Ranger Energy Services Inc (RNGR) financial statements: income statement, balance sheet and cash flow

Ranger Energy Services 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), Ranger Energy Services Inc reported revenue of $546.9M (-4.2% year on year) and net income of $12.3M (-33.2% year on year).

Income statement

Ranger Energy Services Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Total revenue	$546.9M	$571.1M	$636.6M	$608.5M
Total cost of services (exclusive of depreciation and amortization)	$456.6M	$472.8M	$531.7M	$503.9M
General and administrative	$29.6M	$27.8M	$29.5M	$39.9M
Depreciation and amortization	$46.3M	$44.1M	$39.9M	$44.4M
Impairment of assets	$400.0K	$0	$400.0K	$1.3M
Gain on sale of assets	($1.4M)	($2.2M)	($1.8M)	($700.0K)
Total operating expenses	$531.5M	$542.5M	$599.7M	$588.8M
Operating income	$15.4M	$28.6M	$36.9M	$19.7M
Interest expense, net	$1.2M	$2.6M	$3.5M	$7.3M
Other income, net	($3.6M)	—	—	—
Total other expenses	($2.4M)	$2.6M	$5.9M	$3.7M
Income before income tax expense	$17.8M	$26.0M	$31.0M	$16.0M
Income tax expense	$5.5M	$7.6M	$7.2M	$900.0K
Net income	$12.3M	$18.4M	$23.8M	$15.1M
Basic (in dollars per share)	$0.55	$0.82	$0.97	$0.66
Diluted (in dollars per share)	$0.54	$0.81	$0.95	$0.65
Basic (in shares)	22.4M	22.5M	24.6M	23.0M
Diluted (in shares)	22.7M	22.9M	25.0M	23.4M

Ranger Energy Services Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Total revenue	$176.5M	$159.1M	$128.9M	$140.6M
Total cost of services (exclusive of depreciation and amortization)	$142.7M	$130.6M	$109.1M	$115.0M
General and administrative	$7.6M	$7.8M	$6.6M	$7.0M
Depreciation and amortization	$15.6M	$16.2M	$11.0M	$10.9M
Impairment of assets	$0	$0	$0	$0
Gain on sale of assets	($1.2M)	($600.0K)	($400.0K)	($900.0K)
Total operating expenses	$164.7M	$154.0M	$126.3M	$132.0M
Operating income	$11.8M	$5.1M	$2.6M	$8.6M
Interest expense, net	$1.1M	$800.0K	$400.0K	$100.0K
Other expense (income), net	$400.0K	$300.0K	($300.0K)	($1.6M)
Total other expense (income), net	$1.5M	$1.1M	$100.0K	($1.5M)
Income before income tax expense	$10.3M	$4.0M	$2.5M	$10.1M
Income tax expense	$3.4M	$1.0M	$1.3M	$2.8M
Net income	$6.9M	$3.0M	$1.2M	$7.3M
Basic (in dollars per share)	$0.29	$0.13	$0.06	$0.33
Diluted (in dollars per share)	$0.29	$0.12	$0.05	$0.32
Basic (in shares)	23.7M	23.6M	21.8M	22.5M
Diluted (in shares)	24.0M	24.0M	22.1M	22.7M

Balance sheet

Ranger Energy Services 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	$10.3M	$40.9M	$15.7M	$3.7M
Accounts receivable, net	$77.9M	$68.4M	$85.4M	$91.2M
Contract assets	$17.1M	$16.7M	$17.7M	$26.9M
Inventory	$3.1M	$5.7M	$6.4M	$5.9M
Prepaid expenses and other current assets	$12.5M	—	—	—
Assets held for sale	$300.0K	$800.0K	$600.0K	$3.2M
Total current assets	$121.2M	$143.9M	$135.4M	$140.1M
Property and equipment, net	$280.9M	$224.3M	$226.3M	$221.6M
Intangible assets, net	$4.9M	$5.6M	$6.3M	$7.1M
Operating leases, right-of-use assets	$11.0M	$7.0M	$9.0M	$11.2M
Other assets	$1.3M	$800.0K	$1.0M	$1.6M
Total assets	$419.3M	$381.6M	$378.0M	$381.6M
Accounts payable	$25.3M	$27.2M	$31.3M	$24.3M
Accrued expenses	$25.4M	$28.2M	$29.6M	$36.1M
Other financing liability, current portion	$700.0K	$700.0K	$600.0K	$700.0K
Borrowings under Revolving Credit Facility	$3.5M	$0	$100.0K	$6.8M
Short-term lease liability	$11.3M	$8.7M	$7.3M	—
Other current liabilities	$3.0M	$400.0K	$100.0K	$6.6M
Total current liabilities	$69.2M	$65.2M	$69.0M	$74.5M
Long-term lease liability	$16.8M	$14.1M	$14.9M	—
Other financing liability	$9.6M	$10.3M	$11.0M	$11.6M
Deferred tax liability	$23.5M	$18.2M	$11.3M	—
Other long-term liabilities	$100.0K	—	—	$8.1M
Total liabilities	$119.2M	$107.8M	$106.2M	$115.4M
Preferred stock, $0.01 per share; 50,000,000 shares authorized; 0 Series A shares issued and outstanding as of December 31, 2025 and 2024	$0.00	$0.00	$0.00	$0.00
Common stock, value	$300.0K	$300.0K	$300.0K	$300.0K
Less: Class A Common Stock held in treasury at cost; 4,872,028 treasury shares as of December 31, 2025 and 3,877,628 treasury shares as of December 31, 2024	-50.9M	-38.6M	-23.1M	-3.8M
Retained earnings	$48.9M	$42.2M	$28.4M	$7.1M
Additional paid-in capital	$301.8M	$269.9M	$266.2M	$262.6M
Total stockholders' equity	$300.1M	$273.8M	$271.8M	$266.2M
Total liabilities and stockholders' equity	$419.3M	$381.6M	$378.0M	$381.6M

Ranger Energy Services Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$4.2M	$6.9M	$45.2M	$48.9M
Accounts receivable, net	$123.5M	$119.1M	$74.1M	$69.5M
Contract assets	$34.4M	$19.8M	$15.7M	$18.5M
Inventory	$3.0M	$3.1M	$4.0M	$5.6M
Prepaid expenses and other current assets	$8.4M	$9.7M	$7.8M	$8.7M
Assets held for sale	$300.0K	$300.0K	$400.0K	$400.0K
Total current assets	$173.8M	$158.9M	$147.2M	$151.6M
Property and equipment, net	$278.5M	$284.1M	$214.9M	$218.6M
Intangible assets, net	$4.5M	$4.7M	$5.0M	$5.2M
Operating leases, right-of-use assets	$9.4M	$10.1M	$4.9M	$5.3M
Other assets	$1.4M	$1.4M	$800.0K	$1.0M
Total assets	$467.6M	$459.2M	$372.8M	$381.7M
Accounts payable	$29.5M	$23.3M	$24.3M	$23.6M
Accrued expenses	$40.1M	$28.5M	$25.5M	$28.3M
Other financing liability, current portion	$800.0K	$700.0K	$700.0K	$700.0K
Long-term debt, current portion	$13.7M	$26.8M	—	—
Short-term lease liability	$10.6M	$10.7M	$8.5M	$8.7M
Other current liabilities	$5.8M	$5.8M	$700.0K	$0
Total current liabilities	$100.5M	$95.8M	$59.7M	$61.3M
Long-term lease liability	$14.8M	$15.8M	$11.4M	$12.9M
Other financing liability	$9.2M	$9.4M	$9.8M	$9.9M
Deferred tax liability	$27.2M	$24.3M	$21.8M	$20.7M
Contract liabilities	$12.9M	$13.4M	—	—
Other long-term liabilities	$100.0K	$100.0K	$100.0K	—
Total liabilities	$164.7M	$158.8M	$102.8M	$104.8M
Preferred stock, $0.01 per share; 50,000,000 shares authorized; no shares issued or outstanding as of June 30, 2026 and December 31, 2025	$0.00	$0.00	$0.00	$0.00
Common stock	$300.0K	$300.0K	$300.0K	$300.0K
Less: Class A Common Stock held in treasury at cost; 4,155,728 treasury shares as of September 30, 2025 and 3,877,628 treasury shares as of December 31, 2024	-55.9M	-51.4M	-50.2M	-41.9M
Retained earnings	$55.9M	$50.5M	$47.2M	$47.3M
Additional paid-in capital	$302.6M	$301.0M	$272.7M	$271.2M
Total stockholders' equity	$302.9M	$300.4M	$270.0M	$276.9M
Total liabilities and stockholders' equity	$467.6M	$459.2M	$372.8M	$381.7M

Cash flow statement

Ranger Energy Services 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	$12.3M	$18.4M	$23.8M	$15.1M
Depreciation and amortization	$46.3M	$44.1M	$39.9M	$44.4M
Equity based compensation	$6.5M	$5.8M	$4.8M	$3.8M
Gain on sale of assets	($1.4M)	($2.2M)	($1.8M)	—
Deferred income tax expense	$5.4M	$6.9M	$6.6M	$400.0K
Impairment of assets	$400.0K	$0	$400.0K	$1.3M
Other expenses	$2.6M	$1.3M	$2.3M	$400.0K
Accounts receivable, net	$16.3M	$16.7M	$5.3M	($10.7M)
Contract assets	($400.0K)	$1.0M	$9.2M	($13.9M)
Inventory	$200.0K	$400.0K	($900.0K)	($3.4M)
Prepaid expenses and other current assets	($1.0M)	($1.8M)	($400.0K)	($800.0K)
Other assets	$1.9M	$2.1M	$2.1M	($1.9M)
Accounts payable	($9.8M)	($3.7M)	$6.6M	$2.8M
Accrued expenses	($7.4M)	($2.4M)	($7.2M)	$5.8M
Other current liabilities	($2.7M)	($2.6M)	$300.0K	$1.1M
Other long-term liabilities	($200.0K)	$500.0K	($2.6M)	$3.7M
Net cash provided by operating activities	$69.0M	$84.5M	$90.8M	$44.5M
Purchase of property and equipment	($26.1M)	($34.1M)	($36.5M)	($13.8M)
Proceeds from disposal of property and equipment	$2.5M	$3.0M	$6.8M	$24.3M
Purchase of business, net of cash received	($52.5M)	—	—	$800.0K
Net cash used in investing activities	($76.1M)	($31.1M)	($29.7M)	$11.3M
Borrowings under Revolving Credit Facility	$43.0M	$27.3M	$325.2M	$582.8M
Principal payments on Revolving Credit Facility	($39.5M)	($27.3M)	($338.1M)	($622.9M)
Principal payments on financing lease obligations	($6.6M)	($5.7M)	($5.4M)	($4.5M)
Principal payments on other financing liabilities	($700.0K)	($600.0K)	($800.0K)	($2.3M)
Dividends paid to Class A Common Stock stockholders	($5.5M)	($4.5M)	($2.4M)	—
Shares withheld for equity compensation	-2.0M	-1.8M	-1.0M	-1.2M
Payments on Other Installment Purchases	$0	($100.0K)	($400.0K)	—
Repurchase of Class A Common Stock	($12.2M)	($15.5M)	($19.3M)	—
Net cash used in financing activities	($23.5M)	($28.2M)	($49.1M)	($52.7M)
Increase (decrease) in cash and cash equivalents	($30.6M)	$25.2M	$12.0M	$3.1M
Cash and cash equivalents, Beginning of Period	$40.9M	$15.7M	$3.7M	$600.0K
Cash and cash equivalents, End of Period	$10.3M	—	—	—
Interest paid	$2.0M	$2.0M	$1.4M	$1.2M
Capital expenditures included in accounts payable and accrued liabilities	($100.0K)	$400.0K	($500.0K)	$200.0K
Additions to fixed assets through installment purchases and financing leases	($8.9M)	($8.6M)	($10.0M)	($5.5M)
Additions to fixed assets through asset trades	($1.8M)	($4.6M)	($1.1M)	—
Shares issued for the purchase of a business	-27.5M	—	—	0

Ranger Energy Services 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	$9.9M	$3.0M	$9.1M	$7.9M
Depreciation and amortization	$31.8M	$16.2M	$32.5M	$21.5M
Equity based compensation	$3.3M	$1.6M	$4.9M	$3.2M
Gain on sale of assets	($1.8M)	($600.0K)	($600.0K)	($200.0K)
Deferred income tax expense	$3.6M	$800.0K	$3.6M	$2.5M
Impairment of assets	$0	$0	$400.0K	$400.0K
Change in fair value of contingent consideration	$700.0K	$300.0K	—	—
Other expenses	$600.0K	$500.0K	$2.0M	$900.0K
Accounts receivable, net	($45.1M)	($42.4M)	($6.0M)	($1.3M)
Contract assets	($17.3M)	($2.7M)	$1.0M	($1.8M)
Inventory	($100.0K)	($100.0K)	($100.0K)	($100.0K)
Prepaid expenses and other current assets	$4.1M	$2.8M	$3.6M	$2.7M
Other assets	$1.6M	$800.0K	$1.7M	$1.2M
Accounts payable	$3.8M	($1.5M)	($2.9M)	($3.6M)
Accrued expenses	$15.3M	$4.4M	($2.6M)	($300.0K)
Other current liabilities	($800.0K)	($100.0K)	($1.8M)	($1.7M)
Other long-term liabilities	$13.4M	$13.6M	$100.0K	$0
Net cash provided by operating activities	$23.0M	($3.4M)	$44.9M	$31.3M
Purchase of property and equipment	($24.7M)	($18.3M)	($19.1M)	($13.5M)
Proceeds from disposal of property and equipment	$1.3M	$1.0M	$1.6M	$1.9M
Net cash used in investing activities	($23.4M)	($17.3M)	($17.5M)	($11.6M)
Borrowings under Revolving Credit Facility	$68.3M	$42.3M	$300.0K	$200.0K
Principal payments on Revolving Credit Facility	($58.1M)	($19.1M)	($300.0K)	($200.0K)
Principal payments on financing lease obligations	($5.2M)	($2.9M)	($5.1M)	($3.4M)
Principal payments on other financing liabilities	($300.0K)	($200.0K)	($500.0K)	($300.0K)
Dividends paid to Class A Common Stock stockholders	($3.0M)	$0	($4.1M)	($2.8M)
Shares withheld for equity compensation	-2.4M	-2.3M	-1.9M	-1.9M
Repurchase of Class A Common Stock	($5.0M)	($500.0K)	($11.5M)	($3.3M)
Net cash used in financing activities	($5.7M)	$17.3M	($23.1M)	($11.7M)
Decrease in cash and cash equivalents	($6.1M)	($3.4M)	$4.3M	$8.0M
Cash and cash equivalents, Beginning of Period	$10.3M	$10.3M	$40.9M	$40.9M
Cash and cash equivalents, End of Period	$4.2M	$6.9M	$45.2M	$48.9M
Interest paid	$1.1M	$400.0K	$1.5M	$1.0M
Capital expenditures included in accounts payable and accrued liabilities	($500.0K)	$200.0K	$100.0K	$100.0K
Additions to fixed assets through installment purchases and financing leases	($3.3M)	($1.5M)	($4.2M)	($3.5M)
Additions to fixed assets through asset trades	($1.4M)	$0	($1.6M)	($900.0K)

Ranger Energy Services Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.