Filing Flows › Drilling Tools International (DTI) › Q2 2026
Drilling Tools International (DTI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Drilling Tools International (DTI) reported revenue of $38.1M for the second quarter 2026 (Q2 2026), -3% from a year earlier and +0.3% from the quarter before. Operating margin was -4.9%, net loss $1.8M (4.7% of revenue).
Drilling Tools International, Q2 2026: revenue $38.1M (-3% year over year), operating margin -4.9%, net loss $1.8M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.1M | +0.3% | -3% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$2.3M | — | -205% |
What changed
Revenue was $38.1M in Q2 2026, down 3% year over year and roughly flat from the previous quarter. Tool Rental was the largest line at 78% of revenue. Tool Rental lost $3.2M year over year (down 10%), 236% of the total change.
Operating costs exceeded revenue by $1.9M, an operating margin of -4.9%. Total costs fell 3% while revenue fell 3%. The quarter ended with a net loss of $1.8M, wider than the previous quarter's $1.5M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $6.9M of depreciation and amortization and $908K of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$6.5M.
Questions
What was Drilling Tools International's revenue in the second quarter 2026?
Drilling Tools International (DTI) reported revenue of $38.1M for the second quarter 2026 (Q2 2026), -3% from a year earlier and +0.3% from the quarter before.
Was Drilling Tools International profitable in the second quarter 2026?
Operating loss was $1.9M (-4.9% of revenue) and net loss $1.8M.