NCS Multistage Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $183.6M | $162.6M | $142.5M | $155.6M | $118.5M |
| Cost of revenue | — | — | $86.9M | $95.2M | $70.0M |
| Selling, general & administrative | $58.8M | $57.8M | $56.5M | $58.3M | $49.1M |
| Research and development | $2.0M | $2.0M | $2.5M | $2.7M | $2.1M |
| Operating income | $10.5M | $4.3M | -$5.5M | -$2.3M | -$5.1M |
| Pretax income | $16.8M | $8.3M | -$3.3M | -$601,000 | -$3.5M |
| Income tax expense | -$9.2M | $116,000 | -$232,000 | $351,000 | $263,000 |
| Net income | $23.7M | $6.6M | -$3.2M | -$1.1M | -$4.7M |
| Balance Sheet | |||||
| Cash and equivalents | $36.7M | $25.9M | $16.7M | $16.2M | $22.2M |
| Current assets | $121.9M | $105.6M | $103.2M | $87.7M | $88.5M |
| Total assets | $181.2M | $152.8M | $152.0M | $138.6M | $142.3M |
| Current liabilities | $28.5M | $25.4M | $32.1M | $17.7M | $19.8M |
| Total liabilities | $38.1M | $36.7M | $42.6M | $29.3M | $31.7M |
| Stockholders' equity | $126.2M | $98.8M | $91.6M | $91.0M | $92.6M |
| Cash Flow Statement | |||||
| Cash from operations | $22.2M | $12.7M | $4.8M | -$1.4M | $11.6M |
| Depreciation and amortization | $5.9M | $5.3M | $4.6M | $4.3M | $4.5M |
| Stock-based compensation | $6.2M | $5.2M | $5.4M | $6.0M | $6.6M |
| Capital expenditure | $1.2M | $1.3M | $1.9M | $1.0M | $495,000 |
| Free cash flow | $21.0M | $11.4M | $2.9M | -$2.5M | $11.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 2.6M · Free float 1.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.