Drilling Tools International Corp
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 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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CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, | December 31, | |
|---|---|---|
| (In thousands, except share data) | 2026 | 2025 |
| ASSETS | ||
| Current assets | ||
| Cash | $2,965 | $3,648 |
| Accounts receivable, net | 44,607 | 37,683 |
| Related party note receivable, current | 2,054 | 1,541 |
| Inventories | 16,334 | 18,149 |
| Prepaid expenses and other current assets | 6,051 | 3,866 |
| Total current assets | 72,011 | 64,887 |
| Property, plant and equipment, net | 69,247 | 72,602 |
| Operating lease right-of-use asset | 23,416 | 25,181 |
| Intangible assets, net | 37,578 | 39,674 |
| Goodwill, net | 14,542 | 14,616 |
| Deferred financing costs, net | 463 | 468 |
| Related party note receivable, less current portion | 3,406 | 3,836 |
| Deposits and other long-term assets | 1,387 | 917 |
| Total assets | $222,050 | $222,181 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $15,246 | $9,785 |
| Accrued expenses and other current liabilities | 8,695 | 10,711 |
| Current portion of operating lease liabilities | 4,423 | 4,335 |
| Current maturities of long-term debt | 6,188 | 5,989 |
| Total current liabilities | 34,552 | 30,820 |
| Operating lease liabilities, less current portion | 19,762 | 21,494 |
| Revolving line of credit | 37,017 | 25,000 |
| Long-term debt, less current portion | 7,207 | 14,827 |
| Deferred tax liabilities, net | 5,476 | 7,167 |
| Total liabilities | 104,014 | 99,308 |
| Commitments and contingencies (See Note 15) | ||
| Shareholders' equity | ||
| Common stock, $0.0001 par value, shares authorized 125,000,000; issued 36,057,592 and 35,661,297, respectively; outstanding 35,282,224 and 35,156,128, respectively | 4 | 4 |
| Less: Treasury stock at cost, 775,368 and 505,169 shares, respectively | (2,192) | (1,265) |
| Additional paid-in-capital | 133,457 | 130,801 |
| Accumulated deficit | (13,308) | (7,343) |
| Accumulated other comprehensive income (loss) | 60 | 664 |
| Total Drilling Tools International shareholders' equity | 118,021 | 122,861 |
| Non-controlling interest | 15 | 12 |
| Total equity | 118,036 | 122,873 |
| Total liabilities and shareholders' equity | $222,050 | $222,181 |
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