Filing Flows › Drilling Tools International (DTI) › Q1 2026
Drilling Tools International (DTI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Drilling Tools International (DTI) reported revenue of $38.0M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -1% from the quarter before. Operating margin was -5.5%, net loss $1.5M (4.1% of revenue).
Drilling Tools International, Q1 2026: revenue $38.0M (-12% year over year), operating margin -5.5%, net loss $1.5M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.0M | -1% | -11% |
| Operating profit | −$2.1M | -291% | -163% |
| Net earnings | −$1.5M | -226% | — |
| Operating cash flow | −$3.2M | -159% | -230% |
What changed
Revenue was $38.0M in Q1 2026, down 11% year over year and down 1% from the previous quarter. Tool Rental was the largest line at 76% of revenue. Tool Rental lost $5.6M year over year (down 16%), 114% of the total change.
Operating costs exceeded revenue by $2.1M, an operating margin of -5.5%. Total costs grew 1% against a revenue fall of 11%. The fastest-growing cost line was Other operating costs (+10%). The quarter ended with a net loss of $1.5M, after a profit of $1.2M the previous quarter.
Operating cash flow was −$3.2M. Non-cash charges added back $6.9M of depreciation and amortization and $719K of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $7.7M exceeded it, leaving free cash flow of −$10.8M.
Questions
What was Drilling Tools International's revenue in the first quarter 2026?
Drilling Tools International (DTI) reported revenue of $38.0M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -1% from the quarter before.
Was Drilling Tools International profitable in the first quarter 2026?
Operating loss was $2.1M (-5.5% of revenue) and net loss $1.5M.