FY2025 · ended Dec 31, 2025 · Revenue $75.62M, +2.0% YoY · Filed Mar 31, 2026
Dawson Geophysical Company (DWSN) files with the SEC under industry code 1382, Oil & Gas Field Exploration Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $75.6 million and a net loss of $1.9 million. Free cash flow was $7.1 million. As of Jun 30, 2026 it held $6.1 million in cash and investments and $20.0 million in total debt.
Revenue (TTM)
$104.31M
+86.3% vs year-ago TTM
Net income (TTM)
$3.64M
+146.8% vs year-ago TTM
Operating cash flow (TTM)
$3.35M
-52.0% vs year-ago TTM
Free cash flow (TTM)
$-4.45M
-175.3% vs year-ago TTM
EPS (TTM)
$0.12
+146.6% vs year-ago TTM
Dividend per share
$0.14
Shares outstanding
31.05M
+0.0% vs prior year
Net cash
$-13.83M
as of Jun 30, 2026
Operating margin
4.6%
FY 2026
Company profile
- Industry
- Oil & Gas Field Exploration Services (SIC 1382)
- Listed as
- DWSN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- TX
- Headquarters
- Midland, TX
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 799165
- Former names
- TGC INDUSTRIES INC (until Feb 11, 2015)
Other Oil & Gas Field Exploration Services companies
- Pembina Pipeline Corp PBA
- Zion Oil & Gas Inc ZNOG
- NXT Energy Solutions Inc. NSFDF
- ReoStar Energy CORP REOS
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $75.6M | $74.2M | $96.8M | $51.6M | $24.7M |
| Operating income | -$1.7M | -$4.5M | -$13.1M | -$22.2M | -$29.2M |
| Net income | -$1.9M | -$4.1M | -$12.1M | -$18.6M | -$29.1M |
| Diluted EPS | -$0.06 | -$0.13 | -$0.45 | -$0.75 | -$1.23 |
| Operating cash flow | $14.0M | -$1.9M | $814,000 | -$3.3M | -$16.1M |
| Free cash flow | $7.1M | -$3.7M | -$2.9M | -$4.7M | -$16.6M |
| Total assets | $56.0M | $30.9M | $57.5M | $68.7M | $74.0M |
| Total liabilities | $40.2M | — | — | — | — |
| Stockholders' equity | $15.8M | $17.3M | $31.4M | $48.8M | $62.5M |
| Cash and investments | $5.3M | $1.4M | $11.0M | $18.9M | $25.6M |
| Total debt | $14.4M | $7.1M | $6.6M | $4.9M | $5.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 13, 2026 | Aug 13, 2026 |
| 10-Q | Quarterly report | May 15, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 14, 2026 | May 14, 2026 |
| 10-K/A | Amended annual report | Apr 30, 2026 | Dec 31, 2025 |
| 10-K | Annual report | Mar 31, 2026 | Dec 31, 2025 |
All 1000 Dawson Geophysical Company SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.