Nine Energy Service Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	561.91	554.1	609.53	593.38	349.42
Revenue Growth (YoY)	1.41%	-9.09%	2.72%	69.82%	12.41%
Cost of Revenue	467.36	456.73	490.75	457.09	307.99
Gross Profit	94.55	97.38	118.78	136.29	41.43
Selling, General & Admin	59.75	51.3	59.82	51.65	45.3
Amortization of Goodwill & Intangibles	11.18	11.18	11.52	13.46	16.12
Operating Expenses	94.14	88.08	100.47	91.9	90.32
Operating Income	0.42	9.3	18.3	44.39	-48.9
Interest Expense	-55.21	-51.32	-51.12	-32.49	-32.53
Interest & Investment Income	0.68	0.85	1.27	0.31	0.03
Other Non Operating Income (Expenses)	0.68	0.65	0.65	0.71	0.3
EBT Excluding Unusual Items	-53.43	-40.52	-30.9	12.92	-81.1
Gain (Loss) on Sale of Assets	2.15	-0.26	-0.29	-0.37	-0.66
Other Unusual Items	-0.22	-0.1	-0.44	2.39	17.16
Pretax Income	-51.49	-40.88	-31.63	14.94	-64.6
Income Tax Expense	-0.17	0.2	0.59	0.55	-0.03
Earnings From Continuing Operations	-51.32	-41.08	-32.21	14.39	-64.58
Net Income	-51.32	-41.08	-32.21	14.39	-64.58
Net Income to Common	-51.32	-41.08	-32.21	14.39	-64.58
Shares Outstanding (Basic)	41	37	33	31	30
Shares Outstanding (Diluted)	41	37	33	32	30
Shares Change (YoY)	10.08%	11.69%	3.20%	6.43%	1.88%
EPS (Basic)	-1.25	-1.11	-0.97	0.47	-2.13
EPS (Diluted)	-1.25	-1.11	-0.97	0.45	-2.13
Free Cash Flow	-23.25	-1.57	20.91	-11.88	-55.83
Free Cash Flow Per Share	-0.57	-0.04	0.63	-0.37	-1.84
Gross Margin	16.83%	17.57%	19.49%	22.97%	11.86%
Operating Margin	0.07%	1.68%	3.00%	7.48%	-13.99%
Profit Margin	-9.13%	-7.41%	-5.29%	2.43%	-18.48%
Free Cash Flow Margin	-4.14%	-0.28%	3.43%	-2.00%	-15.98%
EBITDA	34.8	46.08	58.96	84.64	-3.87
EBITDA Margin	6.19%	8.32%	9.67%	14.26%	-1.11%
D&A For EBITDA	34.39	36.78	40.66	40.25	45.02
EBIT	0.42	9.3	18.3	44.39	-48.9
EBIT Margin	0.07%	1.68%	3.00%	7.48%	-13.99%
Effective Tax Rate	-	-	-	3.65%	-
Revenue as Reported	561.91	554.1	609.53	593.38	349.42

Source: S&P Global Market Intelligence. Standard template. Financial Sources.