---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-013867"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:28:45.476949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCS Q1 revenue $50.0M (+14% YoY), EPS $1.51, adj. EBITDA $8.2M

## Summary
- Total revenues $50.0M, up 14% YoY; net income $4.1M ($1.51 diluted EPS) vs $2.1M ($0.82) last year.
- Adjusted EBITDA $8.2M, up 35% YoY; adjusted gross margin improved to 44% from 40%.
- Cash $23.0M, total debt $7.6M (finance leases); net cash position $15.4M; undrawn ABL $26.8M.
- Canada revenues drove growth; international revenue rose on Middle East and North Sea projects.
- CEO cites cautious optimism but flags risks from global trade tensions and potential tariffs on Q2 and H2.

## SEC filing metadata
- accession: 0001437749-25-013867
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000143774925013867/0001437749-25-013867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774925013867/ncsm20241216_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-013867
- JSON: https://secwatch.observer/filing/0001437749-25-013867.json
- Plain text: https://secwatch.observer/filing/0001437749-25-013867.txt

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