Welcome to our dedicated page for Drilling Tools International Corporation SEC filings (Ticker: DTI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Drilling Tools International Corporation filings document the formal disclosures of a Nasdaq-listed oilfield services company with common stock trading under DTI. Recent 8-K reports furnish operating and financial results, Regulation FD investor presentations, and updates on Tool Rental and Product Sales performance, cash, debt, adjusted EBITDA and adjusted free cash flow.
Proxy and governance filings cover annual meeting voting, director elections, board composition, committee matters and executive compensation disclosures. Other current reports document board appointments, director departures and related Item 5.02 governance events, alongside the company's registered common stock and Exchange Act reporting status.
Drilling Tools International Corp executive Michael Wayne Domino Jr. reported routine equity compensation activity. He exercised 25,277 previously granted restricted stock units into the same number of common shares at a $0.00 exercise price, bringing his direct common stock holdings to 1,452,082 shares.
He also received new long-term incentives under the 2026 program: 22,859 RSUs that vest in three equal annual installments and 68,577 performance stock units tied 100% to EBITDA goals over a three-year period, with payout opportunities from 50% at threshold to 200% at maximum performance. All shares subject to his existing stock options are vested.
Drilling Tools International Corp’s Chief Financial Officer David Richard Johnson reported routine equity compensation and an option-related share delivery. On February 27, 2026, he was granted 37,336 restricted stock units (RSUs) and 112,009 performance stock units (PSUs), each representing a contingent right to one common share.
The new RSUs vest in three equal annual installments from the grant date, while the PSUs vest over a three-year performance period based on EBITDA, with a payout range from 50% to 200% of the target award. On February 28, 2026, he also exercised 30,964 RSUs into an equal number of common shares at a conversion price of $0.00 per share, leaving him with 76,611 common shares held directly after the transaction.
Drilling Tools International Corp officer Trent Pope reported new equity awards and a routine vesting event. On February 27, 2026, he was granted 22,502 restricted stock units (RSUs) and 67,505 performance stock units (PSUs) under the company’s 2023 Omnibus Incentive Plan as part of the 2026 long-term incentive program.
Each RSU and PSU represents a right to receive one share of common stock. The RSUs vest in substantially equal installments over three years, subject to continued service. The PSUs vest over a three-year period based on EBITDA performance, with payout opportunities from 50% of target at threshold to 200% at maximum.
On February 28, 2026, Pope exercised 15,000 RSUs, acquiring 15,000 shares of common stock at a price of $0.00 per share. Following these transactions, he directly holds 45,000 RSUs and 15,000 shares of common stock, and the filing shows no remaining stock option underlying shares.
Drilling Tools International Corporation is a Delaware-based oilfield services company focused on renting specialized downhole drilling tools for onshore and offshore operations worldwide. It operates Western and Eastern Hemisphere segments, supported by 15 North American and 11 international service centers.
The company reports long-term growth, increasing revenue by 357% from $35 million in 2012 to $160 million in 2025, and serving major OFS and E&P customers. As of June 30, 2025, non‑affiliate equity market value was $49.8 million, and 35,185,760 common shares were outstanding as of March 3, 2026.
The filing highlights a rental-focused strategy, recent acquisitions in Europe and the Middle East, proprietary IT (COMPASS), and safety programs. Key risks center on oil and gas price cycles, customer concentration, labor availability, regulation (including environmental and climate rules), tariffs, cybersecurity, and volatility in the stock price.
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 executive Michael Wayne Domino Jr., President of the DTR Division, sold 4,166 and 2,083 shares of common stock in open‑market trades on February 17, 2026 at prices of $4.00 and $3.88 per share.
Following these sales, he directly owned 1,426,805 shares of Drilling Tools International common stock. The transactions were executed under a Rule 10b5-1 trading plan that he adopted on November 17, 2025.
Tontine Financial Partners and related entities have filed an amended Schedule 13G reporting a significant passive stake in Drilling Tools International Corp. The filing shows that Jeffrey L. Gendell is deemed to beneficially own 2,439,737 shares of common stock, representing 6.9% of the company.
Tontine Financial Partners, L.P. and Tontine Management, L.L.C. each report beneficial ownership of 2,065,233 shares, or 5.9% of the common stock, with shared voting and dispositive power. Gendell’s total includes these shares plus 374,504 shares held by Tontine Capital Overseas Master Fund II, L.P.
The percentage calculations are based on 35,198,778 shares outstanding as of November 7, 2025, as disclosed by Drilling Tools International. The reporting persons certify that the securities were not acquired to change or influence control of the issuer and are held on a passive basis.
Drilling Tools International Corp. director Green Ira Harris Jr filed an initial statement of beneficial ownership. As of January 26, 2026, he beneficially owned 17,207 shares of the company’s common stock, held in direct ownership form.
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.