NCS Multistage Holdings Inc. reported total revenues of $46.5 million for the third quarter of 2025, representing a 6.0% increase compared to the same period in 2024. Net income for the quarter was $3.8 million, with diluted earnings per share of $1.37, compared to net income of $4.1 million and diluted earnings per share of $1.60 in the third quarter of 2024. Adjusted EBITDA was $7.0 million, consistent with the prior-year quarter. As of September 30, 2025, the company had $25.3 million in cash and $7.4 million in total debt. Capital expenditures, net of proceeds from the sale of property and equipment, were $0.3 million for the nine months ended September 30, 2025, compared to $0.7 million for the same period in 2024. During the quarter, NCS completed the acquisition of Reservoir Metrics, LLC and related entities in late July 2025. Revenues excluding the acquired businesses increased slightly year-over-year, with U.S. and international revenues rising 37% and 38%, respectively, while Canadian revenues declined by 19% due to lower activity and rig counts in Canada.