Drilling Tools International Corp
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
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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CONSOLIDATED BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| (In thousands, except share data) | 2025 | 2024 |
| ASSETS | ||
| Current assets | ||
| Cash | $3,648 | $6,185 |
| Accounts receivable, net | 37,683 | 39,606 |
| Related party note receivable, current | 1,541 | 909 |
| Inventories | 18,149 | 17,502 |
| Prepaid expenses and other current assets | 3,866 | 3,874 |
| Total current assets | 64,887 | 68,076 |
| Property, plant and equipment, net | 72,602 | 75,571 |
| Operating lease right-of-use asset | 25,181 | 22,718 |
| Intangible assets, net | 39,674 | 37,232 |
| Goodwill | 14,616 | 12,147 |
| Deferred financing costs, net | 468 | 817 |
| Related party note receivable, less current portion | 3,836 | 4,262 |
| Deposits and other long-term assets | 917 | 1,608 |
| Total assets | $222,181 | $222,431 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $9,785 | $11,983 |
| Accrued expenses and other current liabilities | 10,711 | 7,864 |
| Current portion of operating lease liabilities | 4,335 | 4,121 |
| Current maturities of long-term debt | 5,989 | 6,995 |
| Total current liabilities | 30,820 | 30,963 |
| Operating lease liabilities, less current portion | 21,494 | 18,765 |
| Revolving line of credit | 25,000 | 27,142 |
| Long-term debt, less current portion | 14,827 | 19,676 |
| Deferred tax liabilities, net | 7,167 | 5,926 |
| Total liabilities | 99,308 | 102,472 |
| Commitments and contingencies (See Note 14) | ||
| Shareholders' equity | ||
| Common stock, $0.0001 par value, shares authorized 500,000,000 as of December 31, 2025 and December 31, 2024, 35,661,297 issued and outstanding as of December 31, 2025 and 34,704,696 shares issued and outstanding as of December 31, 2024 | 4 | 3 |
| Less: Treasury stock at cost, 505,169 and 0 shares as of December 31, 2025 and December 31, 2024, respectively | (1,265) | — |
| Additional paid-in-capital | 130,801 | 125,415 |
| Accumulated deficit | (7,343) | (3,582) |
| Accumulated other comprehensive income (loss) | 664 | (1,877) |
| Total Drilling Tools International stockholder's equity | 122,861 | 119,959 |
| Non-controlling interest | 12 | — |
| Total equity | 122,873 | 119,959 |
| Total liabilities and shareholders' equity | $222,181 | $222,431 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.