Oil States International, Inc.

Oil States International, Inc. reported a net loss of $109.4 million for FY 2025, a significant decline from a net loss of $11.3 million in FY 2024. Revenues decreased 3% to $669.0 million, driven by lower U.S. land-based activity and the exit of underperforming service offerings. The company incurred substantial non-cash impairment charges of $121.1 million, primarily in its Downhole Technologies segment, due to market conditions and restructuring actions. Despite the net loss, operating cash flow was strong at $105.1 million, and the company materially delevered by purchasing $70.8 million of its 2026 Notes. The Offshore Manufactured Products segment showed resilience with an 8% revenue increase and backlog growth to $435 million.

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