NINE

MKT CAP:$379M

Nine Energy Service, Inc.

Market Cap

$379M

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$9.10+$8.75 (+2470.62%)

Apr 23, 2026

Company Details

Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of blen...

CEO

Ann G. Fox

IPO Date

Jan 19, 2018

Website

nineenergyservice.com

Key Metrics TTM

Revenue

$0

-100.0% YoY

Net Income

-$51M

EPS (Diluted)

-$1.25

Free Cash Flow

-$23M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Mar 4, 2026

$0-100.0%EPS -$1.25

Q4 2025

Mar 4, 2026

-$430M-403.9%EPS -$0.47

Q3 2025

Oct 30, 2025

$132M-4.4%EPS -$0.35

Q2 2025

Aug 5, 2025

$147M+11.2%EPS -$0.25

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$117M	$12M	$1M
Q2 22	$142M	$19M	$6M
Q3 22	$167M	$35M	$20M
Q4 22	$167M	$30M	$16M
Q1 23	$163M	$26M	$7M
Q2 23	$161M	$24M	$9M
Q3 23	$141M	$13M	-$813.0K
Q4 23	$144M	$16M	$2M
Q1 24	$142M	$17M	$4M
Q2 24	$132M	$11M	-$1M
Q3 24	$138M	$16M	$2M
Q4 24	$141M	$17M	$4M
Q1 25	$150M	$19M	$6M
Q2 25	$147M	$17M	$4M
Q3 25	$132M	$12M	-$1M
Q4 25	-$430M	-$48M	-$6M

Valuation

Quarter	P/S	P/E
Q1 22	0.2x	—
Q2 22	0.2x	—
Q3 22	0.2x	—
Q4 22	0.7x	30.3x
Q1 23	0.3x	13.6x
Q2 23	0.2x	9.9x
Q3 23	0.2x	—
Q4 23	0.1x	—
Q1 24	0.1x	—
Q2 24	0.1x	—
Q3 24	0.1x	—
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.0x	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$6M	-$7M
Q2 22	-$430.0K	-$3M
Q3 22	$15M	$10M
Q4 22	$8M	-$11M
Q1 23	$4M	-$2M
Q2 23	$27M	$21M
Q3 23	-$10M	-$14M
Q4 23	$24M	$16M
Q1 24	-$9M	-$14M
Q2 24	$13M	$10M
Q3 24	-$6M	-$9M
Q4 24	$15M	$12M
Q1 25	-$5M	-$9M
Q2 25	$10M	$4M
Q3 25	-$10M	-$13M
Q4 25	-$2M	-$5M

Capital Expenditures

Quarter	CapEx
Q1 22	$876.0K
Q2 22	$3M
Q3 22	$5M
Q4 22	$19M
Q1 23	$6M
Q2 23	$6M
Q3 23	$4M
Q4 23	$9M
Q1 24	$5M
Q2 24	$3M
Q3 24	$3M
Q4 24	$3M
Q1 25	$4M
Q2 25	$6M
Q3 25	$3M
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+75.5%	+38.0%
Q2 22	+67.8%	+34.1%
Q3 22	+80.3%	+46.3%
Q4 22	+58.6%	+32.8%
Q1 23	+39.7%	+35.1%
Q2 23	+13.4%	+11.9%
Q3 23	-16.0%	-4.2%
Q4 23	-13.6%	-5.6%
Q1 24	-13.0%	-12.0%
Q2 24	-18.0%	-12.0%
Q3 24	-1.7%	-4.0%
Q4 24	-1.8%	-2.8%
Q1 25	+5.9%	+5.2%
Q2 25	+11.2%	+7.3%
Q3 25	-4.4%	-1.9%
Q4 25	-403.9%	-407.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$927.0K	0.8%
Q2 22	$495.0K	0.3%
Q3 22	$521.0K	0.3%
Q4 22	$497.0K	0.3%
Q1 23	$489.0K	0.3%
Q2 23	$522.0K	0.3%
Q3 23	$580.0K	0.4%
Q4 23	$578.0K	0.4%
Q1 24	$581.0K	0.4%
Q2 24	$807.0K	0.6%
Q3 24	$837.0K	0.6%
Q4 24	$721.0K	0.5%
Q1 25	$750.0K	0.5%
Q2 25	$539.0K	0.4%
Q3 25	$467.0K	0.4%
Q4 25	$455.0K	—

OpEx Breakdown

Quarter	G&A
Q1 22	$12M
Q2 22	$12M
Q3 22	$13M
Q4 22	$14M
Q1 23	$20M
Q2 23	$14M
Q3 23	$13M
Q4 23	$13M
Q1 24	$12M
Q2 24	$12M
Q3 24	$12M
Q4 24	$14M
Q1 25	$13M
Q2 25	$14M
Q3 25	$13M
Q4 25	$20M

Revenue Segments

Quarter	Cement	Coiled Tubing	Tools	Wireline
Q1 22	$45M	$22M	$29M	$21M
Q2 22	$55M	$28M	$33M	$26M
Q3 22	$64M	$33M	$41M	$29M
Q4 22	$65M	$36M	$35M	$30M
Q1 23	$62M	$34M	$38M	$30M
Q2 23	$58M	$33M	$39M	$31M
Q3 23	$52M	$28M	$33M	$28M
Q4 23	$52M	$28M	$36M	$28M
Q1 24	$48M	$31M	$35M	$28M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$20M	$0	$20M
Q2 22	$22M	$0	$22M
Q3 22	$21M	$0	$21M
Q4 22	$17M	$0	$17M
Q1 23	$21M	$0	$21M
Q2 23	$41M	$0	$41M
Q3 23	$12M	$0	$12M
Q4 23	$31M	$0	$31M
Q1 24	$10M	$0	$10M
Q2 24	$26M	$0	$26M
Q3 24	$16M	$0	$16M
Q4 24	$28M	$0	$28M
Q1 25	$17M	$0	$17M
Q2 25	$18M	$0	$18M
Q3 25	$14M	$0	$14M
Q4 25	$18M	$0	$18M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	30M	+0.1%	+2.1%
Q2 22	31M	+1.1%	+1.3%
Q3 22	32M	+3.6%	+4.9%
Q4 22	33M	+2.7%	+7.7%
Q1 23	32M	-1.5%	+5.9%
Q2 23	33M	+3.1%	+8.0%
Q3 23	34M	+1.1%	+5.4%
Q4 23	34M	+0.6%	+3.2%
Q1 24	34M	0.0%	+4.8%
Q2 24	35M	+4.8%	+6.6%
Q3 24	39M	+10.5%	+16.5%
Q4 24	40M	+2.3%	+18.5%
Q1 25	40M	+0.1%	+18.7%
Q2 25	41M	+1.8%	+15.2%
Q3 25	41M	+1.0%	+5.3%
Q4 25	41M	-0.9%	+2.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$123.9K	944
Q2 22	$150.8K	944
Q3 22	$177.4K	944
Q4 22	$137.5K	1K
Q1 23	$134.8K	1K
Q2 23	$133.2K	1K
Q3 23	$116.0K	1K
Q4 23	$124.5K	1K
Q1 24	$122.8K	1K
Q2 24	$114.4K	1K
Q3 24	$119.4K	1K
Q4 24	$131.3K	1K
Q1 25	$139.7K	1K
Q2 25	$136.7K	1K
Q3 25	$122.6K	1K
Q4 25	-$400.9K	1K

Revenue / Employee