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Nine Energy Service Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Nine Energy Service holds $326.0M in total assets. Shareholders' equity is $134.0M against $100.2M in total debt. Cash and equivalents total $28.4M. The current ratio is 2.13 and debt-to-equity is 0.748. Based on the Q1 2026 filing.

Total Assets$326.0MTotal Stockholders Equity$134.0MLong Term Debt$94.4MCash And Equivalents$28.4MTotal Current Assets$174.9MTotal Current Liabilities$82.0M
Latest FilingQ1 2026
Report Date2026-05-13
ROE-147.13%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$36.1M$46.5M$44.1M$37.1M$43.6M$41.5M
Accrued interest$17.0M$7.1M$16.7M$7.0M$16.8M$619.0K
Other Commercial Liabilities$30.7M$25.2M$35.6M$23.3M$27.8M$23.7M
Accrued Liabilities, Current$30.7M$25.2M$35.6M$23.3M$27.8M$23.7M
Current portion of long-term debt$3.6M$2.3M$913.0K$0.0$6.3M$4.0M
Finance Lease Liability, Current$21.0K$34.0K$19.0K$13.0K$6.0K$50.0K
Income taxes payable$0.0$98.0K$136.0K$169.0K$356.0K$374.0K
Operating lease liabilities, current$11.2M$12.1M$13.1M$13.2M$13.4M$12.5M
Total current liabilities$81.5M$86.0M$93.9M$73.8M$91.4M$82.0M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$81.2M$95.1M$94.0M$81.4M$76.0M$88.3M
Allowance for Doubtful Accounts————$724.0K$0.0
Cash and cash equivalents$27.9M$17.3M$17.8M$16.5M$19.8M$28.4M
Other current assets$380.0K$1.7M$1.4M$2.0M$2.9M$2.1M
Finished goods$27.2M$26.3M$25.6M$27.5M$26.8M$26.2M
Raw materials and supplies inventory, gross$28.9M$29.0M$33.0M$33.1M$33.6M$24.3M
Work in process$148.0K$580.0K$105.0K$204.0K$146.0K$111.0K
Inventories$56.2M$55.9M$58.7M$60.8M$60.6M$50.6M
Other Inventory, Net$5.5M$4.7M$4.5M$4.0M$4.0M$0.0
Prepaid expenses and other current assets$10.0M$9.2M$8.4M$6.2M$13.5M-$17.0K
Restricted cash$0.0—$3.5M$2.1M$1.4M$10.6M
Total current assets$170.5M$174.6M$175.7M$162.9M$168.8M$174.9M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$5.4M-$5.1M-$4.9M-$4.9M-$5.2M$32.0K
Additional paid-in capital$806.2M$807.0M$807.5M$808.0M$808.4M$135.1M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$423.0K$423.0K$434.0K$434.0K$433.0K$139.0K
Retained earnings-$867.3M-$874.4M-$884.8M-$899.4M-$918.6M-$1.3M
Total liabilities and stockholders' equity$360.1M$359.2M$361.2M$340.7M$339.5M$326.0M
Total stockholders' equity-$66.1M-$72.1M-$81.7M-$95.9M-$115.0M$134.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis————$350.3M$111.2M
Accounts receivable————$76.7M$88.3M
Accounts Receivable, after Allowance for Credit Loss————$76.0M$88.3M
Accrued bonuses$1.0M$1.7M$2.2M$557.0K$1.9M$1.3M
Professional service fees$256.0K$208.0K$185.0K$319.0K$1.1M$10.7M
Accrued compensation and benefits$6.3M$8.1M$9.9M$7.4M$5.0M$6.8M
Accounts Receivable, Allowance for Credit Loss————$724.0K$0.0
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)120M120M120M120M120M70M
Common stock, shares issued (in shares)42.3M42.3M43.4M43.4M43.3M13.9M
Common Stock, Shares, Outstanding42.3M42.3M43.4M43.4M43.3M13.9M
Long-term debt, gross$350.6M$349.3M$350.3M$363.3M$369.6M$94.4M
Current maturities of long-term debt$21.0K$34.0K$19.0K$13.0K$6.0K$50.0K
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$29.0K$50.0K$22.0K$19.0K$16.0K$52.0K
Outstanding premium amount$3.6M$2.3M$900.0K$0.0$6.3M$4.0M
Finite-Lived Intangible Assets, Accumulated Amortization$109.1M$111.9M$114.7M$117.5M$120.3M$68.0K
2028—$10.3M$10.3M$10.3M—$820.0K
2030—$8.0M$8.0M$8.0M—$819.0K
2031—$8.0M$8.0M$8.0M—$799.0K
Remainder of 2026—$8.4M$5.6M$2.8M—$615.0K
2027—$11.1M$11.1M$11.1M—$819.0K
2029—$8.0M$8.0M$8.0M—$819.0K
Finite Lived Intangible Assets Amortization Expense After Year Five—$22.7M$22.7M$22.7M—$4.4M
Enterprise value—————$212.5M
Reorganization value of assets prior to confirmation of plan—————$320.7M
Indefinite- lived intangible impairment$188.4M$188.4M$188.4M$188.4M$188.4M$9.2M
Liabilities subject to compromise—————$0.0
Liability for guaranty fund and other insurance-related assessments—$0.0$0.0$0.0—$0.0
Other accrued liabilities$6.2M$8.0M$6.6M$8.0M$3.1M$4.2M
Predecessor additional paid-in capital—————$0.0
Predecessor common stock—————$0.0
Prepaid expenses$10.0M$9.2M$8.4M$6.2M$13.5M$12.1M
CODI—————$171.3M
Reorganization value—————$320.7M
Plus: Non-interest bearing current liabilities—————$71.9M
Reorganization Value Adjusted, Non-Interest Bearing Liabilities, Noncurrent—————$18.5M
Short-term debt, weighted average interest rate, at point in time————7.2%7.2%
Successor additional paid-in capital—————$135.1M
Successor common stock—————$139.0K
Remainder of Fiscal Year 2024—$8.4M$5.6M$2.8M—$615.0K

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Finance Costs, Gross$29.7M$27.9M$25.9M$23.9M$21.7M$0.0
Deferred Tax Assets and Other Non-Current Assets$2.6M$2.5M$5.1M$4.7M$4.2M$535.0K
Net Investment in Lease$37.3M$37.1M$37.9M$35.9M$34.1M$32.5M
Intangible assets — net—$76.5M$73.7M$70.9M—$9.1M
Other intangible assets—net$79.2M$76.5M$73.7M$70.9M$68.1M$9.1M
Operating lease right-of-use assets$37.3M$37.1M$37.9M$35.9M$34.1M$32.5M
Other non-current assets$2.6M$2.5M$5.1M$4.7M$4.2M$535.0K
Property, plant and equipment at cost————$350.3M$111.2M
Operating Lease Right-of-Use Assets in Other Assets$37.3M$37.1M$37.9M$35.9M$34.1M$32.5M
Accumulated depreciation$109.1M$111.9M$114.7M$117.5M$286.1M$2.2M
Property and equipment, net$70.5M$68.6M$68.8M$66.4M$64.3M$109.0M
Software and Technology Licenses, Net$2.6M$2.5M$5.1M$4.7M$4.2M$535.0K
Total assets$360.1M$359.2M$361.2M$340.7M$339.5M$326.0M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance Lease Liabilities (Total)$21.0K———$6.0K—
Long-term debt$320.8M$321.4M$324.4M$339.4M$347.9M$94.4M
Operating lease liabilities, non-current$26.7M$25.6M$25.4M$23.3M$21.4M$19.6M
Operating Lease Liabilities (Total)$37.9M———$34.8M$1.8M
Other non-current liabilities$621.0K$540.0K$92.0K$90.0K$87.0K$45.0K
Total Carrying Value of Debt$350.6M$349.3M$350.3M$363.3M$369.6M$94.4M
Total liabilities$426.1M$431.3M$442.9M$436.6M$454.4M$192.1M