Company: NINE
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001532286-25-000016
Chunk: 47

Company: Nine Energy Service, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure and helps identify underlying trends in our operations that could otherwise be distorted by the effect of impairments, acquisitions and dispositions, and costs that are not reflective of the ongoing performance of our business. We exclude the items listed above from net income (loss) in arriving at this measure because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures, and the method by which the assets were acquired. 

Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, net income (loss) as determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”) or as an indicator of our operating performance. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of Adjusted EBITDA. Our computation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies.

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The following table presents a reconciliation of the non-GAAP financial measure of Adjusted EBITDA to the GAAP financial measure of net income (loss) for the three and six months ended June 30, 2025 and 2024: 

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Net loss$(10,391)$(14,041)$(17,452)$(22,096)Interest expense14,729 12,782 27,605 25,574 Interest income(319)(154)(458)(464)Provision (benefit) for income taxes(454)139 (339)293 Depreciation5,796 6,602 11,633 13,336 Amortization of intangibles2,796 2,796 5,592 5,592 EBITDA$12,157 $8,124 $26,581 $22,235 Loss (gain) on revaluation of contingent liability (1)48 (118)73 (192)Restructuring charges306 315 306 342 Stock-based compensation expense539 807 1,289 1,388 Cash award expense