Company: NINE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001532286-25-000026
Chunk: 14

Company: Nine Energy Service, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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Nine Months Ended September 30, 20252024Cash flows from operating activities  Net loss$(32,099)$(32,239)Adjustments to reconcile net loss to net cash used in operating activitiesDepreciation17,392 19,562 Amortization of intangibles8,387 8,388 Amortization of operating leases11,105 9,948 Amortization of deferred financing costs and non-cash interest10,221 5,592 Provision for doubtful accounts51 457 Provision for inventory obsolescence1,370 987 Stock-based compensation expense1,756 2,225 Loss on sale of property and equipment427 485 Loss on revaluation of contingent liability169 191 Changes in operating assets and liabilitiesAccounts receivable, net(292)8,251 Inventories, net(7,161)(2,396)Prepaid expenses and other current assets2,205 3,585 Accounts payable and accrued expenses(6,891)(15,961)Income taxes receivable/payable449 (124)Operating lease obligations(11,026)(9,813)Other assets and liabilities(1,196)(931)Net cash used in operating activities(5,133)(1,793)Cash flows from investing activitiesProceeds from sales of property and equipment162 352 Purchases of property and equipment(13,324)(11,528)Net cash used in investing activities(13,162)(11,176)Cash flows from financing activitiesProceeds from issuance of common stock under ATM program— 8,249 Proceeds from revolving credit facilities65,946 3,000 Payments on revolving credit facilities(51,000)(10,000)Payments of short-term debt(3,580)(2,859)Cost of debt issuance(4,558)— Principal payments on finance leases(26)(40)Payments of contingent liability(223)(466)Net cash provided by (used in) financing activities6,559 (2,116)Impact of foreign currency exchange on cash331 (103)Net decrease in cash and cash equivalents(11,405)(15,188)Cash, cash equivalents, and restricted cashCash, cash equivalents, and restricted cash at beginning of period$27,880 $30,840 Cash, cash equivalents, and restricted cash at end of period$16,475 $15,652 Supplemental disclosures of