Oil States International Inc (OIS) financial statements: income statement, balance sheet and cash flow
Oil States International Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Oil States International Inc reported revenue of $669.0M (-3.4% year on year) and net income of ($109.4M) (-871.5% year on year).
Income statement
Oil States International Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$669.0M
$692.6M
$782.3M
$737.7M
Cost of revenues (exclusive of depreciation and amortization expense presented below)
$535.7M
$536.2M
$606.9M
$578.6M
Selling, general and administrative expense
$90.4M
$95.0M
$94.2M
$96.0M
Depreciation and amortization expense
$47.4M
$54.7M
$60.8M
$67.3M
Long-lived and other asset impairments
$100.3M
—
—
—
Other operating income, net
($7.0M)
($16.2M)
($2.7M)
($7.1M)
Costs and expenses
$767.0M
$694.3M
$759.1M
$734.8M
Operating income (loss)
($98.0M)
($1.7M)
$23.2M
$2.9M
Interest expense
($7.7M)
($8.8M)
($9.6M)
($10.6M)
Interest income
$1.9M
$1.1M
$1.4M
$291.0K
Other income, net
$1.3M
$1.6M
$849.0K
$3.3M
Income (loss) before income taxes
($102.5M)
($7.9M)
$15.8M
($4.1M)
Income tax provision
($6.8M)
($3.4M)
($2.9M)
($5.5M)
Net income (loss)
($109.4M)
($11.3M)
$12.9M
($9.5M)
Basic (in dollars per share)
-$1.86
-$0.18
$0.20
-$0.15
Diluted (in dollars per share)
-$1.86
-$0.18
$0.20
-$0.15
Basic (in shares)
58.7M
62.0M
62.7M
61.6M
Diluted (in shares)
58.7M
62.0M
63.2M
61.6M
Oil States International Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$156.7M
$145.4M
$165.2M
$165.4M
Cost of revenues (exclusive of depreciation and amortization expense presented below)
$118.0M
$111.6M
$128.6M
$125.3M
Selling, general and administrative expense
$23.1M
$20.0M
$20.8M
$23.0M
Depreciation and amortization expense
$8.1M
$8.2M
$12.1M
$11.9M
Impairments of operating lease assets
$0
—
$0
$1.4M
Impairments of assets held for sale
$0
$1.4M
—
—
Other operating income, net
($4.2M)
($101.0K)
($1.1M)
($1.4M)
Costs and expenses
$144.9M
$141.1M
$160.4M
$160.1M
Operating income
$11.7M
$4.3M
$4.7M
$5.3M
Interest expense, net
($508.0K)
($1.2M)
($1.8M)
($1.7M)
Other income (expense), net
($3.3M)
$148.0K
$362.0K
$636.0K
Income before income taxes
$7.9M
$3.3M
$3.3M
$4.2M
Income tax provision
($2.0M)
($2.1M)
($1.4M)
($1.4M)
Net income
$5.9M
$1.1M
$1.9M
$2.8M
Basic (in dollars per share)
$0.10
$0.02
$0.03
$0.05
Diluted (in dollars per share)
$0.10
$0.02
$0.03
$0.05
Basic (in shares)
58.5M
57.8M
57.9M
59.2M
Diluted (in shares)
58.6M
58.4M
58.0M
59.2M
Balance sheet
Oil States International Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$69.9M
$65.4M
$47.1M
$42.0M
Accounts receivable, net
$202.4M
$194.3M
$203.2M
$218.8M
Inventories, net
$183.4M
$214.8M
$202.0M
$182.7M
Assets held for sale
$17.4M
—
—
—
Prepaid expenses and other current assets
$22.2M
$23.7M
$35.6M
$19.3M
Total current assets
$495.3M
$498.2M
$488.0M
$462.8M
Property, plant, and equipment, net
$244.4M
$266.9M
$280.4M
$303.8M
Operating lease assets, net
$12.7M
$19.5M
$22.0M
$23.0M
Goodwill, net
$70.5M
$69.7M
$79.9M
$79.3M
Other intangible assets, net
$31.5M
$125.9M
$153.0M
$169.8M
Other noncurrent assets
$29.0M
$24.9M
$23.3M
$25.7M
Total assets
$883.4M
$1.0B
$1.0B
$1.1B
Current portion of long-term debt
$53.4M
$633.0K
$627.0K
$17.8M
Accounts payable
$68.1M
$57.7M
$67.5M
$73.3M
Accrued liabilities
$38.5M
$36.9M
$44.2M
$49.1M
Current operating lease liabilities
$7.3M
$7.3M
$6.9M
$6.1M
Income taxes payable
$1.8M
$2.8M
$1.2M
$2.6M
Deferred revenue
$97.2M
$52.4M
$36.8M
$44.8M
Total current liabilities
$266.2M
$157.7M
$157.3M
$193.7M
Long-term debt
$1.7M
$124.7M
$135.5M
$135.1M
Long-term operating lease liabilities
$12.7M
$18.0M
$18.3M
$20.7M
Deferred income taxes
$5.8M
$5.3M
$7.7M
$6.7M
Other noncurrent liabilities
$24.0M
$18.8M
$18.1M
$18.8M
Total liabilities
$310.2M
$324.5M
$336.9M
$374.8M
Common stock, $.01 par value, 200,000,000 shares authorized, 80,538,758 shares and 78,605,848 shares issued, respectively
805.0K
786.0K
772.0K
766.0K
Additional paid-in capital
$1.1B
$1.1B
$1.1B
$1.1B
Retained earnings
$164.3M
$273.7M
$284.9M
$272.0M
Accumulated other comprehensive loss
($66.3M)
($79.5M)
($70.0M)
($78.9M)
Treasury stock, at cost, 20,882,840 and 17,112,853 shares, respectively
-671.3M
-652.2M
-635.4M
-626.6M
Total stockholders’ equity
$573.2M
$680.7M
$709.5M
$689.6M
Total liabilities and stockholders’ equity
$883.4M
$1.0B
$1.0B
$1.1B
Oil States International Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$19.8M
$59.0M
$67.1M
$53.9M
Accounts receivable, net
$196.9M
$187.2M
$201.6M
$196.7M
Inventories, net
$209.6M
$195.7M
$222.9M
$216.4M
Assets held for sale
$18.6M
$17.2M
—
—
Prepaid expenses and other current assets
$19.6M
$21.2M
$19.7M
$20.7M
Total current assets
$464.5M
$480.3M
$511.2M
$487.7M
Property, plant, and equipment, net
$232.2M
$238.7M
$273.3M
$273.7M
Operating lease assets, net
$13.9M
$13.5M
$16.4M
$17.8M
Goodwill, net
$70.3M
$70.3M
$70.5M
$70.8M
Other intangible assets, net
$28.6M
$30.0M
$114.7M
$118.7M
Other noncurrent assets
$29.8M
$29.5M
$26.3M
$25.2M
Total assets
$839.5M
$862.2M
$1.0B
$993.7M
Current portion of long-term debt
$650.0K
$53.4M
$103.1M
$108.8M
Accounts payable
$69.0M
$64.3M
$58.6M
$57.6M
Accrued liabilities
$32.2M
$30.1M
$37.9M
$35.4M
Current operating lease liabilities
$5.7M
$5.9M
$7.3M
$7.7M
Income taxes payable
$1.7M
$1.6M
$1.1M
$712.0K
Deferred revenue
$88.3M
$92.8M
$73.2M
$50.3M
Total current liabilities
$197.6M
$248.1M
$281.2M
$260.5M
Long-term debt
$17.8M
$1.5M
$1.9M
$1.9M
Long-term operating lease liabilities
$12.1M
$12.7M
$13.9M
$15.8M
Deferred income taxes
$5.6M
$5.5M
$6.8M
$6.5M
Other noncurrent liabilities
$25.0M
$23.4M
$19.6M
$18.4M
Total liabilities
$258.1M
$291.2M
$323.4M
$303.1M
Common stock, $.01 par value, 200,000,000 shares authorized, 82,179,784 shares and 80,538,758 shares issued, respectively
821.0K
815.0K
806.0K
806.0K
Additional paid-in capital
$1.2B
$1.1B
$1.1B
$1.1B
Retained earnings
$171.3M
$165.4M
$281.5M
$279.6M
Accumulated other comprehensive loss
($66.8M)
($67.5M)
($66.2M)
($64.9M)
Treasury stock, at cost, 21,836,542 and 20,882,840 shares, respectively
-680.3M
-675.2M
-670.9M
-666.7M
Total stockholders’ equity
$581.4M
$571.0M
$689.0M
$690.6M
Total liabilities and stockholders’ equity
$839.5M
$862.2M
$1.0B
$993.7M
Cash flow statement
Oil States International Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
($109.4M)
($11.3M)
$12.9M
($9.5M)
Depreciation and amortization expense
$47.4M
$54.7M
$60.8M
$67.3M
Impairments of long-lived assets, goodwill and assets held for sale
$100.3M
—
—
—
Impairment of inventories
$20.8M
—
$0
$0
Stock-based compensation expense
$7.7M
$8.7M
$7.0M
$6.9M
Amortization of deferred financing costs
$1.5M
$1.5M
$1.8M
$1.9M
Deferred income tax provision (benefit)
$585.0K
($2.4M)
$226.0K
$2.0M
Gains on disposals of assets
($7.7M)
($18.3M)
($4.1M)
($2.9M)
Net gains on extinguishment of 4.75% convertible senior notes
($120.0K)
($515.0K)
$0
($176.0K)
Other, net
($2.4M)
($452.0K)
($1.0M)
$2.1M
Accounts receivable
($4.1M)
$5.2M
$17.1M
($35.4M)
Inventories
$3.2M
($14.7M)
($19.8M)
($17.4M)
Accounts payable and accrued liabilities
$5.9M
($19.4M)
($11.7M)
$18.2M
Deferred revenue
$44.8M
$15.6M
($8.0M)
$1.6M
Other operating assets and liabilities, net
($3.4M)
$2.6M
$1.4M
($1.7M)
Net cash flows provided by operating activities
$105.1M
$45.9M
$56.6M
$32.9M
Capital expenditures
($31.2M)
($37.5M)
($30.7M)
($20.3M)
Proceeds from disposition of property and equipment
$11.8M
$5.6M
$5.3M
$5.9M
Proceeds from disposition of assets held for sale
$8.4M
$35.1M
—
—
Other, net
($108.0K)
($454.0K)
($186.0K)
($211.0K)
Net cash flows provided by (used in) investing activities
($11.1M)
$2.7M
($25.6M)
($22.7M)
Revolving credit facility borrowings
$564.0K
$22.7M
$35.8M
$10.1M
Revolving credit facility repayments
($564.0K)
($22.7M)
($35.8M)
($10.1M)
Purchases of 4.75% convertible senior notes
($70.4M)
($10.8M)
—
—
Repayment of 1.50% convertible senior notes
$0
$0
($17.3M)
($8.4M)
Other debt and finance lease repayments, net
($461.0K)
($652.0K)
($457.0K)
($732.0K)
Payment of financing costs
($188.0K)
($1.2M)
($128.0K)
($105.0K)
Purchases of treasury stock
($16.6M)
($14.2M)
($6.9M)
—
Shares added to treasury stock as a result of net share settlements due to vesting of stock awards
-2.5M
-2.6M
-1.9M
-1.0M
Net cash flows used in financing activities
($90.2M)
($29.5M)
($26.7M)
($20.3M)
Effect of exchange rate changes on cash and cash equivalents
$637.0K
($860.0K)
$819.0K
($682.0K)
Net change in cash and cash equivalents
$4.6M
$18.3M
$5.1M
($10.8M)
Cash and cash equivalents, beginning of period
$65.4M
$47.1M
$42.0M
$52.9M
Cash and cash equivalents, end of period
$69.9M
$65.4M
$47.1M
$42.0M
Interest
$7.2M
$7.4M
$7.9M
$8.3M
Income taxes, net
$7.1M
$3.8M
$1.3M
$534.0K
Oil States International Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$7.0M
$1.1M
$7.9M
$6.0M
Depreciation and amortization expense
$16.3M
$8.2M
$36.1M
$23.9M
Impairments of operating lease assets
$0
—
$1.4M
$1.4M
Impairments of assets held for sale
$1.4M
$1.4M
—
—
Stock-based compensation expense
$4.9M
$1.8M
$5.8M
$3.9M
Amortization of deferred financing costs
$910.0K
$758.0K
$1.2M
$660.0K
Deferred income tax provision (benefit)
($133.0K)
($58.0K)
$852.0K
$669.0K
Gains on disposals of assets
($4.8M)
($344.0K)
($5.5M)
($4.3M)
Losses (gains) on extinguishments of 4.75% convertible senior notes
$3.6M
—
($375.0K)
($381.0K)
Other, net
($2.6M)
($1.5M)
($2.2M)
($1.4M)
Accounts receivable
$4.7M
$14.5M
($3.4M)
$2.6M
Inventories
($26.7M)
($12.9M)
($5.3M)
$1.3M
Accounts payable and accrued liabilities
($8.0M)
($12.2M)
$2.7M
($1.0M)
Deferred revenue
($8.9M)
($4.4M)
$20.8M
($2.1M)
Other operating assets and liabilities, net
$4.2M
$1.6M
($4.9M)
($6.9M)
Net cash flows provided by (used in) operating activities
($8.1M)
($1.9M)
$55.0M
$24.3M
Capital expenditures
($7.1M)
($4.2M)
($28.2M)
($19.5M)
Proceeds from disposition of property and equipment
$737.0K
$396.0K
$5.4M
$4.2M
Proceeds from disposition of assets held for sale
$7.3M
$473.0K
$8.4M
$8.4M
Other, net
($9.0K)
($10.0K)
($99.0K)
($62.0K)
Net cash flows provided by (used in) investing activities
$865.0K
($3.4M)
($14.5M)
($6.9M)
Revolving credit facility borrowings
$67.7M
$83.0K
$512.0K
$204.0K
Revolving credit facility repayments
($49.2M)
($83.0K)
($512.0K)
($204.0K)
Extinguishments of 4.75% convertible senior notes
($50.5M)
—
($20.3M)
($14.3M)
Other debt and finance lease repayments, net
($355.0K)
($179.0K)
($283.0K)
($344.0K)
Payment of financing costs
($2.0M)
($1.9M)
($188.0K)
($7.0K)
Purchases of treasury stock
($5.1M)
$0
($16.2M)
($12.0M)
Shares added to treasury stock as a result of net share settlements due to vesting of stock awards
-4.0M
-4.0M
-2.5M
-2.4M
Net cash flows used in financing activities
($43.3M)
($6.0M)
($39.4M)
($29.1M)
Effect of exchange rate changes on cash and cash equivalents