DAWSON GEOPHYSICAL CO

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

DWSN$1.60-2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(amounts in thousands, except share data)


· · December 31, · · December 31,
· · 2025 · · 2024 ·
Assets
Current assets:
Cash and cash equivalents	$4,907	$1,385
Short-term investments	370	—
Accounts receivable, net of allowance for credit losses of $250
at December 31, 2025 and 2024	9,389	9,970
Prepaid expenses and other current assets	7,169	3,186
Total current assets	21,835	14,541

Property and equipment	254,017	238,064
Less accumulated depreciation	(223,242)	(225,085)
Property and equipment, net	30,775	12,979

Operating lease right-of-use assets	3,036	3,002

Intangibles, net	364	348

Total assets	$56,010	$30,870

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$9,578	$3,381
Accrued liabilities:
Payroll costs and other taxes	1,474	2,014
Other	994	830
Deferred revenue	7,477	1,570
Current maturities of notes payable and finance leases	6,232	1,010
Current maturities of operating lease liabilities	1,082	1,125
Total current liabilities	26,837	9,930

Long-term liabilities:
Notes payable and finance leases, net of current maturities	11,324	1,512
Operating lease liabilities, net of current maturities	2,024	2,131
Deferred tax liabilities, net	17	16
Total liabilities	40,202	13,589

Commitments and contingencies (Note 16)

Stockholders’ equity:
Preferred stock-par value $1.00 per share; 4,000,000 shares authorized, none outstanding	—	—
Common stock-par value $0.01 per share; 35,000,000 shares authorized,
31,052,840 and 30,983,437 shares issued and outstanding at December 31, 2025
and December 31, 2024, respectively	311	310
Additional paid-in capital	157,154	157,073
Accumulated deficit	(139,560)	(137,619)
Accumulated other comprehensive loss, net	(2,097)	(2,483)
Total stockholders’ equity	15,808	17,281

Total liabilities and stockholders’ equity	$56,010	$30,870

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.