DWSN

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Dawson Geophysical Company

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Key Metrics

Previous Close: $2.84
52-Week Range: $1.40 – $7.85
Market Cap: $93.17M
P/E (TTM): 23.08
EPS (TTM): 0.13
Dividend Yield: —

Advanced Metrics

Price/Book: 3.99
PEG Ratio: 12.17
Return on Equity: 19.96%
Return on Assets: 6.57%
Gross Margin: 22.31%
Operating Margin: -16.91%
Profit Margin: 3.49%
Current Ratio: 0.88
Debt/Equity: 1.00
Total Debt: $20.05M
Free Cash Flow: $-5.59M
Revenue Growth: 81.80%
Earnings Growth: —
Enterprise Value: $107.71M

DWSN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$51.63M	$96.85M	$74.15M	$75.63M
Cost of Revenue	$58.38M	$95.15M	$68.76M	$68.28M
Gross Profit	-$6.75M	$1.70M	$5.40M	$7.35M
Selling, General & Admin	$15.46M	$14.77M	$9.95M	$9.01M
Operating Expenses	$15.46M	$14.77M	$9.95M	$9.01M
Operating Income	-$22.20M	-$13.07M	-$4.55M	-$1.66M
EBITDA	-$6.68M	-$3.65M	$1.78M	$4.27M
Pretax Income	-$18.54M	-$12.24M	-$4.11M	-$1.94M
Income Tax	$107.00K	-$96.00K	$7.00K	$6.00K
Net Income	-$18.64M	-$12.15M	-$4.12M	-$1.94M
Diluted EPS	-0.86	-0.45	-0.13	-0.06
Diluted Shares	23.78M	26.75M	30.88M	31.02M

DWSN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$18.60M	$10.77M	$1.39M	$4.91M
Receivables	$16.44M	$17.05M	$10.36M	$13.22M
Current Assets	$43.83M	$37.43M	$14.54M	$21.84M
Total Assets	$68.67M	$57.52M	$30.87M	$56.01M
Current Liabilities	$16.19M	$22.42M	$9.93M	$26.84M
Long-Term Debt	—	—	—	$9.85M
Total Debt	$4.93M	$6.23M	$5.78M	$20.66M
Total Liabilities	$19.87M	$26.09M	$13.59M	$40.20M
Retained Earnings	-$112.47M	-$123.64M	-$137.62M	-$139.56M
Shareholders' Equity	$48.80M	$31.43M	$17.28M	$15.81M
Working Capital	$27.63M	$15.01M	$4.61M	-$5.00M
Net Debt	—	—	—	$10.08M

DWSN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$3.27M	$814.00K	-$1.87M	$13.98M
Capital Expenditure	-$1.43M	-$3.72M	-$1.86M	-$6.83M
Free Cash Flow	-$4.70M	-$2.91M	-$3.73M	$7.15M
Depreciation & Amortisation	$11.83M	$8.49M	$5.74M	$5.67M
Investing Cash Flow	-$1.09M	-$4.50M	-$735.00K	-$6.73M
Financing Cash Flow	-$2.15M	-$4.20M	-$11.56M	-$3.68M
Dividends Paid	—	$0.00	-$9.86M	$0.00
Net Change in Cash	-$6.51M	-$7.89M	-$14.16M	$3.56M

DWSN Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$16.08M	$9.85M	$22.75M	$26.95M	$36.70M
Cost of Revenue	$1.27M	$1.17M	$21.81M	$23.53M	$2.00M
Gross Profit	$14.81M	$8.68M	$938.00K	$3.42M	$34.70M
Selling, General & Admin	$1.99M	$2.33M	$2.11M	$2.58M	$2.94M
Operating Expenses	$13.77M	$11.05M	$2.11M	$2.58M	$26.56M
Operating Income	$1.03M	-$2.37M	-$1.17M	$845.00K	$8.14M
EBITDA	$2.34M	-$1.12M	$277.00K	$2.78M	$10.17M
Pretax Income	$995.00K	-$2.36M	-$1.14M	$569.00K	$7.67M
Income Tax	$3.00K	-$7.00K	$10.00K	$0.00	$10.00K
Net Income	$992.00K	-$2.35M	-$1.15M	$569.00K	$7.66M
Diluted EPS	0.03	-0.08	-0.04	0.02	0.25
Diluted Shares	31.04M	30.99M	31.05M	31.05M	31.11M

DWSN Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$2.67M	$16.23M	$5.08M	$4.91M	$1.37M
Receivables	$11.03M	$10.98M	$2.17M	$13.22M	$19.44M
Current Assets	$18.47M	$31.43M	$13.19M	$21.84M	$27.85M
Total Assets	$33.28M	$45.68M	$40.58M	$56.01M	$64.40M
Current Liabilities	$11.81M	$26.55M	$16.54M	$26.84M	$27.48M
Long-Term Debt	$1.33M	$1.13M	$6.54M	$9.85M	$11.73M
Total Debt	$6.62M	$5.61M	$13.51M	$20.66M	$21.98M
Total Liabilities	$14.99M	$29.27M	$25.39M	$40.20M	$41.07M
Retained Earnings	-$136.63M	-$138.98M	-$140.13M	-$139.56M	-$131.90M
Shareholders' Equity	$18.29M	$16.41M	$15.19M	$15.81M	$23.33M
Working Capital	$6.66M	$4.88M	-$3.35M	-$5.00M	$376.00K
Net Debt	$972.00K	—	$5.06M	$10.08M	$17.67M

DWSN Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$1.75M	$14.88M	-$4.74M	$2.09M	-$465.00K
Capital Expenditure	—	—	-$5.43M	-$714.00K	-$1.43M
Free Cash Flow	$1.75M	$14.19M	-$10.17M	$1.37M	-$1.90M
Depreciation & Amortisation	$1.27M	$1.17M	$1.35M	$1.88M	$2.00M
Investing Cash Flow	$185.00K	-$490.00K	-$5.42M	-$1.01M	-$1.34M
Financing Cash Flow	-$631.00K	-$866.00K	-$954.00K	-$1.23M	-$1.69M
Dividends Paid	—	—	$0.00	$0.00	—
Net Change in Cash	$1.31M	$13.52M	-$11.11M	-$155.00K	-$3.49M

Market Snapshot

About

Dawson Geophysical Company provides onshore seismic data acquisition and processing services to the oil and gas industry in the United States. The company uses seismic technology to create detailed images of subsurface rock formations, helping energy companies locate and evaluate potential drilling sites. Dawson operates a fleet of seismic crews equipped with advanced recording systems and specialized equipment. The company's business is closely tied to exploration and production activity levels in domestic oil and gas markets.