Drilling Tools International Corp
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
DTI$1.48-6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| (In thousands, except share and per share data) | 2025 | 2024 | 2025 | 2024 |
| Revenue, net: | ||||
| Tool rental | $31,859 | $28,116 | $99,148 | $86,410 |
| Product sale | 6,958 | 11,977 | 21,970 | 28,190 |
| Total revenue, net | 38,817 | 40,093 | 121,118 | 114,600 |
| Costs and other deductions: | ||||
| Cost of tool rental revenue | 7,086 | 4,076 | 22,176 | 17,558 |
| Cost of product sale revenue | 3,027 | 5,726 | 9,078 | 10,779 |
| Selling, general, and administrative expense | 20,414 | 19,855 | 63,046 | 57,415 |
| Depreciation and amortization expense | 6,834 | 6,185 | 20,386 | 17,232 |
| Interest expense, net | 1,336 | 1,038 | 3,981 | 2,030 |
| Loss (gain) on asset disposal | (1) | (19) | 70 | (61) |
| Loss (gain) on remeasurement of previously held equity interest | — | 361 | — | (368) |
| Goodwill impairment | — | — | 1,901 | — |
| Other operating and non-operating expense, net | 588 | 2,443 | 4,434 | 5,241 |
| Total costs and other deductions | 39,284 | 39,665 | 125,072 | 109,826 |
| Income (loss) before income tax expense | (467) | 428 | (3,954) | 4,774 |
| Income tax benefit (expense) | (437) | 439 | (1,024) | (415) |
| Net income (loss) | $(904) | $867 | $(4,978) | $4,359 |
| Less: Net income (loss) attributable to non-controlling interest | $(1) | $— | $(1) | $— |
| Net income (loss) attributable to Drilling Tools International stockholders | $(903) | $867 | $(4,977) | $4,359 |
| Basic earnings (loss) per share | $(0.03) | $0.03 | $(0.14) | $0.14 |
| Diluted earnings (loss) per share | $(0.03) | $0.03 | $(0.14) | $0.14 |
| Basic weighted-average common shares outstanding | 35,386,122 | 33,072,097 | 35,516,692 | 30,893,602 |
| Diluted weighted-average common shares outstanding | 35,386,122 | 33,547,056 | 35,516,692 | 31,404,333 |
| Comprehensive income (loss): | ||||
| Net income (loss) | $(904) | $867 | $(4,978) | $4,359 |
| Foreign currency translation adjustment, net of tax | (605) | 1,163 | 2,536 | 754 |
| Net loss attributable to non-controlling interest | (1) | — | (1) | — |
| Net comprehensive income (loss) | $(1,510) | $2,030 | $(2,443) | $5,113 |
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