← Nine Energy Service, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | $543.7m |
$827.2m
+52.15%
|
$832.9m
+0.70%
|
$310.9m
-62.68%
|
$349.4m
+12.41%
|
$593.4m
+69.82%
|
$609.5m
+2.72%
|
$554.1m
-9.09%
|
$561.9m
+1.41%
|
$577.3m
+2.74%
|
|
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | $448.5m |
$639.3m
+42.55%
|
$670.0m
+4.80%
|
$302.2m
-54.90%
|
$308.0m
+1.93%
|
$457.1m
+48.41%
|
$490.8m
+7.36%
|
$456.7m
-6.93%
|
$467.4m
+2.33%
|
$507.7m
+8.62%
|
|
| Gross Profit | $95.2m |
$187.9m
+97.36%
|
$163.0m
-13.26%
|
$8.7m
-94.66%
|
$41.4m
+376.50%
|
$136.3m
+228.99%
|
$118.8m
-12.85%
|
$97.4m
-18.02%
|
$94.6m
-2.90%
|
$69.6m
-26.34%
|
|
| General and administrative expenses | $49.5m | $73.1m | $81.3m | $49.3m | $45.3m | $51.7m | $59.8m | $51.3m | $59.7m | $53.7m | |
| Amortization of intangibles | $8.8m | $9.6m | $18.4m | $16.5m | $16.1m | $13.5m | $11.5m | $11.2m | $11.2m | — | |
| Income from operations | ($57.0m) |
($28.3m)
+50.33%
|
($182.7m)
-545.84%
|
($383.2m)
-109.69%
|
($50.0m)
+86.95%
|
$43.6m
+187.11%
|
$17.6m
-59.67%
|
$8.9m
-49.13%
|
$2.3m
-73.74%
|
$16.0m
+579.47%
|
|
| Interest expense | $16.3m | $22.9m | $39.8m | $36.8m | $32.5m | $32.5m | $51.1m | $51.3m | $55.2m | $53.4m | |
| Interest income | ($549k) | ($624k) | ($860k) | ($615k) | ($26k) | ($305k) | ($1.3m) | ($849k) | ($683k) | $843k | |
| 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) | — | |
| 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) | — | |
| Depreciation | $53.4m | $54.3m | $50.5m | $32.4m | $28.9m | $26.8m | $29.1m | $25.6m | $23.2m | — | |
| 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) | — | |
| 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) | — |