Filing Flows › Drilling Tools International (DTI) › Q2 2025
Drilling Tools International (DTI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Drilling Tools International (DTI) reported revenue of $39.4M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -8% from the quarter before. Operating margin was -4.2%, net loss $2.4M (6.1% of revenue).
Drilling Tools International, Q2 2025: revenue $39.4M (+5% year over year), operating margin -4.2%, net loss $2.4M, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.4M | -8% | +5% |
| Operating profit | −$1.7M | -150% | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | $2.2M | -10% | +103% |
What changed
Revenue was $39.4M in Q2 2025, up 5% year over year and down 8% from the previous quarter. Tool Rental was the largest line at 83% of revenue. Tool Rental added $4.4M year over year (up 16%), 235% of the total change. Product declined 28%.
Operating costs exceeded revenue by $1.7M, an operating margin of -4.2%. Total costs grew 16% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+28%). The quarter ended with a net loss of $2.4M, wider than the previous quarter's $1.7M loss.
Operating cash flow was $2.2M (up 103% year over year). Non-cash charges added back $6.8M of depreciation and amortization and $642K of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $7.6M exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Drilling Tools International's revenue in the second quarter 2025?
Drilling Tools International (DTI) reported revenue of $39.4M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -8% from the quarter before.
Was Drilling Tools International profitable in the second quarter 2025?
Operating loss was $1.7M (-4.2% of revenue) and net loss $2.4M.