Nine Energy Service, Inc. (NINE) Income Statement
NINE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNINE revenue and net income
Where NINE's revenue goes
2025Each bar shows an amount and its share of revenue. NINE kept −9.1% of revenue as net income.
NINE profit margins
NINE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.4% | −1.8% | +12.6% | +1.6% |
| Gross profit | −0.7% | −14.4% | — | +4.8% |
| Operating income | −95.3% | −78.8% | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NINE quarterly EPS vs estimates
Nine Energy Service beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 9, 2026 (estimate $-0.41).
NINE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $561.9M | $554.1M | $609.5M | $593.4M | $349.4M | $310.9M | $832.9M | $827.2M | $543.7M | $282.4M |
| Cost of revenue | $501.7M | $493.5M | $531.4M | $497.3M | $353.0M | $351.1M | $738.9M | $703.1M | $510.7M | $310.5M |
| Gross profit | $60.2M | $60.6M | $78.1M | $96.0M | −$3.6M | −$40.2M | $94.0M | $124.1M | $33.0M | −$28.1M |
| Research & development | — | — | — | — | — | — | — | $1.7M | — | — |
| Sales, general & admin | $59.7M | $51.3M | $59.8M | $51.7M | $45.3M | $49.3M | $81.3M | $76.0M | $49.6M | $39.4M |
| Total operating expenses | $59.7M | $51.7M | $60.5M | $52.5M | $46.4M | $343.0M | $276.8M | $76.0M | $49.6M | $39.4M |
| Operating income | $416,000 | $8.9M | $17.6M | $43.6M | −$50.0M | −$383.2M | −$182.7M | −$28.3M | −$57.0M | −$83.0M |
| Interest income | $683,000 | $849,000 | $1.1M | $305,000 | $26,000 | $615,000 | $860,000 | $22.3M | $15.7M | $14.2M |
| Interest expense | $55.2M | $51.3M | $51.1M | $32.5M | $32.5M | $36.8M | $39.8M | $22.3M | $15.7M | $14.2M |
| Income before taxes | −$51.5M | −$40.9M | −$31.6M | $14.9M | −$64.6M | −$381.4M | −$221.6M | −$50.6M | −$72.7M | −$97.2M |
| Income taxes | −$171,000 | $198,000 | $585,000 | $546,000 | −$25,000 | −$2.5M | −$3.9M | $2.4M | −$5.0M | −$26.3M |
| Net income | −$51.3M | −$41.1M | −$32.2M | $14.4M | −$64.6M | −$378.9M | −$217.8M | −$53.0M | −$67.7M | −$70.9M |
| EBITDA | $53.3M | $60.5M | $72.7M | $96.3M | $21.0M | −$286.9M | −$113.0M | $26.7M | $5.3M | −$18.7M |
| EPS (diluted) | −$0.77 | −$1.08 | −$0.92 | $0.43 | −$2.66 | −$3.97 | $0.41 | $1.78 | −$1.04 | −$3.30 |
| Gross margin | 10.7% | 10.9% | 12.8% | 16.2% | −1.0% | −12.9% | 11.3% | 15.0% | 6.1% | −10.0% |
| Operating margin | 0.1% | 1.6% | 2.9% | 7.3% | −14.3% | −123.3% | −21.9% | −3.4% | −10.5% | −29.4% |
| Net margin | −9.1% | −7.4% | −5.3% | 2.4% | −18.5% | −121.9% | −26.1% | −6.4% | −12.4% | −25.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $141.8M | $130.0M | $132.2M | $132.0M | $147.3M | $150.5M | $141.4M | $138.2M | $132.4M | $142.1M | $144.1M | $140.6M |
| Cost of revenue | $121.9M | $124.4M | $120.3M | $120.3M | $130.0M | $131.1M | $124.1M | $122.5M | $121.4M | $125.5M | $128.3M | $127.9M |
| Gross profit | $19.9M | $5.6M | $11.8M | $11.7M | $17.2M | $19.4M | $17.4M | $15.7M | $11.0M | $16.6M | $15.7M | $12.8M |
| Sales, general & admin | $15.6M | — | $19.9M | $12.8M | $13.9M | $13.3M | $14.2M | $12.4M | $12.5M | $12.3M | $13.6M | $13.1M |
| Total operating expenses | $22.8M | $11.7M | $19.9M | $12.8M | $13.9M | $13.7M | $13.9M | $13.2M | $12.4M | $12.2M | $13.5M | $13.6M |
| Operating income | −$2.9M | −$6.1M | −$8.0M | −$1.0M | $3.3M | $5.6M | $3.5M | $2.5M | −$1.4M | $4.4M | $2.2M | −$813,000 |
| Interest income | $100,000 | — | $111,000 | $114,000 | $319,000 | $139,000 | $189,000 | $196,000 | $154,000 | $310,000 | $324,000 | $462,000 |
| Interest expense | $1.9M | $5.8M | $13.9M | $13.7M | $14.7M | $12.9M | $12.9M | $12.9M | $12.8M | $12.8M | $12.8M | $12.9M |
| Income before taxes | −$4.5M | $106.6M | −$19.1M | −$14.6M | −$10.8M | −$6.9M | −$9.0M | −$10.1M | −$13.9M | −$7.9M | −$10.1M | −$13.0M |
| Income taxes | $384,000 | $18,000 | $115,000 | $53,000 | −$454,000 | $115,000 | −$168,000 | $73,000 | $139,000 | $154,000 | $171,000 | $215,000 |
| Net income | −$4.9M | $106.6M | −$19.2M | −$14.6M | −$10.4M | −$7.1M | −$8.8M | −$10.1M | −$14.0M | −$8.1M | −$10.3M | −$13.3M |
| EBITDA | $8.2M | $124.6M | $7.5M | $11.6M | $16.2M | $18.0M | $16.0M | $15.1M | $11.6M | $17.7M | $16.0M | $13.3M |
| EPS (diluted) | −$0.04 | $7.64 | $0.00 | −$0.35 | −$0.25 | −$0.16 | −$0.22 | −$0.23 | −$0.39 | −$0.24 | −$0.28 | −$0.37 |
| Gross margin | 14.1% | 4.3% | 9.0% | 8.9% | 11.7% | 12.9% | 12.3% | 11.4% | 8.3% | 11.7% | 10.9% | 9.1% |
| Operating margin | −2.0% | −4.7% | −6.1% | −0.8% | 2.3% | 3.7% | 2.5% | 1.8% | −1.1% | 3.1% | 1.5% | −0.6% |
| Net margin | −3.4% | 82.0% | −14.5% | −11.1% | −7.1% | −4.7% | −6.3% | −7.3% | −10.6% | −5.7% | −7.2% | −9.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NINE's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NINE financial results
In fiscal year 2025 (ended December 31, 2025), Nine Energy Service reported revenue of $561.9 million, up 1.4% from the year before. It had a net loss of $51.3 million, a net profit margin of −9.1%. Diluted earnings per share came to −$0.77. Over five years revenue grew at an average rate of 12.6% a year.
See the NINE stock overview for the latest quote and news, or the NINE chart for price history and technical indicators.
NINE income statement FAQ
What is Nine Energy Service's annual revenue?
Nine Energy Service reported total revenue of $561.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 1.4% from $554.1 million the previous year.
Is Nine Energy Service profitable?
No. Nine Energy Service reported a net loss of $51.3 million in fiscal 2025, a net profit margin of −9.1%; its operating margin was 0.1%.
What is Nine Energy Service's gross margin?
Nine Energy Service's gross margin was 10.7% in fiscal 2025: for every $100 of revenue, Nine Energy Service kept $11 after the direct cost of its products and services.
How fast is Nine Energy Service growing?
Revenue grew 12.6% a year on average over the last five fiscal years, from $310.9 million to $561.9 million.
What are Nine Energy Service's earnings per share?
Nine Energy Service earned $-0.77 per diluted share in fiscal 2025, compared with $-1.08 a year earlier.
When will Nine Energy Service report its next earnings?
Nine Energy Service is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Nine Energy Service's fiscal year end?
Nine Energy Service's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.