earnings
confidence high
sentiment negative
materiality 0.70
NCS Multistage Q1 2026 revenue $45.6M, net loss $0.4M; EBITDA down YoY
NCS Multistage Holdings, Inc.
2026-Q1 EPS reported
-$0.14
revenue$45,637,000
- Revenue $45.6M, down 8.8% YoY from $50.0M; net loss $0.4M vs net income $4.1M in Q1 2025.
- Adjusted EBITDA $5.6M (12% margin) down from $8.2M (16% margin) YoY.
- Operating cash flow improved to $1.3M from -$1.6M; free cash flow $0.7M from -$2.1M.
- Cash $34.5M, total debt $7.2M, undrawn credit facility $18.5M; net cash >$27M.
- CEO: revenue below guided range, but adjusted gross margin at midpoint; U.S. growth driven by Repeat Precision and new fracturing project expected H2 2026.