Company: NINE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001532286-25-000026
Chunk: 11

Company: Nine Energy Service, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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360,076 

The accompanying notes are an integral part of these condensed consolidated financial statements.

1

NINE ENERGY SERVICE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except share and per share amounts)

(Unaudited)

 Three Months Ended September 30,Nine Months Ended September 30,  2025202420252024RevenuesService$100,846 $106,744 $327,684 $313,608 Product31,182 31,413 102,061 99,070 132,028 138,157 429,745 412,678 Cost and expensesCost of revenues (exclusive of depreciation and amortization shown separately below)Service87,879 89,142 276,787 266,415 Product23,849 24,309 78,850 75,090 General and administrative expenses12,756 12,366 39,893 37,113 Depreciation5,759 6,226 17,392 19,562 Amortization of intangibles2,795 2,796 8,387 8,388 Loss on revaluation of contingent liability96 383 169 191 Loss on sale of property and equipment61 484 427 485 Income (loss) from operations(1,167)2,451 7,840 5,434 Interest expense13,714 12,879 41,319 38,453 Interest income(114)(196)(572)(660)Other income(173)(162)(522)(486)Loss before income taxes(14,594)(10,070)(32,385)(31,873)Provision (benefit) for income taxes53 73 (286)366 Net loss$(14,647)$(10,143)$(32,099)$(32,239)Loss per shareBasic$(0.35)$(0.26)$(0.79)$(0.89)Diluted$(0.35)$(0.26)$(0.79)$(0.89)Weighted average shares outstandingBasic41,297,925 39,209,798 40,787,178 36,188,175 Diluted41,297,925 39,209,798 40,787,178 36