secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001437749-26-006915
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000143774926006915/0001437749-26-006915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000143774926006915/ncsm20251102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-006915

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer