NESR Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,426	1,324	1,302	1,146	909.52	876.73
Revenue Growth (YoY)	8.99%	1.72%	13.59%	25.99%	3.74%	5.10%
Cost of Revenue	1,246	1,159	1,093	997.27	844.04	873.95
Gross Profit	179.11	164.73	208.67	148.65	65.48	2.78
Selling, General & Admin	46.92	47.64	52.2	49.17	47.53	28.07
Depreciation & Amortization Expenses	18.77	18.77	18.77	18.77	18.87	18.04
Total Operating Expenses	65.69	66.41	70.97	67.95	66.4	46.11
Operating Income	113.41	98.32	137.7	80.7	-0.92	-43.33
Interest Expense	-30.77	-32.51	-39.88	-45.83	-34.13	-15.17
Other Non-Operating Income (Expense)	-5.02	-5.41	-2.33	-5.03	5.24	-2.07
Total Non-Operating Income (Expense)	-35.79	-37.92	-42.21	-50.86	-28.88	-17.25
Pretax Income	77.62	60.4	95.5	29.85	-29.8	-60.58
Provision for Income Taxes	13.06	9.27	19.19	17.27	6.62	3.99
Net Income	64.57	51.13	76.31	12.58	-36.42	-64.57
Net Income to Common	64.57	51.13	76.31	12.58	-36.42	-64.57
Net Income Growth	-15.84%	-32.99%	506.60%	-	-	-
Shares Outstanding (Basic)	100	98	95	95	93	91
Shares Outstanding (Diluted)	101	99	96	95	93	91
Shares Change (YoY)	5.01%	3.52%	1.04%	1.92%	2.11%	2.16%
EPS (Basic)	0.66	0.52	0.80	0.13	-0.39	-0.71
EPS (Diluted)	0.65	0.52	0.80	0.13	-0.39	-0.71
EPS Growth	-19.75%	-35.00%	515.38%	-	-	-
Shares Outstanding	100.85	100.79	96.05	95	94.01	91.37
Free Cash Flow	125.17	120.79	124.22	108.77	-29.84	20.67
Free Cash Flow Growth	3.63%	-2.77%	14.21%	-	-	-60.12%
Free Cash Flow Per Share	1.24	1.22	1.30	1.15	-0.32	0.23
Gross Margin	12.56%	12.44%	16.03%	12.97%	7.20%	0.32%
Operating Margin	7.96%	7.43%	10.58%	7.04%	-0.10%	-4.94%
Profit Margin	4.53%	3.86%	5.86%	1.10%	-4.00%	-7.36%
FCF Margin	8.78%	9.12%	9.54%	9.49%	-3.28%	2.36%
EBITDA	252.89	240.05	280.49	222.93	114.93	78.79
EBITDA Margin	17.74%	18.13%	21.55%	19.45%	12.64%	8.99%
EBIT	113.41	98.32	137.7	80.7	-0.92	-43.33
EBIT Margin	7.96%	7.43%	10.58%	7.04%	-0.10%	-4.94%
Effective Tax Rate	16.82%	15.34%	20.09%	57.85%	-22.21%	-6.58%

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q