Filing Flows › Nine Energy Service (NINE) › Q2 2025
Nine Energy Service (NINE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Nine Energy Service (NINE) reported revenue of $147M for the second quarter 2025 (Q2 2025), +11% from a year earlier and -2% from the quarter before. Operating margin was 2.3%, net loss $10.4M (7.1% of revenue).
Nine Energy Service, Q2 2025: revenue $147M (+11% year over year), operating margin 2.3%, net loss $10.4M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $147M | -2% | +11% |
| Operating profit | $3.4M | -40% | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | $10.1M | — | -22% |
| Free cash flow | $4.2M | — | -59% |
What changed
Revenue was $147.3M in Q2 2025, up 11% year over year and down 2% from the previous quarter. Cement was the largest line at 35% of revenue. Cement added $6.4M year over year (up 14%), 43% of the total change. Coiled tubing declined 4%.
Operating profit was $3.4M, a 2.3% margin (up 3.4 points year over year). Total costs grew 7% against revenue growth of 11%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $10.4M, wider than the previous quarter's $7.1M loss. Net interest and other expense of $14.2M was the main reason.
Operating cash flow was $10.1M (down 22% year over year). Non-cash charges added back $8.6M of depreciation and amortization and $539K of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $5.9M left free cash flow of $4.2M.
Questions
What was Nine Energy Service's revenue in the second quarter 2025?
Nine Energy Service (NINE) reported revenue of $147M for the second quarter 2025 (Q2 2025), +11% from a year earlier and -2% from the quarter before.
Was Nine Energy Service profitable in the second quarter 2025?
Operating profit was $3.4M (2.3% of revenue) and net loss $10.4M.