Filing Flows › Drilling Tools International (DTI) › Q1 2025
Drilling Tools International (DTI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Drilling Tools International (DTI) reported revenue of $42.9M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +8% from the quarter before. Operating margin was 7.7%, net loss $1.7M (3.9% of revenue).
Drilling Tools International, Q1 2025: revenue $42.9M (+16% year over year), operating margin 7.7%, net loss $1.7M, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.9M | +8% | +16% |
| Operating profit | $3.3M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | $2.4M | — | -27% |
What changed
Revenue was $42.9M in Q1 2025, up 16% year over year and up 8% from the previous quarter. Tool Rental was the largest line at 81% of revenue. Tool Rental added $4.6M year over year (up 15%), 77% of the total change.
Operating profit was $3.3M, a 7.7% margin (down 6.2 points year over year). Operating profit fell $1.8M even though revenue rose $5.9M versus a year earlier, so costs grew faster than sales. Total costs grew 24% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+29%). The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.3M loss. Net interest and other expense of $5.1M was the main reason.
Operating cash flow was $2.4M (down 27% year over year). Non-cash charges added back $6.7M of depreciation and amortization and $541K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Drilling Tools International's revenue in the first quarter 2025?
Drilling Tools International (DTI) reported revenue of $42.9M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +8% from the quarter before.
Was Drilling Tools International profitable in the first quarter 2025?
Operating profit was $3.3M (7.7% of revenue) and net loss $1.7M.