NASDAQ : DWSN
Dawson Geophysical Company — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 1.88 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 58.38M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Dawson Geophysical Company (DWSN) reported revenue of 104.31M 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 | 104.31M | 75.62M | 74.15M | 96.85M | 51.63M | 24.70M |
| Cost of Revenue | 81.04M | 62.61M | 63.02M | 86.66M | 46.55M | 29.02M |
| Gross Profit | 23.27M | 13.02M | 11.13M | 10.19M | 5.08M | -4.32M |
| Selling, General & Admin | 10.75M | 8.48M | 9.46M | 12.56M | 15.46M | 12.05M |
| Operating Expenses | 17.96M | 14.15M | 15.20M | 21.05M | 27.29M | 24.91M |
| Operating Income | 5.31M | -1.14M | -4.06M | -10.86M | -22.20M | -29.23M |
| Interest Expense | -1.33M | -536.00K | -159.00K | -103.00K | -31.00K | -21.00K |
| Interest & Investment Income | 119.00K | 117.00K | 308.00K | 576.00K | 317.00K | 220.00K |
| Other Non Operating Income (Expenses) | 98.00K | 148.00K | 288.00K | 354.00K | 411.00K | -86.00K |
| EBT Excluding Unusual Items | 4.20M | -1.41M | -3.63M | -10.04M | -21.50M | -29.12M |
| Merger & Restructuring Charges | -528.00K | -528.00K | -486.00K | -2.21M | ||
| Other Unusual Items | 2.97M | |||||
| Pretax Income | 3.67M | -1.94M | -4.11M | -12.24M | -18.54M | -29.12M |
| Income Tax Expense | 35.00K | 6.00K | 7.00K | -96.00K | 107.00K | -26.00K |
| Net Income | 3.64M | -1.94M | -4.12M | -12.15M | -18.64M | -29.09M |
| Net Income to Common | 3.64M | -1.94M | -4.12M | -12.15M | -18.64M | -29.09M |
| Shares Outstanding (Basic) | 31.05M | 31.02M | 30.88M | 26.75M | 24.97M | 23.57M |
| Shares Outstanding (Diluted) | 31.09M | 31.02M | 30.88M | 26.75M | 24.97M | 23.57M |
| EPS (Basic) | 0.12 | -0.06 | -0.13 | -0.45 | -0.75 | -1.23 |
| EPS (Diluted) | 0.12 | -0.06 | -0.13 | -0.45 | -0.75 | -1.23 |
| Free Cash Flow | -4.45M | 7.15M | -3.73M | -2.91M | -4.70M | -16.55M |
| Free Cash Flow Per Share | -0.14 | 0.23 | -0.12 | -0.11 | -0.19 | -0.70 |
| Gross Margin | 22.31% | 17.21% | 15.01% | 10.52% | 9.85% | -17.50% |
| Operating Margin | 5.09% | -1.50% | -5.48% | -11.22% | -43.00% | -118.36% |
| Profit Margin | 3.49% | -2.57% | -5.56% | -12.54% | -36.11% | -117.80% |
| Free Cash Flow Margin | -4.27% | 9.45% | -5.03% | -3.00% | -9.10% | -67.04% |
| EBITDA | 12.52M | 4.53M | 1.67M | -2.37M | -10.37M | -16.37M |
| EBITDA Margin | 12.00% | 6.00% | 2.26% | -2.45% | -20.09% | -66.28% |
| D&A For EBITDA | 7.21M | 5.67M | 5.74M | 8.49M | 11.83M | 12.86M |
| EBIT | 5.31M | -1.14M | -4.06M | -10.86M | -22.20M | -29.23M |
| EBIT Margin | 5.09% | -1.50% | -5.48% | -11.22% | -43.00% | -118.36% |
| Revenue as Reported | 104.31M | 75.62M | 74.15M | 96.85M | ||
| Advertising Expenses | 61.00K | 40.00K | 32.00K | 29.00K | 28.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.75M | 4.91M | 1.39M | 10.77M | 18.60M | 25.38M |
| Short-Term Investments | 370.00K | 370.00K | 265.00K | 265.00K | 265.00K | |
| Cash & Short-Term Investments | 6.12M | 5.28M | 1.39M | 11.04M | 18.87M | 25.64M |
| Accounts Receivable | 7.32M | 13.22M | 10.36M | 17.05M | 13.40M | 8.90M |
| Other Receivables | 3.04M | |||||
| Receivables | 7.32M | 13.22M | 10.36M | 17.05M | 16.44M | 8.90M |
| Prepaid Expenses | 7.08M | 2.44M | 1.77M | 3.20M | 2.27M | 1.10M |
| Restricted Cash | 5.00M | 5.00M | 5.00M | |||
| Other Current Assets | 893.00K | 1.02M | 1.14M | 1.25M | 2.21M | |
| Total Current Assets | 20.52M | 21.84M | 14.54M | 37.43M | 43.83M | 42.86M |
| Property, Plant & Equipment | 34.45M | 33.81M | 15.98M | 19.72M | 24.48M | 30.78M |
| Other Intangible Assets | 352.00K | 364.00K | 348.00K | 377.00K | 369.00K | 395.00K |
| Total Assets | 55.32M | 56.01M | 30.87M | 57.52M | 68.67M | 74.04M |
| Accounts Payable | 7.04M | 9.58M | 3.38M | 3.88M | 4.14M | 2.58M |
| Accrued Expenses | 2.84M | 2.47M | 2.84M | 4.12M | 3.28M | 2.40M |
| Current Portion of Long-Term Debt | 5.83M | 5.14M | 168.00K | 910.00K | 205.00K | 265.00K |
| Current Portion of Leases | 2.41M | 2.18M | 1.97M | 1.67M | 1.19M | 998.00K |
| Current Unearned Revenue | 5.34M | 7.48M | 1.57M | 11.83M | 7.38M | 1.34M |
| Total Current Liabilities | 23.46M | 26.84M | 9.93M | 22.42M | 16.19M | 7.59M |
| Long-Term Debt | 8.96M | 9.85M | ||||
| Long-Term Leases | 2.85M | 3.50M | 3.64M | 3.65M | 3.54M | 3.95M |
| Long-Term Deferred Tax Liabilities | 17.00K | 17.00K | 16.00K | 15.00K | 137.00K | 20.00K |
| Total Liabilities | 35.29M | 40.20M | 13.59M | 26.09M | 19.87M | 11.56M |
| Common Stock | 311.00K | 311.00K | 310.00K | 308.00K | 238.00K | 237.00K |
| Additional Paid-In Capital | 157.26M | 157.15M | 157.07M | 156.68M | 155.41M | 155.27M |
| Retained Earnings | -135.34M | -139.56M | -137.62M | -123.64M | -112.47M | -92.02M |
| Comprehensive Income & Other | -2.20M | -2.10M | -2.48M | -1.91M | 5.62M | -1.01M |
| Shareholders' Equity | 20.04M | 15.81M | 17.28M | 31.43M | 48.80M | 62.48M |
| Total Liabilities & Equity | 55.32M | 56.01M | 30.87M | 57.52M | 68.67M | 74.04M |
| Total Debt | 20.05M | 20.66M | 5.78M | 6.23M | 4.93M | 5.21M |
| Net Cash (Debt) | -13.92M | -15.38M | -4.39M | 4.80M | 13.94M | 20.43M |
| Net Cash Per Share | -0.45 | -0.50 | -0.14 | 0.18 | 0.56 | 0.87 |
| Filing Date Shares Outstanding | 31.06M | 31.05M | 30.98M | 30.81M | 23.81M | 23.69M |
| Total Common Shares Outstanding | 31.06M | 31.05M | 30.98M | 30.81M | 23.81M | 23.64M |
| Working Capital | -2.94M | -5.00M | 4.61M | 15.01M | 27.63M | 35.27M |
| Book Value Per Share | 0.65 | 0.51 | 0.56 | 1.02 | 2.05 | 2.64 |
| Tangible Book Value | 19.68M | 15.44M | 16.93M | 31.06M | 48.44M | 62.08M |
| Tangible Book Value Per Share | 0.63 | 0.50 | 0.55 | 1.01 | 2.03 | 2.63 |
| Land | 501.00K | 501.00K | 501.00K | 13.44M | 15.16M | |
| Buildings | 10.89M | 10.06M | 12.97M | |||
| Machinery | 242.63M | 227.50M | 228.48M | 241.24M | 237.91M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.64M | -1.94M | -4.12M | -12.15M | -18.64M | -29.09M |
| Depreciation & Amortization | 7.21M | 5.67M | 5.74M | 8.49M | 11.83M | 12.86M |
| Loss (Gain) From Sale of Assets | -182.00K | -439.00K | -409.00K | -23.00K | 551.00K | -198.00K |
| Asset Writedown & Restructuring Costs | -18.00K | -278.00K | ||||
| Stock-Based Compensation | 159.00K | 130.00K | 473.00K | 413.00K | 479.00K | |
| Provision & Write-off of Bad Debts | 177.00K | 68.00K | ||||
| Other Operating Activities | 752.00K | 936.00K | 1.13M | 973.00K | 1.11M | 1.07M |
| Change in Accounts Receivable | 3.27M | 830.00K | 2.54M | -5.80M | 2.89M | -1.27M |
| Change in Accounts Payable | 4.13M | 6.14M | -128.00K | 138.00K | 802.00K | 983.00K |
| Change in Unearned Revenue | -12.60M | 5.91M | -10.26M | 4.45M | 5.47M | -435.00K |
| Change in Other Net Operating Assets | -3.03M | -3.43M | 3.17M | 4.67M | -7.68M | -168.00K |
| Operating Cash Flow | 3.35M | 13.98M | -1.87M | 814.00K | -3.27M | -16.05M |
| Capital Expenditures | -7.80M | -6.83M | -1.86M | -3.72M | -1.43M | -505.00K |
| Sale of Property, Plant & Equipment | 246.00K | 468.00K | 533.00K | 217.00K | 340.00K | 451.00K |
| Investment in Securities | -370.00K | -370.00K | 265.00K | -1.00M | 318.00K | |
| Other Investing Activities | 332.00K | |||||
| Investing Cash Flow | -7.92M | -6.73M | -735.00K | -4.50M | -1.09M | 264.00K |
| Short-Term Debt Issued | 3.50M | |||||
| Long-Term Debt Issued | 787.00K | |||||
| Total Debt Issued | 9.75M | 3.50M | 787.00K | |||
| Short-Term Debt Repaid | -3.50M | |||||
| Long-Term Debt Repaid | -3.60M | -1.63M | -1.15M | -1.30M | -617.00K | |
| Total Debt Repaid | -15.54M | -7.10M | -1.63M | -1.15M | -1.30M | -617.00K |
| Net Debt Issued (Repaid) | -5.79M | -3.60M | -1.63M | -1.15M | -1.30M | 170.00K |
| Issuance of Common Stock | 113.00K | |||||
| Repurchase of Common Stock | -10.00K | -48.00K | -76.00K | -79.00K | -75.00K | |
| Common Dividends Paid | -9.86M | |||||
| Other Financing Activities | -35.00K | -35.00K | -3.06M | -884.00K | ||
| Financing Cash Flow | -5.83M | -3.68M | -11.56M | -4.20M | -2.15M | 95.00K |
| Foreign Exchange Rate Adjustments | -66.00K | -39.00K | -223.00K | 63.00K | -265.00K | 112.00K |
| Net Cash Flow | -10.47M | 3.52M | -14.39M | -7.83M | -6.77M | -15.58M |
| Free Cash Flow | -4.45M | 7.15M | -3.73M | -2.91M | -4.70M | -16.55M |
| Free Cash Flow Margin | -4.27% | 9.45% | -5.03% | -3.00% | -9.10% | -67.04% |
| Free Cash Flow Per Share | -0.14 | 0.23 | -0.12 | -0.11 | -0.19 | -0.70 |
| Levered Free Cash Flow | -5.56M | 6.25M | 2.90M | 1.52M | -2.35M | -5.52M |
| Unlevered Free Cash Flow | -4.73M | 6.58M | 3.00M | 1.59M | -2.33M | -5.51M |
| Cash Interest Paid | 1.12M | 429.00K | 159.00K | 98.00K | 31.00K | 20.00K |
| Cash Income Tax Paid | -61.00K | 42.00K | -9.00K | -7.00K | 60.00K | |
| Change in Working Capital | -8.22M | 9.44M | -4.67M | 3.45M | 1.49M | -892.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 56.52M | 48.43M | 41.52M | 56.39M | 46.67M | 54.85M |
| Enterprise Value | 70.44M | 56.86M | 39.40M | 47.72M | 32.63M | 23.69M |
| Last Close Price | 1.83 | 1.56 | 1.34 | 1.56 | 1.67 | 1.98 |
| Forward PE | 23.19 | 23.19 | 23.19 | 23.19 | 23.19 | |
| PS Ratio | 0.54 | 0.64 | 0.56 | 0.58 | 0.90 | 2.22 |
| PB Ratio | 2.84 | 3.06 | 2.40 | 1.79 | 0.96 | 0.88 |
| P/TBV Ratio | 2.89 | 3.14 | 2.45 | 1.82 | 0.96 | 0.88 |
| P/FCF Ratio | 6.78 | |||||
| P/OCF Ratio | 16.97 | 3.46 | 69.27 | |||
| PEG Ratio | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | |
| EV/Sales Ratio | 0.68 | 0.75 | 0.53 | 0.49 | 0.63 | 0.96 |
| EV/EBITDA Ratio | 5.65 | 12.54 | 23.55 | |||
| EV/FCF Ratio | 7.96 | |||||
| Debt / Equity Ratio | 1.00 | 1.31 | 0.33 | 0.20 | 0.10 | 0.08 |
| Debt / EBITDA Ratio | 1.51 | 3.83 | 2.17 | |||
| Debt / FCF Ratio | 2.89 | |||||
| Net Debt / Equity Ratio | 0.69 | 0.97 | 0.25 | -0.15 | -0.29 | -0.33 |
| Net Debt / EBITDA Ratio | 1.11 | 3.39 | 2.63 | 2.03 | 1.34 | 1.25 |
| Net Debt / FCF Ratio | -3.13 | 2.15 | -1.18 | 1.65 | 2.97 | 1.23 |
| Asset Turnover | 2.06 | 1.74 | 1.68 | 1.53 | 0.72 | 0.28 |
| Quick Ratio | 0.57 | 0.69 | 1.18 | 1.25 | 2.18 | 4.55 |
| Current Ratio | 0.88 | 0.81 | 1.46 | 1.67 | 2.71 | 5.65 |
| Return on Equity (ROE) | 19.96% | -11.73% | -16.91% | -30.28% | -33.51% | -37.92% |
| Return on Assets (ROA) | 6.57% | -1.63% | -5.75% | -10.76% | -19.45% | -20.59% |
| Return on Capital Employed (ROCE) | 16.70% | -3.90% | -19.40% | -30.90% | -42.30% | -44.00% |
| Earnings Yield | 6.44% | -4.01% | -9.92% | -21.54% | -39.95% | -53.03% |
| FCF Yield | -7.83% | 14.75% | -8.99% | -5.16% | -10.07% | -30.18% |
| Buyback Yield / Dilution | -0.41% | -0.44% | -15.43% | -7.13% | -5.94% | -0.80% |