Nine Energy Service, Inc.
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 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 Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(32,099) | $(32,239) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation | 17,392 | 19,562 |
| Amortization of intangibles | 8,387 | 8,388 |
| Amortization of operating leases | 11,105 | 9,948 |
| Amortization of deferred financing costs and non-cash interest | 10,221 | 5,592 |
| Provision for doubtful accounts | 51 | 457 |
| Provision for inventory obsolescence | 1,370 | 987 |
| Stock-based compensation expense | 1,756 | 2,225 |
| Loss on sale of property and equipment | 427 | 485 |
| Loss on revaluation of contingent liability | 169 | 191 |
| Changes in operating assets and liabilities | ||
| Accounts receivable, net | (292) | 8,251 |
| Inventories, net | (7,161) | (2,396) |
| Prepaid expenses and other current assets | 2,205 | 3,585 |
| Accounts payable and accrued expenses | (6,891) | (15,961) |
| Income taxes receivable/payable | 449 | (124) |
| Operating lease obligations | (11,026) | (9,813) |
| Other assets and liabilities | (1,196) | (931) |
| Net cash used in operating activities | (5,133) | (1,793) |
| Cash flows from investing activities | ||
| Proceeds from sales of property and equipment | 162 | 352 |
| Purchases of property and equipment | (13,324) | (11,528) |
| Net cash used in investing activities | (13,162) | (11,176) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock under ATM program | — | 8,249 |
| Proceeds from revolving credit facilities | 65,946 | 3,000 |
| Payments on revolving credit facilities | (51,000) | (10,000) |
| Payments of short-term debt | (3,580) | (2,859) |
| Cost of debt issuance | (4,558) | — |
| Principal payments on finance leases | (26) | (40) |
| Payments of contingent liability | (223) | (466) |
| Net cash provided by (used in) financing activities | 6,559 | (2,116) |
| Impact of foreign currency exchange on cash | 331 | (103) |
| Net decrease in cash and cash equivalents | (11,405) | (15,188) |
| Cash, cash equivalents, and restricted cash | ||
| Cash, cash equivalents, and restricted cash at beginning of period | $27,880 | $30,840 |
| Cash, cash equivalents, and restricted cash at end of period | $16,475 | $15,652 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $41,609 | $42,681 |
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash paid (refunded) for income taxes | $(777) | $487 |
| Right of use assets obtained in exchange for operating lease obligations | $8,030 | $3,199 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Right of use assets obtained in exchange for finance lease obligations | $26 | $26 |
| Capital expenditures in accounts payable and accrued expenses | $1,402 | $1,229 |
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