What is Nine Energy Service's net debt?

Nine Energy Service (NINE) reported net debt of $71.8M in Q1 2026.

How has Nine Energy Service's net debt changed year-over-year?

Nine Energy Service's net debt decreased by 79.1% year-over-year, from $344.09M to $71.8M.

What is the long-term trend for Nine Energy Service's net debt?

Over 4 years (2021 to 2025), Nine Energy Service's net debt has grown at a 1.3% compound annual growth rate (CAGR), from $350.56M to $369.12M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Nine Energy Service NINE Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

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-0.2×-0.1×

HES

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3.1×-0.1×

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-0.9×—

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

Calculated from Nine Energy Service’s reported figures.

$100.2Mtotal debt−$28.4Mcash and equivalents=$71.8M

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 net debt?: Nine Energy Service (NINE) reported net debt of $71.8M in Q1 2026.
How has Nine Energy Service's net debt changed year-over-year?: Nine Energy Service's net debt decreased by 79.1% year-over-year, from $344.09M to $71.8M.
What is the long-term trend for Nine Energy Service's net debt?: Over 4 years (2021 to 2025), Nine Energy Service's net debt has grown at a 1.3% compound annual growth rate (CAGR), from $350.56M to $369.12M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.