Expro Group Holdings NV (XPRO) financial statements: income statement, balance sheet and cash flow
Expro Group Holdings NV'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), Expro Group Holdings NV reported revenue of $1.6B (-6.2% year on year) and net income of $51.7M (-0.4% year on year).
Income statement
Expro Group Holdings NV income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$1.6B
$1.7B
$1.5B
$1.3B
Cost of revenue, excluding depreciation and amortization
($1.2B)
($1.3B)
($1.2B)
($1.1B)
General and administrative expense, excluding depreciation and amortization
($76.0M)
($88.4M)
($64.3M)
($58.4M)
Depreciation and amortization expense
($192.1M)
($163.5M)
($172.3M)
($139.8M)
Merger and integration expense
($6.2M)
($16.3M)
($9.8M)
($13.6M)
Severance and other expense
($28.5M)
($17.0M)
($14.4M)
($7.8M)
Total operating cost and expenses
($1.5B)
($1.6B)
($1.5B)
($1.3B)
Operating income
$81.1M
$94.2M
$10.8M
$2.5M
Other income (expenses), net
$2.6M
($105.0K)
$1.2M
$3.1M
Interest and finance expense, net
($14.3M)
($12.5M)
($3.9M)
($241.0K)
Income before taxes and equity in income of joint ventures
$69.5M
$81.5M
$8.1M
$5.4M
Equity in income of joint ventures
$16.8M
$16.4M
$12.9M
$15.7M
Income before income taxes
$86.3M
$98.0M
$20.9M
$21.1M
Income tax expense
($34.7M)
($46.0M)
($44.3M)
($41.2M)
Net income (loss)
$51.7M
$51.9M
($23.4M)
($20.1M)
Basic (in dollars per share)
$0.45
$0.45
-$0.21
-$0.18
Diluted (in dollars per share)
$0.45
$0.45
—
—
Basic (in shares)
115.0M
114.8M
109.2M
109.1M
Diluted (in shares)
115.7M
115.8M
—
—
Expro Group Holdings NV income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$393.2M
$367.6M
$411.4M
$422.7M
Cost of revenue, excluding depreciation and amortization expense
($311.2M)
($297.6M)
($311.1M)
($320.0M)
General and administrative expense, excluding depreciation and amortization expense
($19.7M)
($17.9M)
($20.5M)
($14.5M)
Depreciation and amortization expense
($45.8M)
($45.4M)
($46.2M)
($46.7M)
Merger and integration expense
($3.6M)
($288.0K)
($1.3M)
($2.3M)
Severance and other expense
($2.6M)
($3.2M)
($5.8M)
($6.7M)
Total operating cost and expenses
($382.8M)
($364.4M)
($384.9M)
($390.2M)
Operating income
$10.4M
$3.2M
$26.5M
$32.6M
Other (expense) income, net
($242.0K)
$347.0K
$524.0K
$280.0K
Interest and finance expense, net
($2.7M)
($1.6M)
($4.1M)
($4.3M)
Income before taxes and equity in income of joint ventures
$7.4M
$2.0M
$22.9M
$28.6M
Equity in income of joint ventures
$2.8M
$3.2M
$5.9M
$3.4M
Income before income taxes
$10.2M
$5.2M
$28.8M
$32.0M
Income tax expense
($8.2M)
($6.2M)
($14.8M)
($14.0M)
Net income
$2.0M
($1.0M)
$14.0M
$18.0M
Basic (in dollars per share)
$0.02
-$0.01
$0.12
$0.16
Diluted (in dollars per share)
$0.02
-$0.01
$0.12
$0.16
Basic (in shares)
113.1M
113.6M
114.8M
115.4M
Diluted (in shares)
114.4M
113.6M
115.4M
115.5M
Balance sheet
Expro Group Holdings NV 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
$196.1M
$183.0M
$151.7M
$214.8M
Restricted cash
$1.4M
$1.6M
$1.4M
$3.7M
Accounts receivable, net
$477.0M
$517.6M
$469.1M
$419.2M
Inventories
$167.9M
$159.0M
$143.3M
$153.7M
Income tax receivables
$31.7M
$28.6M
$27.6M
$26.9M
Other current assets
$86.3M
$74.1M
$58.4M
$45.0M
Total current assets
$960.3M
$964.0M
$851.6M
$865.5M
Property, plant and equipment, net
$523.2M
$563.7M
$513.2M
$462.3M
Investments in joint ventures
$78.7M
$73.0M
$66.4M
$66.0M
Intangible assets, net
$251.3M
$298.9M
$239.7M
$229.5M
Goodwill
$348.6M
$348.9M
$247.7M
$221.0M
Operating lease right-of-use assets
$72.8M
$66.6M
$72.3M
$74.9M
Non-current accounts receivable, net
$7.4M
$7.4M
$9.8M
$9.7M
Other non-current assets
$17.1M
$10.9M
$12.3M
$8.3M
Total assets
$2.3B
$2.3B
$2.0B
$1.9B
Accounts payable and accrued liabilities
$268.6M
$340.3M
$326.1M
$272.7M
Income tax liabilities
$51.1M
$52.4M
$45.1M
$37.2M
Finance lease liabilities
$2.4M
$2.2M
$2.0M
$1.0M
Operating lease liabilities
$18.2M
$17.3M
$17.5M
$19.1M
Other current liabilities
$103.4M
$72.2M
$98.1M
$107.8M
Total current liabilities
$443.7M
$484.4M
$488.9M
$437.7M
Long-term borrowings
$79.1M
$121.1M
$20.0M
—
Deferred tax liabilities, net
$19.5M
$44.3M
$22.7M
$30.4M
Post-retirement benefits
$314.0K
$10.4M
$10.4M
$11.3M
Finance lease liabilities
$12.8M
$14.0M
$16.4M
$13.8M
Operating lease liabilities
$56.1M
$48.5M
$55.0M
$60.8M
Uncertain tax positions
$77.9M
$74.5M
$59.5M
—
Other non-current liabilities
$36.0M
$44.8M
$44.2M
$97.2M
Total liabilities
$725.3M
$842.1M
$717.1M
$651.3M
Common stock, €0.06 nominal value, 200,000 shares authorized, 122,384 and 121,091 shares issued
8.6M
8.5M
8.1M
7.9M
Treasury stock (at cost), 8,823 and 4,796 shares
-127.1M
-83.4M
-64.7M
—
Additional paid-in capital
$2.1B
$2.1B
$1.9B
$1.8B
Accumulated other comprehensive income
$18.1M
$14.5M
$22.3M
$27.5M
Accumulated deficit
($475.5M)
($527.2M)
($579.1M)
($555.8M)
Total stockholders’ equity
$1.5B
$1.5B
$1.3B
$1.3B
Total liabilities and stockholders’ equity
$2.3B
$2.3B
$2.0B
$1.9B
Expro Group Holdings NV balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$199.5M
$170.7M
$197.9M
$206.8M
Restricted cash
$35.0K
$35.0K
$744.0K
$655.0K
Accounts receivable, net
$477.2M
$492.2M
$493.1M
$505.1M
Inventories
$170.6M
$168.1M
$171.7M
$168.1M
Income tax receivables
$38.2M
$40.4M
$34.6M
$36.7M
Other current assets
$98.2M
$92.7M
$84.0M
$84.8M
Total current assets
$983.8M
$964.1M
$982.0M
$1.0B
Property, plant and equipment, net
$514.6M
$509.9M
$533.6M
$540.4M
Investments in joint ventures
$79.8M
$77.2M
$81.3M
$79.6M
Intangible assets, net
$228.0M
$240.5M
$260.7M
$273.5M
Goodwill
$348.6M
$348.6M
$348.6M
$348.6M
Operating lease right-of-use assets
$77.8M
$78.6M
$73.7M
$74.3M
Non-current accounts receivable, net
$7.4M
$7.4M
$7.4M
$7.4M
Post-retirement benefits
$3.4M
($1.5M)
—
—
Other non-current assets
$17.0M
$17.1M
$17.9M
$12.2M
Total assets
$2.3B
$2.2B
$2.3B
$2.3B
Accounts payable and accrued liabilities
$304.8M
$273.4M
$299.2M
$316.8M
Income tax liabilities
$54.1M
$57.1M
$50.3M
$48.9M
Finance lease liabilities
$1.5M
$1.6M
$2.4M
$2.4M
Operating lease liabilities
$20.3M
$19.2M
$17.5M
$17.5M
Other current liabilities
$99.8M
$101.3M
$95.0M
$82.9M
Total current liabilities
$480.6M
$452.6M
$464.5M
$468.4M
Long-term borrowings
$79.1M
$79.1M
$99.1M
$121.1M
Deferred tax liabilities, net
$15.2M
$17.7M
$21.6M
$22.8M
Post-retirement benefits
$0
$0
$5.8M
$7.8M
Non-current finance lease liabilities
$12.1M
$12.8M
$13.0M
$13.8M
Non-current operating lease liabilities
$58.3M
$59.6M
$57.9M
$58.7M
Uncertain tax positions
$73.4M
$72.1M
$80.7M
$79.6M
Other non-current liabilities
$36.2M
$35.6M
$45.5M
$46.1M
Total liabilities
$754.8M
$729.5M
$788.1M
$818.2M
Common stock, €0.06 nominal value, 200,000 shares authorized, 122,590 and 122,384 shares issued
8.6M
8.6M
—
—
Treasury stock (at cost) 10,379 and 8,823 shares
-154.2M
-135.9M
-126.9M
-101.9M
Additional paid-in capital
$2.1B
$2.1B
$2.1B
$2.1B
Accumulated other comprehensive income
$17.9M
$18.0M
$14.3M
$14.3M
Accumulated deficit
($474.5M)
($476.6M)
($481.3M)
($495.3M)
Total stockholders’ equity
$1.5B
$1.5B
$1.5B
$1.5B
Total liabilities and stockholders’ equity
$2.3B
$2.2B
$2.3B
$2.3B
Cash flow statement
Expro Group Holdings NV 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)
$51.7M
$51.9M
($23.4M)
($20.1M)
Depreciation and amortization expense
$192.1M
$163.5M
$172.3M
$139.8M
Equity in income of joint ventures
($16.8M)
($16.4M)
($12.9M)
($15.7M)
Stock-based compensation expense
$29.2M
$26.4M
$19.6M
$18.5M
Elimination of unrealized profit on sales to joint ventures
$231.0K
$4.0K
$4.2M
$0
Deferred taxes
($19.3M)
($5.8M)
($10.5M)
($1.3M)
Unrealized foreign exchange (gain) loss
($8.1M)
$5.9M
$5.7M
$6.1M
Changes in fair value of contingent consideration
($283.0K)
($6.1M)
$576.0K
—
Accounts receivable, net
$41.6M
($17.3M)
($34.9M)
($97.8M)
Inventories
($8.9M)
$4.9M
$10.6M
($26.0M)
Other assets
($17.9M)
($12.4M)
($16.7M)
$4.4M
Accounts payable and accrued liabilities
($65.1M)
($11.1M)
$34.6M
$35.5M
Other liabilities
$29.3M
($19.8M)
($18.3M)
$31.4M
Income taxes, net
($973.0K)
$11.9M
$8.8M
$10.2M
Dividends received from joint ventures
$10.9M
$8.2M
$8.3M
$7.3M
Other
($7.6M)
($14.3M)
($9.6M)
($13.2M)
Net cash provided by operating activities
$210.2M
$169.5M
$138.3M
$80.2M
Capital expenditures
($112.4M)
($143.6M)
($122.1M)
($81.9M)
Payment for acquired businesses, net of cash acquired
$0
($32.0M)
($28.7M)
—
Proceeds from settlement of contingent consideration
$0
$7.5M
—
—
Proceeds from disposal of assets
$5.0M
$2.9M
$2.0M
$7.3M
Proceeds from sale / maturity of investments
$0
$0
$572.0K
$11.4M
Net cash used in investing activities
($107.4M)
($165.1M)
($148.2M)
($71.2M)
(Cash pledged for) release of collateral deposits
($447.0K)
$1.2M
($217.0K)
($70.0K)
Payment of contingent consideration
$0
($13.9M)
—
—
Proceeds from long-term borrowings
$0
$117.3M
$50.0M
—
Repayments of long-term borrowings
($42.0M)
($44.4M)
($65.1M)
—
Repurchase of common stock
($40.1M)
($14.2M)
($20.0M)
($13.0M)
Payment of withholding taxes on stock-based compensation plans
($1.7M)
($3.4M)
($2.6M)
($4.2M)
Repayment of financed insurance premium
($10.7M)
($10.9M)
($9.3M)
($7.2M)
Repayments of finance leases
($1.8M)
($2.1M)
($2.1M)
($1.0M)
Net cash (used in) provided by financing activities
($96.7M)
$29.6M
($49.3M)
($25.6M)
Effect of exchange rate changes on cash and cash equivalents
$6.7M
($2.4M)
($6.0M)
($4.7M)
Net increase (decrease) to cash and cash equivalents and restricted cash
$12.8M
$31.5M
($65.3M)
($21.4M)
Cash and cash equivalents and restricted cash at beginning of year
$184.7M
$153.2M
$218.5M
$239.8M
Cash and cash equivalents and restricted cash at end of year
$197.5M
$184.7M
$153.2M
$218.5M
Expro Group Holdings NV cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$994.0K
($1.0M)
$45.9M
$32.0M
Depreciation and amortization expense
$91.2M
$45.4M
$138.3M
$92.1M
Equity in income of joint ventures
($6.0M)
($3.2M)
($13.0M)
($7.1M)
Stock-based compensation expense
$15.6M
$7.3M
$21.5M
$14.3M
Elimination of unrealized loss on sales to joint ventures
$260.0K
$107.0K
$0
$0
Deferred taxes
($4.4M)
($1.8M)
($17.2M)
($16.0M)
Unrealized foreign exchange loss (gain)
$3.1M
$120.0K
($7.2M)
($6.0M)
Accounts receivable, net
($2.0M)
($16.7M)
$25.6M
$15.1M
Inventories
($2.7M)
($177.0K)
($12.7M)
($9.0M)
Other assets
($11.9M)
($6.3M)
($16.2M)
($11.6M)
Accounts payable and accrued liabilities
$34.9M
$11.5M
($34.8M)
($17.3M)
Other liabilities
($4.6M)
($2.5M)
$26.0M
$12.9M
Income taxes, net
($8.0M)
($8.6M)
($2.0M)
($6.6M)
Dividends received from joint ventures
$4.7M
$4.7M
$4.7M
$498.0K
Other
($4.3M)
($3.4M)
($5.7M)
($3.3M)
Net cash provided by operating activities
$106.7M
$25.3M
$153.1M
$89.9M
Capital expenditures
($56.9M)
($25.8M)
($78.5M)
($54.3M)
Proceeds from disposal of assets
$0
—
$5.0M
$5.0M
Net cash used in investing activities
($56.9M)
($25.8M)
($73.5M)
($49.3M)
Release of (cash pledged for) collateral deposits, net
$113.0K
$0
($552.0K)
($415.0K)
Proceeds from borrowings
$1.8M
—
$0
$0
Repurchase of common stock
($40.0M)
($20.0M)
($40.1M)
($15.0M)
Payment of withholding taxes on stock-based compensation plans
($5.0M)
($4.9M)
($1.5M)
($2.6M)
Repayment of financed insurance premium
($526.0K)
$0
($6.5M)
($5.0M)
Repayments of finance leases
($1.5M)
($518.0K)
($1.4M)
($887.0K)
Net cash used in financing activities
($45.1M)
($25.4M)
($72.1M)
($23.9M)
Effect of exchange rate changes on cash and cash equivalents
($2.6M)
($824.0K)
$6.4M
$6.1M
Net increase to cash and cash equivalents and restricted cash
$2.1M
($26.7M)
$14.0M
$22.8M
Cash and cash equivalents and restricted cash at beginning of period
$197.5M
$197.5M
$184.7M
$184.7M
Cash and cash equivalents and restricted cash at end of period