{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-013883","form_type":"8-K","ticker":"NCSM","cik":"0001692427","company_name":"NCS Multistage Holdings, Inc.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.748688+00:00","generated_at":"2026-05-15T02:18:11.275465+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NCS Multistage Q1 2026 revenue $45.6M, net loss $0.4M; EBITDA down YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-013883","json":"https://secwatch.observer/filing/0001437749-26-013883.json","markdown":"https://secwatch.observer/filing/0001437749-26-013883.md","text":"https://secwatch.observer/filing/0001437749-26-013883.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/0001437749-26-013883-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/ncsm20260309_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:18:11.275465+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":[{"claim_id":"c09b34822c673f21c069961f6403e186eac370e0","claim":"NCS Multistage Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $45.6 million, net income $(0.4) million, EPS $(0.14).","evidence_excerpt":"Highway 249, Suite 600 Houston, Texas 77070  PRESS RELEASE  NCS MULTISTAGE HOLDINGS, INC. ANNOUNCES FIRST QUARTER 2026 RESULTS  First Quarter Results  ● Total revenues of $45.6 million, compared to $50.0 million in the same quarter of 2025 ● Net loss of $(0.4) million and loss per share of $(0.14) , compared to net income of $4.1 million and diluted earnings","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/0001437749-26-013883-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$45.6 million"},{"label":"Net income","value":"$(0.4) million"},{"label":"EPS","value":"$(0.14)"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}