NCS Multistage Reports Strong 2025 Financial Results
NCS Multistage Holdings announced fourth-quarter and full-year 2025 results on March 4, 2026, reporting full-year revenue of $183.6 million, a 13% year-over-year increase. The company posted operating income of $10.5 million, net income of $23.7 million (including an $11.5 million deferred tax valuation allowance release), adjusted EBITDA of $26.7 million, and ended 2025 with $36.7 million in cash.
Key Points
- 1Reported full-year revenue of $183.6 million and adjusted EBITDA of $26.7 million, up 13% year-over-year
- 2Cited operating leverage and the ResMetrics acquisition as drivers, with operating income more than doubling to $10.5 million
- 3Signals stronger free-cash-flow conversion and balance-sheet flexibility, holding $36.7 million cash against $7.6 million debt
Scoring Rationale
Official quarterly results with detailed financials and acquisition disclosure, limited by narrow industry relevance to data science practitioners.
Sources
Public references used for this report.
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