Nine Energy Service, Inc.
NINE · Oil & Gas Field Services, NEC · 13.9M shares · +6%/yr ↑ shares · EDGAR filings ↗
Reference price $0.62 · est. market cap ~$9M — last insider sale, 2025-08-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
F35Completion-services provider in Chapter 11 whose plan cancels all common equity for no consideration.
Strengths
- Leading dissolvable-plug technology and revenue_growth screening at 81.8th
- Current ratio 1.85 (50th)
Risks
- In bankruptcy; common stock to be canceled — total expected loss to equity holders
- Negative equity makes the 94th-pct ROE a meaningless artifact; net margin -9% and negative OCF/FCF
- Cash runway ~3.2 quarters, substantial debt, single-industry cyclical exposure
Notable findings
- Debt accelerationRecent 8-K item 2.04 8-K ↗
- Bankruptcy• During the pendency of the Chapter 11 Cases (as defined below), trading in our securities (including our common stock) is highly speculative and poses substantial risks 8-K ↗
- Net lossNet loss (net margin -9.1%)
- Cash burnNegative free cash flow (-23.3M)
- Negative equityNegative book equity (debt/equity -2.97)
- Exec changeRecent 8-K item 5.02 8-K ↗
- China exposurealso exposes us to risks inherent in doing business internationally, including political, social, and economic instability and disruptions, export controls, economic sanctions, embargoes or trade rest
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
0.4%
Net margin
-9.1%
Return on equity
44.6%
Return on assets
-15.1%
ROIC
0.8%
Revenue growth (QoQ)
0.1%
Debt / equity
-3.0×
Current ratio
1.8×
Free cash flow
-$23M
Tangible book value
-$183M
Cash & investments
$18M
Cash runway
3q
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-23 | Law Adam R. | Grant | 92K | — |
| 2026-05-20 | Schmidt Heather | Grant | 33K | — |
| 2026-05-18 | Schmidt Heather | Grant | 39K | — |
| 2026-05-18 | Hawks Carney | Grant | 42K | — |
| 2026-05-18 | Willis Darryl Keith | Grant | 28K | — |
| 2026-05-18 | Fox Ann G | Grant | 331K | — |
| 2026-05-18 | BARTELS PATRICK J JR | Grant | 28K | — |
| 2026-05-18 | Crombie David | Grant | 136K | — |
| 2026-05-18 | Esslemont Alexander | Grant | 28K | — |
| 2026-05-18 | Hall Jerome D JR | Grant | 28K | — |
| 2026-05-18 | Luz S. Brett | Grant | 39K | — |
| 2026-03-04 | MOORE THEODORE R. | Disposition | 137K | — |
| 2026-03-04 | SCHWINGER SCOTT | Disposition | 132K | — |
| 2026-03-04 | Willis Darryl Keith | Disposition | 108K | — |
| 2026-03-04 | Hall Jerome D JR | Disposition | 26K | — |
| 2026-03-04 | Peffer Julie | Disposition | 35K | — |
| 2026-03-04 | Crombie David | Disposition | 220K | — |
| 2026-03-04 | Sirkes Guy | Disposition | 139K | — |
| 2026-03-04 | Fox Ann G | Disposition | 374K | — |
| 2026-03-04 | Luz S. Brett | Disposition | 108K | — |
| 2025-11-09 | Burnett Richard Alan | Disposition | 35K | — |
| 2025-08-08 | Sirkes Guy | Sell | 50K | $0.65 |
| 2025-08-08 | Fox Ann G | Sell | 278K | $0.62 |
| 2025-08-02 | Hall Jerome D JR | Grant | 26K | — |
| 2025-05-15 | Crombie David | Sell | 21K | $0.62 |
| 2025-05-14 | MOORE THEODORE R. | Sell | 12K | $0.70 |
| 2025-05-13 | Crombie David | Sell | 59K | $0.68 |
| 2025-05-12 | MOORE THEODORE R. | Sell | 38K | $0.73 |
| 2025-05-09 | Fox Ann G | Sell | 10K | $0.68 |
| 2025-05-09 | Sirkes Guy | Sell | 4.3K | $0.68 |
| 2025-05-09 | MOORE THEODORE R. | Sell | 4.2K | $0.68 |
| 2025-05-09 | Crombie David | Sell | 7.6K | $0.68 |
| 2025-05-09 | Luz S. Brett | Sell | 1.5K | $0.68 |
| 2025-05-08 | Sirkes Guy | Grant | 51K | — |
| 2025-05-08 | Willis Darryl Keith | Grant | 35K | — |
| 2025-05-08 | Fox Ann G | Grant | 135K | — |
| 2025-05-08 | Luz S. Brett | Grant | 15K | — |
| 2025-05-08 | BALDWIN MARK E | Grant | 8.8K | — |
| 2025-05-08 | SCHWINGER SCOTT | Grant | 35K | — |
| 2025-05-08 | MOORE THEODORE R. | Grant | 50K | — |
| 2025-05-08 | Burnett Richard Alan | Grant | 35K | — |
| 2025-05-08 | Peffer Julie | Grant | 35K | — |
| 2025-05-08 | Crombie David | Grant | 90K | — |
| 2025-05-07 | MOORE THEODORE R. | Sell | 9.0K | $0.65 |
| 2025-05-07 | Sirkes Guy | Sell | 9.2K | $0.65 |
| 2025-05-07 | Luz S. Brett | Sell | 2.6K | $0.65 |
| 2025-05-07 | Fox Ann G | Sell | 23K | $0.65 |
| 2025-05-07 | Crombie David | Sell | 13K | $0.65 |
| 2025-05-03 | Fox Ann G | Sell | 11K | $0.83 |
| 2025-05-03 | Luz S. Brett | Sell | 1.6K | $0.83 |
| 2025-05-03 | Sirkes Guy | Sell | 4.6K | $0.83 |
| 2025-05-03 | MOORE THEODORE R. | Sell | 4.5K | $0.83 |
| 2025-05-03 | Crombie David | Sell | 8.1K | $0.83 |
| 2025-04-09 | MONROE WILLIAM | Sell | 750K | $0.91 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Exec/director changeExhibits | filing ↗ |
| 2026-05-15 | Exec/director changeExhibits | filing ↗ |
| 2026-05-13 | ResultsExhibits | filing ↗ |
| 2026-04-24 | Exec/director change | filing ↗ |
| 2026-04-21 | Reg FDExhibits | filing ↗ |
| 2026-03-26 | OtherExhibits | filing ↗ |
| 2026-03-23 | Reg FDExhibits | filing ↗ |
| 2026-03-13 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-22 | 0001213900-26-060546 ↗ |
| 8-K | 2026-05-15 | 2026-05-11 | 0001213900-26-057673 ↗ |
| 10-Q | 2026-05-13 | 2026-03-31 | 0001532286-26-000008 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001213900-26-055933 ↗ |
| 10-K/A | 2026-04-28 | 2025-12-31 | 0001213900-26-048590 ↗ |
| 8-K | 2026-04-24 | 2026-04-20 | 0001213900-26-047516 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001213900-26-046167 ↗ |
| 8-K | 2026-03-26 | 2026-03-25 | 0001213900-26-034390 ↗ |
| 8-K | 2026-03-23 | 2026-03-23 | 0001213900-26-032923 ↗ |
| 8-K | 2026-03-13 | 2026-03-09 | 0001213900-26-027245 ↗ |
| 8-K | 2026-03-10 | 2026-03-04 | 0001213900-26-025721 ↗ |
| 10-K | 2026-03-04 | 2025-12-31 | 0001532286-26-000005 ↗ |