---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-006835"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:44:40.350969+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NCS Multistage Q4 2024 revenue +28% YoY to $45M; FY net income $6.6M vs loss in 2023

## Summary
- Q4 net income $3.5M ($1.32 diluted EPS) vs $39.6M ($15.80) year ago which included $40.8M litigation reversal.
- Full-year revenue $162.6M (+14% YoY); adjusted EBITDA $22.3M, up 87% from $11.9M in 2023.
- International revenue hit record $16.5M (10% of total), up from 5% in 2023.
- Cash $25.9M, debt $8.1M; free cash flow after distributions $9.9M, up $7.3M YoY.
- Expects 2025 revenue to outperform underlying industry growth but flags FX headwind from US$/CAD strength.

## SEC filing metadata
- accession: 0001437749-25-006835
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000143774925006835/0001437749-25-006835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774925006835/ncsm20240618_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-006835
- JSON: https://secwatch.observer/filing/0001437749-25-006835.json
- Plain text: https://secwatch.observer/filing/0001437749-25-006835.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.