Nine Energy Service, Inc.NINEEarnings & Financial Report
Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
Revenue
$147.3M
Gross Profit
N/A
Operating Profit
$3.4M
Net Profit
$-10.4M
Gross Margin
N/A
Operating Margin
2.3%
Net Margin
-7.1%
YoY Growth
11.2%
EPS
$-0.25
Nine Energy Service, Inc. Q2 FY2025 Financial Summary
Nine Energy Service, Inc. reported revenue of $147.3M (up 11.2% YoY) for Q2 FY2025, with a net profit of $-10.4M (up 26.0% YoY) (-7.1% margin).
Key Financial Metrics
| Total Revenue | $147.3M |
|---|---|
| Net Profit | $-10.4M |
| Gross Margin | N/A |
| Operating Margin | 2.3% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Nine Energy Service, Inc. Q2 FY2025 revenue of $147.3M breaks down across 4 segments, led by Cement at $52.2M (35.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Cement | $52.2M | 35.4% |
| Tool Revenue | $37.0M | 25.2% |
| Wireline | $33.0M | 22.4% |
| Coiled Tubing | $25.1M | 17.0% |
Nine Energy Service, Inc. Revenue by Segment — Quarterly Trend
Nine Energy Service, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Cement and Tool Revenue) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Cement | — | $52.6M | $49.3M | $52.2M |
| Tool Revenue | — | $28.6M | $31.2M | $37.0M |
| Wireline | — | $25.1M | $28.2M | $33.0M |
| Coiled Tubing | — | $25.8M | $23.4M | $25.1M |
Nine Energy Service, Inc. Annual Revenue by Year
Nine Energy Service, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $561.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $561.9M |
| 2024 | $554.1M |
| 2023 | $609.5M |
| 2022 | $593.4M |
Nine Energy Service, Inc. Quarterly Revenue & Net Profit History
Nine Energy Service, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $41.6M | -68.5% | $107.9M | 259.3% |
| Q4 FY2025 | $132.2M | -6.5% | $-19.2M | -14.5% |
| Q3 FY2025 | $132.0M | -4.4% | $-14.6M | -11.1% |
| Q2 FY2025 | $147.3M | +11.2% | $-10.4M | -7.1% |
| Q1 FY2025 | $150.5M | +5.9% | $-7.1M | -4.7% |
| Q4 FY2024 | $141.4M | -1.8% | $-8.8M | -6.3% |
| Q3 FY2024 | $138.2M | -1.7% | $-10.1M | -7.3% |
| Q2 FY2024 | $132.4M | -18.0% | $-14.0M | -10.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $132.4M | $138.2M | $141.4M | $150.5M | $147.3M | $132.0M | $132.2M | $41.6M |
| YoY Growth | -18.0% | -1.7% | -1.8% | 5.9% | 11.2% | -4.4% | -6.5% | -68.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $381.7M | $353.2M | $360.1M | $359.2M | $361.2M | $340.7M | $339.5M | $326.0M |
| Liabilities | $431.4M | $410.8M | $426.1M | $431.3M | $442.9M | $436.6M | $454.4M | $192.1M |
| Equity | $-49.7M | $-57.6M | $-66.1M | $-72.1M | $-81.7M | $-95.9M | $-115.0M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $12.9M | $-5.8M | $15.0M | $-5.3M | $10.1M | $-9.9M | $-2.2M |