---
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"
generated_at: "2026-05-15T21:44:11.833646+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCS Multistage Q4 revenue $50.6M (+13% YoY); full-year adj. EBITDA $26.7M (+20%)

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1692427/000143774926006915/0001437749-26-006915-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774926006915/ncsm20251102_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-006915
- JSON: https://secwatch.observer/filing/0001437749-26-006915.json
- Plain text: https://secwatch.observer/filing/0001437749-26-006915.txt

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