Filing Flows › Nine Energy Service (NINE) › Q3 2025
Nine Energy Service (NINE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Nine Energy Service (NINE) reported revenue of $132M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -10% from the quarter before. Operating margin was -0.9%, net loss $14.6M (11.1% of revenue).
Nine Energy Service, Q3 2025: revenue $132M (-4% year over year), operating margin -0.9%, net loss $14.6M, operating cash flow −$9.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | -10% | -4% |
| Operating profit | −$1.2M | -135% | — |
| Net earnings | −$14.6M | — | — |
| Operating cash flow | −$9.9M | -199% | — |
What changed
Revenue was $132.0M in Q3 2025, down 4% year over year and down 10% from the previous quarter. Cement was the largest line at 37% of revenue. Coiled tubing lost $4.3M year over year (down 15%), 70% of the total change.
Operating costs exceeded revenue by $1.2M, an operating margin of -0.9%. Total costs fell 2% while revenue fell 4%. The quarter ended with a net loss of $14.6M, wider than the previous quarter's $10.4M loss. Net interest and other expense of $13.4M was the main reason.
Operating cash flow was −$9.9M. Non-cash charges added back $8.6M of depreciation and amortization and $467K of share-based compensation. Working capital and other items used $4.3M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$13.4M.
Questions
What was Nine Energy Service's revenue in the third quarter 2025?
Nine Energy Service (NINE) reported revenue of $132M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -10% from the quarter before.
Was Nine Energy Service profitable in the third quarter 2025?
Operating loss was $1.2M (-0.9% of revenue) and net loss $14.6M.