Drilling Tools International Corp financial statements
Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Drilling Tools International Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
130
152
154
160
Cost of revenue
35.5
38.5
Gross profit
117
116
Selling, general and administrative
51.6
68.3
78.7
82.2
General and administrative
1.28
66.7
76.8
Operating income
25.3
27.9
13.4
Other non-operating income
-0.5
-8.11
-10.4
Pre-tax income
24.8
19.8
2.98
-2.86
Income tax
3.7
5.05
-0.03
0.91
Net income
21.1
14.7
3.01
-3.76
EBITDA
45
48.3
37.3
EPS, basic
1.66
0.67
0.09
-0.11
EPS, diluted
1.07
0.59
0.09
-0.11
Shares, basic (weighted)
12
21.4
31.9
35.5
Shares, diluted (weighted)
19.7
25.1
32.3
35.5
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2.35
6
6.19
3.65
Short-term investments
1.14
0.89
0
Receivables
29
29.9
39.6
37.7
Inventory
3.28
5.03
17.5
18.1
Other current assets
0.02
0.02
0
3.87
Total current assets
40.2
46.4
68.1
64.9
Property, plant and equipment
44.2
65.8
75.6
72.6
Lease right-of-use assets
20
18.8
22.7
25.2
Goodwill
0
12.1
14.6
Intangible assets
0.26
0.22
37.2
39.7
Total assets
105
132
222
222
Accounts payable
7.28
7.75
12
9.79
Accrued liabilities
7.3
10.6
7.86
10.7
Deferred revenue
0.08
1.04
0.68
0.72
Short-term debt
0
7
5.99
Total current liabilities
36.2
22.3
31
30.8
Long-term debt
0
19.7
14.8
Lease liabilities
16.7
14.9
18.8
21.5
Total liabilities
56.1
43.8
102
99.3
Total debt
0
53.8
45.8
Paid-in capital
52.4
95.2
125
131
Retained earnings
-21.1
-6.31
-3.58
-7.34
Treasury stock
0
0
0
-1.27
Other comprehensive income
-0.11
-0.23
-1.88
0.66
Shareholders' equity
31.2
88.7
120
123
Minority interests
0
0.01
Total equity
31.2
88.7
120
123
Total liabilities and equity
105
132
222
222
Shares outstanding
12
29.8
34.7
35.2
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
21.1
14.7
3.01
-3.76
Depreciation and amortization
19.7
20.4
23.8
27.3
Stock-based compensation
0
3.99
2.09
2.46
Deferred income tax
1.08
3.44
-0.78
0.53
Change in receivables
-9.27
-1.05
-4.02
4.03
Change in inventory
-0.91
-1.72
-4.32
0.95
Change in payables
-1.43
-1.55
-0.08
-4.76
Cash from operations
14
23.3
6.06
19.9
Capital expenditures
-24.7
-43.8
-22.9
-20.1
Acquisitions
0
-47.3
-5.62
Cash from investing
-2.53
-23.9
-53.6
-13.3
Debt issued
0
25
0
Debt repaid
-1
0
-3.54
-5
Share buybacks
0
-1.27
Cash from financing
-9.34
4.3
47.9
-9.3
Net change in cash
2.3
3.65
0.18
-2.54
Free cash flow
-10.7
-20.4
-16.8
-0.22
Interest paid
0.34
1.17
2.67
4.25
Income taxes paid
0.72
3.01
3.39
1.42
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.45 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-2.2%
Pre-tax income / revenue.
Net margin
-2.0%
Net income / revenue.
FCF margin
-6.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
6.4%
Cash from operations / revenue.
Return on equity (ROE)
-2.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.3%
Net income / average total assets.
SG&A / revenue
52.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.9%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
12.7%
Capital expenditures / revenue.
D&A / revenue
18.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
3.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
7.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
-224.8%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-222.2%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
228.9%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
12.5%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
2.4%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
57.9%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-0.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
28.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
10.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
21.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.18x
Current assets / current liabilities.
Quick ratio
1.36x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.07x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.45x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
23.7%
Total debt / total assets.
Liabilities / assets
47.6%
Total liabilities / total assets.
Net debt
$51.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.09
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$4.35
Revenue / diluted weighted shares.
FCF per share
-$0.27
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.28
Cash from operations / diluted weighted shares.
Book value per share
$3.39
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.56x
Market cap / revenue.
P/B
0.72x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.29x
Market cap / tangible book value, when positive.
P/OCF
8.79x
Market cap / cash from operations, when positive.
EV/Sales
0.90x
Enterprise value / revenue.
FCF yield
-11.1%
Free cash flow / market cap.
Earnings yield
-3.5%
Net income / market cap (the inverse of P/E).
Shareholder yield
1.6%
(Dividends paid + share buybacks) / market cap.
What was Drilling Tools International Corp's revenue in fiscal 2025?
Drilling Tools International Corp reported revenue of $159.6M for fiscal 2025, 3.4% higher than the year before.
Was Drilling Tools International Corp profitable in fiscal 2025?
No. It reported a net loss of $3.8M.
How much free cash flow did Drilling Tools International Corp generate in fiscal 2025?
Cash from operations of $19.9M minus capital expenditures of $20.1M left free cash flow of -$224.0K.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.