Filing Flows

Filing Flows › Companies › Nine Energy Service › Cash flow

Nine Energy Service cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$6.4M in Q2 2026

Operating cash flow−$2.3M
Capital spending−$4.1M
Free cash flow−$6.4M

Analysis

In Q2 2026, Nine Energy Service generated −$2.3M of operating cash flow and spent $4.1M on capital projects, leaving free cash flow of −$6.4M. That is $10.6M less than in Q2 2025 ($4.2M).

Operating cash flow was −$2.2M against net income of −$19.2M. The largest differences: payables +$9.6M, depreciation & amortization +$8.6M, prepaid and other assets −$7.7M.

Free cash flow

Nine Energy Service: free cash flow by quarterNine Energy Service: free cash flow by quarter$10.3MQ2 2024−$9.3MQ3 2024$11.8MQ4 2024−$9.3MQ1 2025$4.2MQ2 2025−$13.4MQ3 2025−$4.8MQ4 2025−$6.4MQ2 2026
Operating cash flow less capital spending.
Nine Energy Service: operating cash flow against capital spendingNine Energy Service: operating cash flow against capital spendingOperating cash flowCapital spending$12.9M$2.6MQ2 2024−$5.8M$3.4MQ3 2024$15.0M$3.2MQ4 2024−$5.3M$4.0MQ1 2025$10.1M$5.9MQ2 2025−$9.9M$3.5MQ3 2025−$2.2M$2.6MQ4 2025−$2.3M$4.1MQ2 2026
Latest (Q2 2026): Operating cash flow −$2.3M, Capital spending $4.1M.

Capital allocation, year by year

Nine Energy Service: where the cash came from (up) and went (down), by fiscal yearNine Energy Service: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$40.4MFY2021: Net borrowing $5.6MFY2021: Asset sales $3.5MFY2021: Capital spending −$15.4M$9.0MFY2021FY2022: Operating cash flow $16.7MFY2022: Net borrowing $4.1MFY2022: Asset sales $3.0MFY2022: Capital spending −$32.3M$23.7MFY2022FY2023: Operating cash flow $45.5MFY2023: Net borrowing $25.4MFY2023: Asset sales $606KFY2023: Capital spending −$24.6M$71.5MFY2023FY2024: Operating cash flow $13.2MFY2024: Net borrowing −$9.3MFY2024: Shares issued $8.2MFY2024: Asset sales $585KFY2024: Capital spending −$14.8M$22.0MFY2024FY2025: Operating cash flow −$7.3MFY2025: Net borrowing $17.6MFY2025: Asset sales $189KFY2025: Capital spending −$15.9M$17.8MFY2025
Over these 5 years operating cash flow totalled $27.7M; the largest uses were capital spending ($103M) and operating cash flow ($47.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$18.4M
Debt$348M
Net debt$329M
Due within a year$6.3M
Cash runway9 months

Nine Energy Service is burning cash: its operations consume cash, a free cash flow of −$25.4M a year at the current rate against $18.4M of cash and investments: a runway of about 9 months; $6.3M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Where the cash came from and went

Nine Energy Service: sources (+) and uses (−) of cash, Q2 2026Nine Energy Service: sources (+) and uses (−) of cash, Q2 2026Other financing$5.0MCapital spending−$4.1MCash drawn (+) / kept (−)$3.6MNet borrowing (+) / repaid (−)−$2.4MOperating cash flow−$2.3MAsset & business sales$182KExchange rates−$60K

From profit to cash

Nine Energy Service: net income to operating cash flow, Q4 2025Nine Energy Service: net income to operating cash flow, Q4 2025Net income−$19.2MDepreciation & amortization$8.6MStock-based pay$455KGains on disposals−$2.6MReceivables$5.5MInventory$19KPayables$9.6MPrepaid and other assets−$7.7MIncome taxes payable$187KOther operating capital−$1.5MOperating cash flow−$2.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$2.3M−$4.1M−$2.4M—$3.6M−$6.4M
Q4 2025−$2.2M−$2.6M$13.1M—−$3.4M−$4.8M
Q3 2025−$9.9M−$3.5M$12.1M—$1.3M−$13.4M
Q2 2025$10.1M−$5.9M−$755K—−$480K$4.2M
Q1 2025−$5.3M−$4.0M−$1.3M—$10.6M−$9.3M
Q4 2024$15.0M−$3.2M——−$12.2M$11.8M
Q3 2024−$5.8M−$3.4M−$2.7M$1.5M$10.4M−$9.3M
Q2 2024$12.9M−$2.6M−$1.1M—−$15.8M$10.3M

Nine Energy Service: income statement and cash flow

Nine Energy Service, Q2 2026: revenue $142M (-4% year over year), operating margin -2.0%. The chart follows the revenue to costs, profit and cash.

Nine Energy Service: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.