Nine Energy Service, Inc.

For the period ended Mar 31, 2026. Filed May 13, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 13, 2026

NINE$7.26+8.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(In thousands)

Successor · Predecessor
	Period from March 6, 2026 through March 31, 2026	Period from January 1, 2026 through March 5, 2026	Three Months Ended March 31, 2025
Cash flows from operating activities
Net income (loss)	$(1,253)	$107,879	$(7,061)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation	2,205	3,963	5,837
Amortization of intangibles	68	1,984	2,796
Amortization of operating leases	1,048	2,930	3,418
Amortization of deferred financing costs and non-cash interest	134	2,421	2,087
Provision for (recovery of) doubtful accounts	—	82	34
Provision for inventory obsolescence	—	2,462	611
Stock-based compensation expense	—	1,890	750
Loss (gain) on sale of property and equipment	(37)	(147)	446
Loss on revaluation of contingent liability	—	—	25
Non-cash reorganization items, net	—	(139,231)	—
Changes in operating assets and liabilities
Accounts receivable, net	(9,163)	(3,211)	(13,967)
Inventories, net	(183)	2,059	(928)
Prepaid expenses and other current assets	17	1,658	(448)
Accounts payable and accrued expenses	5,176	8,883	4,699
Income taxes receivable/payable	(91)	109	98
Operating lease obligations	(296)	(3,674)	(3,372)
Other assets and liabilities	(41)	(8)	(302)
Net cash used in operating activities	(2,416)	(9,951)	(5,277)
Cash flows from investing activities
Proceeds from sales of property and equipment	15	286	—
Proceeds from property and equipment casualty losses	25	628	—
Purchases of property and equipment	(3,482)	(2,950)	(3,981)
Net cash used in investing activities	(3,442)	(2,036)	(3,981)
Cash flows from financing activities
Proceeds from revolving credit facilities	—	—	4,000
Payments on revolving credit facilities	—	—	(4,000)
Proceeds from Prepetition ABL Facility	—	3,000	—
Payments of Prepetition ABL Facility	—	(67,349)	—
Proceeds from DIP ABL Facility	—	79,495	—
Payments of DIP ABL Facility	—	(82,568)	—
Proceeds from Exit ABL Facility	—	89,479	—
Payments of short-term debt	(782)	(1,550)	(1,320)
Principal payments on finance leases	(5)	(11)	(13)
Payments of contingent liability	—	—	(223)
Net cash provided by (used in) financing activities	(787)	20,496	(1,556)
Impact of foreign currency exchange on cash	70	89	209

Successor · Predecessor
	Period from March 6, 2026 through March 31, 2026	Period from January 1, 2026 through March 5, 2026	Three Months Ended March 31, 2025
Net increase (decrease) in cash, cash equivalents, and restricted cash	(6,575)	8,598	(10,605)
Cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash at beginning of period	$28,440	$19,842	$27,880
Cash, cash equivalents, and restricted cash at end of period	$21,865	$28,440	$17,275
Supplemental disclosures of cash flow information:
Cash paid for interest	$29	$72	$20,641
Cash paid for income taxes	$—	$—	$3
Right of use assets obtained in exchange for operating lease obligations	$2,111	$589	$2,611
Supplemental schedule of non-cash investing and financing activities:
Right of use assets obtained in exchange for finance lease obligations	$—	$60	$26
Capital expenditures in accounts payable and accrued expenses	$1,788	$1,547	$1,218

ContentsView on SEC.gov

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