Quarterly ResultApr 29, 2026, 04:17 PM
NCSM Q1 Revenue $45.6M, Net Loss $(0.4)M, Adj EBITDA $5.6M
AI Summary
NCS Multistage Holdings, Inc. reported Q1 2026 total revenues of $45.6 million, a decrease from $50.0 million in the prior year, resulting in a net loss of $(0.4) million compared to a net income of $4.1 million in Q1 2025. Adjusted EBITDA also declined to $5.6 million from $8.2 million. Despite the revenue and profit decline, the company significantly improved cash flow from operating activities to $1.3 million and generated $0.7 million in free cash flow, while maintaining a strong balance sheet with $34.5 million in cash and a net cash position of over $27 million. The CEO expressed confidence in the full-year 2026 outlook, citing solid U.S. execution and anticipated growth in the second half.
Key Highlights
- Total revenues were $45.6 million, down from $50.0 million in Q1 2025.
- Net loss was $(0.4) million, or $(0.14) per share, compared to net income of $4.1 million, or $1.51 per share, in Q1 2025.
- Adjusted EBITDA was $5.6 million, down from $8.2 million in Q1 2025.
- Cash flow from operating activities was $1.3 million, an increase from $(1.6) million in Q1 2025.
- Free cash flow was $0.7 million, an increase from $(2.1) million in Q1 2025.
- Ended Q1 2026 with $34.5 million in cash and $7.2 million in total debt.
- U.S. revenues increased, driven by Repeat Precision sales and ResMetrics contribution of $1.8 million.
- Canada and international revenues declined due to lower activity and project timing delays.