DWSN Dawson Geophysical Company - Common Stock
$2.60
Price · Aug 19, 2026
Fundamentals as of Aug 14, 2026
52W Range
$1–$8
19% of range
Analyst Rating
BUY
7 analysts
Price Target
—
P/E (TTM)
-26.0
ROE
—
Net Profit Margin
—
DWSN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.60
Market Cap
—
P/E (TTM)
-26.0
EPS (TTM)
$-0.06
Revenue (TTM)
$76M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$1 – $8
DWSN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$76M
2016-12-31
→
2025-12-31
EPS
$-0.06
2016-12-31
→
2025-12-31
Free Cash Flow
—
2016-12-31
→
2024-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
DWSN
Peer Median
P/E (TTM)
-26.0
19.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
DWSN
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
DWSN
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
DWSN
Peer Median
Revenue YoY
2.0%
—
Revenue CAGR 3Y
13.6%
—
Revenue CAGR 5Y
-2.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
DWSN
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| April 19, 2024 | $0.3200 |
| Dec. 13, 2012 | $0.4082 |
DWSN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 4 57.1%
- Hold 1 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2019 | $-0.49 | $-0.42 | -0.07% |
| March 31, 2019 | $-0.01 | $-0.26 | 0.24% |
| Dec. 31, 2018 | $-0.51 | $-0.20 | -0.31% |
| Sept. 30, 2018 | $-0.23 | $-0.26 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DWSN | — | -26.0 | 2.0% | — | — | — |
| TUSK | $89M | 18.5 | -2.9% | 10.4% | 1.8% | — |
| BOOM | $144M | -7.4 | -5.1% | -2.2% | -5.5% | 22.2% |
| NCSM | $101M | 4.6 | 13.0% | 12.9% | 21.1% | — |
| DTI | $87M | -22.3 | 3.4% | -2.4% | -3.1% | — |
| GEOS | $243M | -24.9 | -18.3% | -8.8% | -7.5% | 29.7% |
| MIND | $82M | -8.0 | -12.6% | 1.8% | 2.1% | 45.6% |
| KLXE | $36M | -0.5 | -10.2% | -12.1% | 127.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $76M | $74M | $97M | $52M | $25M | $86M | $146M | $154M | $157M | $138M | $235M | · | |
| Cost of Revenue | $63M | $63M | $87M | $47M | $29M | $69M | $123M | $133M | $139M | · | · | $102M | |
| SG&A Expense | $9M | $10M | $13M | $15M | $12M | $14M | $17M | $16M | $16M | $17M | $23M | $12M | |
| Operating Expenses | $77M | $79M | $110M | $74M | $54M | $100M | $162M | $179M | $194M | $185M | $275M | $132M | |
| Operating Income | $-2M | $-5M | $-13M | $-22M | $-29M | $-14M | $-16M | $-25M | $-38M | $-47M | $-41M | $-14M | |
| Interest Expense | · | · | $103.0K | $31.0K | $21.0K | $83.0K | $435.0K | $408.0K | $158.0K | $260.0K | $609.0K | $677.7K | |
| Interest Income | $117.0K | $308.0K | $576.0K | $317.0K | $220.0K | $402.0K | $548.0K | $400.0K | $306.0K | $347.0K | · | · | |
| Other Non-op | $148.0K | $288.0K | $354.0K | $411.0K | $-86.0K | $501.0K | $681.0K | $-170.0K | $712.0K | $3M | $1M | · | |
| Pretax Income | $-2M | $-4M | $-12M | $-19M | $-29M | $-13M | $-15M | $-25M | $-37M | $-44M | $-40M | $-14M | |
| Income Tax | $6.0K | $7.0K | $-96.0K | $107.0K | $-26.0K | $24.0K | $-239.0K | $-798.0K | $-5M | $-6M | $-14M | $-5M | |
| Net Income | $-2M | $-4M | $-12M | $-19M | $-29M | $-13M | $-15M | $-24M | $-32M | $-38M | $-26M | · | |
| EPS (Basic) | $-0.06 | $-0.13 | $-0.45 | $-0.75 | $-1.23 | $-0.56 | $-0.66 | $-1.07 | $-1.40 | $-1.69 | $-1.27 | $-1.30 | |
| EPS (Diluted) | $-0.06 | $-0.13 | $-0.45 | $-0.75 | $-1.23 | $-0.56 | $-0.66 | $-1.07 | $-1.40 | $-1.69 | $-1.27 | $-1.30 | |
| Shares (Basic) | 31,016,792 | 30,879,855 | 26,752,055 | 24,971,031 | 23,570,455 | 23,382,433 | 23,179,257 | 22,912,217 | 22,779,377 | 22,692,139 | 20,688,185 | 7,322,358 | |
| Shares (Diluted) | 31,016,792 | 30,879,855 | 26,752,055 | 24,971,031 | 23,570,455 | 23,382,433 | 23,179,257 | 22,912,217 | 22,779,377 | 22,692,139 | 20,688,185 | 7,322,358 | |
| EBITDA | · | $1M | $-5M | · | · | $3M | $6M | $5M | $2M | $-49M | $-41M | $-14M |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5M | $1M | $11M | $19M | $25M | $41M | $26M | $29M | $22M | $15M | $37M | $15M | |
| Short-term Investments | $370.0K | $0 | $265.0K | $265.0K | $265.0K | $583.0K | $2M | $11M | $17M | $40M | · | · | |
| Receivables | $9M | $10M | $13M | $8M | $9M | $7M | $24M | $25M | $33M | $16M | $36M | $37M | |
| Prepaid Expense | $7M | $3M | $9M | $9M | $3M | $5M | $8M | $12M | $7M | $7M | $6M | $6M | |
| Other Current Assets | $893.0K | $1M | $1M | $1M | $1M | · | · | · | · | · | · | · | |
| Current Assets | $22M | $15M | $37M | $44M | $43M | $59M | $66M | $77M | $80M | $76M | $100M | $89M | |
| PP&E (Net) | · | · | · | · | · | $39M | $54M | $72M | $87M | $111M | $148M | $158M | |
| PP&E (Gross) | · | · | · | · | · | $271M | $285M | $294M | $308M | $325M | $346M | $339M | |
| Accum. Depreciation | · | · | · | · | · | $233M | $231M | $222M | $221M | $214M | $198M | $181M | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | · | $201.5K | |
| Intangibles | $364.0K | $348.0K | $377.0K | $369.0K | $395.0K | $393.0K | $385.0K | $379.0K | $494.0K | $487.0K | $361.0K | · | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | · | · | $73.9K | |
| Total Assets | $56M | $31M | $58M | $69M | $74M | $103M | $128M | $151M | $168M | $188M | $248M | $247M | |
| Accounts Payable | $10M | $3M | $4M | $4M | $3M | $2M | $4M | $5M | $6M | $6M | $8M | $6M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | $7M | |
| Current Liabilities | $27M | $10M | $22M | $16M | $8M | $7M | $18M | $27M | $20M | $15M | $29M | $20M | |
| Capital Leases | $2M | $2M | $2M | $3M | $4M | $5M | $6M | · | · | · | · | $417.4K | |
| Deferred Tax | $17.0K | $16.0K | $15.0K | $137.0K | $20.0K | $19.0K | · | $134.0K | $874.0K | $146.0K | $5M | $29M | |
| Total Liabilities | $40M | $14M | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $7M | |
| Common Stock | $311.0K | $310.0K | $308.0K | $238.0K | $237.0K | $235.0K | $233.0K | $230.0K | $229.0K | $228.0K | $216.0K | $142.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | $143M | $142M | $99M | |
| Retained Earnings | $-140M | $-138M | $-124M | $-112M | $-92M | $-63M | $-50M | $-35M | $-10M | $22M | $69M | $95M | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | · | $1M | |
| AOCI | $-2M | $-2M | $-2M | $-2M | $-1M | $-1M | $-2M | $-2M | $-780.0K | $-2M | $-2M | $-344.0K | |
| Stockholders' Equity | $16M | $17M | $31M | $49M | $62M | $91M | $103M | $117M | $141M | $171M | $210M | $194M | |
| Liabilities + Equity | $56M | $31M | $58M | $69M | $74M | $103M | $128M | $151M | $168M | $188M | $248M | $247M | |
| Shares Outstanding | 31,052,840 | 30,983,437 | 30,812,329 | 23,812,329 | 23,692,379 | 23,526,517 | 23,335,855 | 23,018,441 | 22,926,805 | 22,795,039 | 22,719,498 | 14,216,540 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $6M | $8M | $12M | $13M | $17M | $22M | $30M | $39M | $44M | $47M | $19M | |
| Stock-based Comp | $130.0K | $473.0K | · | $413.0K | $479.0K | $703.0K | $1M | $1M | $976.0K | $879.0K | $1M | $688.1K | |
| Deferred Tax | · | $1.0K | $-121.0K | $116.0K | $1.0K | $10.0K | $-23.0K | $-757.0K | $763.0K | $-6M | $-14M | $-6M | |
| Other Non-cash | · | $-4M | $5M | · | · | $15M | $2M | $7M | $-16M | · | · | · | |
| Operating Cash Flow | $14M | $-2M | $814.0K | $-3M | $-16M | $20M | $9M | $13M | $-7M | $9M | $21M | $9M | |
| CapEx | $7M | $2M | $4M | $1M | $505.0K | $3M | $4M | $16M | $9M | $8M | $7M | $1M | |
| Investing Cash Flow | $-7M | $-735.0K | $-5M | $-1M | $264.0K | $-512.0K | $4M | $-9M | $17M | $-23M | $16M | · | |
| Dividends Paid | · | $10M | · | · | · | · | · | $1.0K | · | · | · | · | |
| Financing Cash Flow | $-4M | $-12M | $-4M | $-2M | $95.0K | $-5M | $-11M | $3M | $-3M | $-8M | $-14M | · | |
| Net Change in Cash | $4M | $-14M | $-8M | $-7M | $-16M | $15M | $3M | $7M | $7M | $-22M | $22M | · | |
| Taxes Paid | $-61.0K | $42.0K | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $-4M | $-3M | · | · | $17M | $5M | $-3M | $-15M | $491.0K | $14M | $8M | |
| Levered FCF | · | · | $-3M | · | · | $17M | $5M | $-3M | $-16M | $267.3K | $13M | $7M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | -6.1% | -13.8% | · | · | -16.2% | -11.1% | -16.2% | -23.8% | -37.1% | -17.3% | · | |
| Net Margin | · | -5.5% | -12.5% | · | · | -15.3% | -10.4% | -15.8% | -19.9% | -29.8% | -11.2% | · | |
| Pretax Margin | · | -5.5% | -12.6% | · | · | -15.3% | -10.6% | -16.4% | -23.3% | -34.7% | -17.1% | · | |
| EBITDA Margin | · | 1.6% | -5.0% | · | · | 3.7% | 3.8% | 3.2% | 1.1% | -37.1% | -17.3% | · | |
| ROA | · | -9.3% | -19.2% | · | · | -11.4% | -10.9% | -15.3% | -17.7% | -18.3% | -10.6% | · | |
| ROE | · | -23.2% | -37.5% | · | · | -14.0% | -14.4% | -19.8% | -20.0% | -20.9% | -13.0% | · | |
| ROIC | · | -26.4% | -42.1% | · | · | -15.4% | -15.5% | -20.7% | -22.7% | -24.9% | -12.7% | -14.1% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.5 | 1.7 | · | · | 7.9 | 3.6 | 2.8 | 4.3 | 5.0 | 3.5 | 1.6 | |
| Quick Ratio | · | 1.1 | 1.1 | · | · | 6.6 | 2.9 | 2.4 | 4.0 | 2.0 | 2.5 | 1.4 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.1 | |
| Interest Coverage | · | · | -129.4 | · | · | -168.6 | -37.3 | -61.3 | -237.0 | -190.1 | -66.8 | -20.0 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 1.7 | 1.5 | · | · | 0.7 | 1.0 | 1.0 | 0.9 | 0.6 | 0.9 | · | |
| Receivables Turnover | · | 6.5 | 10.3 | · | · | 5.4 | 5.9 | 5.3 | 6.4 | 5.2 | 6.4 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.0% | -23.4% | 87.6% | 109.1% | -71.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 13.6% | 44.3% | 4.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -2.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $76M | $74M | $97M | $52M | $25M | $86M | $146M | $154M | $157M | $138M | $235M | · | |
| Net Income TTM | $-2M | $-4M | $-12M | $-19M | $-29M | $-13M | $-15M | $-24M | $-32M | $-38M | $-26M | $-15M | |
| Market Cap | · | $42M | $56M | · | · | $50M | $56M | $78M | $103M | $166M | $71M | $46M | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $41M | |
| P/E | -26.0 | -10.3 | -4.1 | -2.6 | -1.9 | -3.8 | -3.6 | -3.2 | -3.4 | -4.5 | -2.6 | -4.7 | |
| P/S | · | 0.6 | 0.6 | · | · | 0.6 | 0.4 | 0.5 | 0.7 | 1.2 | 0.3 | · | |
| P/B | · | 2.4 | 1.8 | · | · | 0.5 | 0.5 | 0.7 | 0.7 | 1.0 | 0.3 | 0.8 | |
| P / Tangible Book | 3.1 | 2.5 | 1.8 | 1.0 | 0.9 | 0.5 | · | · | · | · | · | · | |
| P / Cash Flow | · | -22.2 | 69.3 | · | · | 2.5 | 5.9 | 6.0 | -15.4 | 19.0 | 3.5 | 4.9 | |
| P / FCF | · | -11.1 | -19.4 | · | · | 3.0 | 11.0 | -27.0 | -6.7 | 337.7 | 5.2 | 5.8 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | -3.1 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | · | 5.3 | |
| Dividend Yield | · | 23.8% | · | · | · | · | · | 0.00% | · | · | · | · | |
| Earnings Yield | -3.9% | -9.7% | -24.6% | -38.3% | -53.0% | -26.4% | -27.5% | -31.7% | -29.6% | -22.1% | -38.5% | -21.1% | |
| Payout Ratio | · | -239.4% | · | · | · | · | · | 0.00% | · | · | · | · | |
| Annual Payout | · | $10M | · | · | · | · | · | $1.0K | · | · | · | · |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18M | $37M | $27M | $23M | $10M | $16M | $16M | $14M | $13M | $32M | $24M | $23M | $20M | $29M | $18M | $7M | |
| Cost of Revenue | $15M | $24M | $22M | $20M | $9M | $12M | $13M | $16M | $12M | $22M | $19M | $24M | $20M | $24M | $17M | $9M | |
| SG&A Expense | $4M | $3M | $3M | $2M | $2M | $2M | $3M | $3M | $2M | $2M | $4M | $2M | $3M | $3M | $4M | $3M | |
| Operating Expenses | $21M | $29M | $26M | $24M | $12M | $15M | $16M | $20M | $16M | $26M | $26M | $29M | $25M | $30M | $23M | $14M | |
| Operating Income | $-3M | $8M | $845.0K | $-1M | $-2M | $1M | $-834.0K | $-6M | $-4M | $6M | $-2M | $-6M | $-5M | $-573.0K | $-6M | $-7M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $46.0K | · | $22.0K | $14.0K | $17.0K | $7.0K | $4.0K | |
| Interest Income | $32.0K | $9.0K | $19.0K | $59.0K | $35.0K | $4.0K | $18.0K | $72.0K | $105.0K | $113.0K | $140.0K | $192.0K | $136.0K | $108.0K | $170.0K | $91.0K | |
| Other Non-op | $-2.0K | $23.0K | $36.0K | $41.0K | $38.0K | $33.0K | $24.0K | $59.0K | $26.0K | $179.0K | $-168.0K | $327.0K | $143.0K | $52.0K | $57.0K | $42.0K | |
| Pretax Income | $-3M | $8M | $569.0K | $-1M | $-2M | $995.0K | $-831.0K | $-6M | $-4M | $6M | $-2M | $-5M | $-5M | $-430.0K | $-3M | $-7M | |
| Income Tax | $15.0K | $10.0K | $0 | $10.0K | $-7.0K | $3.0K | $-29.0K | $-35.0K | $-131.0K | $202.0K | $0 | $3.0K | $-82.0K | $-17.0K | $107.0K | $-16.0K | |
| Net Income | $-3M | $8M | $569.0K | $-1M | $-2M | $992.0K | $-802.0K | $-6M | $-4M | $6M | $-2M | $-5M | $-4M | $-413.0K | $-3M | $-7M | |
| EPS (Basic) | $-0.11 | $0.25 | $0.03 | $-0.04 | $-0.08 | $0.03 | $-0.02 | $-0.18 | $-0.12 | $0.19 | $-0.05 | $-0.20 | $-0.18 | $-0.02 | $-0.11 | $-0.28 | |
| EPS (Diluted) | $-0.11 | $0.25 | $0.03 | $-0.04 | $-0.08 | $0.03 | $-0.02 | $-0.18 | $-0.12 | $0.19 | $-0.05 | $-0.20 | $-0.18 | $-0.02 | $-0.11 | $-0.28 | |
| Shares (Basic) | 31,052,871 | 31,052,840 | -62,001,383 | 31,047,801 | 30,986,929 | 30,983,445 | -61,654,694 | 30,906,777 | 30,815,443 | 30,812,329 | -49,386,721 | 26,137,648 | 25,000,564 | 25,000,564 | -49,739,256 | 25,000,564 | |
| Shares (Diluted) | 31,052,871 | 31,107,820 | -62,053,127 | 31,047,801 | 30,986,929 | 31,035,189 | -61,654,694 | 30,906,777 | 30,815,443 | 30,812,329 | -49,386,721 | 26,137,648 | 25,000,564 | 25,000,564 | -49,739,256 | 25,000,564 | |
| EBITDA | $-1M | $10M | · | $177.0K | $-1M | $2M | · | $-4M | $-2M | $7M | · | $-4M | $-3M | $2M | · | $-5M |
Balance Sheet 19
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6M | $1M | $5M | $5M | $16M | $3M | $1M | $7M | $11M | $11M | $11M | $14M | $18M | $11M | $19M | $19M | |
| Short-term Investments | $370.0K | $370.0K | $370.0K | · | · | · | $0 | · | $265.0K | $265.0K | $265.0K | $265.0K | $265.0K | $265.0K | $265.0K | $265.0K | |
| Receivables | $7M | $19M | $9M | $2M | $4M | $11M | $10M | $3M | $4M | $15M | $13M | $6M | $5M | $14M | $8M | $4M | |
| Prepaid Expense | $7M | $7M | $7M | $6M | $4M | $5M | $3M | $3M | $7M | $7M | $9M | $8M | $11M | $12M | $9M | $7M | |
| Other Current Assets | · | · | $893.0K | · | · | · | $1M | · | · | · | $1M | · | · | · | $1M | · | |
| Current Assets | $21M | $28M | $22M | $13M | $31M | $18M | $15M | $13M | $23M | $38M | $37M | $33M | $40M | $43M | $44M | $35M | |
| Intangibles | $352.0K | $359.0K | $364.0K | $359.0K | $367.0K | $347.0K | $348.0K | $370.0K | $365.0K | $369.0K | $377.0K | $368.0K | $377.0K | $370.0K | $369.0K | $361.0K | |
| Total Assets | $55M | $64M | $56M | $41M | $46M | $33M | $31M | $30M | $41M | $58M | $58M | $53M | $61M | $66M | $69M | $58M | |
| Accounts Payable | $7M | $9M | $10M | $6M | $3M | $4M | $3M | $3M | $3M | $5M | $4M | $5M | $5M | $7M | $4M | $4M | |
| Current Liabilities | $23M | $27M | $27M | $17M | $27M | $12M | $10M | $9M | $14M | $27M | $22M | $16M | $28M | $19M | $16M | $11M | |
| Capital Leases | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $4M | |
| Deferred Tax | $17.0K | $17.0K | $17.0K | $16.0K | $16.0K | $16.0K | $16.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $15.0K | $112.0K | $137.0K | $20.0K | |
| Total Liabilities | $35M | $41M | $40M | · | · | · | $14M | · | · | · | · | · | · | · | · | · | |
| Common Stock | $311.0K | $311.0K | $311.0K | $310.0K | $310.0K | $310.0K | $310.0K | $309.0K | $309.0K | $308.0K | $308.0K | $308.0K | $250.0K | $250.0K | $238.0K | $238.0K | |
| Retained Earnings | $-135M | $-132M | $-140M | $-140M | $-139M | $-137M | $-138M | $-137M | $-131M | $-128M | $-124M | $-122M | $-116M | $-112M | $-112M | $-110M | |
| AOCI | $-2M | $-2M | $-2M | $-2M | $-2M | $-3M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | |
| Stockholders' Equity | $20M | $23M | $16M | $15M | $16M | $18M | $17M | $18M | $24M | $27M | $31M | $33M | $29M | $33M | $49M | $44M | |
| Liabilities + Equity | $55M | $64M | $56M | $41M | $46M | $33M | $31M | $30M | $41M | $58M | $58M | $53M | $61M | $66M | $69M | $58M | |
| Shares Outstanding | 31,055,618 | 31,052,840 | 31,052,840 | 31,047,801 | 31,047,801 | 30,984,162 | 30,983,437 | 30,906,777 | 30,906,777 | 30,812,329 | 30,812,329 | 30,812,329 | 25,000,564 | 25,000,564 | 23,812,329 | 23,812,329 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | |
| Stock-based Comp | $69.0K | $47.0K | $43.0K | $0 | $43.0K | $44.0K | $169.0K | $45.0K | · | · | · | · | · | · | $0 | $45.0K | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $-96.0K | $-25.0K | $116.0K | · | |
| Other Non-cash | $8M | $-10M | · | · | · | $-555.0K | · | · | · | $-12M | · | · | · | $-4M | · | · | |
| Operating Cash Flow | $6M | $-465.0K | $2M | $-5M | $15M | $2M | $-5M | $-4M | $6M | $2M | $-2M | $-3M | $8M | $-2M | $-2M | $-2M | |
| CapEx | $219.0K | $1M | $714.0K | $5M | · | · | $308.0K | $69.0K | $804.0K | $684.0K | $1M | $602.0K | $415.0K | $2M | $792.0K | $542.0K | |
| Investing Cash Flow | $-156.0K | $-1M | $-1M | $-5M | $-490.0K | $185.0K | $175.0K | $344.0K | $-732.0K | $-522.0K | $-1M | $-460.0K | $-395.0K | $-3M | $-756.0K | $-380.0K | |
| Dividends Paid | · | · | · | · | · | · | $0 | $0 | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-2M | $-2M | $-1M | $-954.0K | $-866.0K | $-631.0K | $-213.0K | $-297.0K | $-10M | $-582.0K | $-478.0K | $-272.0K | $-230.0K | $-3M | $182.0K | $-2M | |
| Net Change in Cash | $4M | $-4M | $-174.0K | $-11M | $14M | $1M | $-6M | $-4M | $-5M | $690.0K | $-3M | $-4M | $7M | $-8M | $-2M | $-4M | |
| Free Cash Flow | · | $-2M | · | · | · | · | · | · | · | $1M | · | · | · | $-3M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $1M | · | · | · | $-3M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -16.9% | 22.2% | · | -5.1% | -24.1% | 6.4% | · | · | · | 18.2% | · | -24.8% | -23.6% | -1.9% | · | -219.0% | |
| Net Margin | -19.2% | 20.9% | · | -5.1% | -23.8% | 6.2% | · | · | · | 18.5% | · | -22.6% | -21.9% | -1.4% | · | -214.9% | |
| Pretax Margin | -19.1% | 20.9% | · | -5.0% | -23.9% | 6.2% | · | · | · | 19.1% | · | -22.6% | -22.3% | -1.5% | · | -215.4% | |
| EBITDA Margin | -5.8% | 27.6% | · | 0.78% | -12.2% | 14.3% | · | · | · | 23.2% | · | -16.0% | -13.2% | 7.2% | · | -151.9% | |
| ROA | -6.8% | 15.7% | · | -3.3% | -5.4% | 2.2% | · | -13.5% | -7.0% | 9.5% | · | -9.3% | -7.2% | -0.60% | · | -11.1% | |
| ROE | -18.9% | 36.8% | · | -6.9% | -11.7% | 4.4% | · | -21.8% | -13.5% | 19.4% | · | -13.5% | -10.9% | -0.89% | · | -13.5% | |
| ROIC | -15.2% | 34.8% | · | -7.8% | -14.4% | 5.6% | · | -31.6% | -15.6% | 20.4% | · | -17.1% | -16.2% | -1.7% | · | -17.7% |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.0 | · | 0.8 | 1.2 | 1.6 | · | 1.5 | 1.6 | 1.4 | · | 2.1 | 1.4 | 2.3 | · | 3.1 | |
| Quick Ratio | 0.6 | 0.8 | · | 0.4 | 0.7 | 1.2 | · | 1.1 | 1.1 | 1.0 | · | 1.3 | 0.8 | 1.4 | · | 2.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 124.8 | · | -258.7 | -341.2 | -33.7 | · | -1937.0 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.8 | · | 0.6 | 0.2 | 0.4 | · | · | · | 0.5 | · | 0.4 | 0.3 | 0.4 | · | 0.1 | |
| Receivables Turnover | 3.3 | 2.4 | · | 9.2 | 2.5 | 1.2 | · | · | · | 2.2 | · | 4.6 | 5.6 | 1.8 | · | 1.6 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $87M | $85M | · | $63M | $53M | $75M | · | $81M | $87M | $104M | · | $80M | $62M | $64M | · | $36M | |
| Net Income TTM | $719.0K | $5M | · | $-8M | $-11M | $-2M | · | $-9M | $-7M | $-4M | · | $-17M | $-19M | $-16M | · | $-24M | |
| Market Cap | $184M | $107M | · | $55M | $45M | $38M | · | $49M | $60M | $44M | · | $71M | $51M | $39M | · | $38M | |
| P/E | 297.0 | 21.6 | · | -6.5 | -4.2 | -15.4 | · | -5.1 | -6.3 | -6.8 | · | -3.4 | -2.6 | -2.3 | · | -1.6 | |
| P/S | 2.1 | 1.3 | · | 0.9 | 0.9 | 0.5 | · | 0.6 | 0.7 | 0.4 | · | 0.9 | 0.8 | 0.6 | · | 1.1 | |
| P/B | 9.2 | 4.6 | · | 3.6 | 2.8 | 2.1 | · | 2.7 | 2.5 | 1.6 | · | 2.1 | 1.8 | 1.2 | · | 0.9 | |
| P / Tangible Book | 9.4 | 4.7 | · | 3.7 | 2.8 | 2.1 | · | 2.7 | 2.6 | 1.6 | · | 2.2 | 1.8 | 1.2 | · | 0.9 | |
| P / Cash Flow | 28.5 | -231.1 | · | · | · | 21.8 | · | · | · | 23.4 | · | · | · | -21.3 | · | · | |
| P / FCF | · | -56.6 | · | · | · | · | · | · | · | 36.9 | · | · | · | -11.3 | · | · | |
| Earnings Yield | 0.34% | 4.6% | · | -15.3% | -24.0% | -6.5% | · | -19.6% | -15.9% | -14.8% | · | -29.3% | -38.4% | -42.6% | · | -61.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $76M | $74M | $97M | $52M | $25M |
| Operating Margin % | — | -6.1% | -13.8% | — | — |
| Net Income | $-2M | $-4M | $-12M | $-19M | $-29M |
| Diluted EPS | $-0.06 | $-0.13 | $-0.45 | $-0.75 | $-1.23 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | — | 1.5 | 1.7 | — | — |
| Quick Ratio | — | 1.1 | 1.1 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-4M | $-3M | — | — |
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Institutional owners (13F) 42 filers · $11.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 14 (+2 vs prior Q) | 5 (-4 vs prior Q) | 5 (-1 vs prior Q) | 6 (-1 vs prior Q) | +162K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| GRACE & WHITE INC /NY | $4,175,327 | 702,917 | 35.98% | Shares |
| RBF Capital, LLC | $2,517,354 | 423,797 | 21.69% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $931,849 | 156,877 | 8.03% | Shares |
| GABELLI FUNDS LLC | $862,488 | 145,200 | 7.43% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $418,933 | 70,515 | 3.61% | Shares |
| Hillsdale Investment Management Inc. | $323,160 | 54,404 | 2.78% | Shares |
| US BANCORP \DE\ | $317,451 | 53,443 | 2.74% | Shares |
| CITADEL ADVISORS LLC | $238,657 | 40,178 | 2.06% | Shares |
| PINNACLE ASSOCIATES LTD | $227,858 | 38,360 | 1.96% | Shares |
| TWO SIGMA INVESTMENTS, LP | $202,055 | 34,016 | 1.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $197,327 | 33,220 | 1.70% | Shares |
| STATE STREET CORP | $171,607 | 28,890 | 1.48% | Shares |
| SALEM INVESTMENT COUNSELORS INC | $155,777 | 26,225 | 1.34% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $128,957 | 21,710 | 1.11% | Shares |
| Teton Advisors, LLC | $118,800 | 20,000 | 1.02% | Shares |
| SANDERS MORRIS HARRIS LLC | $118,800 | 20,000 | 1.02% | Shares |
| KINGSWOOD WEALTH ADVISORS, LLC | $84,514 | 14,228 | 0.73% | Shares |
| NORTHERN TRUST CORP | $81,633 | 13,743 | 0.70% | Shares |
| JANE STREET GROUP, LLC | $79,002 | 13,300 | 0.68% | Shares |
| RAYMOND JAMES FINANCIAL INC | $62,922 | 10,593 | 0.54% | Shares |
| VANGUARD GROUP INC | $51,823 | 33,220 | 0.45% | Shares |
| MARSHALL WACE, LLP | $39,805 | 6,701 | 0.34% | Shares |
| Teton Advisors, Inc. | $29,200 | 20,000 | 0.25% | Shares |
| Integrated Wealth Concepts LLC | $26,730 | 4,500 | 0.23% | Shares |
| MCGUIRE CAPITAL ADVISORS INC | $11,880 | 2,000 | 0.10% | Shares |
| UBS Group AG | $7,128 | 1,200 | 0.06% | Shares |
| BlackRock, Inc. | $6,795 | 1,144 | 0.06% | Shares |
| MORGAN STANLEY | $4,461 | 751 | 0.04% | Shares |
| Allworth Financial LP | $3,933 | 662 | 0.03% | Shares |
| BARCLAYS PLC | $2,412 | 406 | 0.02% | Shares |
| TOTH FINANCIAL ADVISORY CORP | $1,485 | 250 | 0.01% | Shares |
| Wilkerson Advisory Group LLC | $891 | 150 | 0.01% | Shares |
| SBI Securities Co., Ltd. | $891 | 150 | 0.01% | Shares |
| JPMORGAN CHASE & CO | $702 | 124 | 0.01% | Shares |
| Rialto Wealth Management, LLC | $666 | 112 | 0.01% | Shares |
| HARBOUR INVESTMENTS, INC. | $653 | 110 | 0.01% | Shares |
| Strategic Wealth Partners, Ltd. | $594 | 100 | 0.01% | Shares |
| GSA CAPITAL PARTNERS LLP | $209 | 35,161 | 0.00% | Shares |
| HRT FINANCIAL LP | $62 | 10,536 | 0.00% | Shares |
| Tower Research Capital LLC (TRC) | $59 | 10 | 0.00% | Shares |
| PIN OAK INVESTMENT ADVISORS INC | $25 | 7,072 | 0.00% | Shares |
| WELLS FARGO & COMPANY/MN | $5 | 1 | 0.00% | Shares |
Company insiders 29 insiders · 8 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Anthony Clark | CEO & President | Oct. 27, 2025 A | 151,850 | 0 | 0 | $0 |
| Stephen C Jumper | President/CEO | Aug. 16, 2022 D | 0 | 0 | 0 | $0 |
| Ian M. Shaw | Chief Financial Officer | Aug. 18, 2025 A | 20,000 | 0 | 0 | $0 |
| James Kevin Brata | EVP, Chief Financial Officer | Aug. 16, 2022 D | 0 | 0 | 0 | $0 |
| Ray L Mays | EVP & Chief Operating Officer | June 30, 2026 A | 108,650 | 0 | 0 | $0 |
| Ray C Tobias | EVP, Chief Operating Officer | Aug. 16, 2022 D | 0 | 0 | 0 | $0 |
| Christina W Hagan | EVP, Chief Accounting Officer | May 12, 2016 F | 115,908 | 0 | 0 | $0 |
| Kenneth W Uselton | Secretary and Treasurer | Aug. 7, 2006 A | 18,686 | 0 | 0 | $0 |
| Sergei Krylov | Director | May 20, 2025 A | 28,415 | 0 | 0 | $0 |
| Jose Carlos Fernandes | Director | Oct. 1, 2024 A | 19,165 | 0 | 0 | $0 |
| Albert S. Conly | Director | Oct. 1, 2024 A | 19,165 | 0 | 0 | $0 |
| Bruce Franklin Bradley | Director | Oct. 1, 2024 A | 19,165 | 0 | 0 | $0 |
| Michael L Klofas | Director | Jan. 18, 2022 D | 0 | 0 | 0 | $0 |
| Craig W Cooper | Director | Jan. 18, 2022 D | 0 | 0 | 0 | $0 |
| Ted R North | Director | Jan. 18, 2022 D | 0 | 0 | 0 | $0 |
| Gary M Hoover | Director | Dec. 31, 2019 A | 84,371 | 0 | 0 | $0 |
| William J Barrett | Director | Dec. 31, 2019 A | 786,510 | 0 | 0 | $0 |
| Wayne A Whitener | Director | May 30, 2019 F | 43,669 | 0 | 0 | $0 |
| Allen T Mcinnes | Director | May 30, 2018 A | 386,937 | 0 | 0 | $0 |
| Herbert M Gardner | Director | Oct. 3, 2014 M | 724,830 | 0 | 0 | $0 |
| Stephanie P Hurtt | Director | July 31, 2014 A | 313,637 | 0 | 0 | $0 |
| Edward L Flynn | Director | July 31, 2014 A | 1,323,889 | 0 | 0 | $0 |
| William C Hurtt JR | Director | May 5, 2006 G | 746,135 | 0 | 0 | $0 |
| Issam M Fares | 10% owner | Feb. 23, 2004 S | 0 | 0 | 0 | $0 |
| WEDGE ENERGY SERVICES LLC | 10% owner | Feb. 23, 2004 S | 0 | 0 | 0 | $0 |
| Farris Wilks | — | Dec. 31, 2025 J | — | 0 | 0 | $0 |
| Ploeg Mark A Vander | — | Jan. 18, 2022 D | 0 | 0 | 0 | $0 |
| James W Thomas | — | Aug. 10, 2020 F | 67,430 | 0 | 0 | $0 |
| Daniel G Winn | — | Feb. 15, 2017 A | 29,121 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Dan Wilks, Staci Wilks, Wilks Brothers, LLC, Farris Wilks, WB Acquisitions Inc. ×6 filings | Jan. 5, 2026 | 79.42% | Amendment | — | SEC |
| Matthew D. Wilks, Sergei Krylov, Dan Wilks, Staci Wilks, Wilks Brothers, LLC, Farris Wilks, WB Acquisitions Inc. ×2 filings | Oct. 30, 2023 | — | Initial filing | — | SEC |
| John M. Schneider (1) --------------------------------------------------------------------------- (2), DHARMA GROUP INVESMENT LLC --------------------------------------------------------------------------- (2) | Oct. 8, 2021 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Feb. 17, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Jan. 19, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 5 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IWC · iShares Trust | 0.01% | 20,811 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 4,226 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 805 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 72,905 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 83,972 SH | Aug. 8, 2026 | Daily |