Nine Energy Service, Inc.

For the period ended Jun 30, 2026. Filed Aug 5, 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.

Jun 30, 2026 · Filed Aug 5, 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 June 30, 2026	Period from January 1, 2026 through March 5, 2026	Six Months Ended June 30, 2025
Cash flows from operating activities
Net income (loss)	$(6,143)	$107,879	$(17,452)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation	9,243	3,963	11,633
Amortization of intangibles	273	1,984	5,592
Amortization of operating leases	4,666	2,930	7,135
Amortization of deferred financing costs and non-cash interest	2,039	2,421	6,322
Provision for doubtful accounts	4	82	51
Provision for inventory obsolescence	203	2,462	1,135
Stock-based compensation expense	573	1,890	1,289
Loss (gain) on sale of property and equipment	(60)	(147)	366
Loss on revaluation of contingent liability	—	—	73
Non-cash reorganization items, net	—	(139,231)	—
Changes in operating assets and liabilities
Accounts receivable, net	(12,506)	(3,211)	(12,834)
Inventories, net	1,371	2,059	(4,340)
Prepaid expenses and other current assets	1,505	1,658	592
Accounts payable and accrued expenses	(2,250)	8,883	12,633
Income taxes receivable/payable	(78)	109	417
Operating lease obligations	(3,902)	(3,674)	(7,068)
Other assets and liabilities	350	(8)	(733)
Net cash provided by (used in) operating activities	(4,712)	(9,951)	4,811
Cash flows from investing activities
Proceeds from sales of property and equipment	197	286	107
Proceeds from property and equipment casualty losses	25	628	—
Purchases of property and equipment	(7,539)	(2,950)	(9,853)
Net cash used in investing activities	(7,317)	(2,036)	(9,746)
Cash flows from financing activities
Proceeds from revolving credit facilities	—	—	52,946
Payments on revolving credit facilities	—	—	(51,000)
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	5,000	89,479	—
Cost of debt issuance	—	—	(4,507)
Payments of short-term debt	(3,154)	(1,550)	(2,667)
Principal payments on finance leases	(18)	(11)	(20)
Payments of contingent liability	—	—	(223)
Net cash provided by (used in) financing activities	1,828	20,496	(5,471)

Successor · Predecessor
	Period from March 6, 2026 through June 30, 2026	Period from January 1, 2026 through March 5, 2026	Six Months Ended June 30, 2025
Impact of foreign currency exchange on cash	10	89	281
Net increase (decrease) in cash, cash equivalents, and restricted cash	(10,191)	8,598	(10,125)
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	$18,249	$28,440	$17,755
Supplemental disclosures of cash flow information:
Cash paid for interest	$88	$72	$21,589
Cash paid (refunded) for income taxes	$370	$—	$(777)
Right-of-use assets obtained in exchange for operating lease obligations	$3,154	$589	$6,540
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	$2,473	$1,547	$1,373

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.