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Drilling Tools International cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$4.3M in Q3 2026 · −$20.3M over twelve months

Operating cash flow$1.4M
Capital spending−$5.7M
Free cash flow−$4.3M

Analysis

In Q3 2026, Drilling Tools International generated $1.4M of operating cash flow and spent $5.7M on capital projects, leaving free cash flow of −$4.3M. That is $10.7M less than in Q3 2025 ($6.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.3M; the largest uses were capital spending ($21.7M), other financing ($949K), buybacks ($819K); besides operations, cash came from other investing ($16.2M), asset & business sales ($4.0M); the cash balance fell by $1.4M.

Operating cash flow was $1.4M against net income of −$2.6M. The largest differences: depreciation & amortization +$7.0M, receivables −$1.2M, payables +$1.1M.

Free cash flow

Drilling Tools International: free cash flow by quarterDrilling Tools International: free cash flow by quarter−$6.9MQ4 2024−$2.6MQ1 2025−$5.4MQ2 2025$6.4MQ3 2025$1.3MQ4 2025−$10.8MQ1 2026−$6.5MQ2 2026−$4.3MQ3 2026
Operating cash flow less capital spending.
Drilling Tools International: operating cash flow against capital spendingDrilling Tools International: operating cash flow against capital spendingOperating cash flowCapital spending−$3.7M$3.2MQ4 2024$2.4M$5.0MQ1 2025$2.2M$7.6MQ2 2025$10.0M$3.5MQ3 2025$5.3M$4.0MQ4 2025−$3.2M$7.7MQ1 2026−$2.3M$4.2MQ2 2026$1.4M$5.7MQ3 2026
Latest (Q3 2026): Operating cash flow $1.4M, Capital spending $5.7M.

Capital allocation, year by year

Drilling Tools International: where the cash came from (up) and went (down), by fiscal yearDrilling Tools International: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2022: Operating cash flow $14.0MFY2022: Net borrowing −$9.1MFY2022: Asset sales $1.0MFY2022: Capital spending −$24.7M$15.0MFY2022FY2023: Operating cash flow $23.3MFY2023: Net borrowing −$18.3MFY2023: Asset sales $202KFY2023: Capital spending −$43.8M$23.5MFY2023FY2024: Operating cash flow $6.1MFY2024: Net borrowing $48.6MFY2024: Asset sales $79KFY2024: Capital spending −$22.9MFY2024: Acquisitions −$47.3M$54.7MFY2024FY2025: Operating cash flow $19.9MFY2025: Net borrowing −$7.1MFY2025: Asset sales $38KFY2025: Capital spending −$20.1MFY2025: Acquisitions −$5.6MFY2025: Buybacks −$1.3M$20.0MFY2025
Over these 4 years operating cash flow totalled $63.3M; the largest uses were capital spending ($111M) and acquisitions ($52.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3.0M
Debt$50.4M
Net debt$47.4M
Due within a year$6.0M

Drilling Tools International's operations bring cash in ($1.3M over twelve months), and it spends more than that on capital projects: a gap of $20.3M funded from its $3.0M of cash and investments and from borrowing ($50.4M of debt, $6.0M due within a year). That is a choice to invest, not a cash runway running down.

Drilling Tools International: debt maturities by year (FY2025)Drilling Tools International: debt maturities by year (FY2025)$6.0MYear 1$6.1MYear 2$6.2MYear 3$27.6MYear 4
Principal due in each year as disclosed in the annual report, against $3.0M of cash and investments now.

Where the cash came from and went

Drilling Tools International: sources (+) and uses (−) of cash, Q3 2026Drilling Tools International: sources (+) and uses (−) of cash, Q3 2026Capital spending−$5.7MOther investing$4.5MAsset & business sales$4.0MNet borrowing (+) / repaid (−)−$3.6MOperating cash flow$1.4MCash drawn (+) / kept (−)−$445KOther financing−$228KExchange rates$12KShares issued−$1K
Drilling Tools International: sources (+) and uses (−) of cash, TTM to Q3 2026Drilling Tools International: sources (+) and uses (−) of cash, 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 profit to cash

Drilling Tools International: net income to operating cash flow, Q3 2026Drilling Tools International: net income to operating cash flow, Q3 2026Net income−$2.6MDepreciation & amortization$7.0MStock-based pay$929KDeferred taxes−$680KReceivables−$1.2MInventory−$120KPayables$1.1MAccrued liabilities$257KPrepaid and other assets−$50KOperating cash flow$1.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$1.4M−$5.7M——−$3.6M−$1K−$445K−$4.3M
Q2 2026−$2.3M−$4.2M——$2.9M$41K$320K−$6.5M
Q1 2026−$3.2M−$7.7M—−$706K$6.2M$60K$808K−$10.8M
Q4 2025$5.3M−$4.0M—−$113K−$5.2M—$725K$1.3M
Q3 2025$10.0M−$3.5M—−$544K−$5.4M—−$3.2M$6.4M
Q2 2025$2.2M−$7.6M−$3K−$608K$1.9M—$1.6M−$5.4M
Q1 2025$2.4M−$5.0M−$5.6M—$1.6M—$3.4M−$2.6M
Q4 2024−$3.7M−$3.2M−$8.6M—$4.5M—$5.8M−$6.9M

Drilling Tools International: income statement and cash flow

Drilling Tools International, Q3 2026: revenue $40.6M (+5% year over year), operating margin -7.7%. The chart follows the revenue to costs, profit and cash.

Drilling Tools International: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.