Dawson Geophysic Financials
This page shows Dawson Geophysic (DWSN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Dawson Geophysic has an operating margin of -6.1%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -13.5% the prior year.
Dawson Geophysic's revenue declined 23.4% year-over-year, from $96.8M to $74.2M. This contraction results in a growth score of 0/100.
Dawson Geophysic carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Dawson Geophysic's current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
While Dawson Geophysic generated -$1.9M in operating cash flow, capex of $1.9M consumed most of it, leaving -$3.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Dawson Geophysic passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Dawson Geophysic generates $0.45 in operating cash flow (-$1.9M OCF vs -$4.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Dawson Geophysic earns $-28.6 in operating income for every $1 of interest expense (-$4.5M vs $159K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Dawson Geophysic generated $74.2M in revenue in fiscal year 2024. This represents a decrease of 23.4% from the prior year.
Dawson Geophysic's EBITDA was $1.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 125.9% from the prior year.
Dawson Geophysic generated -$3.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 28.3% from the prior year.
Dawson Geophysic reported -$4.1M in net income in fiscal year 2024. This represents an increase of 66.1% from the prior year.
Dawson Geophysic earned $-0.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 71.1% from the prior year.
Dawson Geophysic held $1.4M in cash against $1.5M in long-term debt as of fiscal year 2024.
Dawson Geophysic had 31M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Dawson Geophysic's gross margin was 15.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the prior year.
Dawson Geophysic's operating margin was -6.1% in fiscal year 2024, reflecting core business profitability. This is up 7.4 percentage points from the prior year.
Dawson Geophysic's net profit margin was -5.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 7.0 percentage points from the prior year.
Dawson Geophysic invested $1.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 49.9% from the prior year.
DWSN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.7M+130.9% | $9.9M-38.7% | $16.1M+2.8% | $15.6M+25.0% | $12.5M-60.4% | $31.6M+30.2% | $24.3M+5.6% | $23.0M |
| Cost of Revenue | $20.5M+134.7% | $8.7M-26.0% | $11.8M-5.9% | $12.5M+1.0% | $12.4M-43.6% | $22.0M+16.7% | $18.8M-22.0% | $24.1M |
| Gross Profit | $2.3M+101.7% | $1.1M-73.6% | $4.3M+37.9% | $3.1M+2476.9% | $121K-98.7% | $9.6M+77.1% | $5.4M+559.3% | -$1.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.1M-9.5% | $2.3M+16.9% | $2.0M-5.6% | $2.1M-14.9% | $2.5M+11.2% | $2.2M-37.8% | $3.6M+43.8% | $2.5M |
| Operating Income | -$1.2M+50.6% | -$2.4M-329.3% | $1.0M+224.0% | -$834K+77.9% | -$3.8M-165.0% | $5.8M+386.1% | -$2.0M+64.4% | -$5.7M |
| Interest Expense | $71K+22.4% | $58K-23.7% | $76K+94.9% | $39K0.0% | $39K-15.2% | $46K-8.0% | $50K+127.3% | $22K |
| Income Tax | $10K+242.9% | -$7K-333.3% | $3K+110.3% | -$29K+77.9% | -$131K-164.9% | $202K | $0-100.0% | $3K |
| Net Income | -$1.2M+50.9% | -$2.3M-336.8% | $992K+223.7% | -$802K+77.4% | -$3.5M-160.7% | $5.8M+377.6% | -$2.1M+59.5% | -$5.2M |
| EPS (Diluted) | $-0.04+50.0% | $-0.08-366.7% | $0.03+250.0% | $-0.02+83.3% | $-0.12-163.2% | $0.19+480.0% | $-0.05+75.0% | $-0.20 |
DWSN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $40.6M-11.2% | $45.7M+37.3% | $33.3M+7.8% | $30.9M-24.7% | $41.0M-29.1% | $57.8M+0.5% | $57.5M+8.7% | $52.9M |
| Current Assets | $13.2M-58.0% | $31.4M+70.2% | $18.5M+27.0% | $14.5M-36.6% | $22.9M-40.0% | $38.2M+2.0% | $37.4M+14.7% | $32.6M |
| Cash & Equivalents | $5.1M-68.7% | $16.2M+508.9% | $2.7M+92.4% | $1.4M-87.6% | $11.2M-2.7% | $11.5M+6.4% | $10.8M-22.5% | $13.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.2M-38.4% | $3.5M-68.1% | $11.0M+10.6% | $10.0M+125.4% | $4.4M-70.3% | $14.9M+16.9% | $12.7M+112.3% | $6.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $25.4M-13.3% | $29.3M+95.3% | $15.0M+10.3% | $13.6M-21.0% | $17.2M-43.6% | $30.5M+17.0% | $26.1M+33.8% | $19.5M |
| Current Liabilities | $16.5M-37.7% | $26.5M+124.8% | $11.8M+18.9% | $9.9M-28.7% | $13.9M-48.2% | $26.9M+19.8% | $22.4M+42.9% | $15.7M |
| Long-Term Debt | $6.5M+480.7% | $1.1M-15.1% | $1.3M-12.2% | $1.5M+7.4% | $1.4M-7.4% | $1.5M+17.9% | $1.3M+13.2% | $1.1M |
| Total Equity | $15.2M-7.5% | $16.4M-10.2% | $18.3M+5.8% | $17.3M-27.4% | $23.8M-12.7% | $27.3M-13.3% | $31.4M-5.9% | $33.4M |
| Retained Earnings | -$140.1M-0.8% | -$139.0M-1.7% | -$136.6M+0.7% | -$137.6M-4.9% | -$131.2M-2.8% | -$127.7M-3.2% | -$123.6M-1.7% | -$121.5M |
DWSN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.7M-131.8% | $14.9M+749.0% | $1.8M+132.3% | -$5.4M-191.6% | $5.9M+216.6% | $1.9M+213.5% | -$1.6M+49.9% | -$3.3M |
| Capital Expenditures | $5.4M | N/A | N/A | $308K-61.7% | $804K+17.5% | $684K-37.7% | $1.1M+82.4% | $602K |
| Free Cash Flow | -$10.2M | N/A | N/A | -$5.7M-212.1% | $5.1M+331.4% | $1.2M+143.2% | -$2.7M+29.4% | -$3.9M |
| Investing Cash Flow | -$5.4M-1005.9% | -$490K-364.9% | $185K+5.7% | $175K+123.9% | -$732K-40.2% | -$522K+50.5% | -$1.1M-129.1% | -$460K |
| Financing Cash Flow | -$954K-10.2% | -$866K-37.2% | -$631K-196.2% | -$213K+98.0% | -$10.5M-1699.1% | -$582K-21.8% | -$478K-75.7% | -$272K |
| Dividends Paid | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DWSN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.1%-1.5pp | 11.5%-15.2pp | 26.7%+6.8pp | 19.9%+19.0pp | 1.0%-29.5pp | 30.5%+8.1pp | 22.4%+27.6pp | -5.1% |
| Operating Margin | -5.1%+18.9pp | -24.1%-30.5pp | 6.4%+11.8pp | -5.3%+24.8pp | -30.1%-48.5pp | 18.4%+26.7pp | -8.4%+16.4pp | -24.8% |
| Net Margin | -5.1%+18.8pp | -23.8%-30.0pp | 6.2%+11.3pp | -5.1%+23.2pp | -28.3%-46.8pp | 18.5%+27.2pp | -8.7%+14.0pp | -22.6% |
| Return on Equity | N/A | N/A | 5.4% | N/A | N/A | 21.4% | N/A | N/A |
| Return on Assets | -2.8%+2.3pp | -5.1%-8.1pp | 3.0%+5.6pp | -2.6%+6.0pp | -8.6%-18.8pp | 10.1%+13.8pp | -3.7%+6.2pp | -9.8% |
| Current Ratio | 0.80-0.4 | 1.18-0.4 | 1.56+0.1 | 1.46-0.2 | 1.65+0.2 | 1.42-0.2 | 1.67-0.4 | 2.08 |
| Debt-to-Equity | 0.43+0.4 | 0.070.0 | 0.07-0.0 | 0.09+0.0 | 0.060.0 | 0.06+0.0 | 0.040.0 | 0.03 |
| FCF Margin | -44.7% | N/A | N/A | -36.7%-77.5pp | 40.9%+37.1pp | 3.8%+15.1pp | -11.3%+5.6pp | -17.0% |
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Frequently Asked Questions
What is Dawson Geophysic's annual revenue?
Dawson Geophysic (DWSN) reported $74.2M in total revenue for fiscal year 2024. This represents a -23.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dawson Geophysic's revenue growing?
Dawson Geophysic (DWSN) revenue declined by 23.4% year-over-year, from $96.8M to $74.2M in fiscal year 2024.
Is Dawson Geophysic profitable?
No, Dawson Geophysic (DWSN) reported a net income of -$4.1M in fiscal year 2024, with a net profit margin of -5.5%.
What is Dawson Geophysic's earnings per share (EPS)?
Dawson Geophysic (DWSN) reported diluted earnings per share of $-0.13 for fiscal year 2024. This represents a 71.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Dawson Geophysic's EBITDA?
Dawson Geophysic (DWSN) had EBITDA of $1.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dawson Geophysic have?
As of fiscal year 2024, Dawson Geophysic (DWSN) had $1.4M in cash and equivalents against $1.5M in long-term debt.
What is Dawson Geophysic's gross margin?
Dawson Geophysic (DWSN) had a gross margin of 15.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dawson Geophysic's operating margin?
Dawson Geophysic (DWSN) had an operating margin of -6.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Dawson Geophysic's net profit margin?
Dawson Geophysic (DWSN) had a net profit margin of -5.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Dawson Geophysic's free cash flow?
Dawson Geophysic (DWSN) generated -$3.7M in free cash flow during fiscal year 2024. This represents a -28.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dawson Geophysic's operating cash flow?
Dawson Geophysic (DWSN) generated -$1.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Dawson Geophysic's total assets?
Dawson Geophysic (DWSN) had $30.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Dawson Geophysic's capital expenditures?
Dawson Geophysic (DWSN) invested $1.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Dawson Geophysic have outstanding?
Dawson Geophysic (DWSN) had 31M shares outstanding as of fiscal year 2024.
What is Dawson Geophysic's current ratio?
Dawson Geophysic (DWSN) had a current ratio of 1.46 as of fiscal year 2024, which is considered adequate.
What is Dawson Geophysic's debt-to-equity ratio?
Dawson Geophysic (DWSN) had a debt-to-equity ratio of 0.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dawson Geophysic's return on assets (ROA)?
Dawson Geophysic (DWSN) had a return on assets of -13.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Dawson Geophysic's cash runway?
Based on fiscal year 2024 data, Dawson Geophysic (DWSN) had $1.4M in cash against an annual operating cash burn of $1.9M. This gives an estimated cash runway of approximately 9 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Dawson Geophysic's Piotroski F-Score?
Dawson Geophysic (DWSN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dawson Geophysic's earnings high quality?
Dawson Geophysic (DWSN) has an earnings quality ratio of 0.45x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dawson Geophysic cover its interest payments?
Dawson Geophysic (DWSN) has an interest coverage ratio of -28.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dawson Geophysic?
Dawson Geophysic (DWSN) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.