Nine Energy Service (NINE) Financial Statements & Analysis

Nine Energy Service (NINE) Income Statement

Nine Energy Service reported revenue of $561.91M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 1.4% from $554.10M a year earlier. Nine Energy Service posted a net loss of $51.32M, compared with a net loss of $41.08M a year earlier. Gross margin was 10.7% and operating margin 0.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $141.81M, down 3.7% from the same quarter a year earlier.

Nine Energy Service Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Nine Energy Service, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	561.91	554.10	609.53	593.38	349.42	310.85	832.94	827.17	543.66
Cost of Revenue	501.75	456.73	531.41	457.09	307.99	302.16	738.89	703.11	510.69
Gross Profit	60.16	97.38	78.12	136.29	41.43	8.69	94.05	124.06	32.97
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.75	0.00
Selling, General & Administrative	59.75	51.30	59.82	51.65	45.30	49.35	81.33	75.99	49.55
Operating Expenses	59.75	51.30	60.55	52.47	46.42	342.96	276.78	75.99	49.55
Operating Income	0.42	8.94	17.57	43.57	-50.02	-383.17	-182.73	-28.29	-56.97
Other Income/Expense
Interest Income	0.68	0.85	1.27	0.31	0.03	0.62	0.86	0.00	0.00
Interest Expense	55.21	51.32	51.12	32.49	32.53	36.76	39.77	22.32	15.70
Other Income/Expense	-51.91	-51.12	-49.20	-35.73	-50.42	-74.05	-38.91	-22.32	-15.70
Income
Income Before Tax	-51.49	-40.88	-31.63	14.94	-64.60	-381.41	-221.64	-50.61	-72.67
Income Tax Expense	-0.17	0.20	0.59	0.55	-0.03	-2.46	-3.89	2.38	-4.99
Net Income	-51.32	-41.08	-32.21	14.39	-64.58	-378.95	-217.75	-52.98	-67.68
Net Income - Continuous Operations	-51.32	-41.08	-32.21	14.39	-64.58	-378.95	-217.75	-52.98	-67.68
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	53.32	46.08	72.67	84.64	-3.87	-334.27	-112.96	26.72	5.26
EBIT	0.42	9.30	19.49	44.39	-48.90	-383.17	-	-	-
Depreciation & Amortization	49.60	50.03	53.18	48.92	53.04	57.80	68.91	63.82	62.22
Earnings Per Share
Basic EPS	-1.00	-1.00	-1.00	-	-2.00	-13.00	-7.00	-2.00	-3.00
Diluted EPS	-1.00	-1.00	-1.00	-	-2.00	-13.00	-7.00	-2.00	-3.00
Basic Shares Outstanding	40.92	37.17	33.28	30.93	30.30	29.74	29.31	24.41	23.18
Diluted Shares Outstanding	40.92	37.17	33.28	32.25	30.30	29.74	29.31	24.41	23.18

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nine Energy Service Financial Statements

What was Nine Energy Service's revenue in fiscal 2025?

Nine Energy Service reported revenue of $561.91M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 1.4% from $554.10M a year earlier.

Is Nine Energy Service profitable?

No. Nine Energy Service reported a net loss of $51.32M in fiscal 2025. In fiscal 2024 it lost $41.08M.

What is Nine Energy Service's operating margin?

Nine Energy Service's operating income was $416.00K on revenue of $561.91M in fiscal 2025, an operating margin of 0.1%, compared with 1.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition