secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001437749-26-013883
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/0001437749-26-013883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000143774926013883/ncsm20260309_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013883

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