Company: NINE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001532286-25-000026
Chunk: 45

Company: Nine Energy Service, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 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 $40,300 $39,055 

(1)Amounts relate to the revaluation of a contingent liability associated with a 2018 acquisition. The impact is included in our Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). For additional information on contingent liabilities, see Note 10 – Commitments and Contingencies included in Item 1 of Part I of this Quarterly Report on Form 10-Q.

Adjusted Return on Invested Capital

Adjusted ROIC is a non-GAAP financial measure. We define Adjusted ROIC as adjusted after-tax net operating profit (loss), divided by average total capital. We define adjusted after-tax net operating profit (loss), which is a non-GAAP financial measure, as net income (loss) plus (i) goodwill, intangible asset, and/or property and equipment impairment charges, (ii) transaction and integration costs related to acquisitions, (iii) interest expense (income), (iv) restructuring charges, (v) loss (gain) on the sale of subsidiaries, (vi) loss