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Financials · NINE

Nine Energy Service Inc. (NINE) financials

For fiscal 2025 (ended Dec 31, 2025), Nine Energy Service Inc. reported $561.91M of revenue and -$51.32M of net income.

Revenue, FY2025
$561.91M
Revenue growth, YoY
+1.4%
Net income, FY2025
-$51.32M
Net margin
-9.1%
Free cash flow, FY2025
-$23.25M
EPS, diluted, FY2025
-$1.25
Cash
$16.05M
Total debt
$98.73M
P/S
0.17
Market cap
$93.0M
Annual revenue$561.91M
FY2016FY2025
Annual net income-$51.32M
FY2016FY2025
Annual free cash flow-$23.25M
FY2016FY2025

NINE revenue and earnings growth

NINE revenueQ3 2026$142.00M

Quarter YoY
+7.6%
QoQ
+0.1%
FY YoY
+1.4%
5Y CAGR
+12.6%

NINE revenue was $142.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.6% from a year earlier and up 0.1% from the prior quarter. For the full fiscal 2025 it was $561.91M, up 1.4% from fiscal 2024. Compound annual growth was +12.6% over 5 years. It rose in 7 of the last 9 fiscal years.

NINE net incomeQ3 2026-$5.08M

NINE net income was -$5.08M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$14.65M a year earlier. For the full fiscal 2025 it was -$51.32M, compared with -$41.08M in fiscal 2024.

NINE EPSQ3 2026-$0.36

NINE diluted EPS was -$0.36 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$1.25, compared with -$1.11 in fiscal 2024.

NINE free cash flowQ4 2025-$4.80M

NINE free cash flow was -$4.80M in fiscal Q4 2025 (ended Dec 31, 2025), compared with $11.75M a year earlier. For the full fiscal 2025 it was -$23.25M, compared with -$1.57M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$561.91M$554.10M$609.53M$593.38M$349.42M$310.85M$832.94M$827.17M$543.66M$282.35M
Cost of revenue-----$302.16M$669.98M$639.30M$448.47M$246.11M
Gross profit-----$8.69M$162.96M$187.88M$95.19M$36.24M
Selling, general and admin$59.75M$51.30M$59.82M$51.65M$45.30M$49.35M$81.33M$73.08M$49.51M$39.39M
Operating income$2.35M$8.94M$17.57M$43.57M-$50.02M-$383.17M-$182.73M-$28.29M-$56.97M-$83.01M
Interest expense$55.21M$51.32M$51.12M$32.49M-$36.76M$39.77M$22.32M$15.70M$14.19M
Pre-tax income-$51.49M-$40.88M-$31.63M$14.94M-$64.60M-$381.41M-$221.64M-$50.61M-$72.67M-$97.20M
Income tax-$171.0K$198.0K$585.0K$546.0K-$25.0K-$2.46M-$3.89M$2.38M-$4.99M-$26.29M
Net income-$51.32M-$41.08M-$32.21M$14.39M-$64.58M-$378.95M-$217.75M-$52.98M-$67.68M-$70.91M
EPS, basic-$1.25-$1.11-$0.97$0.47-$2.13-$12.74-$7.43-$2.17-$4.55-$5.34
EPS, diluted-$1.25-$1.11-$0.97$0.45-$2.13-$12.74-$7.43-$2.17-$4.55-$5.34
Diluted shares40.9M37.2M33.3M32.3M30.3M29.7M29.3M24.4M14.9M13.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$18.45M$27.88M$30.84M$17.45M$21.51M$68.86M$92.99M$63.62M$17.51M$4.07M
Receivables$75.98M$81.16M$88.45M$105.28M$64.03M$41.23M$96.89M$154.78M$99.56M-
Inventory$56.55M$50.78M$54.49M$62.05M$42.18M$38.40M$60.95M$91.44M$22.23M-
Current assets$168.83M$170.46M$183.63M$196.72M$139.30M$166.16M$268.92M$333.18M$147.24M-
Goodwill-----$0$296.20M$307.80M$93.76M$125.29M
Total assets$339.46M$360.08M$401.98M$426.83M$381.61M$442.60M$850.89M$1.14B$578.86M-
Current liabilities$91.41M$81.55M$82.75M$81.00M$56.45M$43.41M$61.22M$108.29M$286.42M-
Short-term debt$6.31M$3.58M$2.86M$2.27M$2.09M$844.0K$0$0$241.51M-
Long-term debt$341.57M$317.26M$320.52M$338.03M$332.31M$342.71M$392.06M$424.98M$0-
Total debt$347.88M$320.84M$323.38M$340.30M$334.41M$343.56M$392.06M$424.98M$241.51M-
Total liabilities$454.42M$426.14M$437.61M$450.34M$420.88M$422.19M$461.02M$546.35M$291.50M-
Shareholders' equity-$114.96M-$66.06M-$35.63M-$23.51M-$39.27M$20.41M$389.88M$594.82M$287.36M$288.19M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$7.31M$13.20M$45.51M$16.67M-$40.42M-$4.90M$101.31M$89.58M$5.67M-$3.29M
Capital expenditures$15.95M$14.76M$24.60M$28.55M$15.41M$9.42M$64.96M$46.65M$45.22M$9.13M
Free cash flow-$23.25M-$1.57M$20.91M-$11.88M-$55.83M-$14.32M$36.35M$42.93M-$39.55M-$12.42M
Investing cash flow-$13.59M-$14.18M-$23.16M-$25.42M-$11.92M-$1.78M-$34.12M-$389.76M-$44.46M-$4.18M
Financing cash flow$12.86M-$1.68M-$8.89M$4.85M$5.05M-$17.39M-$37.91M$346.69M$52.34M-$7.32M
Stock-based compensation$2.21M$2.95M$2.17M$2.44M$5.41M$9.74M$14.06M$13.22M$7.57M$5.71M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY1.4%-9.1%2.7%69.8%12.4%-62.7%0.7%52.1%92.5%-
Gross margin-----2.8%19.6%22.7%17.5%12.8%
Operating margin0.4%1.6%2.9%7.3%-14.3%-123.3%-21.9%-3.4%-10.5%-29.4%
Net margin-9.1%-7.4%-5.3%2.4%-18.5%-121.9%-26.1%-6.4%-12.4%-25.1%
Free cash flow margin-4.1%-0.3%3.4%-2.0%-16.0%-4.6%4.4%5.2%-7.3%-4.4%
Return on equity------1856.8%-55.9%-8.9%-23.6%-24.6%
Return on assets-15.1%-11.4%-8.0%3.4%-16.9%-85.6%-25.6%-4.6%-11.7%-
Current ratio1.852.092.222.432.473.834.393.080.51-
Debt to equity-----16.831.010.710.84-

Source: XBRL data Nine Energy Service Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NINE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NINE$561.91M+1.4%-$51.32M-9.1%$93.0M
SLB$36.89B+4.6%$3.10B8.4%$74.36B
HAL$22.48B+1.5%$2.01B8.9%$26.37B
OII$2.91B+3.0%$331.39M11.4%$3.46B
WBI$867.79M+114.9%$16.03M1.8%$3.20B
WTTR$1.52B+7.8%$49.90M3.3%$2.16B
LBRT$4.44B+13.6%$40.31M0.9%$2.11B
NESR$1.83B-$109.97M6.0%$1.97B

NINE FAQ

8 questions
  • What is NINE revenue?
    Nine Energy Service Inc. (NINE) reported $561.91M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 1.4% from the year before.
  • Is NINE profitable?
    No. Nine Energy Service Inc. reported a net loss of $51.32M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does NINE have?
    Nine Energy Service Inc. reported $16.05M in cash and cash equivalents and $98.73M of debt on its most recent balance sheet in SEC filings.
  • How fast is NINE revenue growing?
    Nine Energy Service Inc.'s revenue changed +1.4% in fiscal 2025, to $561.91M. Its compound annual growth rate was +12.6% over 5 years.
  • What is NINE free cash flow?
    Nine Energy Service Inc. generated -$23.25M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$7.31M less capital expenditures.
  • What is NINE earnings per share?
    Diluted earnings per share were -$1.25 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did NINE last report financial results?
    The latest statements here come from Nine Energy Service Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this NINE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Nine Energy Service Inc. files with the SEC. It is provided for information only and is not investment advice.