Product was NCS Multistage Holdings’s largest region in fiscal 2025, bringing in $77.82M of $107.23M (73%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product | — | $71.95M | $74.65M | $77.82M | ||||||
| Product Sales | $71.18M | — | — | — | ||||||
| Service | — | $26.16M | $27.78M | $29.41M | ||||||
| Services | $29.70M | — | — | — | ||||||
| Tracer Diagnostics Service | — | $1.40M | — | — | ||||||
| Total | $100.87M | $99.51M | $102.44M | $107.23M |
NCS Multistage Holdings brought in $107.23M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 4.7% from $102.44M in fiscal 2024. Product was the largest at $77.82M (72.6%), ahead of Service at $29.41M (27.4%).
Compared with fiscal 2024, Service grew 5.9% to $29.41M and Product grew 4.2% to $77.82M.
NCS Multistage Holdings began breaking out Product in fiscal 2023 and Service in fiscal 2023. NCS Multistage Holdings stopped reporting Product Sales ($71.18M in fiscal 2022), Services ($29.70M in fiscal 2022) and Tracer Diagnostics Service ($1.40M in fiscal 2023) as separate regions.
United States was NCS Multistage Holdings’s largest region in fiscal 2025, bringing in $58.27M of $105.81M (55%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | $71.18M | $71.95M | $74.65M | $29.41M | |||||||
| United States | $34.01M | $26.61M | $34.08M | $58.27M | |||||||
| Other Countries | $7.85M | $4.66M | $12.16M | $18.12M | |||||||
| Total | $113.04M | $103.22M | $120.90M | $105.81M |
NCS Multistage Holdings brought in $105.81M from its three regions in fiscal 2025, the year ended December 31, 2025. That was down 12.5% from $120.90M in fiscal 2024. United States was the largest at $58.27M (55.1%), ahead of Canada at $29.41M (27.8%) and Other Countries at $18.12M (17.1%).
Compared with fiscal 2024, United States grew fastest, up 71.0% to $58.27M, while Canada fell the most, down 60.6% to $29.41M. From fiscal 2022 to 2025, combined revenue from these regions fell from $113.04M to $105.81M, a compound annual decline of 2.2%. United States' share of the total rose from 30.1% to 55.1%.
NCS Multistage Holdings (NCSM) reports its revenue by geography. In fiscal 2025, Product was its largest region, bringing in $77.82M (72.6% of the total), followed by Service at $29.41M (27.4%).
Product was NCS Multistage Holdings' largest region in fiscal 2025, bringing in $77.82M, or 72.6% of the $107.23M total across its two regions.
Service grew faster than Product in fiscal 2025, up 5.9% from $27.78M to $29.41M. Product grew 4.2% to $77.82M.
Every figure comes from NCS Multistage Holdings' annual financial filings, as reported. Each line keeps the name NCS Multistage Holdings gives it, and years follow its fiscal calendar.
NCS Multistage Holdings' revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.