← Nine Energy Service, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $63.6m | $93.0m | $68.9m | $21.5m | $17.4m | $30.8m | $27.9m | $18.4m | |
| Accounts receivable, net | $154.8m | $96.9m | $41.2m | $64.0m | $105.3m | $88.4m | $81.2m | $76.0m | |
| Income taxes receivable | $0 | $660k | $1.4m | $1.4m | $741k | $490k | $284k | $0 | |
| Inventories, net | $91.4m | $60.9m | $38.4m | $42.2m | $62.0m | $54.5m | $50.8m | $56.6m | |
| Prepaid expenses | — | — | — | — | — | $8.9m | $10.0m | $13.5m | |
| Other current assets | — | — | — | — | — | $499k | $380k | $2.9m | |
| Total current assets | $333.2m | $268.9m | $166.2m | $139.3m | $196.7m | $183.6m | $170.5m | $168.8m | |
| Property and equipment, net | $211.6m | $128.6m | $102.4m | $87.0m | $89.7m | $82.4m | $70.5m | $64.3m | |
| Intangible assets, net | — | $149.0m | $132.5m | $116.4m | $101.9m | $90.4m | $79.2m | $68.1m | |
| Operating lease right of use assets, net | — | — | $36.4m | $35.1m | $36.3m | $42.1m | $37.3m | $34.1m | |
| Finance lease right of use assets, net | — | — | $1.8m | $1.4m | $547k | $51k | $29k | $16k | |
| Other long-term assets | $6.4m | $8.2m | $3.3m | $2.4m | $1.6m | $3.4m | $2.6m | $4.2m | |
| Restricted cash | — | — | — | — | — | — | $0 | $1.4m | |
| Income taxes payable | $57k | $0 | — | — | — | — | $0 | $356k | |
| Current portion of operating lease obligations | — | $0 | $6.2m | $6.1m | $8.0m | $10.3m | $11.2m | $13.4m | |
| Current portion of finance lease obligations | — | $995k | $1.1m | $1.1m | $178k | $31k | $21k | $6k | |
| Long-term operating lease obligations | $2.3m | $2.2m | $32.3m | $30.4m | $29.4m | $32.6m | $26.7m | $21.4m | |
| Total stockholders’ equity (deficit) | $594.8m | $389.9m | $20.4m | ($39.3m) | ($23.5m) | ($35.6m) | ($66.1m) | ($115.0m) | |
| Total assets | $1.1b | $850.9m | $442.6m | $381.6m | $426.8m | $402.0m | $360.1m | $339.5m | |
| Total liabilities and stockholders’ equity (deficit) | $1.1b | $850.9m | $442.6m | $381.6m | $426.8m | $402.0m | $360.1m | $339.5m | |
| Accounts payable | $46.1m | $35.5m | $18.1m | $28.7m | $42.2m | $33.4m | $36.1m | $43.6m | |
| Accrued expenses | $61.4m | $24.7m | $17.1m | $18.5m | $28.4m | $36.2m | $30.7m | $27.8m | |
| Current portion of long-term debt | $0 | $0 | $844k | $2.1m | $2.3m | $2.9m | $3.6m | $6.3m | |
| Total current liabilities | $108.3m | $61.2m | $43.4m | $56.5m | $81.0m | $82.8m | $81.5m | $91.4m | |
| Long-term debt | $425.0m | $392.1m | $342.7m | $332.3m | $338.0m | $320.5m | $317.3m | $341.6m | |
| Other long-term liabilities | $4.8m | $4.0m | $2.7m | $1.6m | $1.9m | $1.7m | $621k | $87k | |
| Total liabilities | $546.3m | $461.0m | $422.2m | $420.9m | $450.3m | $437.6m | $426.1m | $454.4m | |
| Common stock (120,000,000 shares authorized at $0.01 par value; 43,326,339 and 42,348,643 shares issued and outstanding at December 31, 2025 and 2024 respectively) | 302k | 306k | 316k | 328k | 332k | 353k | 423k | 433k | |
| Additional paid-in capital | $746.4m | $758.9m | $768.4m | $773.4m | $775.0m | $795.1m | $806.2m | $808.4m | |
| Accumulated other comprehensive loss | ($4.8m) | ($4.5m) | ($4.5m) | ($4.5m) | ($4.8m) | ($4.9m) | ($5.4m) | ($5.2m) | |
| Accumulated deficit | ($147.1m) | ($364.8m) | ($743.8m) | ($808.4m) | ($794.0m) | ($826.2m) | ($867.3m) | ($918.6m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.