Filing Flows › Drilling Tools International (DTI) › Q3 2026
Drilling Tools International (DTI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Drilling Tools International (DTI) reported revenue of $40.6M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +7% from the quarter before. Operating margin was -7.7%, net loss $2.6M (6.5% of revenue).
Drilling Tools International, Q3 2026: revenue $40.6M (+5% year over year), operating margin -7.7%, net loss $2.6M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.6M | +7% | +5% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | $1.4M | — | -85% |
What changed
Revenue was $40.6M in Q3 2026, up 5% year over year and up 7% from the previous quarter. Tool Rental was the largest line at 79% of revenue. Product added $1.7M year over year (up 25%), 94% of the total change.
Operating costs exceeded revenue by $3.1M, an operating margin of -7.7%. Total costs grew 11% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+19%). The quarter ended with a net loss of $2.6M, wider than the previous quarter's $1.8M loss.
Operating cash flow was $1.4M (down 85% year over year). Non-cash charges added back $7.0M of depreciation and amortization and $929K of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Drilling Tools International's revenue in the third quarter 2026?
Drilling Tools International (DTI) reported revenue of $40.6M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +7% from the quarter before.
Was Drilling Tools International profitable in the third quarter 2026?
Operating loss was $3.1M (-7.7% of revenue) and net loss $2.6M.