What is Nine Energy Service's work in process?

Nine Energy Service (NINE) reported work in process of $111K in Q1 2026.

How has Nine Energy Service's work in process changed year-over-year?

Nine Energy Service's work in process decreased by 80.9% year-over-year, from $580K to $111K.

What is the long-term trend for Nine Energy Service's work in process?

Over 3 years (2022 to 2025), Nine Energy Service's work in process has grown at a -3.2% compound annual growth rate (CAGR), from $161K to $146K.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Nine Energy Service NINE Work in process

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EnviriNVRI

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Other financials

Income statement

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Revenue$41.6M-72.4%

Operating income-$856.0K-115%

Net income-$1.3M+82.3%

EPS (diluted)-$0.09+50.0%

Balance sheet

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Cash & equivalents$28.4M+64.6%

Total debt$100.2M-72.3%

Total equity$134.0M+286%

Total assets$326.0M-9.2%

Cash flow

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Operating cash flow-$2.4M+54.2%

CapEx$3.5M-12.5%

Free cash flow-$5.9M+36.3%

Valuation

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Market cap$166.56M+49.2%

Enterprise value$238.37M—

P/S0.4×—

Profitability

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Operating margin2%+0.6pp

Net margin-10%+7.0pp

FCF margin-8.9%—

Returns & leverage

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Return on equity-147.1%—

Debt / equity0.7×—

Current ratio2.1×+0.1×

Where this comes from

Reported directly by Nine Energy Service in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Nine Energy Service’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nine Energy Service's work in process?: Nine Energy Service (NINE) reported work in process of $111K in Q1 2026.
How has Nine Energy Service's work in process changed year-over-year?: Nine Energy Service's work in process decreased by 80.9% year-over-year, from $580K to $111K.
What is the long-term trend for Nine Energy Service's work in process?: Over 3 years (2022 to 2025), Nine Energy Service's work in process has grown at a -3.2% compound annual growth rate (CAGR), from $161K to $146K.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.