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 17 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).
FY2025's main shift was a cash-flow rebound built on better margins but also a heavier short-term funding burden.
Between FY2024 and FY2025, operating cash flow swung from-$1.9M to$14.0M even as net income remained negative and capital spending increased. Because the current ratio fell to 0.8x, receivables edged down, and current liabilities surged, the cash rebound looks driven largely by working-capital financing rather than fully self-funding operations.
With revenue roughly steady, gross margin expansion to
The balance sheet now carries more leverage: long-term debt rose to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dawson Geophysic's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dawson Geophysic scores 0.79, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($210.2M) relative to total liabilities ($40.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dawson Geophysic passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dawson Geophysic generates $-7.20 in operating cash flow ($14.0M OCF vs -$1.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Dawson Geophysic earns $-3.1 in operating income for every $1 of interest expense (-$1.7M vs $536K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Dawson Geophysic generated $75.6M in revenue in fiscal year 2025. This represents an increase of 2.0% from the prior year.
Dawson Geophysic's EBITDA was $4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 237.5% from the prior year.
Dawson Geophysic reported -$1.9M in net income in fiscal year 2025. This represents an increase of 52.9% from the prior year.
Dawson Geophysic earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 53.8% from the prior year.
Cash & Balance Sheet
Dawson Geophysic generated $7.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 291.5% from the prior year.
Dawson Geophysic held $4.9M in cash against $11.3M in long-term debt as of fiscal year 2025.
Dawson Geophysic had 31M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Margins & Returns
Dawson Geophysic's gross margin was 17.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the prior year.
Dawson Geophysic's operating margin was -2.2% in fiscal year 2025, reflecting core business profitability. This is up 3.9 percentage points from the prior year.
Dawson Geophysic's net profit margin was -2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.
Dawson Geophysic's ROE was -12.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 11.6 percentage points from the prior year.
Capital Allocation
Dawson Geophysic invested $6.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 266.3% from the prior year.
DWSN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.7M+36.2% | $26.9M+18.5% | $22.7M+130.9% | $9.9M-38.7% | $16.1M+2.8% | $15.6M+8.4% | $14.4M+15.3% | $12.5M |
| Cost of Revenue | $23.6M+9.1% | $21.7M+5.8% | $20.5M+134.7% | $8.7M-26.0% | $11.8M-5.9% | $12.5M-22.5% | $16.2M+30.3% | $12.4M |
| Gross Profit | $13.1M+146.9% | $5.3M+131.6% | $2.3M+101.7% | $1.1M-73.6% | $4.3M+37.9% | $3.1M+280.2% | -$1.7M-1529.8% | $121K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.9M+14.2% | $2.6M+22.0% | $2.1M-9.5% | $2.3M+16.9% | $2.0M-23.3% | $2.6M-1.2% | $2.6M+5.9% | $2.5M |
| Operating Income | $8.1M+863.3% | $845K+172.1% | -$1.2M+50.6% | -$2.4M-329.3% | $1.0M+224.0% | -$834K+85.5% | -$5.7M-52.5% | -$3.8M |
| Interest Expense | $501K+51.4% | $331K+366.2% | $71K+22.4% | $58K-23.7% | $76K+94.9% | $39K+11.4% | $35K-10.3% | $39K |
| Income Tax | $10K | $0-100.0% | $10K+242.9% | -$7K-333.3% | $3K+110.3% | -$29K+17.1% | -$35K+73.3% | -$131K |
| Net Income | $7.7M+1246.4% | $569K+149.3% | -$1.2M+50.9% | -$2.3M-336.8% | $992K+223.7% | -$802K+85.7% | -$5.6M-58.4% | -$3.5M |
| EPS (Diluted) | $0.25 | N/A | $-0.04+50.0% | $-0.08-366.7% | $0.03 | N/A | $-0.18-50.0% | $-0.12 |
DWSN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $64.4M+15.0% | $56.0M+38.0% | $40.6M-11.2% | $45.7M+37.3% | $33.3M+7.8% | $30.9M+2.3% | $30.2M-26.4% | $41.0M |
| Current Assets | $27.9M+27.6% | $21.8M+65.6% | $13.2M-58.0% | $31.4M+70.2% | $18.5M+27.0% | $14.5M+10.3% | $13.2M-42.5% | $22.9M |
| Cash & Equivalents | $1.4M-72.0% | $4.9M-3.4% | $5.1M-68.7% | $16.2M+508.9% | $2.7M+92.4% | $1.4M-80.2% | $7.0M-37.4% | $11.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $19.4M+107.4% | $9.4M+331.1% | $2.2M-38.4% | $3.5M-68.0% | $11.0M+10.9% | $9.9M+255.8% | $2.8M-37.0% | $4.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $41.1M+2.1% | $40.2M+58.4% | $25.4M-13.3% | $29.3M+95.3% | $15.0M+10.3% | $13.6M+13.8% | $11.9M-30.6% | $17.2M |
| Current Liabilities | $27.5M+2.4% | $26.8M+62.3% | $16.5M-37.7% | $26.5M+124.8% | $11.8M+18.9% | $9.9M+13.2% | $8.8M-37.0% | $13.9M |
| Long-Term Debt | $11.7M+3.5% | $11.3M+73.0% | $6.5M+480.7% | $1.1M-15.1% | $1.3M-12.2% | $1.5M-1.2% | $1.5M+8.7% | $1.4M |
| Total Equity | $23.3M+47.6% | $15.8M+4.1% | $15.2M-7.5% | $16.4M-10.2% | $18.3M+5.8% | $17.3M-5.3% | $18.2M-23.3% | $23.8M |
| Retained Earnings | -$131.9M+5.5% | -$139.6M+0.4% | -$140.1M-0.8% | -$139.0M-1.7% | -$136.6M+0.7% | -$137.6M-0.6% | -$136.8M-4.3% | -$131.2M |
DWSN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$465K-122.3% | $2.1M+144.0% | -$4.7M-131.8% | $14.9M+749.0% | $1.8M+132.3% | -$5.4M-28.2% | -$4.2M-171.5% | $5.9M |
| Capital Expenditures | $1.4M+100.7% | $714K-86.9% | $5.4M | N/A | N/A | $308K+346.4% | $69K-91.4% | $804K |
| Free Cash Flow | -$1.9M-238.3% | $1.4M+113.5% | -$10.2M | N/A | N/A | -$5.7M-33.3% | -$4.3M-184.1% | $5.1M |
| Investing Cash Flow | -$1.3M-32.8% | -$1.0M+81.4% | -$5.4M-1005.9% | -$490K-364.9% | $185K+5.7% | $175K-49.1% | $344K+147.0% | -$732K |
| Financing Cash Flow | -$1.7M-36.9% | -$1.2M-29.1% | -$954K-10.2% | -$866K-37.2% | -$631K-196.2% | -$213K+28.3% | -$297K+97.2% | -$10.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $0 | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DWSN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6%+16.0pp | 19.7%+9.6pp | 10.1%-1.5pp | 11.5%-15.2pp | 26.7%+6.8pp | 19.9%+31.9pp | -12.0%-13.0pp | 1.0% |
| Operating Margin | 22.2%+19.0pp | 3.1%+8.3pp | -5.1%+18.9pp | -24.1%-30.5pp | 6.4%+11.8pp | -5.3%+34.5pp | -39.9%-9.7pp | -30.1% |
| Net Margin | 20.9%+18.8pp | 2.1%+7.2pp | -5.1%+18.8pp | -23.8%-30.0pp | 6.2%+11.3pp | -5.1%+33.8pp | -39.0%-10.6pp | -28.3% |
| Return on Equity | 32.8%+29.2pp | 3.6%+11.2pp | -7.6%+6.7pp | -14.3%-19.7pp | 5.4%+10.1pp | -4.6%+26.1pp | -30.8%-15.9pp | -14.9% |
| Return on Assets | 11.9%+10.9pp | 1.0%+3.9pp | -2.8%+2.3pp | -5.1%-8.1pp | 3.0%+5.6pp | -2.6%+16.0pp | -18.6%-10.0pp | -8.6% |
| Current Ratio | 1.01+0.2 | 0.81+0.0 | 0.80-0.4 | 1.18-0.4 | 1.56+0.1 | 1.46-0.0 | 1.50-0.1 | 1.65 |
| Debt-to-Equity | 0.50-0.2 | 0.72+0.3 | 0.43+0.4 | 0.070.0 | 0.07-0.0 | 0.090.0 | 0.08+0.0 | 0.06 |
| FCF Margin | -5.2%-10.3pp | 5.1%+49.8pp | -44.7% | N/A | N/A | -36.7%-6.8pp | -29.8%-70.7pp | 40.9% |
Note: The current ratio is below 1.0 (0.81), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Dawson Geophysic's annual revenue?
Dawson Geophysic (DWSN) reported $75.6M in total revenue for fiscal year 2025. This represents a 2.0% 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 grew by 2% year-over-year, from $74.2M to $75.6M in fiscal year 2025.
Is Dawson Geophysic profitable?
No, Dawson Geophysic (DWSN) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -2.6%.
What is Dawson Geophysic's EBITDA?
Dawson Geophysic (DWSN) had EBITDA of $4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dawson Geophysic have?
As of fiscal year 2025, Dawson Geophysic (DWSN) had $4.9M in cash and equivalents against $11.3M in long-term debt.
What is Dawson Geophysic's gross margin?
Dawson Geophysic (DWSN) had a gross margin of 17.2% in fiscal year 2025, 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 -2.2% in fiscal year 2025, 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 -2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dawson Geophysic's return on equity (ROE)?
Dawson Geophysic (DWSN) has a return on equity of -12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dawson Geophysic's free cash flow?
Dawson Geophysic (DWSN) generated $7.1M in free cash flow during fiscal year 2025. This represents a 291.5% 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 $14.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dawson Geophysic's total assets?
Dawson Geophysic (DWSN) had $56.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dawson Geophysic's capital expenditures?
Dawson Geophysic (DWSN) invested $6.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dawson Geophysic's current ratio?
Dawson Geophysic (DWSN) had a current ratio of 0.81 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Dawson Geophysic's debt-to-equity ratio?
Dawson Geophysic (DWSN) had a debt-to-equity ratio of 0.72 as of fiscal year 2025, 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 -3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dawson Geophysic's Altman Z-Score?
Dawson Geophysic (DWSN) has an Altman Z-Score of 0.79, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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 to 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 -7.20x, considered mixed quality. 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 -3.1x, 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 36 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.