Dawson Geophysical Co (NASDAQ:DWSN)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $104.3M
- Net income
- $3.6M
- Net margin
- 3.5%
A manageable debt load.
- Total debt
- $20.0M
- Cash
- $5.8M
- Net debt / EBITDA
- 1.17x
Owes more within a year than it holds to pay it.
- Current assets
- $20.5M
- Current liabilities
- $23.5M
- Current ratio
- 0.87
Roughly cash-neutral.
- Operating cash flow
- $3.3M
- Free cash flow
- -$4.5M
- FCF margin
- -4.3%
Not funding itself by issuing shares.
- Shares outstanding
- 31.1M
- Share growth (1y)
- 0.2%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
DWSN Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 17.91 M | 36.70 M | 26.95 M | 22.75 M | 9.85 M | 16.08 M |
| Revenue Growth (YoY) | 81.83 % | 128.26 % | 72.35 % | 57.73 % | -21.27 % | -49.09 % |
| Cost of Revenue | 5.64 M | 25.62 M | 23.53 M | 21.81 M | 1.17 M | 1.27 M |
| Gross Profit | 12.28 M | 11.08 M | 3.42 M | 938.00 K | 8.68 M | 14.81 M |
| SG&A Expense | 3.65 M | 2.94 M | 2.58 M | 2.11 M | 2.33 M | 1.99 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 15.30 M | 2.25 M | 2.58 M | 2.11 M | 11.05 M | 13.77 M |
| Operating Income | -3.03 M | 8.84 M | 845.00 K | -1.17 M | -2.37 M | 1.03 M |
| Pretax Income | -3.42 M | 7.67 M | 569.00 K | -1.14 M | -2.36 M | 995.00 K |
| Tax Provision | 15.00 K | 10.00 K | 0.00 | 10.00 K | -7.00 K | 3.00 K |
| Net Income | -3.44 M | 7.66 M | 569.00 K | -1.15 M | -2.35 M | 992.00 K |
| EPS (Basic) | -0.11 | 0.25 | 0.02 | -0.04 | -0.08 | 0.03 |
| EPS (Diluted) | -0.11 | 0.25 | 0.02 | -0.04 | -0.08 | 0.03 |
| Shares Outstanding | 31.05 M | 31.05 M | 31.02 M | 31.01 M | 30.99 M | 30.98 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.