Filing Flows › Nine Energy Service (NINE) › Q1 2025
Nine Energy Service (NINE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Nine Energy Service (NINE) reported revenue of $150M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +6% from the quarter before. Operating margin was 3.7%, net loss $7.1M (4.7% of revenue).
Nine Energy Service, Q1 2025: revenue $150M (+6% year over year), operating margin 3.7%, net loss $7.1M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | +6% | +6% |
| Operating profit | $5.6M | +61% | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | −$5.3M | -135% | — |
What changed
Revenue was $150.5M in Q1 2025, up 6% year over year and up 6% from the previous quarter. Cement was the largest line at 38% of revenue. Cement added $8.9M year over year (up 18%), 106% of the total change. Product declined 4%.
Operating profit was $5.6M, a 3.7% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 3% margin then. Total costs grew 5% against revenue growth of 6%. The quarter ended with a net loss of $7.1M, narrower than the previous quarter's $8.8M loss. Net interest and other expense of $12.6M was the main reason.
Operating cash flow was −$5.3M. Non-cash charges added back $8.6M of depreciation and amortization and $750K of share-based compensation. Working capital and other items used $7.6M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$9.3M.
Questions
What was Nine Energy Service's revenue in the first quarter 2025?
Nine Energy Service (NINE) reported revenue of $150M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +6% from the quarter before.
Was Nine Energy Service profitable in the first quarter 2025?
Operating profit was $5.6M (3.7% of revenue) and net loss $7.1M.