Financial Statements — NINE
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 16.85 | 11.25 | 14.39 | 14.22 | 17.27 | 15.65 | 26.03 | 10.24 | 12.16 | 41.12 | 21.37 | 21.49 | 22.41 | 19.94 | 29.97 | 33.13 | 52.98 |
| Accounts Receivable | 91.60 | 88.27 | 81.45 | 93.99 | 95.12 | 79.73 | 84.40 | 90.97 | 85.10 | 94.94 | 98.50 | 103.88 | 88.25 | 79.74 | 58.58 | 58.89 | 48.14 |
| Inventory | 48.77 | 50.55 | 56.81 | 54.21 | 51.19 | 55.83 | 59.71 | 56.34 | 58.66 | 63.36 | 67.03 | 52.96 | 48.95 | 45.96 | 43.02 | 41.30 | 38.76 |
| Total Current Assets | 171.30 | 174.86 | 162.90 | 175.73 | 174.58 | 157.62 | 178.33 | 167.69 | 162.54 | 207.96 | 196.20 | 188.64 | 172.69 | 158.98 | 143.86 | 143.30 | 154.14 |
| Property, Plant & Equipment | 106.57 | 109.01 | 66.42 | 68.79 | 68.56 | 73.66 | 77.06 | 81.23 | 83.98 | 87.36 | 87.65 | 75.66 | 77.99 | 81.81 | 83.75 | 88.49 | 96.53 |
| Intangible Assets | 8.90 | 9.10 | 70.86 | 73.65 | 76.45 | 82.04 | 84.84 | 87.63 | 93.26 | 96.15 | 99.05 | 104.84 | 107.74 | 111.50 | 119.31 | 123.34 | 127.43 |
| Total Non-current Assets* | 146.36 | 151.19 | 177.80 | 185.43 | 184.60 | 195.62 | 203.39 | 212.72 | 224.30 | 230.52 | 230.50 | 218.84 | 223.05 | 231.89 | 242.03 | 251.34 | 264.91 |
| Total Assets | 317.65 | 326.04 | 340.70 | 361.17 | 359.18 | 353.23 | 381.72 | 380.41 | 386.84 | 438.48 | 426.69 | 407.48 | 395.75 | 390.87 | 385.88 | 394.64 | 419.05 |
| Accounts Payable | 44.45 | 41.45 | 37.07 | 44.15 | 46.49 | 30.47 | 39.40 | 38.83 | 22.90 | 37.52 | 37.49 | 38.15 | 35.47 | 29.89 | 23.71 | 28.60 | 21.39 |
| Total Current Liabilities | 73.09 | 81.97 | 73.80 | 93.93 | 86.03 | 64.10 | 82.96 | 73.85 | 58.14 | 83.81 | 72.97 | 102.66 | 93.36 | 67.74 | 61.11 | 54.40 | 53.79 |
| Long-term Debt | 97.34 | 90.44 | 339.39 | 323.45 | 319.14 | 318.47 | 318.75 | 317.10 | 319.01 | 332.56 | 331.53 | 305.63 | 318.15 | 337.73 | 318.31 | 318.17 | 317.75 |
| Total Non-current Liabilities* | 114.99 | 110.09 | 362.77 | 348.97 | 345.27 | 346.69 | 348.47 | 349.87 | 354.82 | 368.08 | 365.07 | 336.90 | 348.71 | 368.50 | 349.50 | 349.97 | 351.18 |
| Total Liabilities | 188.09 | 192.06 | 436.57 | 442.90 | 431.29 | 410.79 | 431.44 | 423.72 | 412.96 | 451.89 | 438.04 | 439.56 | 442.06 | 436.24 | 410.62 | 404.37 | 404.97 |
| Retained Earnings | (6.14) | (1.25) | (899.41) | (884.76) | (874.37) | (858.47) | (848.33) | (834.28) | (815.92) | (802.66) | (800.13) | (802.00) | (816.29) | (815.31) | (792.66) | (776.61) | (752.08) |
| Total Stockholder Equity | 129.57 | 133.98 | (95.87) | (81.74) | (72.11) | (57.56) | (49.71) | (43.31) | (26.12) | (13.41) | (11.34) | (32.08) | (46.32) | (45.37) | (24.73) | (9.73) | 14.08 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 141.81 | 88.39 | 132.17 | 132.03 | 147.25 | 150.47 | 141.43 | 138.16 | 132.40 | 142.12 | 144.07 | 140.62 | 161.43 | 163.41 | 166.67 | 167.43 | 142.35 | 116.94 | 105.09 | 92.87 |
| Selling, General & Admin | 15.61 | 13.05 | 19.85 | 12.76 | 13.87 | 13.26 | 14.19 | 12.37 | 12.48 | 12.27 | 12.81 | 13.06 | 14.23 | 19.71 | 13.89 | 13.48 | 12.46 | 11.84 | 11.80 | 11.11 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (2.89) | (11.01) | (5.49) | (1.17) | 3.38 | 5.63 | 3.51 | 2.45 | (1.44) | 4.42 | 2.19 | (0.81) | 9.31 | 6.88 | 16.31 | 19.76 | 6.42 | 1.08 | (8.14) | (8.08) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12.79 | 12.81 | 12.86 | 12.99 | 12.45 | -- | 8.13 | 8.13 | 8.08 | -- | 7.97 |
| Pretax Income | (4.51) | 107.99 | (19.11) | (14.59) | (10.84) | (6.95) | (9.01) | (10.07) | (13.90) | (7.90) | (10.13) | (13.05) | (3.22) | (5.22) | 8.45 | 14.78 | (1.50) | (6.79) | (15.94) | (16.01) |
| Tax Provision | 0.38 | 0.11 | 0.12 | 0.05 | (0.45) | 0.12 | (0.17) | 0.07 | 0.14 | 0.15 | 0.17 | 0.22 | (0.68) | 0.88 | 0.47 | 0.49 | (0.52) | 0.11 | (0.19) | 0.04 |
| Net Income | (4.89) | 107.88 | (19.22) | (14.65) | (10.39) | (7.06) | (8.84) | (10.14) | (14.04) | (8.05) | (10.30) | (13.26) | (2.54) | (6.11) | 7.98 | 14.29 | (0.98) | (6.90) | (15.75) | (16.05) |
| Basic EPS | (0.35) | 2.65 | (0.47) | (0.35) | (0.25) | (0.18) | (0.21) | (0.26) | (0.40) | (0.24) | (0.31) | (0.39) | (0.08) | (0.19) | 0.27 | 0.46 | (0.03) | (0.23) | (0.51) | (0.53) |
| Diluted EPS | (0.35) | 2.65 | (0.47) | (0.35) | (0.25) | (0.18) | (0.21) | (0.26) | (0.40) | (0.24) | (0.31) | (0.39) | (0.08) | (0.19) | 0.26 | 0.45 | (0.03) | (0.23) | (0.51) | (0.53) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (4.71) | (9.95) | (2.17) | (9.94) | 10.09 | (5.28) | 14.99 | (5.85) | 12.89 | (8.84) | 24.32 | (9.91) | 27.13 | 3.97 | 8.44 | 15.12 | (0.43) | (6.46) | (13.71) | (1.83) |
| Capital Expenditures | 7.54 | 2.95 | 2.62 | 3.47 | 5.87 | 3.98 | 3.24 | 3.40 | 2.64 | 5.49 | 8.52 | 3.78 | 5.97 | 6.34 | 19.19 | 5.42 | 3.07 | 0.88 | 9.93 | 1.71 |
| Free Cash Flow* | (12.25) | (12.90) | (4.80) | (13.41) | 4.22 | (9.26) | 11.75 | (9.25) | 10.26 | (14.32) | 15.81 | (13.68) | 21.16 | (2.38) | (10.75) | 9.70 | (3.50) | (7.33) | (23.64) | (3.55) |
| Investing Cash Flow | (7.32) | (2.04) | (0.43) | (3.42) | (5.76) | (3.98) | (3.00) | (3.08) | (2.63) | (5.46) | (8.44) | (3.61) | (5.82) | (5.28) | (19.17) | (4.62) | (2.97) | 1.34 | (10.09) | (0.70) |
| Financing Cash Flow | 1.83 | 20.50 | 6.30 | 12.03 | (3.91) | (1.56) | 0.43 | (1.40) | 5.50 | (6.22) | 2.70 | (15.46) | (1.48) | 5.34 | 6.66 | (11.33) | 5.95 | 3.57 | 15.36 | (0.60) |
* Derived from reported values
