NINE: the balance sheet

MyFinsight

Nine Energy Service, Inc. (NINE)

Balance Sheets	2026-03-31	2025-09-30	2025-06-30
Income taxes receivable	NaN	0	0
Cash and cash equivalents	11,249	14,389	14,216
Restricted cash	10,616	2,086	3,539
Accounts receivable, net	88,270	81,446	93,992
Inventories, net	50,550	56,806	54,209
Prepaid expenses	12,106	6,219	8,409
Other current assets	2,064	1,951	1,366
Total current assets	174,855	162,897	175,731
Property and equipment, net	109,013	66,424	68,794
Fair value adjustment to operating lease right-of-use assets	32,482	35,852	37,862
Finance lease right of use assets, net	52	19	22
Intangible assets, net	9,103	70,859	73,654
Other long-term assets	535	4,650	5,102
Total assets	326,040	340,701	361,165

Accounts payable	41,453	37,072	44,145
Accrued expenses	23,662	23,329	35,648
Income taxes payable	374	169	136
Current portion of long-term debt	3,978	0	913
Current portion of operating lease obligations	12,454	13,214	13,069
Current portion of finance lease obligations	50	13	19
Total current liabilities	81,971	73,797	93,930
Long-term debt	90,439	339,390	323,454
Long-term operating lease obligations	19,602	23,290	25,426
Other long-term liabilities	45	90	92
Total liabilities	192,057	436,567	442,902
Predecessor common stock (120,000,000 shares authorized at 0.01 par value 43,326,339 shares issued and outstanding at december 31, 2025)	139	434	434
Additional paid-in capital	135,065	807,976	807,509
Accumulated other comprehensive income (loss)	32	-4,865	-4,916
Accumulated deficit	-1,253	-899,411	-884,764
Total stockholders equity (deficit)	133,983	-95,866	-81,737
Total liabilities and stockholders equity (deficit)	326,040	340,701	361,165

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.