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Dawson Geophysical (DWSN) Financials

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$4.23 -0.19 (-4.39%)
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Annual Income Statements for Dawson Geophysical

Annual Income Statements for Dawson Geophysical

This table shows Dawson Geophysical's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -26 -38 -32 -24 -15 -13 -29 -19 -12 -4.12 -1.94
Consolidated Net Income / (Loss)		 -26 -38 -32 -24 -15 -13 -29 -19 -12 -4.12 -1.94
Net Income / (Loss) Continuing Operations		 -26 -38 -32 -24 -15 -13 -29 -19 -12 -4.12 -1.94
Total Pre-Tax Income 		-40 -44 -37 -25 -15 -13 -29 -19 -12 -4.11 -1.94
Total Operating Income		 -41 -47 -38 -25 -16 -14 -29 -22 -13 -4.55 -1.66
Total Gross Profit		 235 138 17 21 23 17 -4.32 5.08 10 11 13
Total Revenue		 235 138 157 154 146 86 25 52 97 74 76
Operating Revenue		 235 138 157 154 146 86 25 52 97 74 76
Total Cost of Revenue		 0.00 0.00 139 133 123 69 29 47 87 63 63
Operating Cost of Revenue		 - - 139 133 123 69 29 47 87 63 63
Total Operating Expenses		 275 185 55 46 39 31 25 27 23 16 15
Selling, General & Admin Expense		 228 141 16 16 17 14 12 15 13 9.95 9.01
Depreciation Expense		 47 44 39 30 22 17 13 12 8.49 5.74 5.67
Total Other Income / (Expense), net		 0.65 3.20 0.86 -0.18 0.79 0.82 0.11 3.66 0.83 0.44 -0.27
Interest Expense		 0.61 0.26 0.16 0.41 0.44 0.08 0.02 0.03 0.10 0.16 0.54
Interest & Investment Income		 0.16 0.35 0.31 0.40 0.55 0.40 0.22 0.32 0.58 0.31 0.12
Other Income / (Expense), net		 1.10 3.11 0.71 -0.17 0.68 0.50 -0.09 3.38 0.35 0.29 0.15
Income Tax Expense		 -14 -5.96 -5.31 -0.80 -0.24 0.02 -0.03 0.11 -0.10 0.01 0.01
Basic Earnings per Share		 ($1.27) ($1.69) ($1.40) ($1.07) ($0.66) ($0.56) ($1.23) ($0.75) ($0.45) ($0.13) ($0.06)
Weighted Average Basic Shares Outstanding		 20.69M 22.69M 22.78M 22.91M 23.18M 23.38M 23.57M 24.97M 26.75M 30.88M 31.02M
Diluted Earnings per Share		 ($1.27) ($1.69) ($1.40) ($1.07) ($0.66) ($0.56) ($1.23) ($0.75) ($0.45) ($0.13) ($0.06)
Weighted Average Diluted Shares Outstanding		 20.69M 22.69M 22.78M 22.91M 23.18M 23.38M 23.57M 24.97M 26.75M 30.88M 31.02M
Weighted Average Basic & Diluted Shares Outstanding		 21.54M 21.60M 1.06B 23.14M 23.29M 23.48M 23.69M 23.81M 30.81M 30.98M 31.05M

Quarterly Income Statements for Dawson Geophysical

This table shows Dawson Geophysical's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -5.20 -2.11 5.85 -3.55 -5.62 -0.80 0.99 -2.35 -1.15 0.57 7.66
Consolidated Net Income / (Loss)		 -5.20 -2.11 5.85 -3.55 -5.62 -0.80 0.99 -2.35 -1.15 0.57 7.66
Net Income / (Loss) Continuing Operations		 -5.20 -2.11 5.85 -3.55 -5.62 -0.80 0.99 -2.35 -1.15 0.57 7.66
Total Pre-Tax Income 		-5.20 -2.11 6.05 -3.68 -5.65 -0.83 1.00 -2.36 -1.14 0.57 7.67
Total Operating Income		 -5.69 -2.03 5.80 -3.77 -5.75 -0.83 1.03 -2.37 -1.17 0.85 8.14
Total Gross Profit		 -1.18 5.43 9.62 0.12 -1.73 3.12 4.30 1.13 2.29 5.30 13
Total Revenue		 23 24 32 13 14 16 16 9.85 23 27 37
Operating Revenue		 23 24 32 13 14 16 16 9.85 23 27 37
Total Cost of Revenue		 24 19 22 12 16 13 12 8.72 20 22 24
Operating Cost of Revenue		 24 19 22 12 16 13 12 8.72 20 22 24
Total Operating Expenses		 4.51 7.46 3.82 3.89 4.02 3.95 3.27 3.51 3.46 4.45 4.94
Selling, General & Admin Expense		 2.50 3.59 2.23 2.48 2.63 2.60 1.99 2.33 2.11 2.58 2.94
Depreciation Expense		 2.01 1.67 1.59 1.41 1.39 1.35 1.27 1.17 1.35 1.88 2.00
Total Other Income / (Expense), net		 0.50 -0.08 0.25 0.09 0.10 0.00 -0.04 0.02 0.03 -0.28 -0.47
Interest Expense		 0.02 0.05 0.05 0.04 0.04 0.04 0.08 0.06 0.07 0.33 0.50
Interest & Investment Income		 0.19 0.14 0.11 0.11 0.07 0.02 0.00 0.04 0.06 0.02 0.01
Other Income / (Expense), net		 0.33 -0.17 0.18 0.03 0.06 0.02 0.03 0.04 0.04 0.04 0.02
Income Tax Expense		 0.00 - 0.20 -0.13 -0.04 -0.03 0.00 -0.01 0.01 - 0.01
Basic Earnings per Share		 ($0.20) ($0.05) $0.19 ($0.12) ($0.18) ($0.02) $0.03 ($0.08) ($0.04) $0.03 $0.25
Weighted Average Basic Shares Outstanding		 26.14M 26.75M 30.81M 30.82M 30.91M 30.88M 30.98M 30.99M 31.05M 31.02M 31.05M
Diluted Earnings per Share		 ($0.20) ($0.05) $0.19 ($0.12) ($0.18) ($0.02) $0.03 ($0.08) ($0.04) $0.03 $0.25
Weighted Average Diluted Shares Outstanding		 26.14M 26.75M 30.81M 30.82M 30.91M 30.88M 31.04M 30.99M 31.05M 31.02M 31.11M
Weighted Average Basic & Diluted Shares Outstanding		 30.81M 30.81M 30.81M 30.91M 30.98M 30.98M 30.98M 31.05M 31.05M 31.05M 31.05M

Annual Cash Flow Statements for Dawson Geophysical

This table details how cash moves in and out of Dawson Geophysical's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 22 -22 6.67 6.79 2.41 15 -16 -6.77 -7.83 -14 3.52
Net Cash From Operating Activities		 21 8.74 -6.70 13 9.48 20 -16 -3.27 0.81 -1.87 14
Net Cash From Continuing Operating Activities		 21 8.74 -6.70 13 9.48 20 -16 -3.27 0.81 -1.87 14
Net Income / (Loss) Continuing Operations		 -26 -38 -32 -24 -15 -13 -29 -19 -12 -4.12 -1.94
Consolidated Net Income / (Loss)		 -26 -38 -32 -24 -15 -13 -29 -19 -12 -4.12 -1.94
Depreciation Expense		 47 44 39 30 22 17 13 12 8.49 5.74 5.67
Non-Cash Adjustments To Reconcile Net Income		 1.48 -1.37 -0.83 1.38 2.18 3.54 1.07 -1.09 4.17 1.19 0.80
Changes in Operating Assets and Liabilities, net		 -1.66 4.16 -13 5.94 0.69 12 -0.89 4.64 0.30 -4.67 9.44
Net Cash From Investing Activities		 16 -23 17 -8.60 4.19 -0.51 0.26 -1.09 -4.50 -0.74 -6.73
Net Cash From Continuing Investing Activities		 16 -23 17 -8.60 4.19 -0.51 0.26 -1.09 -4.50 -0.74 -6.73
Purchase of Property, Plant & Equipment		 -6.85 -8.25 -8.68 -16 -4.40 -2.85 -0.51 -1.43 -3.72 -1.87 -6.83
Purchase of Investments		 -27 -111 -38 -49 -25 -0.58 - 0.00 -1.00 0.00 -0.37
Sale of Property, Plant & Equipment		 1.50 1.92 1.42 0.46 0.35 0.57 0.45 0.34 0.22 0.53 0.47
Sale and/or Maturity of Investments		 35 92 61 55 33 2.35 0.32 - 0.00 0.27 0.00
Other Investing Activities, net		 1.00 2.85 0.38 0.69 - - - - 0.00 0.33 0.00
Net Cash From Financing Activities		 -14 -8.48 -3.42 2.52 -11 -4.53 0.10 -2.15 -4.20 -12 -3.68
Net Cash From Continuing Financing Activities		 -14 -8.48 -3.42 2.52 -11 -4.53 0.10 -2.15 -4.20 -12 -3.68
Repayment of Debt		 -18 -8.33 -3.26 -3.88 -8.17 -8.51 -0.56 -1.25 -0.90 -0.95 -6.20
Payment of Dividends		 - - - -0.00 - - - - -3.06 -9.86 0.00
Issuance of Debt		 - - - 6.52 0.00 6.37 0.79 - - 0.00 3.50
Other Financing Activities, net		 4.28 -0.15 -0.16 -0.12 -3.09 -2.40 -0.13 -1.01 -0.25 -0.76 -0.98
Effect of Exchange Rate Changes		 -0.43 - - - - 0.09 0.11 -0.27 0.06 -0.22 -0.04
Cash Interest Paid		 0.62 0.26 0.14 0.41 0.44 0.09 0.02 0.03 0.10 0.16 0.43
Cash Income Taxes Paid		 0.69 0.03 - 0.01 0.04 0.09 0.08 - 0.00 0.06 0.01

Quarterly Cash Flow Statements for Dawson Geophysical

This table details how cash moves in and out of Dawson Geophysical's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -4.20 -3.12 0.69 -5.30 -4.18 -5.60 1.28 14 -11 -0.17 -3.53
Net Cash From Operating Activities		 -3.29 -1.65 1.87 5.92 -4.23 -5.43 1.75 15 -4.74 2.09 -0.47
Net Cash From Continuing Operating Activities		 -3.29 -1.65 1.87 5.92 -4.23 -5.43 1.75 15 -4.74 2.09 -0.47
Net Income / (Loss) Continuing Operations		 -5.20 -2.11 5.85 -3.55 -5.62 -0.80 0.99 -2.35 -1.15 0.57 7.66
Consolidated Net Income / (Loss)		 -5.20 -2.11 5.85 -3.55 -5.62 -0.80 0.99 -2.35 -1.15 0.57 7.66
Depreciation Expense		 2.01 1.67 1.59 1.41 1.39 1.35 1.27 1.17 1.35 1.88 2.00
Non-Cash Adjustments To Reconcile Net Income		 0.33 0.32 0.23 1.09 -0.43 0.30 0.30 -6.68 7.29 0.17 0.13
Changes in Operating Assets and Liabilities, net		 -0.44 -1.53 -5.80 6.97 0.43 -6.27 -0.81 23 -12 -0.53 -10
Net Cash From Investing Activities		 -0.46 -1.05 -0.52 -0.73 0.34 0.18 0.19 -0.49 -5.42 -1.01 -1.34
Net Cash From Continuing Investing Activities		 -0.46 -1.05 -0.52 -0.73 0.34 0.18 0.19 -0.49 -5.42 -1.01 -1.34
Purchase of Property, Plant & Equipment		 -0.60 -1.10 -0.68 -0.80 -0.07 -0.31 0.00 -0.68 -5.43 -0.71 -1.43
Sale of Property, Plant & Equipment		 0.14 0.04 0.16 0.07 0.15 0.15 0.19 0.19 0.02 0.08 0.09
Net Cash From Financing Activities		 -0.27 -0.48 -0.58 -10 -0.30 -0.21 -0.63 -0.87 -0.95 -1.23 -1.69
Net Cash From Continuing Financing Activities		 -0.27 -0.48 -0.58 -10 -0.30 -0.21 -0.63 -0.87 -0.95 -1.23 -1.69
Repayment of Debt		 -0.19 -0.38 -0.39 -0.39 -0.13 -0.04 -0.44 -0.63 -0.73 -4.41 -5.66
Issuance of Debt		 - - - - - - 0.00 - - - 4.25
Other Financing Activities, net		 -0.08 2.95 -0.20 -0.22 -0.16 -0.18 -0.19 -0.24 -0.23 -0.33 -0.27
Effect of Exchange Rate Changes		 -0.18 0.06 -0.08 -0.02 0.01 -0.13 -0.03 - -0.04 -0.02 -0.04
Cash Interest Paid		 0.02 0.04 0.04 0.04 0.04 0.04 0.07 0.06 0.08 0.23 0.38

Annual Balance Sheets for Dawson Geophysical

This table presents Dawson Geophysical's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 248 24 168 151 128 103 74 69 58 31 56
Total Current Assets		 100 24 80 77 66 59 43 44 37 15 22
Cash & Equivalents		 37 - 22 29 26 41 25 19 11 1.39 4.91
Short-Term Investments		 21 - 17 11 2.35 0.58 0.27 0.27 0.27 0.00 0.37
Accounts Receivable		 36 16 33 25 24 7.34 8.91 7.97 13 9.97 9.39
Prepaid Expenses		 6.15 7.36 7.34 12 7.58 4.71 3.31 8.95 8.65 3.19 7.17
Plant, Property, & Equipment, net		 148 0.00 87 72 54 39 26 20 17 13 31
Plant, Property & Equipment, gross		 346 - 308 294 285 271 253 255 242 238 254
Accumulated Depreciation		 198 - 221 222 231 233 227 234 225 225 223
Total Noncurrent Assets		 0.36 0.00 1.56 2.12 8.44 5.89 4.83 4.38 3.59 3.35 3.40
Intangible Assets		 0.36 - 0.49 0.38 0.39 0.39 0.40 0.37 0.38 0.35 0.36
Other Noncurrent Operating Assets		 - - - - 6.61 5.49 4.44 4.01 3.21 3.00 3.04
Total Liabilities & Shareholders' Equity		 248 182 168 151 128 103 74 69 58 31 56
Total Liabilities		 38 11 27 34 24 12 12 20 26 14 40
Total Current Liabilities		 29 11 20 27 18 7.44 7.59 16 22 9.93 27
Short-Term Debt		 8.59 - 2.71 6.68 4.06 0.09 0.30 0.28 1.38 1.01 6.23
Accounts Payable		 8.40 5.59 5.93 5.43 3.95 1.60 2.58 4.14 3.88 3.38 9.58
Accrued Expenses		 4.60 - 4.31 3.64 3.60 1.81 1.34 1.28 0.71 0.83 0.99
Current Deferred Revenue		 6.15 5.39 6.31 11 3.48 1.78 1.34 7.38 12 1.57 7.48
Current Employee Benefit Liabilities		 1.07 - 1.15 1.03 1.96 1.05 1.07 2.00 3.42 2.01 1.47
Other Current Liabilities		 - - - - 1.20 1.11 0.96 1.12 1.20 1.13 1.08
Total Noncurrent Liabilities		 9.26 0.00 6.18 6.38 6.19 4.96 3.97 3.68 3.67 3.66 13
Long-Term Debt		 2.11 - 5.15 6.10 0.10 0.04 0.01 0.21 1.29 1.51 11
Noncurrent Deferred & Payable Income Tax Liabilities		 5.32 - 0.87 0.13 0.00 0.02 0.02 0.14 0.02 0.02 0.02
Other Noncurrent Operating Liabilities		 1.83 - 0.15 0.15 6.09 4.90 3.94 3.33 2.36 2.13 2.02
Commitments & Contingencies		 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 210 171 141 117 103 91 62 49 31 17 16
Total Preferred & Common Equity		 210 171 141 117 103 91 62 49 31 17 16
Preferred Stock		 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 210 173 141 117 103 91 62 49 31 17 16
Common Stock		 142 151 152 153 154 155 156 156 157 157 157
Retained Earnings		 69 22 -10 -35 -50 -63 -92 -112 -124 -138 -140
Accumulated Other Comprehensive Income / (Loss)		 -1.82 - -0.78 -1.96 -1.57 -1.20 -1.01 -2.07 -1.91 -2.48 -2.10

Quarterly Balance Sheets for Dawson Geophysical

This table presents Dawson Geophysical's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 53 58 41 30 33 46 41 64
Total Current Assets		 33 38 23 13 18 31 13 28
Cash & Equivalents		 14 11 11 6.98 2.67 16 5.08 1.37
Short-Term Investments		 0.27 0.27 0.27 0.00 - - - 0.37
Accounts Receivable		 5.95 15 4.42 2.79 11 3.52 2.17 19
Prepaid Expenses		 7.51 6.58 7.08 3.41 4.77 4.22 5.93 6.67
Plant, Property, & Equipment, net		 16 16 15 14 12 11 24 33
Plant, Property & Equipment, gross		 - - - - 236 237 250 254
Accumulated Depreciation		 - - - - 224 226 227 220
Total Noncurrent Assets		 3.83 3.30 2.99 2.72 3.10 2.93 3.57 3.30
Intangible Assets		 0.37 0.37 0.37 0.37 0.35 0.37 0.36 0.36
Other Noncurrent Operating Assets		 3.47 2.93 2.62 2.35 2.75 2.56 3.21 2.94
Total Liabilities & Shareholders' Equity		 53 58 41 30 33 46 41 64
Total Liabilities		 19 31 17 12 15 29 25 41
Total Current Liabilities		 16 27 14 8.77 12 27 17 27
Short-Term Debt		 0.51 1.11 0.74 0.70 2.31 1.72 3.60 7.32
Accounts Payable		 5.46 5.42 3.40 3.42 3.90 2.99 5.70 9.13
Accrued Expenses		 1.06 4.02 0.76 0.99 1.09 0.93 1.05 1.36
Current Deferred Revenue		 6.75 5.32 5.71 0.69 1.72 18 3.71 6.37
Current Employee Benefit Liabilities		 0.72 - 2.25 1.95 1.65 1.79 1.40 2.21
Other Current Liabilities		 1.19 1.14 1.06 1.01 1.15 1.18 1.08 1.09
Total Noncurrent Liabilities		 3.81 3.66 3.29 3.17 3.18 2.73 8.85 14
Long-Term Debt		 1.14 1.52 1.41 1.53 1.33 1.13 6.55 12
Noncurrent Deferred & Payable Income Tax Liabilities		 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Other Noncurrent Operating Liabilities		 2.65 2.13 1.86 1.62 1.84 1.58 2.29 1.85
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 33 27 24 18 18 16 15 23
Total Preferred & Common Equity		 33 27 24 18 18 16 15 23
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 33 27 24 18 18 16 15 23
Common Stock		 157 157 157 157 157 157 157 158
Retained Earnings		 -122 -128 -131 -137 -137 -139 -140 -132
Accumulated Other Comprehensive Income / (Loss)		 -2.05 -2.07 -2.18 -2.15 -2.51 -2.04 -2.11 -2.28

Annual Metrics And Ratios for Dawson Geophysical

This table displays calculated financial ratios and metrics derived from Dawson Geophysical's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 21,571,513.00 21,632,489.00 21,718,018.00 22,943,639.00 23,257,505.00 23,478,072.00 23,643,934.00 23,812,329.00 30,812,329.00 30,983,437.00 31,047,801.00
DEI Adjusted Shares Outstanding		 22,650,089.00 22,714,113.00 22,803,919.00 22,943,639.00 23,257,505.00 23,478,072.00 23,643,934.00 23,812,329.00 30,812,329.00 30,983,437.00 31,047,801.00
DEI Earnings Per Adjusted Shares Outstanding		 -1.16 -1.69 -1.39 -1.06 -0.65 -0.56 -1.23 -0.78 -0.39 -0.13 -0.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 97.47% -41.35% 13.73% -1.52% -5.44% -40.94% -71.32% 109.07% 87.58% -23.43% 1.98%
EBITDA Growth		 33.59% -101.30% 2,144.33% 140.14% 31.48% -41.18% -546.73% 57.49% 39.61% 134.92% 181.63%
EBIT Growth		 -192.20% -12.12% 16.06% 32.36% 38.23% 13.32% -117.30% 35.79% 32.45% 66.49% 64.42%
NOPAT Growth		 -200.30% -16.73% 20.06% 34.08% 35.09% 13.87% -108.91% 24.05% 41.13% 65.20% 63.42%
Net Income Growth		 -175.80% -45.87% 17.07% 23.22% 37.67% 13.26% -120.45% 35.91% 34.85% 66.09% 52.88%
EPS Growth		 2.31% -45.87% 17.07% 23.57% 38.32% 15.15% -119.64% 39.02% 40.00% 71.11% 53.85%
Operating Cash Flow Growth		 122.70% -57.59% -176.68% 292.02% -26.35% 107.18% -181.72% 79.63% 124.90% -329.24% 849.04%
Free Cash Flow Firm Growth		 -228.78% 490.55% -206.87% 102.08% 109.35% 257.38% -141.55% -9.71% 79.61% -96.79% -206.36%
Invested Capital Growth		 0.84% -92.20% 772.76% -18.18% -18.55% -39.52% -27.88% -20.93% -28.92% 1.95% 52.50%
Revenue Q/Q Growth		 123.72% -13.10% 1.98% -5.95% 4.21% -22.27% 8.60% 14.82% 7.50% -10.42% 17.59%
EBITDA Q/Q Growth		 185.85% -106.11% 867.32% -66.57% 289.61% -47.73% -0.70% 38.07% -15.41% 267.83% 114.12%
EBIT Q/Q Growth		 -19.41% -1.13% 6.55% -36.65% 28.60% -16.83% 2.87% 18.32% 4.71% 24.54% 52.73%
NOPAT Q/Q Growth		 -22.72% -2.58% 8.02% -30.44% 25.78% -18.50% 5.32% 3.94% 22.62% 20.79% 50.22%
Net Income Q/Q Growth		 -24.28% -2.10% 2.87% -40.44% 28.24% -18.09% 2.90% 18.43% 5.18% 24.05% 41.39%
EPS Q/Q Growth		 -29.59% -2.10% 2.87% -40.79% 27.47% -16.67% 2.38% 20.21% 11.76% 18.75% 45.45%
Operating Cash Flow Q/Q Growth		 510.46% -49.06% 25.46% 37.25% 631.48% -39.99% -57.66% 73.37% 2.91% -197.65% 116.16%
Free Cash Flow Firm Q/Q Growth		 2.07% 599.56% -495.33% 13.88% 230.70% -33.64% -285.44% -6.40% 76.83% -118.14% -19.16%
Invested Capital Q/Q Growth		 -3.74% -89.41% -0.97% -5.72% -13.08% -5.94% 15.38% 27.31% 13.64% 36.44% 38.69%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 11.15% 13.76% 15.61% 19.86% -17.50% 9.85% 10.52% 15.01% 17.21%
EBITDA Margin		 3.19% -0.07% 1.27% 3.09% 4.30% 4.28% -66.62% -13.55% -4.36% 1.99% 5.49%
Operating Margin		 -17.33% -34.50% -24.25% -16.23% -11.14% -16.25% -118.36% -43.00% -13.50% -6.13% -2.20%
EBIT Margin		 -16.87% -32.24% -23.80% -16.35% -10.68% -15.67% -118.71% -36.46% -13.13% -5.75% -2.00%
Profit (Net Income) Margin		 -11.20% -27.85% -20.31% -15.83% -10.44% -15.33% -117.80% -36.11% -12.54% -5.55% -2.57%
Tax Burden Percent		 65.64% 86.54% 85.68% 96.83% 98.45% 100.18% 99.91% 100.58% 99.22% 100.17% 100.31%
Interest Burden Percent		 101.14% 99.80% 99.60% 100.03% 99.27% 97.64% 99.32% 98.48% 96.28% 96.50% 127.64%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -17.61% -37.98% -43.12% -17.43% -13.85% -16.56% -53.34% -53.99% -42.08% -17.46% -5.01%
ROIC Less NNEP Spread (ROIC-NNEP)		 -23.07% -33.03% -37.62% 6.63% -0.13% -7.59% -30.85% -42.44% -25.77% -2.17% -16.58%
Return on Net Nonoperating Assets (RNNOA)		 4.60% 17.86% 22.79% -1.47% 0.03% 2.97% 15.42% 20.48% 11.80% 0.55% -6.72%
Return on Equity (ROE)		 -13.01% -20.11% -20.33% -18.90% -13.82% -13.59% -37.92% -33.51% -30.28% -16.91% -11.73%
Cash Return on Invested Capital (CROIC)		 -18.44% 133.07% -202.00% 2.57% 6.59% 32.69% -20.94% -30.62% -8.27% -19.39% -46.59%
Operating Return on Assets (OROA)		 -16.01% -32.70% -38.89% -15.82% -11.19% -11.68% -33.05% -26.38% -20.15% -9.64% -3.49%
Return on Assets (ROA)		 -10.63% -28.25% -33.19% -15.32% -10.93% -11.43% -32.79% -26.13% -19.25% -9.32% -4.47%
Return on Common Equity (ROCE)		 -13.01% -20.20% -20.43% -18.90% -13.82% -13.59% -37.92% -33.51% -30.28% -16.91% -11.73%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -28 -33 -27 -18 -11 -9.79 -20 -16 -9.15 -3.18 -1.16
NOPAT Margin		 -12.13% -24.15% -16.98% -11.36% -7.80% -11.38% -82.85% -30.10% -9.45% -4.29% -1.54%
Net Nonoperating Expense Percent (NNEP)		 5.46% -4.94% -5.50% -24.06% -13.72% -8.97% -22.49% -11.56% -16.31% -15.28% 11.57%
Return On Investment Capital (ROIC_SIMPLE)		 -12.92% -19.39% -17.81% -13.50% -10.60% -10.75% -32.59% -31.53% -26.83% -16.08% -3.49%
Cost of Revenue to Revenue		 0.00% 0.00% 88.85% 86.24% 84.39% 80.14% 117.50% 90.15% 89.48% 84.99% 82.79%
SG&A Expenses to Revenue		 97.28% 102.33% 10.34% 10.57% 11.78% 16.17% 48.78% 29.93% 12.97% 13.41% 11.91%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 117.33% 134.50% 35.41% 30.00% 26.75% 36.11% 100.87% 52.85% 24.02% 21.15% 19.41%
Earnings before Interest and Taxes (EBIT)		 -40 -44 -37 -25 -16 -13 -29 -19 -13 -4.26 -1.52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 7.49 -0.10 1.98 4.76 6.26 3.68 -16 -6.99 -4.22 1.48 4.15
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.30 0.86 0.65 0.57 0.46 0.47 0.75 0.82 1.53 2.40 3.06
Price to Tangible Book Value (P/TBV)		 0.30 0.86 0.65 0.57 0.46 0.47 0.75 0.82 1.55 2.45 3.14
Price to Revenue (P/Rev)		 0.27 1.08 0.59 0.43 0.33 0.49 1.90 0.77 0.50 0.56 0.64
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 23.88% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.10 11.72 0.56 0.44 0.25 0.00 0.51 0.65 1.93 2.32 2.16
Enterprise Value to Revenue (EV/Rev)		 0.07 1.08 0.39 0.26 0.12 0.00 0.67 0.32 0.36 0.58 0.80
Enterprise Value to EBITDA (EV/EBITDA)		 2.19 0.00 30.98 8.33 2.91 0.00 0.00 0.00 0.00 28.92 14.62
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.80 16.99 0.00 3.08 1.92 0.00 0.00 0.00 42.73 0.00 4.34
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.27 0.00 15.36 3.36 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.00 0.06 0.11 0.04 0.00 0.01 0.01 0.08 0.15 1.11
Long-Term Debt to Equity		 0.01 0.00 0.04 0.05 0.00 0.00 0.00 0.00 0.04 0.09 0.72
Financial Leverage		 -0.20 -0.54 -0.61 -0.22 -0.25 -0.39 -0.50 -0.48 -0.46 -0.25 0.41
Leverage Ratio		 1.22 0.71 0.61 1.23 1.26 1.19 1.16 1.28 1.57 1.81 2.63
Compound Leverage Factor		 1.24 0.71 0.61 1.23 1.25 1.16 1.15 1.26 1.51 1.75 3.35
Debt to Total Capital		 4.85% 0.00% 5.27% 9.85% 3.87% 0.15% 0.49% 0.98% 7.83% 12.74% 52.62%
Short-Term Debt to Total Capital		 3.90% 0.00% 1.82% 5.15% 3.78% 0.10% 0.48% 0.56% 4.05% 5.10% 18.68%
Long-Term Debt to Total Capital		 0.96% 0.00% 3.45% 4.70% 0.09% 0.05% 0.01% 0.42% 3.78% 7.64% 33.94%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 95.15% 100.93% 94.73% 90.15% 96.13% 99.85% 99.51% 99.02% 92.17% 87.26% 47.38%
Debt to EBITDA		 1.43 0.00 3.97 2.68 0.66 0.04 -0.02 -0.07 -0.63 1.71 4.23
Net Debt to EBITDA		 -6.32 0.00 -15.50 -5.57 -4.71 -12.60 1.84 3.34 3.16 0.77 2.96
Long-Term Debt to EBITDA		 0.28 0.00 2.60 1.28 0.02 0.01 0.00 -0.03 -0.31 1.03 2.73
Debt to NOPAT		 -0.38 0.00 -0.30 -0.73 -0.37 -0.01 -0.02 -0.03 -0.29 -0.79 -15.07
Net Debt to NOPAT		 1.66 0.00 1.16 1.51 2.59 4.74 1.48 1.50 1.46 -0.36 -10.54
Long-Term Debt to NOPAT		 -0.07 0.00 -0.19 -0.35 -0.01 0.00 0.00 -0.01 -0.14 -0.47 -9.72
Altman Z-Score		 2.16 9.67 2.62 1.73 1.81 2.20 0.29 -0.76 -0.63 -2.28 -1.61
Noncontrolling Interest Sharing Ratio		 0.00% -0.42% -0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.47 2.16 3.91 2.82 3.59 7.87 5.65 2.71 1.67 1.46 0.81
Quick Ratio		 3.25 1.48 3.55 2.37 2.91 6.57 4.55 1.66 1.06 1.14 0.55
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -30 116 -124 2.58 5.41 19 -8.03 -8.81 -1.80 -3.54 -11
Operating Cash Flow to CapEx		 385.63% 138.13% -92.40% 84.22% 234.19% 861.83% -29,722.22% -300.18% 23.23% -140.09% 219.66%
Free Cash Flow to Firm to Interest Expense		 -48.98 448.03 -787.92 6.33 12.44 232.93 -382.52 -284.28 -17.45 -22.24 -20.21
Operating Cash Flow to Interest Expense		 33.85 33.62 -42.42 31.55 21.79 236.64 -764.29 -105.45 7.90 -11.74 26.08
Operating Cash Flow Less CapEx to Interest Expense		 25.07 9.28 -88.34 -5.91 12.49 209.18 -766.86 -140.58 -26.12 -20.11 14.21
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.95 1.01 1.63 0.97 1.05 0.75 0.28 0.72 1.53 1.68 1.74
Accounts Receivable Turnover		 6.44 5.30 6.33 5.27 5.87 5.43 3.04 6.12 9.35 6.53 7.81
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.54 0.00 0.00 1.95 2.33 1.86 0.76 2.21 5.24 5.03 3.46
Accounts Payable Turnover		 0.00 0.00 24.15 23.40 26.23 24.84 13.87 13.85 21.60 17.35 9.66
Days Sales Outstanding (DSO)		 56.64 68.92 57.64 69.25 62.21 67.19 120.08 59.66 39.02 55.88 46.72
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 15.12 15.60 13.91 14.69 26.31 26.35 16.90 21.04 37.77
Cash Conversion Cycle (CCC)		 56.64 68.92 42.52 53.65 48.30 52.50 93.77 33.31 22.12 34.84 8.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 162 13 111 90 74 45 32 25 18 18 28
Invested Capital Turnover		 1.45 1.57 2.54 1.53 1.78 1.46 0.64 1.79 4.45 4.07 3.25
Increase / (Decrease) in Invested Capital		 1.35 -150 98 -20 -17 -29 -12 -6.73 -7.35 0.35 9.67
Enterprise Value (EV)		 16 149 61 40 18 -3.90 17 16 35 43 61
Market Capitalization		 64 149 92 66 48 43 47 40 48 42 48
Book Value per Share		 $9.72 $8.00 $6.51 $5.10 $4.44 $3.87 $2.64 $2.05 $1.02 $0.56 $0.51
Tangible Book Value per Share		 $9.71 $8.00 $6.48 $5.08 $4.42 $3.86 $2.63 $2.03 $1.01 $0.55 $0.50
Total Capital		 220 171 149 130 107 91 63 49 34 20 33
Total Debt		 11 0.00 7.87 13 4.16 0.14 0.31 0.48 2.67 2.52 18
Total Long-Term Debt		 2.11 0.00 5.15 6.10 0.10 0.04 0.01 0.21 1.29 1.51 11
Net Debt		 -47 0.00 -31 -27 -29 -46 -30 -23 -13 1.14 12
Capital Expenditures (CapEx)		 5.35 6.33 7.25 15 4.05 2.28 0.05 1.09 3.50 1.33 6.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 22 13 23 17 18 4.71 4.93 4.04 0.35 4.24 -4.05
Debt-free Net Working Capital (DFNWC)		 80 13 62 56 51 51 36 28 16 5.62 1.23
Net Working Capital (NWC)		 71 13 59 50 47 51 35 28 15 4.61 -5.00
Net Nonoperating Expense (NNE)		 -2.20 5.09 5.22 6.89 3.84 3.40 8.63 3.10 3.00 0.93 0.78
Net Nonoperating Obligations (NNO)		 -47 -159 -31 -27 -29 -46 -30 -23 -13 1.14 12
Total Depreciation and Amortization (D&A)		 47 44 39 30 22 17 13 12 8.49 5.74 5.67
Debt-free, Cash-free Net Working Capital to Revenue		 9.21% 9.21% 15.00% 11.10% 12.21% 5.46% 19.96% 7.82% 0.36% 5.71% -5.35%
Debt-free Net Working Capital to Revenue		 33.93% 9.21% 39.66% 36.60% 35.28% 59.52% 144.04% 54.05% 16.92% 7.58% 1.63%
Net Working Capital to Revenue		 30.27% 9.21% 37.92% 32.26% 32.49% 59.41% 142.81% 53.52% 15.50% 6.22% -6.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.21) ($1.75) ($1.37) ($1.07) ($0.66) ($0.56) ($1.23) ($0.86) ($0.45) ($0.13) ($0.06)
Adjusted Weighted Average Basic Shares Outstanding		 21.72M 22.69M 22.78M 22.91M 23.18M 23.38M 23.57M 23.78M 26.75M 30.88M 31.02M
Adjusted Diluted Earnings per Share		 ($1.21) ($1.75) ($1.37) ($1.07) ($0.66) ($0.56) ($1.23) ($0.86) ($0.45) ($0.13) ($0.06)
Adjusted Weighted Average Diluted Shares Outstanding		 21.72M 22.69M 22.78M 22.91M 23.18M 23.38M 23.57M 23.78M 26.75M 30.88M 31.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 22.71M 22.75M 22.88M 23.14M 23.29M 23.48M 23.69M 23.81M 30.81M 30.98M 31.05M
Normalized Net Operating Profit after Tax (NOPAT)		 -28 -33 -27 -18 -11 -9.79 -20 -16 -9.15 -3.18 -1.16
Normalized NOPAT Margin		 -12.13% -24.15% -16.98% -11.36% -7.80% -11.38% -82.85% -30.10% -9.45% -4.29% -1.54%
Pre Tax Income Margin		 -17.06% -32.18% -23.70% -16.35% -10.60% -15.30% -117.91% -35.91% -12.64% -5.55% -2.56%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -65.00 -170.69 -235.77 -61.76 -35.78 -162.54 -1,396.00 -607.23 -123.46 -26.80 -2.83
NOPAT to Interest Expense		 -46.76 -127.85 -168.19 -42.94 -26.14 -118.00 -974.33 -501.31 -88.83 -20.03 -2.17
EBIT Less CapEx to Interest Expense		 -73.78 -195.03 -281.68 -99.22 -45.09 -190.00 -1,398.57 -642.35 -157.48 -35.18 -14.70
NOPAT Less CapEx to Interest Expense		 -55.54 -152.19 -214.11 -80.40 -35.45 -145.46 -976.90 -536.44 -122.84 -28.40 -14.04
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -25.15% -239.38% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -25.15% -239.38% 0.00%

Quarterly Metrics And Ratios for Dawson Geophysical

This table displays calculated financial ratios and metrics derived from Dawson Geophysical's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 25,000,564.00 30,812,329.00 30,812,329.00 30,812,329.00 30,906,777.00 30,983,437.00 30,983,437.00 30,984,162.00 31,047,801.00 31,047,801.00 31,052,840.00
DEI Adjusted Shares Outstanding		 25,000,564.00 30,812,329.00 30,812,329.00 30,812,329.00 30,906,777.00 30,983,437.00 30,983,437.00 30,984,162.00 31,047,801.00 31,047,801.00 31,052,840.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.21 -0.07 0.19 -0.12 -0.18 -0.03 0.03 -0.08 -0.04 0.02 0.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 209.07% 38.60% 7.40% -38.12% -37.19% -35.54% -49.09% -21.27% 57.73% 72.35% 128.26%
EBITDA Growth		 19.33% -1,709.09% 247.41% 7.30% -28.35% 202.26% -69.11% 50.41% 105.07% 407.73% 334.56%
EBIT Growth		 23.52% 22.27% 1,247.98% 19.23% -6.04% 63.11% -82.16% 37.67% 80.12% 208.77% 665.04%
NOPAT Growth		 19.34% 65.32% 1,498.21% 21.10% -0.98% 58.88% -81.62% 37.09% 79.61% 244.74% 688.59%
Net Income Growth		 24.80% 23.94% 1,515.50% 19.95% -8.06% 61.92% -83.03% 33.76% 79.47% 170.95% 672.28%
EPS Growth		 28.57% 54.55% 1,050.00% 33.33% 10.00% 60.00% -84.21% 33.33% 77.78% 250.00% 733.33%
Operating Cash Flow Growth		 1.29% 1.38% 202.75% -21.81% -28.64% -229.19% -6.31% 151.27% -11.94% 138.45% -126.54%
Free Cash Flow Firm Growth		 -97.21% 125.19% -98.43% -182.00% -2,066.83% -115.77% 1,216.77% 195.93% -366.11% -842.94% -376.12%
Invested Capital Growth		 -20.37% -28.92% 29.49% 109.83% -15.09% 1.95% -16.35% -79.09% 50.02% 52.50% 110.97%
Revenue Q/Q Growth		 13.56% 5.65% 30.20% -60.39% 15.26% 8.43% 2.82% -38.73% 130.90% 18.48% 36.17%
EBITDA Q/Q Growth		 -32.92% 84.15% 1,525.61% -130.87% -84.04% 112.63% 330.57% -149.57% 118.81% 1,164.68% 268.52%
EBIT Q/Q Growth		 -15.77% 59.07% 372.36% -162.58% -51.99% 85.76% 231.73% -318.65% 51.52% 177.90% 826.56%
NOPAT Q/Q Growth		 -19.15% 64.37% 495.06% -147.04% -52.51% 85.49% 276.58% -261.00% 50.57% 203.00% 862.06%
Net Income Q/Q Growth		 -17.34% 59.48% 377.59% -160.66% -58.40% 85.72% 223.69% -336.79% 50.92% 149.35% 1,246.40%
EPS Q/Q Growth		 -11.11% 75.00% 480.00% -163.16% -50.00% 88.89% 250.00% -366.67% 50.00% 175.00% 733.33%
Operating Cash Flow Q/Q Growth		 -143.44% 49.89% 213.47% 216.58% -171.47% -28.22% 132.29% 749.03% -131.84% 144.05% -122.29%
Free Cash Flow Firm Q/Q Growth		 -99.34% 7,082.08% -93.86% -2,909.95% 84.13% 42.40% 612.49% 104.70% -177.13% -16.53% -50.07%
Invested Capital Q/Q Growth		 129.87% 13.64% 27.44% -36.97% -6.98% 36.44% 4.57% -84.24% 567.25% 38.69% 44.66%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -5.15% 22.40% 30.47% 0.97% -12.00% 19.94% 26.74% 11.51% 10.05% 19.65% 35.64%
EBITDA Margin		 -14.59% -2.19% 23.97% -18.68% -29.82% 3.47% 14.54% -11.77% 0.96% 10.23% 27.68%
Operating Margin		 -24.79% -8.36% 18.37% -30.12% -39.86% -5.33% 6.43% -24.07% -5.15% 3.14% 22.18%
EBIT Margin		 -23.37% -9.05% 18.94% -29.92% -39.45% -5.18% 6.64% -23.68% -4.97% 3.27% 22.24%
Profit (Net Income) Margin		 -22.64% -8.68% 18.51% -28.34% -38.95% -5.13% 6.17% -23.85% -5.07% 2.11% 20.88%
Tax Burden Percent		 100.06% 100.00% 96.66% 96.44% 99.38% 96.51% 99.70% 99.70% 100.87% 100.00% 99.87%
Interest Burden Percent		 96.83% 95.90% 101.12% 98.24% 99.35% 102.59% 93.25% 100.99% 101.06% 64.59% 93.97%
Effective Tax Rate		 0.00% 0.00% 3.34% 0.00% 0.00% 0.00% 0.30% 0.00% 0.00% 0.00% 0.13%
Return on Invested Capital (ROIC)		 -87.18% -26.07% 86.18% -179.72% -157.13% -15.18% 17.79% -107.51% -13.75% 10.20% 71.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 -81.30% -22.33% 83.75% -173.92% -142.80% -11.61% 20.17% -101.43% -223.59% 6.08% 66.07%
Return on Net Nonoperating Assets (RNNOA)		 43.49% 10.23% -27.15% 103.24% 61.52% 2.91% -1.45% 57.16% -2.12% 2.47% 29.01%
Return on Equity (ROE)		 -43.69% -15.84% 59.03% -76.48% -95.60% -12.26% 16.34% -50.36% -15.87% 12.66% 100.21%
Cash Return on Invested Capital (CROIC)		 -43.25% -8.27% -48.67% -108.05% -11.03% -19.39% -13.04% 67.63% -53.88% -46.59% -53.25%
Operating Return on Assets (OROA)		 -37.80% -13.90% 30.38% -53.52% -78.61% -8.69% 8.55% -30.59% -9.04% 5.69% 43.84%
Return on Assets (ROA)		 -36.62% -13.33% 29.70% -50.71% -77.61% -8.61% 7.95% -30.80% -9.21% 3.68% 41.14%
Return on Common Equity (ROCE)		 -43.69% -15.84% 59.03% -76.48% -95.60% -12.26% 16.34% -50.36% -15.87% 12.66% 100.21%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.98 -1.42 5.61 -2.64 -4.02 -0.58 1.03 -1.66 -0.82 0.85 8.13
NOPAT Margin		 -17.35% -5.85% 17.76% -21.09% -27.90% -3.73% 6.41% -16.85% -3.61% 3.14% 22.15%
Net Nonoperating Expense Percent (NNEP)		 -5.88% -3.74% 2.43% -5.80% -14.32% -3.57% -2.38% -6.09% 209.84% 4.11% 5.13%
Return On Investment Capital (ROIC_SIMPLE)		 -11.37% -4.16% 18.76% -10.17% -19.65% -2.95% 4.70% -8.62% -3.24% 2.53% 19.18%
Cost of Revenue to Revenue		 105.15% 77.60% 69.53% 99.03% 112.00% 80.06% 73.26% 88.49% 89.95% 80.35% 64.36%
SG&A Expenses to Revenue		 10.87% 14.79% 7.07% 19.85% 18.24% 16.62% 12.40% 23.66% 9.28% 9.55% 8.01%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.64% 30.76% 12.10% 31.09% 27.86% 25.27% 20.31% 35.58% 15.21% 16.52% 13.46%
Earnings before Interest and Taxes (EBIT)		 -5.37 -2.20 5.98 -3.74 -5.69 -0.81 1.07 -2.33 -1.13 0.88 8.16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.35 -0.53 7.57 -2.34 -4.30 0.54 2.34 -1.16 0.22 2.76 10
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.48 1.53 1.37 2.53 2.68 2.40 2.08 2.76 3.60 3.06 4.61
Price to Tangible Book Value (P/TBV)		 1.50 1.55 1.39 2.57 2.73 2.45 2.12 2.82 3.68 3.14 4.68
Price to Revenue (P/Rev)		 0.55 0.50 0.38 0.66 0.59 0.56 0.65 0.81 0.85 0.64 1.12
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.72
Dividend Yield		 0.00% 0.00% 0.00% 16.41% 20.25% 23.88% 26.02% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.40%
Enterprise Value to Invested Capital (EV/IC)		 2.01 1.93 1.01 3.50 3.27 2.32 2.03 10.50 2.95 2.16 3.07
Enterprise Value to Revenue (EV/Rev)		 0.36 0.36 0.23 0.56 0.53 0.58 0.67 0.57 0.93 0.80 1.30
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 19.94 37.61 109.94 28.92 0.00 0.00 30.78 14.62 10.42
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.36
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 40.48 42.73 5.17 17.81 23.07 0.00 0.00 4.57 9.23 4.34 10.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.37 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.08 0.10 0.09 0.12 0.15 0.20 0.17 0.67 1.11 0.82
Long-Term Debt to Equity		 0.03 0.04 0.06 0.06 0.08 0.09 0.07 0.07 0.43 0.72 0.50
Financial Leverage		 -0.54 -0.46 -0.32 -0.59 -0.43 -0.25 -0.07 -0.56 0.01 0.41 0.44
Leverage Ratio		 1.44 1.57 2.04 1.94 1.61 1.81 2.00 2.16 2.12 2.63 2.35
Compound Leverage Factor		 1.40 1.51 2.07 1.90 1.60 1.86 1.86 2.18 2.14 1.70 2.21
Debt to Total Capital		 4.71% 7.83% 8.80% 8.28% 10.91% 12.74% 16.59% 14.80% 40.04% 52.62% 44.94%
Short-Term Debt to Total Capital		 1.46% 4.05% 3.72% 2.85% 3.44% 5.10% 10.54% 8.94% 14.20% 18.68% 17.27%
Long-Term Debt to Total Capital		 3.25% 3.78% 5.09% 5.43% 7.48% 7.64% 6.05% 5.85% 25.84% 33.94% 27.67%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 95.29% 92.17% 91.20% 91.72% 89.09% 87.26% 83.41% 85.20% 59.96% 47.38% 55.06%
Debt to EBITDA		 -0.45 -0.63 2.25 1.59 5.57 1.71 -0.97 -1.11 5.23 4.23 1.59
Net Debt to EBITDA		 4.78 3.16 -12.08 -6.87 -11.83 0.77 -0.26 5.19 2.61 2.96 1.44
Long-Term Debt to EBITDA		 -0.31 -0.31 1.30 1.04 3.82 1.03 -0.35 -0.44 3.37 2.73 0.98
Debt to NOPAT		 -0.14 -0.29 -0.56 -0.54 -0.56 -0.79 -0.56 -0.51 -4.33 -15.07 3.51
Net Debt to NOPAT		 1.48 1.46 3.01 2.33 1.18 -0.36 -0.15 2.41 -2.16 -10.54 3.19
Long-Term Debt to NOPAT		 -0.10 -0.14 -0.32 -0.35 -0.38 -0.47 -0.20 -0.20 -2.80 -9.72 2.16
Altman Z-Score		 0.06 -0.03 -0.07 -0.20 -1.60 -1.91 -2.11 -2.15 -2.15 -1.47 0.62
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.08 1.67 1.42 1.65 1.50 1.46 1.56 1.18 0.80 0.81 1.01
Quick Ratio		 1.28 1.06 0.99 1.14 1.11 1.14 1.16 0.74 0.44 0.55 0.77
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.08 5.93 0.36 -10 -1.62 -0.94 4.80 9.82 -7.57 -8.82 -13
Operating Cash Flow to CapEx		 -715.00% -156.36% 358.24% 808.74% 0.00% -3,455.41% 0.00% 3,035.71% -87.40% 326.45% -34.70%
Free Cash Flow to Firm to Interest Expense		 3.75 118.65 7.92 -262.42 -46.42 -23.99 63.10 169.26 -106.65 -26.66 -26.43
Operating Cash Flow to Interest Expense		 -149.50 -32.96 40.65 151.79 -120.89 -139.10 23.05 256.47 -66.70 6.30 -0.93
Operating Cash Flow Less CapEx to Interest Expense		 -170.41 -54.04 29.30 133.03 -118.63 -143.13 25.49 248.02 -143.03 4.37 -3.60
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.62 1.53 1.60 1.79 1.99 1.68 1.29 1.29 1.82 1.74 1.97
Accounts Receivable Turnover		 18.07 9.35 6.75 18.43 18.94 6.53 4.53 14.09 25.94 7.81 6.32
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 5.07 5.24 5.71 0.00 5.39 5.03 4.19 4.24 3.38 3.46 4.28
Accounts Payable Turnover		 18.03 21.60 13.96 17.48 15.61 17.35 11.35 15.39 11.72 9.66 11.43
Days Sales Outstanding (DSO)		 20.20 39.02 54.04 19.81 19.27 55.88 80.65 25.91 14.07 46.72 57.78
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 20.25 16.90 26.15 20.88 23.38 21.04 32.16 23.72 31.13 37.77 31.92
Cash Conversion Cycle (CCC)		 -0.05 22.12 27.89 -1.08 -4.11 34.84 48.50 2.19 -17.06 8.94 25.86
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 16 18 23 15 13 18 19 3.04 20 28 41
Invested Capital Turnover		 5.02 4.45 4.85 8.52 5.63 4.07 2.77 6.38 3.81 3.25 3.21
Increase / (Decrease) in Invested Capital		 -4.07 -7.35 5.24 7.60 -2.40 0.35 -3.77 -11 6.75 9.67 21
Enterprise Value (EV)		 32 35 23 51 44 43 39 32 60 61 125
Market Capitalization		 50 48 37 60 49 42 38 45 55 48 107
Book Value per Share		 $1.34 $1.02 $0.88 $0.77 $0.59 $0.56 $0.59 $0.53 $0.49 $0.51 $0.75
Tangible Book Value per Share		 $1.32 $1.01 $0.87 $0.76 $0.58 $0.55 $0.58 $0.52 $0.48 $0.50 $0.74
Total Capital		 35 34 30 26 20 20 22 19 25 33 42
Total Debt		 1.65 2.67 2.63 2.15 2.24 2.52 3.64 2.85 10 18 19
Total Long-Term Debt		 1.14 1.29 1.52 1.41 1.53 1.51 1.33 1.13 6.55 11 12
Net Debt		 -18 -13 -14 -9.28 -4.75 1.14 0.97 -13 5.06 12 17
Capital Expenditures (CapEx)		 0.46 1.05 0.52 0.73 -0.08 0.16 -0.19 0.49 5.42 0.64 1.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.72 0.35 -4.28 -1.68 -1.87 4.24 6.30 -9.62 -4.83 -4.05 5.95
Debt-free Net Working Capital (DFNWC)		 17 16 12 9.75 5.11 5.62 8.97 6.61 0.25 1.23 7.70
Net Working Capital (NWC)		 17 15 11 9.01 4.41 4.61 6.66 4.88 -3.35 -5.00 0.38
Net Nonoperating Expense (NNE)		 1.21 0.69 -0.24 0.91 1.59 0.22 0.04 0.69 0.33 0.28 0.47
Net Nonoperating Obligations (NNO)		 -18 -13 -4.24 -9.28 -4.75 1.14 0.97 -13 5.06 12 17
Total Depreciation and Amortization (D&A)		 2.01 1.67 1.59 1.41 1.39 1.35 1.27 1.17 1.35 1.88 2.00
Debt-free, Cash-free Net Working Capital to Revenue		 -1.91% 0.36% -4.33% -1.84% -2.26% 5.71% 10.75% -17.19% -7.51% -5.35% 6.18%
Debt-free Net Working Capital to Revenue		 19.36% 16.92% 12.57% 10.67% 6.18% 7.58% 15.29% 11.80% 0.39% 1.63% 8.00%
Net Working Capital to Revenue		 18.79% 15.50% 11.44% 9.86% 5.33% 6.22% 11.35% 8.72% -5.21% -6.61% 0.39%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.20) ($0.05) $0.19 ($0.12) ($0.18) ($0.02) $0.03 ($0.08) ($0.04) $0.03 $0.25
Adjusted Weighted Average Basic Shares Outstanding		 26.14M 26.75M 30.81M 30.82M 30.91M 30.88M 30.98M 30.99M 31.05M 31.02M 31.05M
Adjusted Diluted Earnings per Share		 ($0.20) ($0.05) $0.19 ($0.12) ($0.18) ($0.02) $0.03 ($0.08) ($0.04) $0.03 $0.25
Adjusted Weighted Average Diluted Shares Outstanding		 26.14M 26.75M 30.81M 30.82M 30.91M 30.88M 31.04M 30.99M 31.05M 31.02M 31.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 30.81M 30.81M 30.81M 30.91M 30.98M 30.98M 30.98M 31.05M 31.05M 31.05M 31.05M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.98 -1.42 5.61 -2.64 -4.02 -0.58 1.03 -1.66 -0.82 0.59 8.13
Normalized NOPAT Margin		 -17.35% -5.85% 17.76% -21.09% -27.90% -3.73% 6.41% -16.85% -3.61% 2.19% 22.15%
Pre Tax Income Margin		 -22.63% -8.68% 19.15% -29.39% -39.19% -5.31% 6.19% -23.92% -5.03% 2.11% 20.90%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -243.86 -43.92 130.02 -95.97 -162.54 -20.77 14.04 -40.22 -15.93 2.66 16.29
NOPAT to Interest Expense		 -181.11 -28.39 121.92 -67.65 -114.96 -14.97 13.56 -28.62 -11.55 2.55 16.23
EBIT Less CapEx to Interest Expense		 -264.77 -65.00 118.67 -114.74 -160.29 -24.79 16.47 -48.67 -92.25 0.73 13.62
NOPAT Less CapEx to Interest Expense		 -202.02 -49.47 110.57 -86.42 -112.70 -18.99 16.00 -37.06 -87.88 0.62 13.55
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -25.15% 0.00% -258.09% -238.15% -239.38% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -25.15% 0.00% -258.09% -238.15% -239.38% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Dawson Geophysical’s latest quarter showed a sharp rebound in profitability, but cash flow and balance sheet trends remain mixed. In Q1 2026, revenue rose to $36.7 million, up from $27.0 million in Q4 2025 and well above the prior-year quarter levels shown in the data. The company generated $7.7 million of net income, a strong improvement from recent quarters that were much weaker or loss-making.

Profitability improved meaningfully year over year. Gross profit in Q1 2026 reached $13.1 million, while operating income was $8.1 million. That compares favorably with Q1 2025, when operating income was $1.0 million, and with several 2024 quarters that were often under pressure. The company also held EPS at $0.25 in the latest quarter, versus $0.03 in Q4 2025 and a loss per share in several earlier quarters.

Cash flow, however, remains uneven. Q1 2026 operating cash flow was negative $465,000, despite the profitable income statement. That was a sharp decline from $2.1 million in Q4 2025 and $14.9 million in Q2 2025. The latest quarter’s negative operating cash flow was driven largely by a $10.3 million increase in operating assets and liabilities, suggesting working capital was a major drag.

The balance sheet improved in leverage terms, but liquidity tightened. Total liabilities fell to $41.1 million from $25.4 million in Q3 2025? Wait — the Q1 2026 balance sheet shows liabilities at $41.1 million and equity at $23.3 million, with total assets of $64.4 million. Short-term debt was $7.3 million and long-term debt was $11.7 million, so debt remains meaningful relative to the company’s size. Cash and equivalents were only $1.4 million, down sharply from $5.1 million in Q3 2025 and $16.2 million in Q2 2025.

  • Revenue surged to $36.7 million in Q1 2026, indicating improved business activity.
  • Net income jumped to $7.7 million, a big step up from recent weaker quarters.
  • Operating income improved strongly to $8.1 million, showing better core profitability.
  • Gross profit expanded to $13.1 million, suggesting better pricing and/or utilization.
  • Debt has come down from earlier 2024 levels, with long-term debt at $11.7 million versus higher totals previously.
  • Depreciation remains a large non-cash charge at $2.0 million, which is manageable but still significant.
  • Accounts receivable are elevated at $19.4 million, so collections will matter for liquidity.
  • Quarterly results have been volatile over the last four years, with swings between profits and losses.
  • Operating cash flow was negative in Q1 2026, despite strong reported earnings.
  • Cash balances declined sharply to $1.4 million, leaving less room for error.

Looking at the bigger picture, Dawson Geophysical appears to be in a turnaround phase. The latest quarter shows clear progress on earnings and operating income, but investors should watch whether that improvement converts into consistent operating cash flow. The company’s capital structure still includes meaningful debt, and the low cash balance makes execution important going forward.

Bottom line: the latest quarter was encouraging on the income statement, but the cash flow and liquidity picture remains the key risk to monitor.

07/14/26 11:39 AM ETAI Generated. May Contain Errors.

Dawson Geophysical Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dawson Geophysical's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Dawson Geophysical's net income appears to be on a downward trend, with a most recent value of -$1.94 million in 2025, falling from -$26.28 million in 2015. The previous period was -$4.12 million in 2024. View Dawson Geophysical's forecast to see where analysts expect Dawson Geophysical to go next.

Dawson Geophysical's total operating income in 2025 was -$1.66 million, based on the following breakdown:
  • Total Gross Profit: $13.02 million
  • Total Operating Expenses: $14.68 million

Over the last 10 years, Dawson Geophysical's total revenue changed from $234.69 million in 2015 to $75.63 million in 2025, a change of -67.8%.

Dawson Geophysical's total liabilities were at $40.20 million at the end of 2025, a 195.8% increase from 2024, and a 5.6% increase since 2015.

In the past 10 years, Dawson Geophysical's cash and equivalents has ranged from $0.00 in 2016 to $40.96 million in 2020, and is currently $4.91 million as of their latest financial filing in 2025.

Over the last 10 years, Dawson Geophysical's book value per share changed from 9.72 in 2015 to 0.51 in 2025, a change of -94.8%.


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Financial statements for NASDAQ:DWSN last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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