---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-024200"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:22:29.423412+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NCS Multistage Q2 revenue up 23% to $36.5M, net income $0.9M, acquires Reservoir Metrics

## Summary
- Revenue of $36.5M (+23% YoY); net income $0.9M vs loss $3.1M; diluted EPS $0.34 vs ($1.21).
- Adjusted EBITDA $2.2M (+$1.3M YoY); adjusted gross margin 36% vs 40%. Cash $25.4M, debt $7.7M (capital leases).
- Acquired Reservoir Metrics (ResMetrics) for all cash; trailing 12-month revenue >$10M, EBITDA margin >30%.
- Revenue growth driven by fracturing systems and frac plug sales in Canada and US despite industry headwinds.
- Management guided cautious optimism for H2 2025 citing declining rig counts and tariff uncertainties.

## SEC filing metadata
- accession: 0001437749-25-024200
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000143774925024200/0001437749-25-024200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774925024200/ncsm20250505_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-024200
- JSON: https://secwatch.observer/filing/0001437749-25-024200.json
- Plain text: https://secwatch.observer/filing/0001437749-25-024200.txt

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