NOV posts Q4 2025 net loss of $78 million; revenue $2.28 billion
NOV reported fourth-quarter 2025 revenue of $2.28 billion, down 1% from a year earlier, and a net loss of $78 million, or $0.21 per share, compared with net income of $160 million in the same quarter of 2024. The company guided first-quarter 2026 revenue down 1% to 3% year over year and Adjusted EBITDA of $200 million to $225 million, and expects full-year 2026 EBITDA in line to slightly lower than 2025, which weighs on near-term earnings for shareholders.
Key points
- Q4 2025 net loss of $78 million, or $0.21 per share, versus net income of $160 million a year earlier; results include $86 million in pre-tax Other Items, mainly goodwill and long-lived asset impairments
- Q4 2025 revenue of $2.28 billion, down 1% year over year; Adjusted EBITDA of $267 million, down 12%
- Full-year 2025 net income of $145 million, or $0.39 per share, down from $635 million in 2024; full-year free cash flow of $876 million
- Q1 2026 guidance: consolidated revenue down 1% to 3% year over year and Adjusted EBITDA of $200 million to $225 million
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.