Quarterly ResultAug 6, 2026, 04:36 PM
DTI Q2 Net Loss $1.8M, Adj EPS -$0.02; Reaffirms 2026 Outlook
AI Summary
Drilling Tools International Corp. reported Q2 2026 results with a net loss of $1.8 million and Adjusted EPS of -$0.02. Total consolidated revenue reached $38.1 million, driven by $29.6 million in Tool Rental revenue and $8.5 million in Product Sales. The company reaffirmed its full-year 2026 outlook, highlighting strong Adjusted Free Cash Flow and early signs of recovery in key operating regions despite softer North American activity and Middle East disruption.
Key Highlights
- Q2 2026 Total Consolidated Revenue: $38.1 million.
- Q2 2026 Net Loss attributable to common stockholders: $1.8 million.
- Q2 2026 Adjusted EPS: -$0.02 per share.
- Q2 2026 Adjusted EBITDA: $8.4 million.
- Q2 2026 Adjusted Free Cash Flow: $4.1 million.
- Net Debt as of June 30, 2026: $51.7 million.
- Reaffirmed 2026 Full Year Revenue Outlook: $155 million - $170 million.
- Reaffirmed 2026 Full Year Adjusted EBITDA Outlook: $35 million - $45 million.
Price Impact
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