NESR · XBRL financial data

National Energy Services Reunited financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (NESR's year ends in late December)

In millions of dollars	Q3 FY17Sep 30, 2017	Q4 FY17Dec 31, 2017	Q1 FY18Mar 31, 2018	Q4 FY18†Dec 31, 2018	Q4 FY19Dec 31, 2019	Q4 FY20Dec 31, 2020	Q4 FY22Dec 31, 2022	Q4 FY23Dec 31, 2023	Q4 FY24Dec 31, 2024	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	—	—	—	—	—	year only	year only	year only	year only	year only	405	521
Cost of goods and services sold	—	—	—	—	—	year only	year only	year only	year only	year only	353	439
Gross profit	—	—	—	—	—	year only	year only	year only	year only	year only	52	81
Selling, general and administrative	—	—	—	—	—	year only	year only	year only	year only	year only	11	12
Other operating income (expense)	—	—	—	—	—	year only	year only	year only	year only	year only	1	1
Operating income (loss)	(0)	(4)*	(3)	—	—	year only	year only	year only	year only	year only	36	65
Interest expense	—	—	—	—	—	year only	year only	year only	year only	year only	7	7
Income tax expense (benefit)	—	—	—	—	—	year only	year only	year only	year only	year only	7	15
Net income (loss)	(0)	(3)*	(2)	—	—	year only	year only	year only	year only	year only	24	44
Earnings per share, basic USD per share	—	—	—	—	—	—	—	—	—	—	0.24	0.44
Earnings per share, diluted USD per share	—	—	—	—	—	—	—	—	—	—	0.23	0.43
Weighted average shares, basic millions of shares	—	—	—	—	—	—	—	—	—	—	101	101
Weighted average shares, diluted millions of shares	—	—	—	—	—	—	—	—	—	—	103	103

† Share count changed about 3x in the period ending 2018-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (NESR's year ends in late December)

In millions of dollars	Q3 FY17Sep 30, 2017	Q4 FY17Dec 31, 2017	Q1 FY18Mar 31, 2018	Q4 FY18†Dec 31, 2018	Q4 FY19Dec 31, 2019	Q4 FY20Dec 31, 2020	Q4 FY22Dec 31, 2022	Q4 FY23Dec 31, 2023	Q4 FY24Dec 31, 2024	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	1	1	0	25	73	75	79	68	108	125	93	175
Accounts receivable	—	—	—	63	99	117	149	171	137	178	228	209
Inventory	—	—	—	58	79	94	111	98	97	95	96	126
Total current assets	1	1	0	300	403	515	538	542	541	630	690	815
Property and equipment, net	—	—	—	329	419	438	461	443	438	465	476	531
Right-of-use asset	—	—	—	—	—	—	30	32	26	20	26	26
Goodwill	—	—	—	571	575	621	645	645	645	645	645	645
Total assets	231	231	232	1,343	1,522	1,687	1,828	1,798	1,774	1,852	1,924	2,097
Accounts payable	—	—	—	66	66	145	—	—	—	—	—	—
Accrued liabilities	0	—	—	39	69	74	—	—	—	—	—	—
Current portion of long-term debt	—	—	—	45	15	48	53	72	69	65	65	65
Total current liabilities	0	3	5	223	228	359	544	533	504	605	660	802
Long-term debt	—	—	—	225	331	309	392	332	254	191	176	160
Lease liability, non-current	—	—	—	—	—	—	25	25	21	18	23	23
Total liabilities	9	12	14	515	636	743	1,026	976	865	884	929	1,055
Retained earnings (accumulated deficit)	0	(3)	(5)	28	68	118	(75)	(62)	14	65	89	133
Total stockholders' equity	58	55	52	831	886	944	802	—	908	968	995	1,042
Total liabilities and equity	231	231	232	1,343	1,522	1,687	1,828	1,798	1,774	1,852	1,924	2,097
Common shares outstanding (cover page) millions of shares	29	29	29	86	87	88	94	95	96	101	101	101

† Share count changed about 3x in the period ending 2018-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (NESR's year ends in late December)

In millions of dollars	Q3 FY17Sep 30, 2017	Q4 FY17Dec 31, 2017	Q1 FY18Mar 31, 2018	Q4 FY18†Dec 31, 2018	Q4 FY19Dec 31, 2019	Q4 FY20Dec 31, 2020	Q4 FY22Dec 31, 2022	Q4 FY23Dec 31, 2023	Q4 FY24Dec 31, 2024	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(0)	(3)*	(2)	—	—	year only	year only	year only	year only	year only	24	44
Stock-based compensation	—	—	—	—	—	year only	year only	year only	year only	year only	3	3*
Depreciation and amortization	—	—	—	—	—	year only	year only	year only	year only	year only	34	36*
Net cash from operating activities	—	(0)*	(1)	—	—	year only	year only	year only	year only	year only	31	174*
Net cash from investing activities	—	0*	—	—	—	year only	year only	year only	year only	year only	(36)	(73)*
Proceeds from issuing common stock	0*	0*	—	—	—	—	—	—	—	—	—	—
Proceeds from long-term debt	—	—	—	—	—	year only	year only	year only	year only	—	—	—
Repayments of long-term debt	—	—	—	—	—	year only	year only	year only	year only	year only	16	16*
Net cash from financing activities	—	(0)*	—	—	—	year only	year only	year only	year only	year only	(25)	(18)*
Net change in cash	—	—	—	—	—	year only	year only	year only	year only	year only	(31)	83*

† Share count changed about 3x in the period ending 2018-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

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