NASDAQ : DTI
Drilling Tools International Corporation — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 1.605 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 56.63M
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Financial statements
Drilling Tools International Corporation (DTI) reported revenue of 153.36M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 153.36M | 159.63M | 154.45M | 152.03M | 129.56M | 77.38M |
| Cost of Revenue | 42.16M | 41.28M | 38.49M | 35.52M | 33.00M | 23.63M |
| Gross Profit | 111.19M | 118.35M | 115.95M | 116.52M | 96.55M | 53.75M |
| Selling, General & Admin | 79.73M | 82.24M | 78.69M | 68.26M | 51.57M | 38.31M |
| Other Operating Expenses | 1.92M | 2.70M | 7.70M | |||
| Operating Expenses | 109.23M | 112.23M | 110.23M | 90.95M | 71.28M | 60.03M |
| Operating Income | 1.96M | 6.12M | 5.73M | 25.56M | 25.28M | -6.28M |
| Interest Expense | -4.53M | -5.05M | -3.37M | -1.10M | -477.00K | -1.23M |
| Interest & Investment Income | 428.00K | 398.00K | 197.00K | 48.00K | 52.00K | |
| Currency Exchange Gain (Loss) | -118.00K | -541.00K | ||||
| Other Non Operating Income (Expenses) | -4.07M | -435.00K | -233.00K | |||
| EBT Excluding Unusual Items | -2.26M | 924.00K | 2.56M | 20.44M | 24.42M | -7.74M |
| Merger & Restructuring Charges | -1.08M | -1.81M | ||||
| Impairment of Goodwill | -1.90M | |||||
| Gain (Loss) on Sale of Investments | 368.00K | -255.00K | 234.00K | 157.00K | ||
| Gain (Loss) on Sale of Assets | 9.00K | -65.00K | 60.00K | -388.00K | 127.00K | 899.00K |
| Other Unusual Items | 8.57M | |||||
| Pretax Income | -3.33M | -2.86M | 2.98M | 19.79M | 24.78M | 1.89M |
| Income Tax Expense | -315.00K | 905.00K | -30.00K | 5.05M | 3.70M | -209.00K |
| Net Income | -3.01M | -3.76M | 3.01M | 14.75M | 21.08M | 2.10M |
| Preferred Dividends & Other Adjustments | 314.00K | 1.19M | 1.12M | |||
| Net Income to Common | -3.01M | -3.76M | 3.01M | 14.43M | 19.89M | 982.00K |
| Shares Outstanding (Basic) | 35.34M | 35.53M | 31.94M | 21.42M | 11.95M | 52.36M |
| Shares Outstanding (Diluted) | 35.34M | 35.53M | 32.31M | 25.13M | 19.68M | 52.36M |
| EPS (Basic) | -0.09 | -0.11 | 0.09 | 0.67 | 1.66 | 0.02 |
| EPS (Diluted) | -0.09 | -0.11 | 0.09 | 0.59 | 1.07 | 0.02 |
| Free Cash Flow | -9.64M | -224.00K | -16.83M | -20.42M | -10.69M | -11.88M |
| Free Cash Flow Per Share | -0.27 | -0.01 | -0.52 | -0.81 | -0.54 | -0.23 |
| Gross Margin | 72.51% | 74.14% | 75.08% | 76.64% | 74.52% | 69.46% |
| Operating Margin | 1.28% | 3.83% | 3.71% | 16.81% | 19.51% | -8.11% |
| Profit Margin | -1.97% | -2.36% | 1.95% | 9.49% | 15.35% | 1.27% |
| Free Cash Flow Margin | -6.29% | -0.14% | -10.90% | -13.43% | -8.25% | -15.35% |
| EBITDA | 29.54M | 33.41M | 29.56M | 45.91M | 44.99M | 15.44M |
| EBITDA Margin | 19.26% | 20.93% | 19.14% | 30.20% | 34.72% | 19.96% |
| D&A For EBITDA | 27.58M | 27.29M | 23.83M | 20.35M | 19.71M | 21.72M |
| EBIT | 1.96M | 6.12M | 5.73M | 25.56M | 25.28M | -6.28M |
| EBIT Margin | 1.28% | 3.83% | 3.71% | 16.81% | 19.51% | -8.11% |
| Effective Tax Rate | 25.49% | 14.92% | ||||
| Revenue as Reported | 153.36M | 159.63M | 154.45M | 152.03M | 129.56M | 77.38M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.52M | 3.65M | 6.18M | 6.00M | 2.35M | 52.00K |
| Short-Term Investments | 888.00K | 1.14M | 909.00K | |||
| Trading Asset Securities | 476.00K | |||||
| Cash & Short-Term Investments | 2.52M | 3.65M | 6.18M | 6.89M | 3.97M | 961.00K |
| Accounts Receivable | 43.49M | 37.68M | 39.61M | 29.93M | 29.00M | 20.04M |
| Other Receivables | 2.29M | 1.18M | ||||
| Receivables | 47.33M | 40.40M | 40.52M | 29.93M | 29.00M | 20.04M |
| Inventory | 22.87M | 19.17M | 18.05M | 7.18M | 3.96M | 2.34M |
| Prepaid Expenses | 506.00K | 1.23M | 1.32M | 1.32M | 710.00K | 738.00K |
| Other Current Assets | 563.00K | 445.00K | 2.00M | 1.08M | 2.52M | 167.00K |
| Total Current Assets | 73.79M | 64.89M | 68.08M | 46.41M | 40.16M | 24.24M |
| Property, Plant & Equipment | 96.27M | 97.78M | 98.29M | 84.59M | 64.19M | 44.39M |
| Goodwill | 14.54M | 14.62M | 12.15M | |||
| Other Intangible Assets | 38.14M | 39.67M | 37.23M | 216.00K | 263.00K | 402.00K |
| Long-Term Deferred Charges | 512.00K | 468.00K | 817.00K | 409.00K | 226.00K | 69.00K |
| Other Long-Term Assets | 1.31M | 917.00K | 1.61M | 879.00K | 383.00K | 400.00K |
| Total Assets | 228.59M | 222.18M | 222.43M | 132.50M | 105.22M | 69.51M |
| Accounts Payable | 14.54M | 9.79M | 11.98M | 7.75M | 7.28M | 8.26M |
| Accrued Expenses | 6.68M | 9.85M | 6.72M | 7.88M | 5.15M | 1.89M |
| Short-Term Debt | 18.35M | 26.43M | ||||
| Current Portion of Long-Term Debt | 5.93M | 5.99M | 7.00M | 1.89M | ||
| Current Portion of Leases | 4.64M | 4.33M | 4.12M | 3.96M | 3.31M | |
| Current Income Taxes Payable | 1.02M | 459.00K | 1.59M | 1.78M | 895.00K | |
| Current Unearned Revenue | 1.06M | 859.00K | 684.00K | 1.12M | 365.00K | 179.00K |
| Total Current Liabilities | 33.87M | 30.82M | 30.96M | 22.29M | 36.24M | 39.54M |
| Long-Term Debt | 48.29M | 39.83M | 46.82M | |||
| Long-Term Leases | 20.55M | 21.49M | 18.77M | 14.89M | 16.69M | |
| Long-Term Deferred Tax Liabilities | 6.16M | 7.17M | 5.93M | 6.63M | 3.19M | 2.10M |
| Other Long-Term Liabilities | 10.00K | |||||
| Total Liabilities | 108.87M | 99.31M | 102.47M | 43.81M | 56.12M | 41.66M |
| Common Stock | 4.00K | 4.00K | 3.00K | 3.00K | 1.00K | 532.00K |
| Additional Paid-In Capital | 132.53M | 130.80M | 125.42M | 95.22M | 52.39M | 53.98M |
| Retained Earnings | -10.67M | -7.34M | -3.58M | -6.31M | -21.05M | -42.13M |
| Treasury Stock | -2.19M | -1.26M | -933.00K | |||
| Comprehensive Income & Other | 41.00K | 664.00K | -1.88M | -225.00K | -111.00K | -284.00K |
| Total Common Equity | 119.71M | 122.86M | 119.96M | 88.69M | 31.22M | 11.16M |
| Minority Interest | 10.00K | 12.00K | ||||
| Shareholders' Equity | 119.72M | 122.87M | 119.96M | 88.69M | 49.10M | 27.85M |
| Total Liabilities & Equity | 228.59M | 222.18M | 222.43M | 132.50M | 105.22M | 69.51M |
| Total Debt | 79.41M | 71.64M | 76.70M | 18.85M | 38.35M | 28.31M |
| Net Cash (Debt) | -76.89M | -68.00M | -70.51M | -11.96M | -34.38M | -27.35M |
| Net Cash Per Share | -2.18 | -1.91 | -2.18 | -0.48 | -1.75 | -0.52 |
| Filing Date Shares Outstanding | 35.28M | 35.19M | 35.59M | 29.77M | 52.36M | 52.36M |
| Total Common Shares Outstanding | 35.28M | 35.16M | 34.70M | 29.77M | 52.36M | 52.36M |
| Working Capital | 39.91M | 34.07M | 37.11M | 24.12M | 3.92M | -15.30M |
| Book Value Per Share | 3.39 | 3.49 | 3.46 | 2.98 | 0.60 | 0.21 |
| Tangible Book Value | 67.03M | 68.57M | 70.58M | 88.47M | 30.96M | 10.76M |
| Tangible Book Value Per Share | 1.90 | 1.95 | 2.03 | 2.97 | 0.59 | 0.21 |
| Land | 898.00K | |||||
| Buildings | 8.26M | 7.88M | 7.07M | 6.67M | 5.78M | 5.18M |
| Machinery | 227.12M | 219.44M | 209.16M | 192.13M | 163.90M | 155.80M |
| Construction In Progress | 1.68M | 1.67M | 1.54M | 9.00K | 166.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.01M | -3.76M | 3.01M | 14.75M | 21.08M | 2.10M |
| Depreciation & Amortization | 27.58M | 27.29M | 23.83M | 20.35M | 19.71M | 21.72M |
| Other Amortization | 260.00K | 349.00K | 313.00K | 139.00K | 152.00K | 267.00K |
| Loss (Gain) From Sale of Assets | -13.40M | -11.53M | -10.09M | -16.30M | -16.94M | -8.75M |
| Asset Writedown & Restructuring Costs | 525.00K | 2.62M | 122.00K | 510.00K | ||
| Loss (Gain) From Sale of Investments | -356.00K | 259.00K | -1.66M | -1.07M | ||
| Stock-Based Compensation | 2.91M | 2.46M | 2.09M | 3.99M | 32.00K | |
| Provision & Write-off of Bad Debts | 469.00K | 584.00K | 424.00K | 117.00K | 307.00K | 307.00K |
| Other Operating Activities | 5.02M | 5.76M | 4.42M | 8.03M | 5.26M | -9.92M |
| Change in Accounts Receivable | -2.59M | 4.03M | -4.01M | -1.05M | -9.27M | -9.35M |
| Change in Inventory | -1.14M | 953.00K | -4.32M | -1.72M | -906.00K | 648.00K |
| Change in Accounts Payable | 2.69M | -4.75M | -78.00K | -1.55M | -1.43M | 3.08M |
| Change in Other Net Operating Assets | -9.49M | -4.08M | -9.18M | -3.81M | -2.83M | 444.00K |
| Operating Cash Flow | 9.83M | 19.92M | 6.06M | 23.33M | 13.99M | -494.00K |
| Capital Expenditures | -19.47M | -20.15M | -22.89M | -43.75M | -24.69M | -11.39M |
| Sale of Property, Plant & Equipment | 16.01M | 14.19M | 15.33M | 19.89M | 22.16M | 14.72M |
| Cash Acquisitions | -5.62M | -47.26M | ||||
| Sale (Purchase) of Intangibles | -1.36M | -1.69M | -12.00K | |||
| Investment in Securities | 1.24M | |||||
| Investing Cash Flow | -4.82M | -13.27M | -53.59M | -23.86M | -2.53M | 3.34M |
| Short-Term Debt Issued | 73.05M | 108.59M | ||||
| Long-Term Debt Issued | 53.34M | 63.62M | 2.00M | |||
| Total Debt Issued | 55.34M | 53.34M | 63.62M | 73.05M | 108.59M | 2.00M |
| Short-Term Debt Repaid | -91.40M | -116.67M | -842.00K | |||
| Long-Term Debt Repaid | -61.39M | -15.01M | -1.01M | -3.87M | ||
| Total Debt Repaid | -57.74M | -61.39M | -15.01M | -91.40M | -117.68M | -4.72M |
| Net Debt Issued (Repaid) | -2.40M | -8.04M | 48.61M | -18.35M | -9.09M | -2.72M |
| Repurchase of Common Stock | -1.36M | -1.26M | ||||
| Other Financing Activities | -117.00K | 12.00K | -722.00K | 22.84M | -251.00K | -152.00K |
| Financing Cash Flow | -3.77M | -9.30M | 47.88M | 4.29M | -9.34M | -2.87M |
| Foreign Exchange Rate Adjustments | 134.00K | 108.00K | -175.00K | -114.00K | 173.00K | -59.00K |
| Net Cash Flow | 1.38M | -2.54M | 182.00K | 3.65M | 2.30M | -83.00K |
| Free Cash Flow | -9.64M | -224.00K | -16.83M | -20.42M | -10.69M | -11.88M |
| Free Cash Flow Margin | -6.29% | -0.14% | -10.90% | -13.43% | -8.25% | -15.35% |
| Free Cash Flow Per Share | -0.27 | -0.01 | -0.52 | -0.81 | -0.54 | -0.23 |
| Levered Free Cash Flow | 3.88M | 10.23M | -16.05M | -3.56M | 1.12M | 1.06M |
| Unlevered Free Cash Flow | 6.45M | 13.04M | -14.26M | -3.01M | 1.27M | 1.56M |
| Cash Interest Paid | 3.69M | 4.25M | 2.67M | 1.17M | 340.00K | 1.93M |
| Cash Income Tax Paid | 832.00K | 1.42M | 3.38M | 3.01M | 723.00K | 422.00K |
| Change in Working Capital | -10.52M | -3.86M | -17.59M | -8.12M | -14.43M | -5.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 56.63M | 86.24M | 113.48M | 95.26M | 274.95M | 264.48M |
| Enterprise Value | 133.52M | 159.64M | 169.58M | 109.97M | ||
| Last Close Price | 1.60 | 2.45 | 3.27 | 3.20 | 10.24 | 9.85 |
| PE Ratio | 37.65 | 6.60 | 13.82 | 269.33 | ||
| Forward PE | 32.10 | 12.12 | 13.35 | |||
| PS Ratio | 0.37 | 0.54 | 0.73 | 0.63 | 2.12 | 3.42 |
| PB Ratio | 0.47 | 0.70 | 0.95 | 1.07 | 5.60 | 9.50 |
| P/TBV Ratio | 0.84 | 1.26 | 1.61 | 1.08 | 8.88 | 24.59 |
| P/OCF Ratio | 5.76 | 4.33 | 18.73 | 4.08 | 19.65 | |
| PEG Ratio | 3.57 | 1.35 | 1.48 | |||
| EV/Sales Ratio | 0.87 | 1.00 | 1.10 | 0.72 | ||
| EV/EBITDA Ratio | 4.52 | 4.78 | 5.74 | 2.40 | ||
| EV/EBIT Ratio | 68.09 | 26.08 | 29.61 | 4.30 | ||
| Debt / Equity Ratio | 0.66 | 0.58 | 0.64 | 0.21 | 0.78 | 1.02 |
| Debt / EBITDA Ratio | 2.13 | 1.75 | 2.10 | 0.36 | 0.75 | 1.83 |
| Net Debt / Equity Ratio | 0.64 | 0.55 | 0.59 | 0.14 | 0.70 | 0.98 |
| Net Debt / EBITDA Ratio | 2.60 | 2.04 | 2.38 | 0.26 | 0.76 | 1.77 |
| Net Debt / FCF Ratio | -7.98 | -303.56 | -4.19 | -0.59 | -3.21 | -2.30 |
| Asset Turnover | 0.67 | 0.72 | 0.87 | 1.28 | 1.48 | 1.05 |
| Inventory Turnover | 2.00 | 2.22 | 3.05 | 6.38 | 10.47 | 8.87 |
| Quick Ratio | 1.43 | 1.38 | 1.48 | 1.65 | 0.91 | 0.53 |
| Current Ratio | 2.18 | 2.10 | 2.20 | 2.08 | 1.11 | 0.61 |
| Return on Equity (ROE) | -2.49% | -3.10% | 2.89% | 21.41% | 54.79% | 7.84% |
| Return on Assets (ROA) | 0.53% | 1.72% | 2.02% | 13.44% | 18.08% | -5.34% |
| Return on Invested Capital (ROIC) | 1.00% | 3.21% | 3.94% | 20.69% | 31.01% | -10.42% |
| Return on Capital Employed (ROCE) | 1.00% | 3.20% | 3.00% | 23.20% | 36.60% | -20.90% |
| Earnings Yield | -5.58% | -4.36% | 2.66% | 15.48% | 7.67% | 0.79% |
| FCF Yield | -17.02% | -0.26% | -14.83% | -21.43% | -3.89% | -4.49% |
| Buyback Yield / Dilution | -1.46% | -9.98% | -28.56% | -27.71% | 62.42% |