Filing Flows › Dawson Geophysical (DWSN) › Q1 2026
Dawson Geophysical (DWSN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Dawson Geophysical (DWSN) reported revenue of $36.7M for the first quarter 2026 (Q1 2026), +128% from a year earlier and +36% from the quarter before. Operating margin was 22.2%, net earnings $7.7M (20.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.7M | +36% | +128% |
| Operating profit | $8.1M | +863% | +687% |
| Net earnings | $7.7M | 13× | +672% |
| Operating cash flow | −$465K | -122% | -127% |
What changed
Revenue was $36.7M in Q1 2026, up 128% year over year and up 36% from the previous quarter. Fee Revenue was the largest line at 89% of revenue. Fee Revenue added $17.2M year over year (up 113%), 84% of the total change.
Operating profit was $8.1M, a 22.2% margin (up 15.7 points year over year). Of the extra revenue versus Q1 2025, 34% reached operating profit, above the 6% margin then. Total costs grew 90% against revenue growth of 128%. The fastest-growing cost line was Cost of revenue (+101%). Net earnings were $7.7M, up 672% year over year. The effective tax rate was 0.1%.
Operating cash flow was −$465K. Non-cash charges added back $2.0M of depreciation and amortization and $47K of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Dawson Geophysical's revenue in the first quarter 2026?
Dawson Geophysical (DWSN) reported revenue of $36.7M for the first quarter 2026 (Q1 2026), +128% from a year earlier and +36% from the quarter before.
Was Dawson Geophysical profitable in the first quarter 2026?
Operating profit was $8.1M (22.2% of revenue) and net earnings $7.7M.
Source: Dawson Geophysical 10-Q on SEC EDGAR.