Drilling Tools International Corp
For the period ended Mar 31, 2025. Filed May 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 14, 2025
DTI$1.58+10.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| (In thousands, except share data) | 2025 | 2024 |
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Current assets | ||
| Cash | $2,789 | $6,185 |
| Accounts receivable, net | 42,381 | 39,606 |
| Related party note receivable, current | 909 | 909 |
| Inventories, net | 18,250 | 17,502 |
| Prepaid expenses and other current assets | 3,045 | 3,874 |
| Total current assets | 67,374 | 68,076 |
| Property, plant and equipment, net | 80,863 | 75,571 |
| Operating lease right-of-use asset | 23,653 | 22,718 |
| Intangible assets, net | 40,227 | 37,232 |
| Goodwill, net | 14,401 | 12,147 |
| Deferred financing costs, net | 730 | 817 |
| Related party note receivable, less current portion | 4,353 | 4,262 |
| Deposits and other long-term assets | 1,569 | 1,608 |
| Total assets | $233,169 | $222,431 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $15,603 | $11,983 |
| Accrued expenses and other current liabilities | 9,031 | 7,864 |
| Current portion of operating lease liabilities | 4,258 | 4,121 |
| Current maturities of long-term debt | 5,908 | 6,995 |
| Total current liabilities | 34,801 | 30,963 |
| Operating lease liabilities, less current portion | 19,644 | 18,765 |
| Revolving line of credit | 30,000 | 27,142 |
| Long-term debt, less current portion | 18,961 | 19,676 |
| Deferred tax liabilities, net | 7,067 | 5,926 |
| Total liabilities | 110,473 | 102,472 |
| Commitments and contingencies (See Note 15) | ||
| Shareholders' equity | ||
| Common stock, $0.0001 par value, shares authorized 500,000,000 as of March 31, 2025 and December 31, 2024, 35,592,737 issued and outstanding as of March 31, 2024 and 34,704,696 shares issued and outstanding as of December 31, 2024 | 4 | 3 |
| Additional paid-in-capital | 128,878 | 125,415 |
| Accumulated deficit | (5,251) | (3,582) |
| Accumulated other comprehensive loss | (935) | (1,877) |
| Total shareholders' equity | 122,696 | 119,959 |
| Total liabilities and shareholders' equity | $233,169 | $222,431 |
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