Dawson Geophysical Co income statement
In fiscal 2025, Dawson Geophysical Co reported revenue of $75.6m, up 2.0% on the year before, operating income of −$1.7m (a -2.2% margin) and net income of −$1.9m, or −$0.06 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Sept 2013 | 2014Sept 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 305 | 262 | 235 | 138 | 157 | 154 | 146 | 86 | 25 | 52 | 97 | 74 | 76 | 104 |
| Cost of revenue | — | — | — | — | 139 | 133 | 123 | 69 | 29 | 38 | 87 | 63 | 63 | 81 |
| Gross profit | — | — | — | — | 17 | 21 | 23 | 17 | −4 | 14 | 10 | 11 | 13 | 23 |
| General and administrative | 13 | 16 | 23 | 17 | 16 | 16 | 17 | 14 | 12 | 15 | 13 | 10 | 9 | 11 |
| Operating income | 20 | −18 | −41 | −47 | −38 | −25 | −16 | −14 | −29 | −22 | −13 | −5 | −2 | 5 |
| Interest expense | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Income before tax | 20 | −18 | −40 | −44 | −37 | −25 | −15 | −13 | −29 | −19 | −12 | −4 | −2 | 4 |
| Income tax | 9 | −5 | −14 | −6 | −5 | −1 | −0 | 0 | −0 | 0 | −0 | 0 | 0 | 0 |
| Net income | 10 | −13 | −26 | −38 | −32 | −24 | −15 | −13 | −29 | −19 | −12 | −4 | −2 | 4 |
| Diluted EPS | $0.74 | −$0.90 | −$1.21 | −$1.69 | −$1.40 | −$1.07 | −$0.66 | −$0.56 | −$1.23 | −$0.75 | −$0.45 | −$0.13 | −$0.06 | $0.12 |
| Diluted shares (average) | 14m | 14m | 21m | 23m | 23m | 23m | 23m | 23m | 24m | 25m | 27m | 31m | 31m | 31m |
| EBITDA | 57 | 22 | 6 | −3 | 1 | 5 | 6 | 3 | −16 | −10 | −5 | 1 | 4 | 12 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 16 | 16 | 10 | 23 | 27 | 37 | 18 |
| Cost of revenue | 16 | 13 | 12 | 9 | 20 | 22 | 24 | 15 |
| Gross profit | −2 | 3 | 4 | 1 | 2 | 5 | 13 | 3 |
| General and administrative | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 4 |
| Operating income | −6 | −1 | 1 | −2 | −1 | 1 | 8 | −3 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Income before tax | −6 | −1 | 1 | −2 | −1 | 1 | 8 | −3 |
| Income tax | −0 | −0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −6 | −1 | 1 | −2 | −1 | 1 | 8 | −3 |
| Diluted EPS | −$0.18 | −$0.02 | $0.03 | −$0.08 | −$0.04 | $0.02 | $0.25 | −$0.11 |
| EBITDA | −4 | 1 | 2 | −1 | 0 | 3 | 10 | −1 |
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