Filing Flows › Dawson Geophysical (DWSN) › Q2 2026 › vs Q1 2026
Dawson Geophysical (DWSN) Q2 2026 vs Q1 2026 (quarter over quarter)
Dawson Geophysical's revenue fell $18.8M (-51%) from $36.7M in Q1 2026 to $17.9M in Q2 2026. The biggest changes: Fee Revenue −$18.5M (-57%); Reimbursable Revenue −$285K (-7%).
Dawson Geophysical, Q2 2026: revenue $17.9M (+82% year over year), operating margin -16.9%, net loss $3.4M, operating cash flow $6.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 34.9% | -5.2% | +40.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Fee Revenue | $14.0M | $32.5M | −$18.5M | -57% |
| Reimbursable Revenue | $3.9M | $4.2M | −$285K | -7% |
| Revenue | $17.9M | $36.7M | −$18.8M | -51% |
| Net loss | $3.4M | −$7.7M | $11.1M | — |
| Costs & expenses | $21.4M | $36.7M | −$15.3M | -42% |
| Operating costs | $20.9M | $28.6M | −$7.6M | -27% |
| Interest & other, net | $396K | $469K | −$73K | -16% |
| Income tax | $15K | $10K | $5K | +50% |
| Cost of revenue | $15.3M | $23.6M | −$8.3M | -35% |
| General & admin | $3.7M | $2.9M | $711K | +24% |
| Other operating costs | $2.0M | $2.0M | −$12K | -0.6% |
| Operating cash sources | $9.9M | −$8.1M | $18.0M | — |
| Depreciation & amortization | $2.0M | $2.0M | −$12K | -0.6% |
| Share-based compensation | $69K | $47K | $22K | +47% |
| Working capital & other | $7.8M | −$10.2M | $18.0M | — |
| Net loss absorbed | $3.4M | −$7.7M | $11.1M | — |
| Operating cash flow | $6.5M | −$465K | $6.9M | — |
| Free cash flow (OCF − capex) | $6.2M | −$1.9M | $8.1M | — |
| Capital expenditures | $219K | $1.4M | −$1.2M | -85% |
Questions
How much did Dawson Geophysical's revenue grow quarter over quarter in Q2 2026?
Dawson Geophysical's revenue fell $18.8M (-51%) from $36.7M in Q1 2026 to $17.9M in Q2 2026.
What drove Dawson Geophysical's revenue change in Q2 2026?
Fee Revenue −$18.5M (-57%); Reimbursable Revenue −$285K (-7%).