Drilling Tools International Corp balance sheet

At the end of fiscal 2025, Drilling Tools International Corp had total assets of $222m, total liabilities of $99.3m and shareholders' equity of $123m. It held $3.6m in cash against $45.8m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Drilling Tools International Corp: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	2	6	6	4	3
Receivables	29	30	40	38	43
Inventory	3	5	18	18	20
Total current assets	40	46	68	65	74
Goodwill	—	0	12	15	15
Total assets	105	132	222	222	229
Accounts payable	7	8	12	10	15
Deferred revenue (current)	0	1	1	1	1
Total current liabilities	36	22	31	31	34
Short-term debt	—	0	7	6	6
Long-term debt	—	0	20	15	9
Total debt	18	0	54	46	54
Total liabilities	56	44	102	99	109
Shareholders' equity	31	89	120	123	120
Non-controlling interests and other (assets − liabilities − equity)	18	—	—	—	—
Shares outstanding	—	30m	35m	35m	35m

US$ millions unless shown otherwise. Fiscal quarters.

Drilling Tools International Corp: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	33	40	42	42	38	38	40	43
Inventory	17	18	18	18	18	18	19	20
Total current assets	69	68	67	66	65	65	69	74
Goodwill	11	12	14	15	15	15	15	15
Total assets	219	222	233	230	227	222	225	229
Accounts payable	9	12	16	12	10	10	12	15
Deferred revenue (current)	1	1	1	1	1	1	1	1
Total current liabilities	52	31	35	32	32	31	32	34
Short-term debt	5	7	6	6	6	6	6	6
Long-term debt	18	20	19	17	16	15	13	9
Total debt	23	27	25	24	22	21	19	15
Total liabilities	96	102	110	108	106	99	104	109
Shareholders' equity	−123	120	123	123	121	123	120	120
Non-controlling interests and other (assets − liabilities − equity)	246	—	—	—	—	—	—	—
Shares outstanding	35m	35m	36m	36m	36m	35m	36m	35m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Drilling Tools International Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Drilling Tools International Corp.