Quarterly ResultMay 8, 2026, 01:11 PM
Drilling Tools International Q1 Revenue $37.96M; Net Loss $(1.54)M
AI Summary
Drilling Tools International Corp reported a net loss of $(1.54) million for Q1 2026, an improvement from a net loss of $(1.67) million in Q1 2025. Total revenue decreased to $37.96 million from $42.88 million year-over-year, primarily due to a decline in tool rental revenue. The company saw a significant shift in operating cash flow, moving from positive in Q1 2025 to negative in Q1 2026, while financing activities provided increased cash.
Key Highlights
- Total revenue for Q1 2026 was $37.96 million, down from $42.88 million in Q1 2025.
- Net loss for Q1 2026 was $(1.54) million, an improvement from $(1.67) million in Q1 2025.
- Basic and diluted EPS improved to $(0.04) in Q1 2026 from $(0.05) in Q1 2025.
- Tool rental revenue decreased to $28.91 million in Q1 2026 from $34.53 million in Q1 2025.
- Product sale revenue increased to $9.05 million in Q1 2026 from $8.35 million in Q1 2025.
- Net cash flows from operating activities were $(3.16) million in Q1 2026, down from $2.43 million in Q1 2025.
- Revolving line of credit increased to $32.50 million as of March 31, 2026, from $25.00 million at December 31, 2025.
- Cash at period end was $2.84 million in Q1 2026, slightly up from $2.79 million in Q1 2025.
Price Impact
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