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.