Company: NINE
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001532286-25-000016
Chunk: 90

Company: Nine Energy Service, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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)(458)(464)Restructuring charges306 315 306 342 Adjusted after-tax net operating income (loss)$4,325 $(1,098)$10,001 $3,356 Total capital as of prior period-end:Total stockholders’ deficit$(72,113)$(43,314)$(66,064)$(35,630)Total debt349,260 353,805 350,580 359,859 Less cash and cash equivalents(17,275)(10,237)(27,880)(30,840)Total capital as of prior period-end$259,872 $300,254 $256,636 $293,389 Total capital as of period-end:Total stockholders’ deficit$(81,737)$(49,715)$(81,737)$(49,715)Total debt350,275 352,730 350,275 352,730 Less cash and cash equivalents(14,216)(26,027)(14,216)(26,027)Total capital as of period-end$254,322 $276,988 $254,322 $276,988 Average total capital$257,097 $288,621 $255,479 $285,189 ROIC(16.2)%(19.5)%(13.7)%(15.5)%Adjusted ROIC6.7%(1.5)%7.8%2.4%

Adjusted Gross Profit (Loss)

GAAP defines gross profit (loss) as revenues less cost of revenues and includes depreciation and amortization in costs of revenues. We define adjusted gross profit (loss) as revenues less direct and indirect costs of revenues (excluding depreciation and amortization). This measure differs from the GAAP definition of gross profit (loss) because we do not include the impact of depreciation and amortization, which represent non-cash expenses.

Management believes adjusted gross profit (loss) provides useful information to us and our investors regarding our financial condition and results of operation and helps management evaluate our operating performance by eliminating the impact of depreciation and amortization, which we do not consider indicative of our core operating performance. Adjusted gross profit (loss) should not be considered as an alternative to gross profit (loss), operating income (loss), or any other measure of financial performance calculated and presented in accordance with GAAP. Adjusted gross profit (loss) may not be comparable to similarly titled measures of other companies because other companies may not