Filing Flows › Drilling Tools International (DTI) › Q3 2025
Drilling Tools International (DTI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Drilling Tools International (DTI) reported revenue of $38.8M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was -1.2%, net loss $904K (2.3% of revenue).
Drilling Tools International, Q3 2025: revenue $38.8M (-3% year over year), operating margin -1.2%, net loss $904K, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.8M | -2% | -3% |
| Operating profit | −$467K | — | — |
| Net earnings | −$904K | — | — |
| Operating cash flow | $10.0M | +354% | +87% |
| Free cash flow | $6.4M | — | +227% |
What changed
Revenue was $38.8M in Q3 2025, down 3% year over year and down 2% from the previous quarter. Tool Rental was the largest line at 82% of revenue. Product lost $5.0M year over year (down 42%), 393% of the total change.
Operating costs exceeded revenue by $467K, an operating margin of -1.2%. Total costs grew 10% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+18%). The quarter ended with a net loss of $904K, narrower than the previous quarter's $2.4M loss.
Operating cash flow was $10.0M (up 87% year over year). Non-cash charges added back $6.8M of depreciation and amortization and $637K of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $3.5M left free cash flow of $6.4M.
Questions
What was Drilling Tools International's revenue in the third quarter 2025?
Drilling Tools International (DTI) reported revenue of $38.8M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -2% from the quarter before.
Was Drilling Tools International profitable in the third quarter 2025?
Operating loss was $467K (-1.2% of revenue) and net loss $904K.