NCSMNCS Multistage Holdings, Inc.

$155M

Q4 2025 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$52M+15.0% YoY

Gross Profit

$21M40.0% margin

Operating Income

$6M12.5% margin

Net Income

$16M30.2% margin

EPS (Diluted)

$5.34

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$181M

Total Liabilities

$38M

Stockholders' Equity

$126M

Cash & Equivalents

$37M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$52M	$45M	+15.0%
Gross Profit	$21M	$18M	+15.1%
Operating Income	$6M	$3M	+120.5%
Net Income	$16M	$3M	+350.7%

Revenue Segments

Product

$34M67%

Service

$17M33%

Geographic Segments

CANADA

$28M55%

UNITED STATES

$18M36%

Other Countries

$5M9%

NCSM Q4 2025 Earnings — NCS Multistage Holdings, Inc. Revenue & Financial Results | Market Cap Arena