Dawson Geophysical Q4 revenue up 72% to $27.0 million; full-year net loss $1.9 million
Dawson Geophysical reported unaudited fourth-quarter and full-year 2025 results. Q4 revenue rose 72% to $27.0 million and the company posted net income of $0.6 million, compared with a net loss of $0.8 million a year earlier. Full-year net loss narrowed to $1.9 million from $4.1 million, though revenue grew only 2%. The filing also says Wilks Brothers and its affiliates, which control about 80% of the stock, are in discussions on possible transactions with the company, with no definitive agreement reached.
Key points
- Q4 2025 total revenue was $27.0 million, up 72% from $15.6 million; Q4 net income was $0.6 million, or $0.02 per share, versus a net loss of $0.8 million in Q4 2024
- Full-year 2025 revenue was $75.6 million, up 2% from $74.2 million; net loss was $1.9 million, or $0.06 per share, compared with $4.1 million, or $0.13 per share, in 2024
- Wilks Brothers, LLC and affiliates control about 80% of common stock; discussions on possible transactions have no guarantee of a definitive agreement, and $528,000 of related expenses were incurred in Q4 2025
- Cash from operations was $14.0 million in 2025; cash rose to $4.9 million at December 31, 2025, and the 2026 capital budget is $3 million
The filing
Written by AI on Nov 9, 2026, 8:51 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 March 30, 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.