Q - Nine Energy Service,
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
NINE$7.26+8.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| June 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $14,216 | $27,880 |
| Restricted cash | 3,539 | — |
| Accounts receivable, net | 93,992 | 81,157 |
| Income taxes receivable | — | 284 |
| Inventories, net | 54,209 | 50,781 |
| Prepaid expenses | 8,409 | 9,982 |
| Other current assets | 1,366 | 380 |
| Total current assets | 175,731 | 170,464 |
| Property and equipment, net | 68,794 | 70,518 |
| Operating lease right of use assets, net | 37,862 | 37,252 |
| Finance lease right of use assets, net | 22 | 29 |
| Intangible assets, net | 73,654 | 79,246 |
| Other long-term assets | 5,102 | 2,567 |
| Total assets | $361,165 | $360,076 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities | ||
| Accounts payable | $44,145 | $36,052 |
| Accrued expenses | 35,648 | 30,676 |
| Income taxes payable | 136 | — |
| Current portion of long-term debt | 913 | 3,580 |
| Current portion of operating lease obligations | 13,069 | 11,216 |
| Current portion of finance lease obligations | 19 | 21 |
| Total current liabilities | 93,930 | 81,545 |
| Long-term liabilities | ||
| Long-term debt | 323,454 | 317,264 |
| Long-term operating lease obligations | 25,426 | 26,710 |
| Other long-term liabilities | 92 | 621 |
| Total liabilities | 442,902 | 426,140 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity (deficit) | ||
| Common stock (120,000,000 shares authorized at $0.01 par value; 43,370,187 and 42,348,643 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively) | 434 | 423 |
| Additional paid-in capital | 807,509 | 806,231 |
| Accumulated other comprehensive loss | (4,916) | (5,406) |
| Accumulated deficit | (884,764) | (867,312) |
| Total stockholders’ equity (deficit) | (81,737) | (66,064) |
| Total liabilities and stockholders’ equity (deficit) | $361,165 | $360,076 |
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