---
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"
generated_at: "2026-05-15T02:18:11.275465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCS Multistage Q1 2026 revenue $45.6M, net loss $0.4M; EBITDA down YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1692427/000143774926013883/0001437749-26-013883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/ncsm20260309_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-013883
- JSON: https://secwatch.observer/filing/0001437749-26-013883.json
- Plain text: https://secwatch.observer/filing/0001437749-26-013883.txt

## Key facts
- Earnings Releases
  NCS Multistage Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $45.6 million, net income $(0.4) million, EPS $(0.14).
  - Period: the quarter ended March 31, 2026
  - Revenue: $45.6 million
  - Net income: $(0.4) million
  - EPS: $(0.14)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/0001437749-26-013883-index.htm

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