FY2025 · ended Dec 31, 2025 · Revenue $1.32B, +1.7% YoY · Filed Mar 6, 2026
National Energy Services Reunited Corp. (NESR) files with the SEC under industry code 1389, Oil & Gas Field Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.3 billion and net income of $51.1 million. Free cash flow was $120.8 million. As of Jun 30, 2026 it held $175.0 million in cash and investments and $299.1 million in total debt.
Revenue
$1.32B
+1.7% vs prior year
Net income
$51.13M
-33.0% vs prior year
Operating cash flow
$264.24M
+15.2% vs prior year
Free cash flow
$120.79M
-2.8% vs prior year
EPS
$0.52
-35.0% vs prior year
Dividend per share
None
Shares outstanding
100.79M
+4.9% vs prior year
Net cash
$-124.07M
as of Jun 30, 2026
Operating margin
7.4%
FY 2025
Company profile
- Industry
- Oil & Gas Field Services, NEC (SIC 1389)
- Listed as
- NESR (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Virgin Islands, British
- Headquarters
- Houston, TX
- SEC filer status
- Accelerated filer
- SEC CIK
- 1698514
Other Oil & Gas Field Services, NEC companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2018 Dec 31, 2017 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.1B | $909.5M | — |
| Operating income | $98.3M | $137.7M | $80.7M | -$917,000 | -$4.2M |
| Net income | $51.1M | $76.3M | $12.6M | -$36.4M | $28.4M |
| Diluted EPS | $0.52 | $0.80 | $0.13 | -$0.39 | — |
| Operating cash flow | $264.2M | $229.3M | $177.0M | $92.6M | -$865,000 |
| Free cash flow | $120.8M | $124.2M | $108.8M | — | — |
| Total assets | $1.9B | $1.8B | $1.8B | $1.8B | $231.4M |
| Total liabilities | $883.6M | $865.4M | $976.2M | $1.0B | $230.1M |
| Stockholders' equity | $967.9M | $908.2M | $821.5M | $802.3M | — |
| Cash and investments | $124.8M | $108.0M | $67.8M | $78.9M | $741,096 |
| Total debt | $335.7M | $418.1M | $497.4M | $575.6M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Agreement ended, New debt
|
Nov 4, 2026 | Oct 29, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Auditor change
|
Aug 10, 2026 | Aug 4, 2026 |
| 8-K |
Current report
Officer or director change
|
Jul 21, 2026 | Jul 15, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
May 14, 2026 | May 13, 2026 |
All 271 National Energy Services Reunited Corp. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.