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Visual21 Nov 2025
Data center suppliers
Drilling Tools International (DTI) investor relations material
Drilling Tools International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Q3 2025 revenue was $38.8M, with tool rental contributing $31.9M and product sales $7.0M; net loss was $0.9M, compared to net income of $0.9M in Q3 2024.
Eastern Hemisphere revenue grew 41% year-over-year, now 15% of total revenue, driven by acquisitions and Middle East expansion.
Four acquisitions since June 2023 expanded global reach, product offerings, and contributed to resilience despite a lower rig count.
Proactive pricing strategies, customer engagement, and financial discipline led to $5.6M debt reduction, $3.2M cash increase, and $550,000 in share buybacks.
Management is optimistic for 2025–2026, citing strong execution, resilience, and successful M&A integration.
Financial highlights
Q3 2025 consolidated revenue was $38.8M; tool rental revenue $31.9M, product sales $6.9M; adjusted EBITDA $9.1M; adjusted free cash flow $5.6M.
Q3 2025 net loss was $903,000 ($0.03 per share); adjusted net income was $751,000 ($0.02 per share).
Nine months ended September 30, 2025: revenue $121.1M, net loss $5.0M, adjusted EBITDA $29.2M, adjusted free cash flow $13.1M.
As of September 30, 2025, cash and equivalents were $4.4M, net debt $46.9M.
Gross margin for Q3 2025 was 19.6%–26%, down from 30% in Q3 2024.
Outlook and guidance
2025 revenue guidance reaffirmed at $145–$165M; adjusted EBITDA expected at $32–$42M; adjusted free cash flow $14–$19M; CapEx $18–$23M.
Management expects typical Q4 seasonality, cost pressures from inflation, and results at or above guidance midpoints.
Cost-cutting program reduced from $6M to $4M for 2025 due to increased customer activity and new contract wins.
Sufficient liquidity is anticipated for at least the next 12 months, supported by cash, operations, and credit facility.
Expect to double Eastern Hemisphere revenue contribution in 2025, with full-year contributions from all 2024 acquisitions.
Detail factors enabling $2M cost cut reduction
Middle East unconventional gas opportunity
Priorities for future free cash flow deployment
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Next Drilling Tools International earnings date
Q4 202513 Mar, 2026
Next Drilling Tools International earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
Drilling Tools International Corporation (DTI) is a Houston-based company that provides specialized oilfield services, focusing on the design, engineering, and manufacturing of tools used in horizontal and directional drilling operations. Their offerings are primarily rental-based, catering to both onshore and offshore drilling projects. The company is headquartered in Houston, Texas, and its shares are listed on the NASDAQ.
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