{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-006915","form_type":"8-K","ticker":"NCSM","cik":"0001692427","company_name":"NCS Multistage Holdings, Inc.","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.909542+00:00","generated_at":"2026-05-15T21:44:11.833646+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NCS Multistage Q4 revenue $50.6M (+13% YoY); full-year adj. EBITDA $26.7M (+20%)","bullets":["Q4 revenue $50.6M (+13% YoY), operating income $5.2M (+78%), net income $15.0M ($5.34/diluted) incl. $9.8M deferred tax valuation allowance release.","FY 2025 revenue $183.6M (+13%), adj. EBITDA $26.7M (15% margin vs 14% prior year), free cash flow after distributions $18.9M (+$9.0M YoY).","Cash $36.7M, debt $7.6M (finance leases); cash from ops $22.2M; ResMetrics contributed $5.2M revenue since acquisition July 31, 2025.","Canadian patent appeal overturned prior $1.8M judgment; $0.9M returned to NCS in Nov 2025; case remitted.","2026 outlook: expects continued challenging market but positioned for market share gains, new product adoption, international expansion."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-006915","json":"https://secwatch.observer/filing/0001437749-26-006915.json","markdown":"https://secwatch.observer/filing/0001437749-26-006915.md","text":"https://secwatch.observer/filing/0001437749-26-006915.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692427/000143774926006915/0001437749-26-006915-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692427/000143774926006915/ncsm20251102_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:44:11.833646+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}