For the quarter ending 2026-03-31, NINE had $4,830K increase in cash & cash equivalents over the period. $12,559K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income (loss) | 30,846 | -14,647 | -17,452 |
| Depreciation | -15,187 | 5,759 | 11,633 |
| Amortization of intangibles | -8,319 | 2,795 | 5,592 |
| Amortization of operating leases | -10,057 | 3,970 | 7,135 |
| Amortization of deferred financing costs and non-cash interest | -10,087 | 3,899 | 6,322 |
| Provision for (recovery of) doubtful accounts | -51 | 0 | 51 |
| Provision for inventory obsolescence | -1,370 | 235 | 1,135 |
| Stock-based compensation expense | -1,756 | 467 | 1,289 |
| Loss (gain) on sale of property and equipment | 464 | -61 | -366 |
| Loss on revaluation of contingent liability | -169 | 96 | 73 |
| Non-cash reorganization items, net | 0 | - | - |
| Accounts receivable, net | 8,871 | -12,542 | 12,834 |
| Inventories, net | -6,978 | 2,821 | 4,340 |
| Prepaid expenses and other current assets | 2,188 | -1,613 | -592 |
| Accounts payable and accrued expenses | 12,067 | -19,524 | 12,633 |
| Income taxes receivable/payable | -540 | 32 | 417 |
| Operating lease obligations | 10,730 | -3,958 | -7,068 |
| Other assets and liabilities | -1,155 | 463 | 733 |
| Net cash used in operating activities | 2,717 | -9,944 | 4,811 |
| Proceeds from sales of property and equipment | -147 | 55 | 107 |
| Proceeds from property and equipment casualty losses | 25 | - | - |
| Purchases of property and equipment | -9,842 | 3,471 | 9,853 |
| Net cash used in investing activities | 9,720 | -3,416 | -9,746 |
| Payments of short-term debt | - | -913 | -2,667 |
| Proceeds from issuance of common stock under atm program | - | 0 | 0 |
| Proceeds from revolving credit facilities | -65,946 | 13,000 | 52,946 |
| Payments on revolving credit facilities | -51,000 | 0 | 51,000 |
| Proceeds from prepetition abl facility | 0 | - | - |
| Payments of prepetition abl facility | 0 | - | - |
| Proceeds from dip abl facility | 0 | - | - |
| Payments of dip abl facility | 0 | - | - |
| Proceeds from exit abl facility | 0 | - | - |
| Cost of debt issuance | - | 51 | 4,507 |
| Payments of short-term debt | 782 | - | - |
| Principal payments on finance leases | -21 | 6 | 20 |
| Payments of contingent liability | -223 | 0 | 223 |
| Net cash provided by (used in) financing activities | -7,346 | 12,030 | -5,471 |
| Impact of foreign currency exchange on cash | -261 | 50 | 281 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 4,830 | -1,280 | -10,125 |
| Cash, cash equivalents, and restricted cash at beginning of period | 16,475 | 27,880 | - |
| Cash, cash equivalents, and restricted cash at end of period | 21,865 | 16,475 | - |
Nine Energy Service, Inc. (NINE)
Nine Energy Service, Inc. (NINE)