Nine Energy Service Work in process decreased by 24.0% to $111.00K in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 80.9%, from $580.00K to $111.00K. Over 3 years (FY 2022 to FY 2025), Work in process shows relatively stable performance with a -3.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
inv_work_in_progress| Q4 '22 | Q1 '23 | Q2 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $161.00K | $117.00K | $350.00K | $542.00K | $463.00K | $597.00K | $757.00K | $148.00K | $580.00K | $105.00K | $204.00K | $146.00K | $111.00K |
| QoQ Change | — | -27.3% | +199.1% | +54.9% | -14.6% | +28.9% | +26.8% | -80.4% | +291.9% | -81.9% | +94.3% | -28.4% | -24.0% |
| YoY Change | — | — | — | +236.6% | +295.7% | +70.6% | — | -72.7% | +25.3% | -82.4% | -73.1% | -1.4% | -80.9% |
| % of Inventories | 0.2% | 0.2% | 0.5% | 0.9% | 0.7% | 0.9% | 1.2% | 0.3% | 1.0% | 0.2% | 0.3% | 0.2% | 0.2% |
| Share Change | — | -0.1pp | +0.3pp | +0.4pp | -0.1pp | +0.2pp | +0.3pp | -1.0pp | +0.8pp | -0.9pp | +0.2pp | -0.1pp | -0.0pp |