Filing Flows › Dawson Geophysical (DWSN) › Q1 2026 › vs Q1 2025
Dawson Geophysical (DWSN) Q1 2026 vs Q1 2025 (year over year)
Dawson Geophysical's revenue rose $20.6M (+128%) from $16.1M in Q1 2025 to $36.7M in Q1 2026. The biggest changes: Fee Revenue +$17.2M (+113%); Reimbursable Revenue +$3.4M (+412%). Operating margin 22.2% against 6.4% (+15.7 pts).
Dawson Geophysical, Q1 2026: revenue $36.7M (+128% year over year), operating margin 22.2%, net earnings $7.7M, operating cash flow −$465K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.2% | 6.4% | +15.7 pts |
| Net margin | 20.9% | 6.2% | +14.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Fee Revenue | $32.5M | $15.3M | $17.2M | +113% |
| Reimbursable Revenue | $4.2M | $819K | $3.4M | +412% |
| Revenue | $36.7M | $16.1M | $20.6M | +128% |
| Operating profit | $8.1M | $1.0M | $7.1M | +687% |
| Costs & expenses | $28.6M | $15.0M | $13.5M | +90% |
| Pre-tax earnings | $7.7M | $995K | $6.7M | +671% |
| Other expense, net | $469K | $39K | $430K | 12× |
| Cost of revenue | $23.6M | $11.8M | $11.8M | +101% |
| General & admin | $2.9M | $2.0M | $947K | +47% |
| Other operating costs | $2.0M | $1.3M | $726K | +57% |
| Net earnings | $7.7M | $992K | $6.7M | +672% |
| Income tax | $10K | $3K | $7K | +233% |
| Operating cash sources | $10.2M | $555K | $9.6M | 18× |
| Depreciation & amortization | $2.0M | $1.3M | $726K | +57% |
| Share-based compensation | $47K | $44K | $3K | +7% |
| Cash used in operations | $465K | −$1.8M | $2.2M | — |
| Working capital & other | $10.2M | $555K | $9.6M | 18× |
Questions
How much did Dawson Geophysical's revenue grow year over year in Q1 2026?
Dawson Geophysical's revenue rose $20.6M (+128%) from $16.1M in Q1 2025 to $36.7M in Q1 2026.
What drove Dawson Geophysical's revenue change in Q1 2026?
Fee Revenue +$17.2M (+113%); Reimbursable Revenue +$3.4M (+412%).