Dawson Geophysical Co (DWSN)
Dawson Geophysical Co brought in $104.3M of revenue over the twelve months to June 30, 2026, up 86.3% from a year earlier. Net income was $3.6M, a net margin of 3.5%. Operating cash flow minus capital spending left $7.1M of free cash flow in fiscal 2025. At June 30, 2026 it held $5.8M in cash against $17.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Key facts about Dawson Geophysical Co
- Net worth
- Dawson Geophysical Co has a market value (market cap) of $49.7M at the latest share price, and shareholders' equity of $20M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $75.6M (+2.0% year on year), with a net loss of $1.9M. Over the 12 months to June 30, 2026: revenue $104.3M, net income $3.6M.
- Cash flow
- In fiscal 2025 operations brought in $14M of cash; after $6.8M of capital spending, free cash flow was $7.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Dawson Geophysical Co's next report is expected around November 11, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Dawson Geophysical Co does
Dawson Geophysical Co is registered with the SEC under industry code SIC 1382 (Oil & Gas Field Exploration Services). Its shares trade on NASDAQ under the ticker DWSN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $75.6M | -$1.9M | -$0.06 | $7.1M |
| 2024 | $74.2M | -$4.1M | -$0.13 | -$3.7M |
| 2023 | $96.8M | -$12.1M | -$0.45 | -$2.9M |
| 2022 | $51.6M | -$18.6M | -$0.75 | -$4.7M |
| 2021 | $24.7M | -$29.1M | -$1.07 | -$16.6M |
| 2020 | $86.1M | -$13.2M | -$0.49 | $16.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DWSN ranks in Energy
Dividends
It paid out $9.9M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2024 | n/a | $9.9M | n/a |
| 2018 | n/a | $1K | n/a |
| 2014 | $0.14 | $1.9M | n/a |
| 2013 | n/a | $939 | n/a |
| 2012 | n/a | $3.1M | n/a |
| 2011 | n/a | $431 | n/a |
Latest SEC filings
What Dawson Geophysical Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 14, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 82% to $17.9M versus the same quarter last year; diluted EPS -$0.11 versus -$0.08.
- August 13, 2026
- May 15, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 128% to $36.7M versus the same quarter last year; diluted EPS $0.25 versus $0.03.
- May 14, 2026
- April 30, 2026Annual report (amended) 10-K/A · period to December 31, 2025Revenue rose 2% to $75.6M versus the prior year; diluted EPS -$0.06 versus -$0.13.
- March 31, 2026Annual report 10-K · period to December 31, 2025Revenue rose 2% to $75.6M versus the prior year; diluted EPS -$0.06 versus -$0.13.
- March 31, 2026
- January 5, 2026Activist stake changed SCHEDULE 13D/A
- November 13, 2025Quarterly report 10-Q · period to September 30, 2025Revenue rose 58% to $22.7M versus the same quarter last year; diluted EPS -$0.04 versus -$0.18.
- November 12, 2025
What is DWSN worth? A DCF from its reported cash flow
Insider trades
What the people running Dawson Geophysical Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 30, 2026 | Mays Ray LEVP & Chief Operating Officer | Received as pay | 150 | - |
| December 31, 2025 | Wilks FarrisDirector, 10% owner | Other changeindirect | 15,547,010 | - |
Who owns DWSN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dan Wilks13D, may seek influence with 4 related filers | 79.42% | January 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 40 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Grace & White Inc | 702,917 | -76,226 |
| RBF Capital, LLC | 423,797 | 0 |
| Vanguard Capital Management LLC | 156,877 | +43,636 |
| Gabelli Funds LLC | 145,200 | 0 |
| Marshall Wace, Llp | 86,797 | +45,778 |
| Geode Capital Management, LLC | 83,645 | +2,459 |
| Hillsdale Investment Management Inc. | 54,404 | +20,000 |
| US Bancorp | 53,443 | 0 |
| Citadel Advisors LLC | 40,178 | new |
| Pinnacle Associates Ltd | 38,360 | -2,000 |
| Two Sigma Investments, LP | 34,016 | -600 |
| Vanguard Fiduciary Trust Co | 33,220 | 0 |
| State Street Corp | 28,890 | 0 |
| Salem Investment Counselors Inc | 26,225 | 0 |
| BlackRock, Inc. | 21,955 | +5,302 |
| Bridgeway Capital Management, LLC | 21,710 | 0 |
| Sanders Morris Harris LLC | 20,000 | new |
| Teton Advisors, LLC | 20,000 | 0 |
| Jane Street Group, LLC | 15,496 | new |
| Kingswood Wealth Advisors, LLC | 14,228 | +193 |
Insiders
1 insiders reported holding 108,650 shares in total, about $173.8K at the last price.
| Holder | Shares |
|---|---|
| Mays Ray LEVP & Chief Operating Officer | 108,650 |
Questions about DWSN
What does Dawson Geophysical Co do?
Dawson Geophysical Co is a company in the Energy sector, listed on NASDAQ as DWSN. Its shares trade on NASDAQ under the ticker DWSN.
What is Dawson Geophysical Co's net worth?
Dawson Geophysical Co has a market value (market cap) of $49.7M at the latest share price, and shareholders' equity of $20M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Dawson Geophysical Co profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $3.6M on revenue of $104.3M, a net margin of 3.5%.
How much revenue does Dawson Geophysical Co make?
Over the twelve months to June 30, 2026 Dawson Geophysical Co reported revenue of $104.3M. That is 86.3% more than a year earlier.
When did Dawson Geophysical Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026.
When is Dawson Geophysical Co's next earnings report?
Dawson Geophysical Co's next report is expected around November 11, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Dawson Geophysical Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.