Dawson Geophysical Company (DWSN)
NASDAQ:DWSN
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Earnings Data
Report Date
May 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.03Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a number of clear operational and financial improvements: strong Q4 revenue growth (+67%), restoration of quarterly profitability, sizable increases in adjusted EBITDA (both quarter and year), $14 million of operating cash generated, a major equipment investment expanding capacity to over 180,000 channels, and continued cost discipline (G&A down 9%). Offsetting these positives are the remaining full-year net loss (-$1.9 million), a modest year-end cash balance ($4.9 million) after significant capex, relatively small field scale in Q4, no forward guidance, and some uncertainty around external demand drivers. Overall, the positive operational momentum, improved margins and strategic investments outweigh the outstanding challenges.Company Guidance
Strong Q4 Revenue Growth
Fee revenues for Q4 2025 were $22.9 million, up 67% versus $13.8 million in Q4 2024.
Quarterly Profitability Restored
Q4 2025 net income was $0.6 million ($0.02 per share) versus a net loss of $0.8 million ($0.03 per share) in Q4 2024.
Material Improvement in Adjusted EBITDA (Quarter)
Q4 2025 adjusted EBITDA was $3.3 million compared to $0.9 million in the prior-year quarter (approximately a 267% increase).
Full-Year Revenue Growth
Fiscal 2025 fee revenues were $61.9 million, an increase of 16% versus $53.5 million in 2024.
Significant Year-Over-Year Profitability Improvement
Fiscal 2025 adjusted EBITDA was $4.7 million versus $2.0 million in 2024, a 139% increase year-over-year; net loss improved to $1.9 million from $4.7 million (EPS improved from -$0.13 to -$0.06).
Strong Operating Cash Generation and Improved Liquidity
Generated $14.0 million in operating cash flow in 2025 and ended the year with $4.9 million in cash versus $1.4 million at the end of 2024 (cash balance increased ~250%).
Major Equipment Investment and Capacity Expansion
Purchased $24.2 million of new single-node channels (first deliveries Aug 2025, final delivery Jan 2026) and now have over 180,000 channels (legacy + new), increasing capacity and capability; new nodes weigh ~1 lb vs legacy ~10 lb.
Cost Discipline
Reduced general and administrative expenses by 9% in 2025 versus 2024, contributing to improved profitability metrics.
Balance Sheet Preparedness
Entered a revolving credit facility with a maximum lender commitment of $5 million, borrowing base of $4.9 million and no outstanding borrowings as of December 31, 2025.
Operational Momentum and Market Diversification
Increased crew activity (4 crews in Lower 48 and expanding Canadian crews into Q1 2026), high utilization in Q4, increased utilization and revenue in Q1 2026, and expansion into new end markets including carbon capture, geothermal and critical minerals with rising bid activity.
Prudent 2026 Capital Plan
Board approved a $3 million capital budget for 2026 (includes final payment of $0.9 million for single-node channel purchase paid in Jan 2026).
DWSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DWSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 30, 2026 | $2.64 | $3.46 | +31.06% |
Nov 12, 2025 | $2.06 | $2.01 | -2.43% |
Aug 12, 2025 | $1.36 | $1.36 | 0.00% |
May 13, 2025 | $1.29 | $1.25 | -3.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dawson Geophysical Company (DWSN) report earnings?
Dawson Geophysical Company (DWSN) is schdueled to report earning on May 18, 2026, Before Open (Confirmed).
What is Dawson Geophysical Company (DWSN) earnings time?
Dawson Geophysical Company (DWSN) earnings time is at May 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is DWSN EPS forecast?
Currently, no data Available