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Drilling Tools International (DTI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Drilling Tools International (DTI) Q3 2026 earnings results →

Q3 2026 Revenue up 5% year over year to $40.6M · 6¢ of every $1 of revenue lost · operating margin -7.7%

Drilling Tools International made $40.6M in Q3 2026 (+5% Y/Y): Tool Rental $32.0M, Product $8.7M. Operating margin -7.7%, net loss $2.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$40.6M
Year over year+5%
Operating margin-7.7%
Net earnings−$2.6M
Operating cash flow$1.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $40.6M in Q3 2026, up 5% year over year and up 7% from the previous quarter. Tool Rental was the largest line at 79% of revenue. Product added $1.7M year over year (up 25%), 94% of the total change.

Operating costs exceeded revenue by $3.1M, an operating margin of -7.7%. Total costs grew 11% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+19%). The quarter ended with a net loss of $2.6M, wider than the previous quarter's $1.8M loss.

Operating cash flow was $1.4M (down 85% year over year). Non-cash charges added back $7.0M of depreciation and amortization and $929K of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$4.3M.

Quarterly history

Drilling Tools International revenue by quarterDrilling Tools International revenue by quarter$42.9MQ1 2025$39.4MQ2 2025$38.8MQ3 2025$38.5MQ4 2025$38.0MQ1 2026$38.1MQ2 2026$40.6MQ3 2026
Drilling Tools International net earnings by quarterDrilling Tools International net earnings by quarter−$1.7MQ1 2025−$2.4MQ2 2025−$904KQ3 2025$1.2MQ4 2025−$1.5MQ1 2026−$1.8MQ2 2026−$2.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$40.6M+5%-7.7%−$2.6M$1.4M
Q2 202610-QAug 7, 2026$38.1M-3%-4.9%−$1.8M−$2.3M
Q1 202610-QMay 8, 2026$38.0M-12%-5.5%−$1.5M−$3.2M
Q4 202510-KMar 6, 2026$38.5M-3%2.9%$1.2M$5.3M
Q3 202510-QNov 7, 2025$38.8M-3%-1.2%−$904K$10.0M
Q2 202510-QAug 14, 2025$39.4M+5%-4.2%−$2.4M$2.2M
Q1 202510-QMay 14, 2025$42.9M+16%7.7%−$1.7M$2.4M

Charts

Drilling Tools International: revenue growth, year over year and quarter over quarterDrilling Tools International: revenue growth, year over year and quarter over quarterY/YQ/Q+16%Q1 2025+5%-8%Q2 2025-3%-2%Q3 2025-3%-1%Q4 2025-12%-1%Q1 2026-3%+0%Q2 2026+5%+7%Q3 2026
Latest (Q3 2026): Y/Y +5%, Q/Q +7%.
Drilling Tools International: where the cash came from (+) and went (−), TTM to Q3 2026Drilling Tools International: where the cash came from (+) and went (−), TTM to Q3 2026Capital spending−$21.7MOther investing$16.2MAsset & business sales$4.0MCash drawn (+) / kept (−)$1.4MOperating cash flow$1.3MOther financing−$949KBuybacks−$819KNet borrowing (+) / repaid (−)$354KExchange rates$123K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Drilling Tools International: profit against cash, quarter by quarterDrilling Tools International: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.3M−$3.7MQ4 2024−$1.7M$2.4MQ1 2025−$2.4M$2.2MQ2 2025−$904K$10.0MQ3 2025$1.2M$5.3MQ4 2025−$1.5M−$3.2MQ1 2026−$1.8M−$2.3MQ2 2026−$2.6M$1.4MQ3 2026
Latest (Q3 2026): Net income −$2.6M, Operating cash flow $1.4M.
Drilling Tools International: diluted shares by fiscal yearDrilling Tools International: diluted shares by fiscal year20MFY202225MFY202332MFY202436MFY2025
+80.6% since FY2022: more shares outstanding (issuance, stock pay).
Drilling Tools International: long-term debt falling due (FY2025)Drilling Tools International: long-term debt falling due (FY2025)$6.0M2026$6.1M2027$6.2M2028$27.6M2029
Cash $3.6M, short-term investments —, long-term debt $45.8M at 2025-12-31.
Drilling Tools International in its industry: growth against margin (15 companies, SIC 3533)Drilling Tools International in its industry: growth against margin (15 companies, SIC 3533)revenue growth, year over year →↑ operating marginmedian +14%median 8%BKRFTINOVDNOWWFRDWHDSEIINVXFLOCFETHMHOISGPUSKLNGDTI (+5%, -8%)
Oil & Gas Field Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Drilling Tools International

DTI is a Houston, Texas based leading oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. With roots dating back to 1984, DTI operates from 15 service and support centers across North America and maintains 11 international service and support centers across the EMEA and APAC regions. To learn more about DTI, please visit: www.drillingtools.com.

In its own words, from its 8-K, filed Aug 6, 2026.

Drilling Tools International against its Oil & Gas Field Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +10%. Operating margin: -7.7% against the peers' median 12.2%.

CompanyQuarterRevenueY/YOp. margin
DTI Drilling Tools InternationalQ3 2026$40.6M+5%-7.7%
BKR Baker HughesQ3 2026$8.0B+14%6.5%
FTI TechnipFMCQ3 2026$2.9B+9%19.5%
NOV NOVQ3 2026$2.2B+2%6.4%
DNOW DnowQ3 2026$1.3B+111%2.5%
WFRD Weatherford InternationalQ3 2026$1.1B-7%13.4%
WHD CactusQ3 2026$431M+63%21.8%
SEI Solaris Energy InfrastructureQ3 2026$341M+104%19.6%
INVX Innovex InternationalQ3 2026$265M+10%12.2%

Source: Drilling Tools International 10-Q on SEC EDGAR · CIK 1884516 · Oil & Gas Field Machinery & Equipment

Guidance and outlook

Drilling Tools International: what its forward-looking statements are about (10-Q filed 2026-11-06)Drilling Tools International: what its forward-looking statements are about (10-Q filed 2026-11-06)Other3Demand3Costs2Deals1Margins1Financing1
11 statements; tone +0.27 (−1 all cautious, +1 all confident); 4 hedged.
Drilling Tools International: outlook statements against the filing beforeDrilling Tools International: outlook statements against the filing beforeConfident4Cautious1

13F: who owns DTI and who is buying

Largest holders of DTI (13F)Largest holders of DTI (13F)Private Management Group$6.7MGendell Jeffrey L$4.5MArrowstreet Capital, Limited Part…$1.3MVanguard Group$1.2MMarshall Wace, LLP$1.1MVanguard Capital Management LLC$1.0MAcadian Asset Management LLC$748KSolidarity Wealth, LLC$631KDimensional Fund Advisors LP$566KCresset Asset Management, LLC$497K
Funds' net buying of DTI by quarter (13F)Funds' net buying of DTI by quarter (13F)$540K2024-09$1.8M2024-12$737K2025-03−$1.4M2025-06$1.5M2025-09$1.9M2025-12$6.1M2026-03−$453K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DTI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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