RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. The Company offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. It offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. RigNet primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The Company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data.

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Houston, US
Size (employees)
508 (est)
RigNet was founded in 2001 and is headquartered in Houston, US
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RigNet Office Locations

RigNet has offices in Abu Dhabi, Doha, Houston, Singapore and in 6 other locations
Houston, US (HQ)
15115 Park Row Ste 300
Scott, US
1710 W Willow St
Perth, AU
Level 14 Grosvenor Place 197 St Georges Terrace
Macaé, BR
1764 Av. Atlântica
Lagos, NG
1910 Western House Broad St
Stavanger, NO
RigNet AS Maskinveien 24
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RigNet Financials and Metrics

RigNet Financials

RigNet's revenue was reported to be $204.89 m in FY, 2017

Revenue (FY, 2017)

204.9 m

Gross profit (FY, 2017)

73.7 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

(16.2 m)

EBIT (FY, 2017)

(10 m)

Market capitalization (25-Apr-2018)

271.9 m

Cash (31-Dec-2017)

34.6 m


295.5 m
RigNet's current market capitalization is $271.9 m.
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


220.7 m330.2 m271.3 m220.6 m204.9 m

Revenue growth, %


Cost of goods sold

118.9 m188.2 m163.2 m129.8 m131.2 m

Gross profit

101.8 m142 m108 m90.9 m73.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


56.9 m75 m80.7 m87.8 m77.7 m75.1 m66.3 m62.3 m54.9 m50.6 m48.1 m49.2 m50.8 m

Cost of goods sold

31.1 m46.5 m45.7 m49.2 m43.9 m39.7 m38.2 m36.3 m33.3 m29.9 m29.9 m33 m32.4 m

Gross profit

25.7 m28.5 m35 m38.6 m33.7 m35.4 m28.1 m26.1 m21.6 m20.8 m18.2 m16.1 m18.5 m

Gross profit Margin, %

usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017


11.4 m50.4 m53.1 m59.7 m59.8 m66.6 m60.5 m57.2 m34.6 m

Accounts Receivable

45.4 m74.6 m62.1 m48.7 m49 m


14.2 m21.3 m7.1 m10.4 m

Current Assets

120 m163.7 m137 m118.7 m91.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


49.6 m66.7 m61 m61.1 m60.8 m61.5 m64.8 m52 m59.5 m57.2 m55.2 m42.7 m32.9 m

Accounts Receivable

47.2 m65.1 m83 m83.8 m69.1 m71.1 m65.8 m66.7 m51.2 m54.4 m46.9 m47 m49.2 m


6.7 m

Current Assets

109.9 m146.4 m157.3 m162.5 m154 m159.1 m156.7 m131.5 m122.9 m125.9 m115.7 m102.4 m90.7 m
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

16.5 m16 m(16.7 m)(11.3 m)(16.2 m)

Depreciation and Amortization

21 m29.5 m32.5 m33.6 m30.8 m


Accounts Payable

1.4 m(7.6 m)(4.9 m)129 k2.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Net Income

2.4 m2.3 m5.7 m5.9 m(942 k)6.1 m(10.9 m)(1.3 m)(4.9 m)(1.4 m)(2 m)(4.2 m)

Depreciation and Amortization

5.5 m6.8 m7.3 m7.5 m8.1 m8.2 m8.1 m8.2 m9 m8.3 m7.3 m


6.7 m

Accounts Payable

16.4 m17.1 m7.3 m12.8 m10.6 m7.9 m6.2 m7.2 m10.8 m12.2 m
USDY, 2017


-29.6 x


10.1 x


27 x


403.3 k

Financial Leverage

2.1 x
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RigNet News and Updates

Speedcast posts 136 percent revenue jump, seeks debt refinancing

Speedcast’s revenues more than doubled in 2017 as the satellite network operator began leveraging its acquisitions of U.S. companies Harris CapRock and UltiSat. SpaceNews.com
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