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.

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

RigNet Office Locations

RigNet has offices in Houston, Aberdeenshire, Lagos, Singapore and in 9 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
Lagos, NG
1910 Western House Broad St
Stavanger, NO
RigNet AS Maskinveien 24
Aberdeenshire, GB
Discovery Drive Arnhall Business Park, Westhill
Show all (13)

RigNet Financials and Metrics

RigNet Financials

RigNet's revenue was reported to be $220.6 m in FY, 2016

Revenue (Q3, 2017)

50.8 m

Gross profit (Q3, 2017)

18.5 m

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

(4.2 m)

EBIT (Q3, 2017)

(3 m)

Market capitalization (11-Dec-2017)

261.3 m

Cash (30-Sep-2017)

32.9 m


279.9 m
RigNet's current market capitalization is $261.3 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


220.7 m330.2 m271.3 m220.6 m

Revenue growth, %


Cost of goods sold

118.9 m188.2 m163.2 m129.8 m

Gross profit

101.8 m142 m108 m90.9 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, 2016


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

Accounts Receivable

45.4 m74.6 m62.1 m48.7 m


14.2 m21.3 m7.1 m10.4 m

Current Assets

120 m163.7 m137 m118.7 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, 2016

    Net Income

    16.5 m16 m(16.7 m)(11.3 m)

    Depreciation and Amortization

    21 m29.5 m32.5 m33.6 m

    Accounts Receivable

    (5.5 m)(15 m)10.9 m18.3 m

    Accounts Payable

    1.4 m(7.6 m)(4.9 m)129 k
    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

    Accounts Receivable

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


    6.7 m
      USDY, 2017


      -94.8 x


      100.1 k


      0.5 x


      0.2 x

      Financial Leverage

      2.1 x
      Show all financial metrics

      RigNet Market Value History

      RigNet's Web-traffic and Trends

      RigNet Online and Social Media Presence

      RigNet Company Life and Culture

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