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AI brief of an SEC Form 8-K · DAWSON GEOPHYSICAL CO (DWSN)

Dawson Geophysical Q1 revenue rises 128% to $36.7 million; net income $7.7 million

Positive Impact 3 of 5 earnings Written later

Dawson Geophysical reported unaudited first quarter 2026 results, with total revenue up 128% from a year earlier and net income of $7.7 million, or $0.25 per share, versus $0.03 per share a year earlier. The company said high equipment utilization drove the gains, though operating cash flow was negative $0.5 million in the quarter.

Key points

  • Total revenue of $36.7 million for the quarter ended March 31, 2026, up from $16.1 million a year earlier
  • Net income of $7.7 million, or $0.25 per diluted share, compared with $1.0 million, or $0.03 per share, in Q1 2025
  • Adjusted EBITDA of $10.9 million, up from $2.3 million; cash used in operating activities was $0.5 million
  • Cash of $1.4 million at March 31, 2026; working capital of $0.4 million versus a $5 million deficit at December 31, 2025

The filing

CompanyDAWSON GEOPHYSICAL CO (DWSN)
Form8-K, current report
Filed with the SECMay 14, 2026, 4:15 PM ET
Accession number0001104659-26-061182

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 May 14, 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.