National Energy Services Reunited Corp. (NESR) — Financial statements
Income statement, balance sheet, and cash flow for National Energy Services Reunited Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,324↑1.7% | 1,302↑13.6% | 1,146↑26.0% | 910↑3.7% | 877 | |
| Cost of Revenue | 1,178↑7.8% | 1,093↑7.6% | 1,016↑17.7% | 863↓3.3% | 892 | |
| Gross Profit | 146↓30.1% | 209↑60.7% | 130↑178.6% | 47↑405.4% | -15 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 48↓8.7% | 52↑6.1% | 49↑3.5% | 48↑69.3% | 28 | |
| Other Expenses | 0.00↓100.0% | 19 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 48↓32.9% | 71↑44.3% | 49↑3.5% | 48↑69.3% | 28 | |
| Total Costs & Expenses | 1,226↑5.3% | 1,164↑9.3% | 1,065↑17.0% | 910↓1.0% | 920 | |
| Operating Results | ||||||
| Operating Income | 98↓28.6% | 138↑70.6% | 81↑8900.8% | -0.92↑97.9% | -43 | |
| Depreciation & Amortization | 142↓0.7% | 143↑0.4% | 142↑22.8% | 116↓5.1% | 122 | |
| EBITDA | 240↓13.7% | 278↑27.7% | 218↑81.3% | 120↑56.6% | 77 | |
| EBIT | 98↓27.4% | 135↑78.9% | 76↑1649.6% | 4↑109.5% | -45 | |
| Interest & Other Income | ||||||
| Net Interest Income | -33↑18.5% | -40↑13.0% | -46↓34.3% | -34↓124.9% | -15 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 33↓18.5% | 40↓13.0% | 46↑34.3% | 34↑124.9% | 15 | |
| Non-Operating Income | 0.00↓100.0% | 2↓53.8% | 5↑196.0% | -5↓352.9% | 2 | |
| Other Income / Expenses | -38↑10.2% | -42↑17.0% | -51↓76.1% | -29↓67.5% | -17 | |
| Income Before Tax | 60↓36.8% | 95↑220.0% | 30↑200.2% | -30↑50.8% | -61 | |
| Income Tax Expense | 9↓51.7% | 19↑11.1% | 17↑160.9% | 7↑65.9% | 4 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 51↓33.0% | 76↑506.6% | 13↑134.5% | -36↑43.6% | -65 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 51↓33.0% | 76↑506.6% | 13↑134.5% | -36↑43.6% | -65 | |
| Bottom-Line Net Income | 51↓33.0% | 76↑506.6% | 13↑134.5% | -36↑43.6% | -65 | |
| EPS (Basic) | 0.52↓35.0% | 0.80↑515.4% | 0.13↑133.3% | -0.39↑45.1% | -0.71 | |
| EPS (Diluted) | 0.52↓35.0% | 0.80↑515.4% | 0.13↑133.3% | -0.39↑45.1% | -0.71 | |
| Weighted Average Shares | 98↑3.2% | 95↑0.7% | 95↑1.9% | 93↑2.1% | 91 | |
| Weighted Average Diluted Shares | 99↑3.6% | 96↑1.0% | 95↑1.9% | 93↑2.1% | 91 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.