DTI

MKT CAP:$118M

Drilling Tools International Corp.

Market Cap

$118M

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

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

Stock Price

$3.32+$0.74 (+28.68%)

Apr 24, 2026

Company Details

Drilling Tools International Corp. provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole desander and filters; non-mag and steel drill collars; tubulars; fl...

CEO

R. Wayne Prejean

IPO Date

Dec 29, 2021

Website

www.drillingtools.com

Key Metrics TTM

Revenue

$160M

+3.4% YoY

Net Income

-$4M

EPS (Diluted)

-$0.11

Free Cash Flow

-$638.0K

Revenue / Share

$4.53

Gross Margin

57.0%

Operating Margin

9.8%

Net Margin

-2.4%

FCF Margin

-0.4%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

May 8, 2026

PENDING

FY 2025

Mar 6, 2026

$160M+3.4%EPS -$0.11

Q4 2025

Mar 6, 2026

$39M-3.4%EPS $0.03

Q3 2025

Nov 7, 2025

$39M-3.2%EPS -$0.03

Q2 2025

Aug 14, 2025

$39M+5.0%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$30M	$18M	$4M
Q3 22	$37M	$23M	$8M
Q4 22	$37M	$23M	$8M
Q1 23	$41M	$26M	$8M
Q2 23	$38M	$24M	$7M
Q3 23	$38M	$24M	$7M
Q4 23	$35M	$22M	$5M
Q1 24	$37M	$23M	$5M
Q2 24	$38M	$22M	$2M
Q3 24	$40M	$24M	$4M
Q4 24	$40M	$33M	$2M
Q1 25	$43M	$35M	$3M
Q2 25	$39M	$23M	$2M
Q3 25	$39M	$29M	$8M
Q4 25	$39M	$4M	$2M

Valuation

Quarter	P/S	P/E
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	0.8x	4.6x
Q2 23	0.8x	5.8x
Q3 23	0.8x	6.7x
Q4 23	0.8x	8.0x
Q1 24	0.8x	9.7x
Q2 24	0.8x	10.2x
Q3 24	0.8x	14.4x
Q4 24	0.8x	39.2x
Q1 25	0.7x	—
Q2 25	0.7x	—
Q3 25	0.7x	—
Q4 25	0.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$3M	-$6M
Q3 22	$3M	-$4M
Q4 22	$8M	$697.0K
Q1 23	$7M	$22.0K
Q2 23	$7M	-$11M
Q3 23	$3M	-$9M
Q4 23	$6M	-$1M
Q1 24	$3M	-$3M
Q2 24	$1M	-$9M
Q3 24	$5M	$2M
Q4 24	-$4M	-$7M
Q1 25	$2M	-$3M
Q2 25	$2M	-$6M
Q3 25	$10M	$6M
Q4 25	$5M	$1M

Capital Expenditures

Quarter	CapEx
Q2 22	$9M
Q3 22	$7M
Q4 22	$8M
Q1 23	$7M
Q2 23	$18M
Q3 23	$12M
Q4 23	$7M
Q1 24	$6M
Q2 24	$10M
Q3 24	$3M
Q4 24	$3M
Q1 25	$5M
Q2 25	$8M
Q3 25	$4M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+24.8%	+17.5%
Q3 23	+4.4%	+8.9%
Q4 23	-4.0%	+6.8%
Q1 24	-9.4%	-3.1%
Q2 24	-1.0%	+12.8%
Q3 24	+5.1%	+15.6%
Q4 24	+13.2%	+24.0%
Q1 25	+16.0%	+24.3%
Q2 25	+5.0%	+6.9%
Q3 25	-3.2%	-14.8%
Q4 25	-3.4%	-5.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$4M	10.5%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$208.0K	0.6%
Q2 24	$856.0K	2.3%
Q3 24	$508.0K	1.3%
Q4 24	$520.0K	1.3%
Q1 25	$541.0K	1.3%
Q2 25	$642.0K	1.6%
Q3 25	$0	0.0%
Q4 25	$644.0K	1.7%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 22	—	$14M
Q3 22	$15M	—
Q4 22	$15M	—
Q1 23	—	$18M
Q2 23	$20M	—
Q3 23	$17M	—
Q4 23	$17M	—
Q1 24	—	$18M
Q2 24	$20M	—
Q3 24	$20M	—
Q4 24	$21M	—
Q1 25	—	$22M
Q2 25	$21M	—
Q3 25	$20M	—
Q4 25	—	$19M

Revenue Segments

Quarter	Product	Tool Rental
Q2 24	$9M	$28M
Q3 24	$12M	$28M

Revenue by Geography

Quarter	International	United States
Q2 24	$7M	$31M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$557.6K	$0	$557.6K
Q2 22	$401.9K	$0	$401.9K
Q3 22	$307.3K	$0	$307.3K
Q4 22	$2M	$1M	$3M
Q1 23	$820.0K	$1M	$2M
Q2 23	$7M	$2M	$9M
Q3 23	$4M	$995.0K	$5M
Q4 23	$6M	$888.0K	$7M
Q1 24	$14M	$1M	$15M
Q2 24	$7M	$2M	$8M
Q3 24	$12M	$0	$12M
Q4 24	$6M	$0	$6M
Q1 25	$3M	$0	$3M
Q2 25	$1M	$0	$1M
Q3 25	$4M	$0	$4M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	20M	—	—
Q3 22	20M	+0.0%	—
Q4 22	27M	+36.5%	—
Q1 23	27M	0.0%	—
Q2 23	21M	-22.7%	+5.4%
Q3 23	30M	+44.8%	+52.7%
Q4 23	30M	-0.9%	+10.9%
Q1 24	30M	0.0%	+10.9%
Q2 24	31M	+3.7%	+48.8%
Q3 24	31M	+1.7%	+4.5%
Q4 24	35M	+10.5%	+16.6%
Q1 25	36M	+2.6%	+19.6%
Q2 25	36M	-0.1%	+15.2%
Q3 25	35M	-0.5%	+12.7%
Q4 25	35M	-0.4%	+1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$89.1K	447
Q1 25	$95.9K	447
Q2 25	$88.2K	447
Q3 25	$86.8K	447
Q4 25	$89.1K	432

Revenue / Employee