NESR · XBRL financial data

National Energy Services Reunited financial statements, every fiscal year

The same tables from 7 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 years (NESR's year ends in late December)

In millions of dollars	FY 2019Dec 31, 2019	FY 2020Dec 31, 2020	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	—	834	910	1,146	1,302	1,324
Cost of goods and services sold	—	756	844	997	1,093	1,159
Gross profit	—	78	65	149	209	165
Selling, general and administrative	—	27	48	49	52	48
Other operating income (expense)	—	9	5	(5)	(2)	(5)
Operating income (loss)	—	35	(1)	81	138	98
Interest expense	—	16	34	46	40	33
Income tax expense (benefit)	—	13	7	17	19	9
Net income (loss)	—	17	(36)	13	76	51
Earnings per share, basic USD per share	—	0.19	(0.39)	0.13	0.80	0.52
Earnings per share, diluted USD per share	—	0.18	(0.39)	0.13	0.80	0.52
Weighted average shares, basic millions of shares	—	89	93	95	95	98
Weighted average shares, diluted millions of shares	—	89	93	95	96	99

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

In millions of dollars	FY 2019Dec 31, 2019	FY 2020Dec 31, 2020	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	73	75	79	68	108	125
Accounts receivable	99	117	149	171	137	178
Inventory	79	94	111	98	97	95
Total current assets	403	515	538	542	541	630
Property and equipment, net	419	438	461	443	438	465
Right-of-use asset	—	—	30	32	26	20
Goodwill	575	621	645	645	645	645
Total assets	1,522	1,687	1,828	1,798	1,774	1,852
Accounts payable	66	145	—	—	—	—
Accrued liabilities	69	74	—	—	—	—
Current portion of long-term debt	15	48	53	72	69	65
Total current liabilities	228	359	544	533	504	605
Long-term debt	331	309	392	332	254	191
Lease liability, non-current	—	—	25	25	21	18
Total liabilities	636	743	1,026	976	865	884
Retained earnings (accumulated deficit)	68	118	(75)	(62)	14	65
Total stockholders' equity	886	944	802	—	908	968
Total liabilities and equity	1,522	1,687	1,828	1,798	1,774	1,852
Common shares outstanding (cover page) millions of shares	87	88	94	95	96	101

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

In millions of dollars	FY 2019Dec 31, 2019	FY 2020Dec 31, 2020	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	—	17	(36)	13	76	51
Stock-based compensation	—	8	9	7	6	8
Depreciation and amortization	—	121	116	142	143	142
Net cash from operating activities	—	134	93	177	229	264
Net cash from investing activities	—	(96)	(147)	(83)	(111)	(152)
Proceeds from long-term debt	—	15	3	11	4	—
Repayments of long-term debt	—	26	79	55	86	69
Net cash from financing activities	—	(36)	(73)	(105)	(78)	(87)
Net change in cash	—	2	(127)	(11)	40	25

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