Nine Energy Service, Inc. income statement
In fiscal 2025, Nine Energy Service, Inc. reported revenue of $562m, up 1.4% on the year before, operating income of $2.3m (a 0.4% margin) and net income of −$51.3m, or −$1.25 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 282 | 544 | 827 | 833 | 311 | 349 | 593 | 610 | 554 | 562 |
| Cost of revenue | 246 | 448 | 639 | 670 | 302 | — | — | — | — | — |
| Gross profit | 36 | 95 | 188 | 163 | 9 | — | — | — | — | — |
| General and administrative | 39 | 50 | 73 | 81 | 49 | 45 | 52 | 60 | 51 | 60 |
| Operating income | −83 | −57 | −28 | −183 | −383 | −50 | 44 | 18 | 9 | 2 |
| Interest expense | 14 | 16 | 22 | 40 | 37 | — | 32 | 51 | 51 | 55 |
| Net interest income | −14 | −16 | −23 | −40 | −37 | −33 | −32 | — | — | — |
| Income before tax | −97 | −73 | −51 | −222 | −381 | −65 | 15 | −32 | −41 | −51 |
| Income tax | −26 | −5 | 2 | −4 | −2 | −0 | 1 | 1 | 0 | −0 |
| Net income | −71 | −68 | −53 | −218 | −379 | −65 | 14 | −32 | −41 | −51 |
| Diluted EPS | −$5.34 | −$4.55 | −$2.17 | −$7.43 | −$12.74 | −$2.13 | $0.45 | −$0.97 | −$1.11 | −$1.25 |
| Diluted shares (average) | 13m | 15m | 24m | 29m | 30m | 30m | 32m | 33m | 37m | 41m |
| EBITDA | −28 | −4 | 26 | −132 | −351 | −21 | 70 | 47 | 35 | 26 |
| Quarter | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 132 | 138 | 141 | 150 | 147 | 132 | 132 | 142 |
| General and administrative | 12 | 12 | 14 | 13 | 14 | 13 | 20 | 16 |
| Operating income | −1 | 2 | 4 | 6 | 3 | −1 | −5 | −3 |
| Interest expense | 13 | 13 | 13 | 13 | 15 | 14 | 14 | 2 |
| Income before tax | −14 | −10 | −9 | −7 | −11 | −15 | −19 | −5 |
| Income tax | 0 | 0 | −0 | 0 | −0 | 0 | 0 | 0 |
| Net income | −14 | −10 | −9 | −7 | −10 | −15 | −19 | −5 |
| Diluted EPS | −$1.20 | −$0.78 | −$0.66 | −$0.54 | −$0.75 | −$1.05 | −$1.38 | −$0.35 |
| EBITDA | 5 | 9 | 10 | 11 | 9 | 5 | 0 | 4 |
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