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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-174.78%

Current Liabilities

MetricQ4 '24Q1 '25Q4 '25Q1 '26
Accounts payable——$43.6M$41.5M
Accrued interest——$16.8M$619.0K
Accrued Liabilities, Current——$27.8M$23.7M
Current portion of long-term debt——$6.3M$4.0M
Finance Lease Liability, Current——$6.0K$50.0K
Income taxes payable——$356.0K$374.0K
Operating lease liabilities, current——$13.4M$12.5M
Total current liabilities——$91.4M$82.0M

Current Assets

MetricQ4 '24Q1 '25Q4 '25Q1 '26
Accounts receivable, net——$76.0M$88.3M
Cash and cash equivalents$27.9M$17.3M$19.8M$28.4M
Other current assets——$2.9M$2.1M
Finished goods——$26.8M$26.2M
Raw materials and supplies inventory, gross——$33.6M$24.3M
Work in process——$146.0K$111.0K
Inventories——$60.6M$50.6M
Other Inventory, Net——$4.0M$0.0
Restricted cash——$1.4M$10.6M
Total current assets——$168.8M$174.9M

Equity

MetricQ4 '24Q1 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)——-$5.2M$32.0K
Additional paid-in capital——$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——$433.0K$139.0K
Retained earnings——-$918.6M-$1.3M
Total liabilities and stockholders' equity——$339.5M$326.0M
Total stockholders' equity-$66.1M-$72.1M-$115.0M$134.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q4 '25Q1 '26
Deferred Finance Costs, Gross——$21.7M$0.0
Intangible assets — net———$9.1M
Other intangible assets—net——$68.1M$9.1M
Operating lease right-of-use assets——$34.1M$32.5M
Other non-current assets——$4.2M$535.0K
Property, plant and equipment at cost——$350.3M$111.2M
Accumulated depreciation——$286.1M$2.2M
Property and equipment, net——$64.3M$109.0M
Total assets——$339.5M$326.0M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q4 '25Q1 '26
Long-term debt——$347.9M$94.4M
Operating lease liabilities, non-current——$21.4M$19.6M
Operating Lease Liabilities (Total)———$1.8M
Other non-current liabilities——$87.0K$45.0K
Total liabilities——$454.4M$192.1M

Other

MetricQ4 '24Q1 '25Q4 '25Q1 '26
Accounts receivable——$76.7M$88.3M
Accounts Receivable, after Allowance for Credit Loss——$76.0M$88.3M
Accrued bonuses——$1.9M$1.3M
Professional service fees——$1.1M$10.7M
Accrued compensation and benefits——$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
Common stock, shares authorized (in shares)——120M70M
Common stock, shares issued (in shares)——43.3M13.9M
Common Stock, Shares, Outstanding——43.3M13.9M
Long-term debt, gross——$369.6M$94.4M
Current maturities of long-term debt——$6.0K$50.0K
Finance Lease, Right-of-Use Asset, after Accumulated Amortization——$16.0K$52.0K
Outstanding premium amount——$6.3M$4.0M
Finite-Lived Intangible Assets, Accumulated Amortization——$120.3M$68.0K
2028———$820.0K
2030———$819.0K
2031———$799.0K
Remainder of 2026———$615.0K
2027———$819.0K
2029———$819.0K
Finite Lived Intangible Assets Amortization Expense After Year Five———$4.4M
Enterprise value———$212.5M
Reorganization value of assets prior to confirmation of plan———$320.7M
Indefinite- lived intangible impairment——$188.4M$9.2M
Liabilities subject to compromise———$0.0
Liability for guaranty fund and other insurance-related assessments———$0.0
Other accrued liabilities——$3.1M$4.2M
Predecessor additional paid-in capital———$0.0
Predecessor common stock———$0.0
Prepaid expenses——$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