Company: NINE
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001532286-25-000016
Chunk: 15

Company: Nine Energy Service, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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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 June 30,Six Months Ended June 30,  2025202420252024RevenuesService$110,211 $99,971 $226,838 $206,864 Product37,040 32,430 70,879 67,657 147,251 132,401 297,717 274,521 Cost and expensesCost of revenues (exclusive of depreciation and amortization shown separately below)Service93,324 87,183 188,908 177,273 Product28,115 24,865 55,001 50,781 General and administrative expenses13,874 12,482 27,137 24,747 Depreciation5,796 6,602 11,633 13,336 Amortization of intangibles2,796 2,796 5,592 5,592 Loss (gain) on revaluation of contingent liability48 (118)73 (192)Loss (gain) on sale of property and equipment(80)27 366 1 Income (loss) from operations3,378 (1,436)9,007 2,983 Interest expense14,729 12,782 27,605 25,574 Interest income(319)(154)(458)(464)Other income(187)(162)(349)(324)Loss before income taxes(10,845)(13,902)(17,791)(21,803)Provision (benefit) for income taxes(454)139 (339)293 Net loss$(10,391)$(14,041)$(17,452)$(22,096)Loss per shareBasic$(0.25)$(0.40)$(0.43)$(0.64)Diluted$(0.25)$(0.40)$(0.43)$(0.64)Weighted average shares outstandingBasic40,886,710 35,477,154 40,527,572 34,663,736 Diluted40,886,710 35,477