Nine Energy Service, Inc. (NINE) Financial Statements
Industry: Oil & Gas Field Services (Other)
In fiscal 2025, Nine Energy Service reported revenue of $561.9M, up 1.4% from $554.1M the year before. Net income was -$51.3M (a -9.1% net margin), or -$1.25 per diluted share. Operating margin was 0.4%. Operating activities generated -$7.3M of cash, leaving -$23.3M of free cash flow. At fiscal year end, Nine Energy Service held $339.5M in total assets against $454.4M in total liabilities, including $18.4M of cash and equivalents.
Open the full interactive Nine Energy Service financials → Quarterly statements, key ratios, valuation history and price charts.
Nine Energy Service Key Stats
| Share Price | $7.95 |
|---|---|
| Market Cap | $110.9M |
| Revenue YoY Growth | +1.4% |
| 52-Week Range | $0.32 – $13.01 |
| Shares Outstanding | 13.9 million (basic, 2026 Q2) |
Nine Energy Service Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $310.9M | $349.4M | $593.4M | $609.5M | $554.1M | $561.9M |
| Gross Profit | $8.7M | — | — | — | — | — |
| Operating Income | -$383.2M | -$50.0M | $43.6M | $17.6M | $8.9M | $2.3M |
| Pre-Tax Income | -$381.4M | -$64.6M | $14.9M | -$31.6M | -$40.9M | -$51.5M |
| Income Tax | -$2.5M | -$25,000 | $546,000 | $585,000 | $198,000 | -$171,000 |
| Net Income | -$378.9M | -$64.6M | $14.4M | -$32.2M | -$41.1M | -$51.3M |
| Diluted EPS | -$12.74 | -$2.13 | $0.45 | -$0.97 | -$1.11 | -$1.25 |
Nine Energy Service Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $132.0M | $132.2M | $130.0M | $183.4M |
| Net Income | -$14.6M | -$19.2M | $106.6M | -$6.1M |
| Diluted EPS | -$0.35 | -$0.47 | — | -$0.44 |
Nine Energy Service Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $68.9M | $21.5M | $17.4M | $30.8M | $27.9M | $18.4M |
| Current Assets | $166.2M | $139.3M | $196.7M | $183.6M | $170.5M | $168.8M |
| Total Assets | $442.6M | $381.6M | $426.8M | $402.0M | $360.1M | $339.5M |
| Current Liabilities | $43.4M | $56.5M | $81.0M | $82.8M | $81.5M | $91.4M |
| Total Long-Term Debt | $343.6M | $334.4M | $340.3M | $323.4M | $320.8M | $347.9M |
| Total Liabilities | $422.2M | $420.9M | $450.3M | $437.6M | $426.1M | $454.4M |
| Shareholders' Equity | $20.4M | -$39.3M | -$23.5M | -$35.6M | -$66.1M | -$115.0M |
Nine Energy Service Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$4.9M | -$40.4M | $16.7M | $45.5M | $13.2M | -$7.3M |
| Cash From Investing | -$1.8M | -$11.9M | -$25.4M | -$23.2M | -$14.2M | -$13.6M |
| Cash From Financing | -$17.4M | $5.0M | $4.8M | -$8.9M | -$1.7M | $12.9M |
| Free Cash Flow | -$14.3M | -$55.8M | -$11.9M | $20.9M | -$1.6M | -$23.3M |
Figures from Nine Energy Service's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nine Energy Service financials page for every line item.
Nine Energy Service Company Profile
| Ticker | NINE |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Services (Other) |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001532286 |
Frequently Asked Questions
What was Nine Energy Service's revenue in fiscal 2025?
Nine Energy Service (NINE) reported revenue of $561.9M for fiscal 2025.
What is Nine Energy Service's annual revenue history?
Nine Energy Service's annual revenue by fiscal year: 2020: $310.9M; 2021: $349.4M; 2022: $593.4M; 2023: $609.5M; 2024: $554.1M; 2025: $561.9M.
What was Nine Energy Service's net income in fiscal 2025?
Nine Energy Service reported net income of -$51.3M for fiscal 2025.
What was Nine Energy Service's earnings per share (EPS) in fiscal 2025?
Nine Energy Service's diluted EPS was -$1.25 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nine Energy Service generate in fiscal 2025?
Nine Energy Service generated -$23.3M of free cash flow in fiscal 2025.
What was Nine Energy Service's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nine Energy Service reported revenue of $183.4M.
How much debt does Nine Energy Service have?
Nine Energy Service reported $347.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Nine Energy Service are outstanding?
Nine Energy Service reported a weighted average of 13.9 million basic shares outstanding in 2026 Q2.
What is Nine Energy Service's market cap?
Based on its latest closing price, Nine Energy Service (NINE) has a market capitalization of about $110.9M.
When does Nine Energy Service's fiscal year end?
Nine Energy Service's fiscal year end, as registered with the SEC, is December 31.
Where is Nine Energy Service headquartered?
Nine Energy Service lists its business address in Houston, Texas in its SEC filings.