Filing Flows › Dawson Geophysical (DWSN) › Q1 2026 › vs Q4 2025
Dawson Geophysical (DWSN) Q1 2026 vs Q4 2025 (quarter over quarter)
Dawson Geophysical's revenue rose $9.7M (+36%) from $26.9M in Q4 2025 to $36.7M in Q1 2026. The biggest changes: Fee Revenue +$9.6M (+42%); Reimbursable Revenue +$181K (+5%). Operating margin 22.2% against 3.1% (+19.0 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.2% | 3.1% | +19.0 pts |
| Net margin | 20.9% | 2.1% | +18.8 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Fee Revenue | $32.5M | $22.9M | $9.6M | +42% |
| Reimbursable Revenue | $4.2M | $4.0M | $181K | +5% |
| Revenue | $36.7M | $26.9M | $9.7M | +36% |
| Operating profit | $8.1M | $845K | $7.3M | +863% |
| Costs & expenses | $28.6M | $26.1M | $2.5M | +9% |
| Pre-tax earnings | $7.7M | $569K | $7.1M | 13× |
| Other expense, net | $469K | $276K | $193K | +70% |
| Cost of revenue | $23.6M | $21.7M | $2.0M | +9% |
| General & admin | $2.9M | $2.6M | $366K | +14% |
| Other operating costs | $2.0M | $1.9M | $121K | +6% |
| Net earnings | $7.7M | $569K | $7.1M | 13× |
| Income tax | $10K | $0 | $10K | — |
| Operating cash sources | $10.2M | $402K | $9.8M | 25× |
| Depreciation & amortization | $2.0M | $1.9M | $121K | +6% |
| Share-based compensation | $47K | $43K | $4K | +9% |
| Cash used in operations | $465K | −$2.1M | $2.6M | — |
| Working capital & other | $10.2M | $402K | $9.8M | 25× |
Questions
How much did Dawson Geophysical's revenue grow quarter over quarter in Q1 2026?
Dawson Geophysical's revenue rose $9.7M (+36%) from $26.9M in Q4 2025 to $36.7M in Q1 2026.
What drove Dawson Geophysical's revenue change in Q1 2026?
Fee Revenue +$9.6M (+42%); Reimbursable Revenue +$181K (+5%).