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$1.43+1.4%Stored close · as of Nov 6, 2026

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Contents

(UNAUDITED)

	Three Months Ended March 31,
(In thousands, except share and per share data)	2025	2024
Revenue, net:
Tool rental	$34,533	$29,966
Product sale	8,347	7,008
Total revenue, net	42,880	36,974
Operating costs and expenses:
Cost of tool rental revenue	7,688	6,484
Cost of product sale revenue	3,558	2,053
Selling, general, and administrative expense	21,609	17,942
Depreciation and amortization expense	6,722	5,365
Total operating costs and expenses	39,577	31,844
Operating income	3,303	5,130
Other expense, net:
Interest expense, net	(1,309)	(182)
Gain on sale of property	13	—
Loss on asset disposal	—	(9)
Gain (loss) on remeasurement of previously held equity interest	—	249
Goodwill impairment	(1,901)	—
Other income (expense), net	(1,934)	(1,125)
Total other expense, net	(5,131)	(1,067)
Income before income tax expense	(1,828)	4,063
Income tax benefit (expense)	159	(937)
Net income (loss)	$(1,669)	$3,126
Basic earnings per share	$(0.05)	$0.11
Diluted earnings per share	$(0.05)	$0.11
Basic weighted-average common shares outstanding	35,592,737	29,768,568
Diluted weighted-average common shares outstanding	35,592,737	29,768,568
Comprehensive income:
Net income (loss)	$(1,669)	$3,126
Foreign currency translation adjustment, net of tax	942	(511)
Net comprehensive income (loss)	$(727)	$2,615

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