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AI brief of an SEC Form 8-K · Drilling Tools International Corp (DTI)

Drilling Tools International Q3 revenue up to $40.6 million; loss widens to $0.07 a share

Mixed Impact 4 of 5 guidance Written later

Drilling Tools International reported third-quarter 2026 revenue of $40.6 million, up from $38.8 million a year earlier, while its net loss attributable to shareholders widened to $2.6 million, or $0.07 per share, from $0.9 million, or $0.03 per share. The company also cut the low end of its 2026 Adjusted Free Cash Flow outlook and raised its capital expenditure outlook, while saying it is on track to close the Saltire acquisition in the first quarter of 2027.

Key points

  • Q3 2026 revenue was $40.6 million versus $38.8 million in Q3 2025; Adjusted EBITDA was $9.5 million versus $9.1 million.
  • Net loss attributable to shareholders was $2.6 million, or $0.07 per share, versus a loss of $0.03 per share a year earlier; transaction expense was $2.2 million.
  • 2026 capital expenditure outlook raised to $22 million to $23 million; Adjusted Free Cash Flow outlook revised to $13 million to $22 million from $17 million to $22 million.
  • Revenue and Adjusted EBITDA remain within prior guidance, with the company expecting to finish toward the lower end of both ranges.

The filing

CompanyDrilling Tools International Corp (DTI)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:19 PM ET
Accession number0001193125-26-449924

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.