Nine Energy Service, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenues $543.7m $827.2m $832.9m $310.9m $349.4m $593.4m $609.5m $554.1m $561.9m
Cost of revenues (exclusive of depreciation and amortization shown separately below) $448.5m $639.3m $670.0m $253.2m $308.0m $457.1m $490.8m $456.7m $467.4m
Income from operations ($57.0m) ($28.3m) ($182.7m) ($383.2m) ($50.0m) $43.6m $17.6m $8.9m $2.3m
Depreciation $53.4m $54.3m $50.5m $32.4m $28.9m $26.8m $29.1m $25.6m $23.2m
Amortization of intangibles $8.8m $9.6m $18.4m $16.5m $16.1m $13.5m $11.5m $11.2m $11.2m
Loss on revaluation of contingent liability $415k $3.3m ($21.2m) $276k $460k $454k $437k $104k $217k
Loss (gain) on sale of property and equipment $4.7m ($1.7m) ($538k) ($2.9m) $660k $367k $292k $256k ($2.1m)
Interest income ($549k) ($624k) ($860k) ($615k) ($26k) ($305k) ($1.3m) ($849k) ($683k)
Other income $0 ($62k) ($298k) ($709k) ($648k) ($648k) ($684k)
Loss before income taxes ($72.7m) ($50.6m) ($221.6m) ($381.4m) ($64.6m) $14.9m ($31.6m) ($40.9m) ($51.5m)
Provision (benefit) for income taxes ($5.0m) $2.4m ($3.9m) ($2.5m) ($25k) $546k $585k $198k ($171k)
Net loss ($67.7m) ($53.0m) ($217.8m) ($378.9m) ($64.6m) $14.4m ($32.2m) ($41.1m) ($51.3m)
Foreign currency translation adjustments, net of $0 tax in each period ($198k) ($1.2m) $376k ($34k) ($34k) ($293k) ($31k) ($547k) $219k
Total other comprehensive income (loss), net of tax ($198k) ($1.2m) $376k ($34k) ($34k) ($293k) ($31k) ($547k) $219k
Total comprehensive loss ($67.9m) ($54.1m) ($217.4m) ($379.0m) ($64.6m) $14.1m ($32.2m) ($41.6m) ($51.1m)
Basic (in dollars per share) ($4.55) ($2.17) ($7.43) ($12.74) ($2.13) $0.47 ($0.97) ($1.11) ($1.25)
Diluted (in dollars per share) ($4.55) ($2.17) ($7.43) ($12.74) ($2.13) $0.45 ($0.97) ($1.11) ($1.25)
General and administrative expenses $49.5m $73.1m $81.3m $49.3m $45.3m $51.7m $59.8m $51.3m $59.7m
Interest expense $16.3m $22.9m $39.8m $36.8m $32.5m $32.5m $51.1m $51.3m $55.2m