Every 8-K that Drilling Tools International Corporation (DTI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DTI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DTI filings page.
Drilling Tools International Corporation reported second-quarter 2026 results and reaffirmed its full-year 2026 outlook. For the three months ended June 30, 2026, total revenue was $38.1 million, including $29.6 million of tool rental revenue and $8.5 million of product sales, compared with $39.4 million a year earlier. Net loss attributable to shareholders was $1.8 million, or $(0.05) per share, improving from a loss of $2.4 million, or $(0.07) per share, in the prior-year quarter.
Adjusted metrics showed mixed trends. Second-quarter Adjusted EBITDA was $8.4 million versus $9.3 million a year ago, while Adjusted Free Cash Flow increased to $4.1 million from $1.8 million. As of June 30, 2026, cash and cash equivalents were $2.5 million and Net Debt was $51.7 million. For full-year 2026, the company reaffirmed guidance for revenue of $155–$170 million, Adjusted EBITDA of $35–$45 million and Adjusted Free Cash Flow of $17–$22 million, which management states represent growth at the midpoint compared to 2025 results.
Drilling Tools International Corporation reported Q2 2026 revenue of $38.1 million, consisting of $29.6 million of tool rental and $8.5 million of product sales. The company recorded a net loss attributable to shareholders of $1.8 million, or $0.05 per share, compared with a $2.4 million loss a year earlier. Q2 2026 Adjusted EBITDA was $8.4 million, and Adjusted Free Cash Flow was $4.1 million, up from $1.8 million in Q2 2025.
For the first six months of 2026, revenue totaled $76.0 million versus $82.3 million in the prior-year period, with a net loss attributable to shareholders of $3.3 million. Six‑month Adjusted EBITDA was $15.9 million, and Adjusted Free Cash Flow was $4.0 million. At June 30, 2026, total assets were $228.6 million, total liabilities $108.9 million and total equity $119.7 million, including cash of $2.5 million.
Operationally, the Eastern Hemisphere contributed 18% of Q2 2026 revenue, up from 14% a year earlier. Management highlights a global footprint, a larger patented product portfolio and completed acquisitions. For full-year 2026, the company guides to revenue of $155–$170 million, Adjusted EBITDA of $35–$45 million and Adjusted Free Cash Flow of $17–$22 million, implying Adjusted EBITDA margins of 23–26% and Adjusted Free Cash Flow margins of 11–13%.
Drilling Tools International reported Q1 2026 revenue of $38.0 million, down from $42.9 million a year earlier, with tool rental revenue of $28.9 million and product sales of about $9.0 million. The company posted a net loss attributable to stockholders of $1.5 million, or $0.04 per share.
Adjusted EBITDA was $7.5 million and Adjusted Net Loss was $1.0 million, with Adjusted Free Cash Flow slightly negative at about $0.2 million. Management reaffirmed its 2026 outlook, targeting full‑year revenue of $155–$170 million, Adjusted EBITDA of $35–$45 million and Adjusted Free Cash Flow of $17–$22 million, and highlighted completion of its transition to a fully independent, broadly held public company with a refreshed board.
Drilling Tools International Corporation released an investor presentation alongside its latest update, outlining recent performance, strategy and 2026 financial outlook. The company supplies mission‑critical drilling tools with an extensive rental fleet active on roughly 50% of North American drilling rigs and an expanding presence across Europe, the Middle East, Africa and Asia Pacific.
For Q1 2026, DTI reported $38.0 million in revenue and $7.5 million in Adjusted EBITDA, with 83% of revenue from the Western Hemisphere and 17% from the Eastern Hemisphere. Management highlights sustainable free cash flow, with annual Adjusted Free Cash Flow rising each year since going public, and a year‑end 2025 Leverage Ratio of 1.1x, reflecting relatively low net debt versus earnings.
The presentation details an acquisitive growth model in a fragmented rental tool industry, including four completed acquisitions since becoming public, a portfolio expanded to 16 patented products supported by about 150 active patents, and more than 325 Master Service Agreements. For full‑year 2026, DTI guides to revenue of $155–$170 million, Adjusted EBITDA of $35–$45 million and Adjusted Free Cash Flow of $17–$22 million, supported by capital expenditures of $18–$23 million and an expected Adjusted Free Cash Flow margin around prior‑year levels.
Drilling Tools International Corporation reported the results of its 2026 Annual Meeting of Stockholders held on April 28, 2026. Stockholders elected or reelected seven directors, including Ira H. Green, Jr., Daniel J. Kimes and Jeremy D. Thigpen, to serve until the 2027 annual meeting.
R. Wayne Prejean, the company’s President and Chief Executive Officer, began serving as Chairman of the Board at the conclusion of the meeting, while John D. “Jack” Furst commenced service as Lead Independent Director. Former directors Thomas M. “Roe” Patterson and C. Richard Vermillion left the Board after deciding not to stand for reelection, with their decisions stated as unrelated to any disagreement with the company.
Stockholders also ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for fiscal year 2026. A total of 18,789,793 common shares, representing approximately 53.39% of the 35,188,260 shares entitled to vote, were present in person or by proxy.
Drilling Tools International Corp. (DTI) reported 2025 results showing modest revenue growth but a small loss on a GAAP basis, alongside solid cash generation. For 2025, total revenue reached $159.6 million, with $129.6 million from tool rentals and about $30.1 million from product sales. The company recorded a net loss attributable to shareholders of about $3.8 million, or $(0.11) per share, but delivered Adjusted Net Income of $3.4 million and Adjusted EBITDA of $39.3 million. Adjusted Free Cash Flow was $19.2 million, helping reduce net debt to $42.2 million as of year end.
In the fourth quarter, revenue was $38.5 million, with tool rental revenue of $30.4 million and product sales of about $8.1 million. DTI generated net income attributable to stockholders of $1.2 million, or $0.03 per share, and Adjusted EBITDA of $10.1 million and Adjusted Free Cash Flow of $6.1 million. Management highlighted debt reduction of over $11 million in the second half of 2025 and share repurchases of approximately $1.3 million of treasury stock. Eastern Hemisphere operations nearly doubled their revenue contribution to 14% of total revenue.
For 2026, DTI issued an outlook targeting revenue of $155–$170 million, Adjusted EBITDA of $35–$45 million, and Adjusted Free Cash Flow of $17–$22 million, implying year-over-year growth at the midpoint despite expectations for relatively soft activity early in the year.
Drilling Tools International Corporation furnished an investor presentation outlining its 2025 performance and 2026 outlook. For 2025, the company reports revenue of $159 million, up 3% year over year, reflecting a broad tool rental and product footprint across North America and growing international markets.
Adjusted free cash flow reached $19.2 million in 2025, an 11% year-over-year increase, and the leverage ratio was 1.1x at year-end 2025 after expanding the asset-based credit facility to $80 million and adding a $25 million term loan. Management highlights four completed acquisitions since going public, a portfolio expanded to 16 patented products and rising Eastern Hemisphere revenue, which reached about 14% of total revenue.
For 2026, the company provides guidance for revenue of $155 million to $170 million, Adjusted EBITDA of $35 million to $45 million and Adjusted Free Cash Flow of $17 million to $22 million, implying continued strong cash generation alongside planned capital expenditures of $18 million to $23 million.
Drilling Tools International Corporation announced several board and leadership changes. The Board appointed Ira H. Green, Jr. as a director, filling the vacancy created by the passing of Thomas Hicks. Green brings more than 35 years of investment banking and energy capital markets experience, including senior roles at Piper Sandler & Co. and service as a chief financial officer at private companies.
Director C. Richard Vermillion informed the Board he will end his tenure effective at the next annual meeting, and his decision is not due to any disagreement with the company. The Board also appointed current interim Chairman, President, and Chief Executive Officer Wayne Prejean to become Chairman of the Board and Chief Executive Officer after the next annual meeting, with no compensation changes approved at this time. In addition, Jack Furst was named lead independent director, effective as of the next annual meeting, as part of the Board’s ongoing refreshment and succession planning process.
Drilling Tools International Corporation reported that board member Thomas M. “Roe” Patterson has decided to end his tenure as a director. He informed the Board on December 16, 2025 that he will not seek reelection, and his service will conclude at the Company’s next annual meeting of stockholders. The Company states that Mr. Patterson’s decision is not due to any disagreement with Drilling Tools International on its operations, policies, or practices. This indicates an orderly and planned board transition rather than a conflict-driven departure.
Drilling Tools International Corporation announced a leadership change on its Board of Directors. Following the passing of long-time Chairman Thomas Hicks on December 6, 2025, the Board appointed Wayne Prejean, the company’s President, Chief Executive Officer, and current director, as interim Chairman of the Board, effective immediately.
Mr. Prejean will hold the interim chairman role while continuing as President and CEO until the Board selects a permanent Chairman or he resigns or is removed. The Board may evaluate both internal and external candidates for the permanent role. There are no special arrangements underlying his appointment, no family relationships with other directors or executives, and no related-party transactions requiring disclosure. The Board has not approved any changes to his compensation in connection with this appointment at this time. Mr. Prejean has led the company since 2013 and brings over 45 years of oilfield services and drilling tools experience, including founding and selling Wildcat Services to National Oilwell Varco.
Drilling Tools International Corporation (DTI) furnished an investor presentation as Exhibit 99.1 for investor relations and other purposes. The materials are provided as information only and are expressly stated as furnished, not filed, under the Exchange Act, which means they are not subject to filing-related liabilities and are not incorporated by reference into other securities law filings.
Drilling Tools International (DTI) reported that it furnished an update on financial and operating results via an Item 2.02 Form 8-K. The company announced results for the third quarter ended September 30, 2025, through a press release furnished as Exhibit 99.1.
The press release is incorporated by reference but treated as “furnished,” not “filed,” under the Exchange Act. DTI’s common stock trades on Nasdaq under the symbol DTI.
Drilling Tools International Corporation furnished an 8-K to share that it has released its financial and operating results for the second quarter ended June 30, 2025. The company states that it issued a press release with these results, which is attached as Exhibit 99.1 and incorporated by reference. The company also clarifies that the information provided under this report and its exhibits is being furnished, not filed, so it is not subject to certain liability provisions of the Exchange Act or automatically incorporated into other Securities Act or Exchange Act filings.