Drilling Tools International Corp (DTI) Financial Statements
Industry: Oil & Gas Field Machinery & Equipment
In fiscal 2025, Drilling Tools International reported revenue of $159.6M, up 3.4% from $154.4M the year before. Net income was -$3.8M (a -2.4% net margin), or -$0.11 per diluted share. Gross margin was -1.8% and operating margin was -70.4%. Operating activities generated $19.9M of cash, leaving -$224,000 of free cash flow. At fiscal year end, Drilling Tools International held $222.2M in total assets against $99.3M in total liabilities, including $3.6M of cash and equivalents.
Open the full interactive Drilling Tools International financials → Quarterly statements, key ratios, valuation history and price charts.
Drilling Tools International Key Stats
| Share Price | $2.02 |
|---|---|
| Market Cap | $71.3M |
| Revenue YoY Growth | +3.4% |
| 52-Week Range | $1.93 – $4.49 |
| Shares Outstanding | 35.3 million (basic, 2026 Q2) |
Drilling Tools International Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $152.0M | $154.4M | $159.6M |
| Cost of Goods Sold | — | — | $124.1M | $38.5M | $162.5M |
| Gross Profit | — | — | $27.9M | $116.0M | -$2.9M |
| Operating Income | -$252,254 | -$1.3M | $27.9M | $13.4M | -$112.4M |
| Pre-Tax Income | -$235,380 | $1.6M | $19.8M | $3.0M | -$2.9M |
| Income Tax | — | $546,045 | $5.0M | -$30,000 | $905,000 |
| Net Income | -$235,380 | $1.0M | $14.7M | $3.0M | -$3.8M |
| Diluted EPS | -$0.03 | $0.04 | $0.59 | $0.09 | -$0.11 |
Drilling Tools International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $38.8M | $38.5M | $38.0M | $38.1M |
| Net Income | -$903,000 | $1.2M | -$1.5M | -$1.8M |
| Diluted EPS | -$0.03 | $0.03 | -$0.04 | -$0.05 |
Drilling Tools International Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.4M | $207,915 | $6.0M | $6.2M | $3.6M |
| Current Assets | — | $382,945 | $46.4M | $68.1M | $64.9M |
| Total Assets | $210.4M | $213.9M | $132.5M | $222.4M | $222.2M |
| Current Liabilities | — | — | $22.3M | $31.0M | $30.8M |
| Total Long-Term Debt | — | — | — | $26.7M | $20.8M |
| Total Liabilities | $249,996 | $2.6M | $43.8M | $102.5M | $99.3M |
| Shareholders' Equity | $1.1M | -$2.0M | $88.7M | $120.0M | $122.9M |
Drilling Tools International Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$13,000 | -$1.7M | $23.3M | $6.1M | $19.9M |
| Cash From Investing | -$209.1M | -$1.5M | -$23.9M | -$53.6M | -$13.3M |
| Cash From Financing | $210.4M | $2.1M | $4.3M | $47.9M | -$9.3M |
| Free Cash Flow | — | — | -$20.4M | -$16.8M | -$224,000 |
Figures from Drilling Tools International's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Drilling Tools International financials page for every line item.
Drilling Tools International Company Profile
| Ticker | DTI |
|---|---|
| Exchange | Nasdaq |
| Industry | Oil & Gas Field Machinery & Equipment |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001884516 |
Frequently Asked Questions
What was Drilling Tools International's revenue in fiscal 2025?
Drilling Tools International (DTI) reported revenue of $159.6M for fiscal 2025.
What is Drilling Tools International's annual revenue history?
Drilling Tools International's annual revenue by fiscal year: 2021: $0; 2022: $0; 2023: $152.0M; 2024: $154.4M; 2025: $159.6M.
What was Drilling Tools International's net income in fiscal 2025?
Drilling Tools International reported net income of -$3.8M for fiscal 2025.
What was Drilling Tools International's earnings per share (EPS) in fiscal 2025?
Drilling Tools International's diluted EPS was -$0.11 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Drilling Tools International generate in fiscal 2025?
Drilling Tools International generated -$224,000 of free cash flow in fiscal 2025.
What was Drilling Tools International's revenue last quarter?
In its most recent reported quarter (2026 Q2), Drilling Tools International reported revenue of $38.1M.
How much debt does Drilling Tools International have?
Drilling Tools International reported $20.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Drilling Tools International are outstanding?
Drilling Tools International reported a weighted average of 35.3 million basic shares outstanding in 2026 Q2.
What is Drilling Tools International's market cap?
Based on its latest closing price, Drilling Tools International (DTI) has a market capitalization of about $71.3M.
When does Drilling Tools International's fiscal year end?
Drilling Tools International's fiscal year end, as registered with the SEC, is December 31.
Where is Drilling Tools International headquartered?
Drilling Tools International lists its business address in Houston, Texas in its SEC filings.
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