Dawson Geophysical Co (DWSN) Financial Statements
Industry: Oil & Gas Field Exploration Services
In fiscal 2025, Dawson Geophysical reported revenue of $75.6M, up 2.0% from $74.2M the year before. Net income was -$1.9M (a -2.6% net margin), or -$0.06 per diluted share. Gross margin was 17.2% and operating margin was -2.2%. Operating activities generated $14.0M of cash, leaving $7.1M of free cash flow. At fiscal year end, Dawson Geophysical held $56.0M in total assets against $40.2M in total liabilities, including $4.9M of cash and equivalents.
Open the full interactive Dawson Geophysical financials → Quarterly statements, key ratios, valuation history and price charts.
Dawson Geophysical Key Stats
| Share Price | $2.50 |
|---|---|
| Market Cap | $77.6M |
| Revenue YoY Growth | +2.0% |
| 52-Week Range | $1.56 – $7.57 |
| Shares Outstanding | 31.1 million (basic, 2026 Q2) |
Dawson Geophysical Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $86.1M | $24.7M | $37.5M | $96.8M | $74.2M | $75.6M |
| Cost of Goods Sold | $100.1M | $53.9M | $61.5M | $88.0M | $63.0M | $62.6M |
| Gross Profit | $17.1M | -$4.3M | -$430,000 | $8.8M | $11.1M | $13.0M |
| Operating Income | -$14.0M | -$29.2M | -$24.0M | -$13.3M | -$4.5M | -$1.7M |
| Pre-Tax Income | -$13.2M | -$29.1M | -$20.3M | -$12.2M | -$4.1M | -$1.9M |
| Income Tax | $24,000 | -$26,000 | $107,000 | -$96,000 | $7,000 | $6,000 |
| Net Income | -$13.2M | -$29.1M | -$20.5M | -$12.1M | -$4.1M | -$1.9M |
| Diluted EPS | -$0.56 | -$1.23 | -$0.86 | -$0.45 | -$0.13 | -$0.06 |
Dawson Geophysical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $22.7M | $26.9M | $36.7M | $17.9M |
| Net Income | -$1.2M | $569,000 | $7.7M | -$3.4M |
| Diluted EPS | -$0.04 | $0.02 | $0.25 | -$0.11 |
Dawson Geophysical Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41.0M | $25.4M | $13.9M | $10.8M | $1.4M | $4.9M |
| Current Assets | $58.6M | $42.9M | $38.0M | $37.4M | $14.5M | $21.8M |
| Total Assets | $103.4M | $74.0M | $60.5M | $57.5M | $30.9M | $56.0M |
| Current Liabilities | $7.4M | $7.6M | $15.8M | $22.4M | $9.9M | $26.8M |
| Total Long-Term Debt | $138,000 | $310,000 | $482,000 | $2.7M | $2.5M | $17.6M |
| Total Liabilities | $12.4M | $11.6M | $19.4M | $26.1M | $13.6M | $40.2M |
| Shareholders' Equity | $91.0M | $62.5M | $41.1M | $31.4M | $17.3M | $15.8M |
Dawson Geophysical Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $19.6M | -$16.1M | -$9.0M | $814,000 | -$1.9M | $14.0M |
| Cash From Investing | -$512,000 | $264,000 | -$669,000 | -$4.5M | -$735,000 | -$6.7M |
| Cash From Financing | -$4.5M | $95,000 | -$1.6M | -$4.2M | -$11.6M | -$3.7M |
| Free Cash Flow | $16.8M | -$16.6M | -$9.9M | -$2.9M | -$3.7M | $7.1M |
Figures from Dawson Geophysical'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 Dawson Geophysical financials page for every line item.
Dawson Geophysical Company Profile
| Ticker | DWSN |
|---|---|
| Exchange | Nasdaq |
| Industry | Oil & Gas Field Exploration Services |
| Headquarters | Midland, Texas |
| Incorporated in | Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000799165 |
Frequently Asked Questions
What was Dawson Geophysical's revenue in fiscal 2025?
Dawson Geophysical (DWSN) reported revenue of $75.6M for fiscal 2025.
What is Dawson Geophysical's annual revenue history?
Dawson Geophysical's annual revenue by fiscal year: 2020: $86.1M; 2021: $24.7M; 2022: $37.5M; 2023: $96.8M; 2024: $74.2M; 2025: $75.6M.
What was Dawson Geophysical's net income in fiscal 2025?
Dawson Geophysical reported net income of -$1.9M for fiscal 2025.
What was Dawson Geophysical's earnings per share (EPS) in fiscal 2025?
Dawson Geophysical's diluted EPS was -$0.06 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Dawson Geophysical generate in fiscal 2025?
Dawson Geophysical generated $7.1M of free cash flow in fiscal 2025.
What was Dawson Geophysical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Dawson Geophysical reported revenue of $17.9M.
How much debt does Dawson Geophysical have?
Dawson Geophysical reported $17.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Dawson Geophysical are outstanding?
Dawson Geophysical reported a weighted average of 31.1 million basic shares outstanding in 2026 Q2.
What is Dawson Geophysical's market cap?
Based on its latest closing price, Dawson Geophysical (DWSN) has a market capitalization of about $77.6M.
When does Dawson Geophysical's fiscal year end?
Dawson Geophysical's fiscal year end, as registered with the SEC, is December 31.
Where is Dawson Geophysical headquartered?
Dawson Geophysical lists its business address in Midland, Texas in its SEC filings.