DAWSON GEOPHYSICAL CO
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $75.6M | $74.2M | $96.8M | $51.6M | $24.7M |
| Cost of revenue | $62.6M | $63.0M | $86.7M | $46.5M | $29.0M |
| Operating income | -$1.7M | -$4.5M | -$13.1M | -$22.2M | -$29.2M |
| Interest expense | $536,000 | $159,000 | $103,000 | $31,000 | $21,000 |
| Pretax income | -$1.9M | -$4.1M | -$12.2M | -$18.5M | -$29.1M |
| Income tax expense | $6,000 | $7,000 | -$96,000 | $107,000 | -$26,000 |
| Net income | -$1.9M | -$4.1M | -$12.1M | -$18.6M | -$29.1M |
| Balance Sheet | |||||
| Cash and equivalents | $4.9M | $1.4M | $10.8M | $18.6M | $25.4M |
| Current assets | $21.8M | $14.5M | $37.4M | $43.8M | $42.9M |
| Total assets | $56.0M | $30.9M | $57.5M | $68.7M | $74.0M |
| Current liabilities | $26.8M | $9.9M | $22.4M | $16.2M | $7.6M |
| Total liabilities | $40.2M | $13.6M | — | — | — |
| Stockholders' equity | $15.8M | $17.3M | $31.4M | $48.8M | $62.5M |
| Cash Flow Statement | |||||
| Cash from operations | $14.0M | -$1.9M | $814,000 | -$3.3M | -$16.1M |
| Depreciation and amortization | $5.7M | $5.7M | $8.5M | $11.8M | $12.9M |
| Stock-based compensation | $130,000 | $473,000 | — | $413,000 | $479,000 |
| Capital expenditure | $6.8M | $1.9M | $3.7M | $1.4M | $505,000 |
| Free cash flow | $7.1M | -$3.7M | -$2.9M | -$4.7M | -$16.6M |
| Dividends paid | — | $9.9M | — | — | — |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 31.1M · Free float 20.3%
Annual filing data through FY ended December 31, 2025; float as of July 10, 2026.