Company: NINE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001532286-25-000026
Chunk: 116

Company: Nine Energy Service, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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, 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 

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EBITDA may not be comparable to other similarly titled measures of other companies.

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 nine months ended September 30, 2025 and 2024: 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Net loss$(14,647)$(10,143)$(32,099)$(32,239)Interest expense13,714 12,879 41,319 38,453 Interest income(114)(196)(572)(660)Provision (benefit) for income taxes53 73 (286)366 Depreciation5,759 6,226 17,392 19,562 Amortization of intangibles2,795 2,796 8,387 8,388 EBITDA$7,560 $11,635 $34,141 $33,870 Loss on revaluation of contingent liability (1)96 383 169 191 Restructuring charges33 177 339 519 Stock-based compensation expense467 837 1,756 2,225 Cash award expense1,423 770 3,468 1,765 Loss on sale of property and equipment61 484 427 485 Adjusted EBITDA$9,640 $14,286 $40,