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XPRO

Expro Group Holdings N.V.

XPRO

Expro Group Holdings N.V. • NYSE
$13.95 ▲ 1.31% (+0.18)
Market Cap $1.62 B
52w High $14.97
52w Low $6.70
Dividend Yield 0%
P/E 23.25
Volume 383.48K
Outstanding Shares 115.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $411.356M ▼ $20.491M ▲ $13.963M ▼ 3.394% ▼ $0.12 ▼ $79.069M ▼
Q2-2025 $422.74M ▲ $14.499M ▼ $18.003M ▲ 4.259% ▲ $0.16 ▲ $82.957M ▲
Q1-2025 $390.872M ▼ $21.814M ▼ $13.948M ▼ 3.568% ▼ $0.12 ▼ $61.104M ▼
Q4-2024 $436.843M ▲ $22.516M ▲ $23.034M ▲ 5.273% ▲ $0.2 ▲ $76.497M ▲
Q3-2024 $422.828M $20.467M $16.275M 3.849% $0.14 $71.011M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $198.62M ▼ $2.305B ▼ $788.083M ▼ $1.517B ▼
Q2-2025 $207.486M ▲ $2.338B ▲ $818.234M ▲ $1.52B ▲
Q1-2025 $180.174M ▼ $2.293B ▼ $793.341M ▼ $1.5B ▲
Q4-2024 $184.663M ▲ $2.408B ▲ $916.47M ▲ $1.491B ▲
Q3-2024 $166.985M $2.344B $860.291M $1.483B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.963M ▼ $63.179M ▲ $-24.196M ▼ $-48.175M ▼ $-8.866M ▼ $38.983M ▲
Q2-2025 $18.003M ▲ $48.413M ▲ $-16.204M ▲ $-8.774M ▲ $27.312M ▲ $27.209M ▲
Q1-2025 $13.948M ▼ $41.509M ▼ $-33.112M ▲ $-15.104M ▲ $-4.489M ▼ $8.397M ▼
Q4-2024 $23.034M ▲ $97.401M ▲ $-44.418M ▼ $-32.436M ▼ $17.678M ▼ $52.983M ▲
Q3-2024 $16.275M $55.313M $-24.06M $-2.87M $31.532M $23.262M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Well Construction
Well Construction
 $150.00M ▲$130.00M ▼$140.00M ▲$150.00M ▲
Well Management
Well Management
 $290.00M ▲$260.00M ▼$280.00M ▲$260.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, recovering strongly from the downturn period and the disruption around the merger. Profitability has improved from persistent losses to a modest profit, with healthier margins at both the operating and EBITDA level. That said, the business still runs on relatively thin margins, so earnings remain sensitive to changes in activity levels and pricing in the oilfield services market. Overall, the direction of travel is clearly positive, but the profit base is not yet deeply established or highly resilient.

Balance Sheet

Balance Sheet The balance sheet looks progressively stronger over time. The company has expanded its asset base and shareholder equity, reflecting growth and the merger integration, while keeping debt at a relatively modest level. Cash on hand provides a reasonable liquidity cushion, though not an excessive one, which is typical for an equipment‑ and service‑heavy business. The combination of low leverage and growing equity gives the company room to navigate cycles and invest, but it still needs to manage working capital and capital spending carefully in a volatile industry.

Cash Flow

Cash Flow Cash generation has moved in the right direction. Operating cash flow has become more consistent and comfortably positive, showing that reported earnings are increasingly backed by real cash. After funding a steady level of capital spending to support its fleet and technology, free cash flow has recently turned slightly positive, after earlier years of cash drain. This suggests a business that is now largely self‑funding its growth, but with only a modest surplus, so major expansions or shocks could still pressure cash in weaker markets.

Competitive Edge

Competitive Edge Expro occupies a specialized, technology‑driven niche within oilfield services, particularly in well construction, subsea well access, and well flow management. The merger with Frank’s International broadened its offering and allowed it to present more integrated solutions, which can be attractive to large operators seeking fewer vendors and smoother operations. Its global footprint and long relationships with major oil and gas companies create a meaningful barrier for smaller rivals. However, it still competes against much larger diversified service companies and remains exposed to the cyclical spending patterns of its customers and to long‑term pressures from the energy transition.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. Proprietary systems like the autonomous iTONG tubular running technology and the ELITE Composition real‑time well testing service highlight a push toward safer, more efficient, and more data‑rich operations. Expro combines advanced hardware with analytics and digital tools, which can deepen customer relationships and support premium pricing. The company is also planting seeds in lower‑carbon areas such as geothermal and carbon capture projects, though these remain relatively early‑stage. The key execution risk is whether it can continue to commercialize these technologies at scale and stay ahead of fast‑moving competitors in automation and digital services.

Summary

Expro has transitioned from a period of losses and post‑merger consolidation to one of steady growth, improving margins, and positive cash generation. Its financial foundation has strengthened, supported by a relatively conservative balance sheet and more reliable operating cash flow, though profits remain modest and exposed to industry cycles. On the strategic side, the company’s edge lies in specialized technologies, integrated well services, and a broad global presence, complemented by early moves into digital and energy‑transition‑related solutions. The main uncertainties are the inherent volatility of oil and gas spending, competitive pressure from larger service providers, and the pace at which Expro can scale its innovations and its lower‑carbon offerings. Overall, it looks like a company that has significantly improved its footing but still operates in a high‑risk, highly cyclical environment.

NEWS

November 3, 2025 · 5:00 AM UTC

Expro Delivers First Deployment of ELITE Composition™ Service for Major Oil and Gas Operator in Cyprus

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October 23, 2025 · 6:58 AM UTC

Expro Group Holdings N.V. Announces Third Quarter 2025 Results and Increases Full-Year Guidance on Adjusted EBITDA and Adjusted Free Cash Flow

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October 17, 2025 · 7:33 AM UTC

Expro Celebrates Success at the 2025 Gulf Energy Awards in Houston

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October 1, 2025 · 4:30 PM UTC

Expro Group Holdings N.V. Schedules Third Quarter 2025 Earnings Release and Conference Call

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September 29, 2025 · 4:00 AM UTC

Expro Launches Remote Clamp Installation System, Delivering Time and Safety Gains on First Deployment

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