Filing Flows › Dawson Geophysical (DWSN) › Q1 2025
Dawson Geophysical (DWSN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Dawson Geophysical (DWSN) reported revenue of $16.1M for the first quarter 2025 (Q1 2025), -49% from a year earlier and +3% from the quarter before. Operating margin was 6.4%, net earnings $992K (6.2% of revenue).
Dawson Geophysical, Q1 2025: revenue $16.1M (-49% year over year), operating margin 6.4%, net earnings $992K, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.1M | +3% | -49% |
| Operating profit | $1.0M | — | -82% |
| Net earnings | $992K | — | -83% |
| Operating cash flow | $1.8M | — | -6% |
What changed
Revenue was $16.1M in Q1 2025, down 49% year over year and up 3% from the previous quarter. Fee Revenue was the largest line at 95% of revenue. Fee Revenue lost $11.5M year over year (down 43%), 74% of the total change.
Operating profit was $1.0M, a 6.4% margin (down 11.9 points year over year). Total costs fell 42% while revenue fell 49%. Net earnings were $1.0M, down 83% year over year. The effective tax rate was 0.3%.
Operating cash flow was $1.8M (down 6% year over year), 177% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $44K of share-based compensation. Working capital and other items used $555K.
Questions
What was Dawson Geophysical's revenue in the first quarter 2025?
Dawson Geophysical (DWSN) reported revenue of $16.1M for the first quarter 2025 (Q1 2025), -49% from a year earlier and +3% from the quarter before.
Was Dawson Geophysical profitable in the first quarter 2025?
Operating profit was $1.0M (6.4% of revenue) and net earnings $992K.
Source: Dawson Geophysical 10-Q on SEC EDGAR.