1832,5673,4491,5642,3833,308
Total noncurrent assets:170,633189,612218,351230,109242,311276,437
TOTAL ASSETS:339,464360,076401,984426,834381,613442,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities71,32866,72869,55070,60247,19935,279
Accounts payable43,56436,05233,37942,21128,68018,140
Accrued liabilities27,76430,67636,17128,39118,51917,139
Debt6,3163,6012,8902,4453,1631,936
Other undisclosed current liabilities13,76511,21610,3147,9566,0916,200
Total current liabilities:91,40981,54582,75481,00356,45343,415
Noncurrent Liabilities
Long-term debt and lease obligation341,572317,264320,520338,031362,814376,118
Long-term debt, excluding current maturities341,572317,264320,520338,031332,314342,714
Finance lease, liability     651,109
Liabilities, other than long-term debt21,43927,33134,34031,3071,6132,658
Other liabilities876211,7461,9371,6132,658
Operating lease, liability21,35226,71032,59429,37030,43532,295
Total noncurrent liabilities:363,011344,595354,860369,338364,427378,776
Total liabilities:454,420426,140437,614450,341420,880422,191
Equity
Equity, attributable to parent(114,956)(66,064)(35,630)(23,507)(39,267)20,409
Common stock433423353332328316
Additional paid in capital808,432806,231795,106775,006773,350768,429
Accumulated other comprehensive income (loss)(5,187)(5,406)(4,859)(4,828)(4,535)(4,501)
Accumulated deficit(918,634)(867,312)(826,230)(794,017)(808,410)(743,835)
Total equity:(114,956)(66,064)(35,630)(23,507)(39,267)20,409
TOTAL LIABILITIES AND EQUITY:339,464360,076401,984426,834381,613442,600

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues561,911554,104609,526593,382349,419310,851
Cost of revenue(23,205)(25,594)(29,141)(26,784)(28,905)(302,157)
Cost of product and service sold(23,205)(25,594)(29,141)(26,784)(28,905)(41,388)
Gross profit:538,706528,510580,385566,598320,5148,694
Operating expenses(68,781)(62,737)(71,625)(65,483)(62,077)(359,152)
Other undisclosed operating loss(467,577)(456,833)(491,187)(457,547)(308,452)(32,707)
Operating income (loss):2,3488,94017,57343,568(50,015)(383,165)
Nonoperating income
(Investment Income, Nonoperating)		6838491,27030526615
Interest and debt expense(55,208)(51,321)(51,119)2,84317,61837,841
Income (loss) from continuing operations before equity method investments, income taxes:(52,177)(41,532)(32,276)46,716(32,371)(344,709)
Other undisclosed income (loss) from continuing operations before income taxes684648648(31,777)(32,229)(36,697)
Income (loss) from continuing operations before income taxes:(51,493)(40,884)(31,628)14,939(64,600)(381,406)
Income tax expense (benefit)171(198)(585)(546)252,458
Income (loss) from continuing operations:(51,322)(41,082)(32,213)14,393(64,575)(378,948)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(64,575)(378,948)
Net income (loss) available to common stockholders, diluted:(51,322)(41,082)(32,213)14,393(64,575)(378,948)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(51,322)(41,082)(32,213)14,393(64,575)(378,948)
Comprehensive income (loss):(51,322)(41,082)(32,213)14,393(64,575)(378,948)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent219(547)(31)(293)(34)(34)
Comprehensive income (loss), net of tax, attributable to parent:(51,103)(41,629)(32,244)14,100(64,609)(378,982)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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