BOOM

MKT CAP:$123M

DMC Global Inc.

Market Cap

$123M

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NASDAQ

Energy·Oil & Gas Equipment & Services·🇺🇸·NASDAQ

Stock Price

$5.28-$1.57 (-22.92%)

Apr 20, 2026

Company Details

DMC Global Inc. provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, ...

CEO

James O'Leary

IPO Date

Jan 5, 1989

Website

www.dmcglobal.com

Key Metrics TTM

Revenue

$428M

+102.4% YoY

Net Income

-$12M

EPS (Diluted)

-$0.57

Free Cash Flow

$16M

Revenue / Share

$21.48

Gross Margin

19.0%

Operating Margin

0.0%

Net Margin

-2.7%

FCF Margin

3.6%

P/S

0.3x

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 23, 2026

$610MEPS -$0.90

Q4 2025

Feb 23, 2026

$144MEPS -$0.59

Q3 2025

Nov 4, 2025

$152MEPS -$0.10

Q3 2021

Oct 21, 2021

$67M+21.5%EPS $0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$81M	$27M	$10M
Q3 18	$88M	$30M	$9M
Q4 18	$90M	$31M	$13M
Q1 19	$100M	$36M	$20M
Q2 19	$111M	$42M	$25M
Q3 19	$100M	$36M	$13M
Q4 19	$86M	$30M	$499.0K
Q1 20	$74M	$24M	$6M
Q2 20	$43M	$7M	-$8M
Q3 20	$55M	$14M	$1M
Q4 20	$57M	$12M	-$818.0K
Q1 21	$56M	$13M	-$710.0K
Q2 21	$65M	$17M	$3M
Q3 21	$67M	$17M	$1M
Q3 25	$152M	$28M	$2M
Q4 25	$144M	$20M	-$6M

Valuation

Quarter	P/S	P/E
Q2 18	0.5x	—
Q3 18	0.4x	9.3x
Q4 18	0.4x	4.1x
Q1 19	0.3x	3.0x
Q2 19	0.3x	2.3x
Q3 19	0.3x	2.3x
Q4 19	0.3x	3.6x
Q1 20	0.3x	5.4x
Q2 20	0.4x	921.1x
Q3 20	0.5x	—
Q4 20	0.5x	—
Q1 21	0.6x	—
Q2 21	0.5x	55.2x
Q3 21	0.5x	75.6x
Q3 25	0.4x	248.8x
Q4 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	$1M	-$10M
Q3 18	$8M	-$2M
Q4 18	$21M	$3M
Q1 19	$7M	$396.0K
Q2 19	$16M	$7M
Q3 19	$12M	$6M
Q4 19	$29M	$25M
Q1 20	$5M	-$201.0K
Q2 20	$6M	$4M
Q3 20	$10M	$8M
Q4 20	$9M	$5M
Q1 21	$2M	$811.0K
Q2 21	-$8M	-$10M
Q3 21	$4M	$1M
Q3 25	$19M	$15M
Q4 25	$15M	$10M

Capital Expenditures

Quarter	CapEx
Q2 18	$11M
Q3 18	$10M
Q4 18	$19M
Q1 19	$7M
Q2 19	$10M
Q3 19	$6M
Q4 19	$5M
Q1 20	$5M
Q2 20	$2M
Q3 20	$2M
Q4 20	$4M
Q1 21	$1M
Q2 21	$2M
Q3 21	$3M
Q3 25	$4M
Q4 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 18	+71.5%	+56.4%
Q3 18	+68.5%	+22.4%
Q4 18	+65.8%	+43.1%
Q1 19	+48.8%	+28.5%
Q2 19	+37.1%	+22.1%
Q3 19	+13.9%	+10.4%
Q4 19	-4.4%	+11.1%
Q1 20	-26.5%	-15.6%
Q2 20	-61.1%	-40.7%
Q3 20	-44.8%	-38.3%
Q4 20	-33.9%	-32.5%
Q1 21	-24.3%	-16.1%
Q2 21	+51.5%	+22.6%
Q3 21	+21.5%	+22.7%
Q3 25	+165.3%	+157.9%
Q4 25	+157.9%	+165.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$1M	1.3%
Q3 18	$870.0K	1.0%
Q4 18	$918.0K	1.0%
Q1 19	$1M	1.2%
Q2 19	$1M	1.3%
Q3 19	$1M	1.2%
Q4 19	$1M	1.5%
Q1 20	$1M	1.5%
Q2 20	$1M	3.3%
Q3 20	$2M	2.9%
Q4 20	$2M	2.7%
Q1 21	$2M	2.9%
Q2 21	$2M	2.6%
Q3 21	$2M	2.3%
Q3 25	$0	0.0%
Q4 25	$1M	0.8%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 18	$10M	$6M	—
Q3 18	$10M	$5M	—
Q4 18	$11M	$6M	—
Q1 19	$9M	$6M	—
Q2 19	$9M	$7M	—
Q3 19	$10M	$7M	—
Q4 19	$9M	$7M	—
Q1 20	$8M	$9M	—
Q2 20	$7M	$5M	—
Q3 20	$7M	$5M	—
Q4 20	$7M	$5M	—
Q1 21	$8M	$5M	—
Q2 21	$8M	$6M	—
Q3 21	$10M	$6M	—
Q3 25	—	—	$26M
Q4 25	$13M	$16M	—

Revenue Segments

Quarter	DynaEnergetics Segment	NobelClad Segment
Q2 18	$59M	$22M
Q3 18	$66M	$22M
Q1 19	$80M	$20M
Q2 19	$89M	$22M
Q3 19	$77M	$23M
Q1 20	$53M	$20M
Q2 20	$24M	$20M
Q3 20	$34M	$21M
Q4 20	$35M	$22M
Q1 21	$38M	$17M
Q2 21	$42M	$23M
Q3 21	$44M	$23M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$15M	$0	$15M
Q2 22	$12M	$0	$12M
Q3 22	$18M	$0	$18M
Q4 22	$25M	$0	$25M
Q1 23	$20M	$0	$20M
Q2 23	$19M	$2M	$21M
Q3 23	$28M	$8M	$36M
Q4 23	$31M	$13M	$44M
Q1 24	$20M	$0	$20M
Q2 24	$15M	$0	$15M
Q3 24	$15M	$0	$15M
Q4 24	$14M	$0	$14M
Q1 25	$15M	$0	$15M
Q2 25	$12M	$0	$12M
Q3 25	$26M	$0	$26M
Q4 25	$32M	$0	$32M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	15M	+0.6%	+1.3%
Q3 18	15M	+0.3%	+1.4%
Q4 18	15M	+0.7%	+2.0%
Q1 19	15M	-0.0%	+1.5%
Q2 19	15M	+1.6%	+2.5%
Q3 19	15M	-0.3%	+1.9%
Q4 19	0	-100.0%	-100.0%
Q1 20	15M	—	+0.3%
Q2 20	15M	+0.8%	-0.5%
Q3 20	15M	-0.1%	-0.2%
Q4 20	15M	+0.6%	—
Q1 21	15M	+3.7%	+5.1%
Q2 21	18M	+13.6%	+18.4%
Q3 21	19M	+6.7%	+26.4%
Q3 25	20M	+6.4%	+33.6%
Q4 25	20M	-0.1%	+28.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 18	$151.0K	536
Q3 18	$164.0K	536
Q4 18	$135.8K	665
Q1 19	$150.6K	665
Q2 19	$166.8K	665
Q3 19	$150.5K	665
Q4 19	$116.6K	741
Q1 20	$99.3K	741
Q2 20	$58.3K	741
Q3 20	$74.6K	741
Q4 20	$107.6K	531
Q1 21	$104.8K	531
Q2 21	$123.2K	531
Q3 21	$126.5K	531
Q3 25	$94.7K	2K
Q4 25	$95.7K	2K

Revenue / Employee