Quarterly ResultAug 7, 2026, 01:08 PM
Drilling Tools Q2 Revenue $38.07M; Net Loss $(1.79)M
AI Summary
Drilling Tools International Corp reported a decrease in total revenue for Q2 2026 and the first half of 2026 compared to the prior year. Despite the revenue decline, the company reduced its net loss for both periods. However, net cash flows from operating activities turned negative for the six months ended June 30, 2026, while the cash balance at period end increased.
Key Highlights
- Q2 2026 total revenue was $38.07 million, down from $39.42 million in Q2 2025.
- Net loss for Q2 2026 improved to $(1.79) million from $(2.41) million in Q2 2025.
- Basic EPS for Q2 2026 was $(0.05), an improvement from $(0.07) in Q2 2025.
- H1 2026 net cash used in operating activities was $(5.47) million, compared to $4.63 million provided in H1 2025.
- Cash balance at June 30, 2026, was $2.52 million, up from $1.15 million at June 30, 2025.
- Revolving line of credit increased to $39.33 million at June 30, 2026, from $25.00 million at December 31, 2025.
- Total assets increased to $228.59 million at June 30, 2026, from $222.18 million at December 31, 2025.
Price Impact
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