Welcome to our dedicated page for Dawson Geophysic SEC filings (Ticker: DWSN), 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.
The Dawson Geophysical Company (NASDAQ: DWSN) filings page brings together the company’s public reports to the U.S. Securities and Exchange Commission, including current reports on Form 8-K and other periodic disclosures. These documents provide structured information on Dawson’s seismic data acquisition business, financial condition, capital structure and material agreements related to its operations in the continental United States and Canada.
Recent Form 8-K filings describe several important developments. One current report details an Equipment Purchase Agreement under which a wholly owned subsidiary agreed to acquire Pioneer single point node channels from a subsidiary of Geospace Technologies, with part of the purchase price financed through promissory notes secured by the equipment and certain real properties. Another Form 8-K explains a Revolving Credit Note with Equify Financial, a lender affiliated with controlling stockholders, secured by a lien on the company’s vibrator energy source vehicles. Additional 8-Ks furnish the company’s preliminary and unaudited quarterly financial results through attached press releases.
These filings, together with annual and quarterly reports available through EDGAR, help investors analyze Dawson’s exposure to oil and gas exploration spending, its use of non-GAAP measures such as EBITDA and Adjusted EBITDA, and the terms of its financing arrangements. They also document matters submitted to a vote of security holders, such as director elections, auditor ratification and advisory votes on executive compensation.
On Stock Titan, AI-powered summaries can assist in interpreting Dawson’s lengthy SEC filings by highlighting key sections on operating performance, liquidity, direct financial obligations and security interests. Users can quickly locate references to revolving credit facilities, equipment purchase notes, and other obligations, as well as track how the company describes risks related to energy industry conditions and its status as a controlled public company.
Dawson Geophysical Company reports a 2025 net loss of $1.9 million, narrower than the prior year, in its Form 10-K. The land seismic contractor highlights heavy customer concentration, with one client providing 51% of 2025 revenue, and continued exposure to volatile oil and gas spending.
The company is investing heavily in technology, signing a $24.2 million Equipment Purchase Agreement for single-node channels with Geospace’s GTC unit and issuing $15.5 million of 8.75% Geospace Notes by year-end. Dawson operates roughly 130 vibrator units and 280,000 recording channels across U.S. and Canadian crews.
Dawson is a Nasdaq-listed “controlled company”; Wilks Brothers and affiliates hold about 80% of voting power and are exploring potential asset or combination transactions with Dawson, overseen by an independent special committee. The filing also discloses a material weakness in internal controls over revenue and expense classification.
Dawson Geophysical Company reported preliminary, unaudited results for the fourth quarter and full year 2025. For the quarter ended December 31, 2025, revenue was $27.0 million, up 72% from $15.6 million a year earlier, and net income was $0.6 million or $0.02 per share. Adjusted EBITDA rose to $3.3 million from $0.9 million. For full-year 2025, revenue was $75.6 million, a 2% increase, with a net loss of $1.9 million versus a $4.1 million loss in 2024, and Adjusted EBITDA of $4.7 million compared to $2.0 million. The company generated $14.0 million in operating cash flow and increased cash to $4.9 million, while adding a $5 million revolving credit facility. Dawson is in discussions with controlling stockholder Wilks Brothers and its affiliates about potential asset or business combination transactions, overseen by a special board committee, with no definitive agreement assured.
Dawson Geophysical Company reported stronger operational momentum in the quarter ended September 30, 2025. Revenue rose to $22.7 million from $14.4 million a year ago as U.S. crew utilization improved, narrowing the net loss to $1.15 million from $5.62 million. For the first nine months, revenue was $48.7 million versus $58.5 million last year, with a year‑to‑date net loss of $2.51 million.
The company is upgrading capacity with a $24.2 million purchase of single point node channels from Geospace, financed partly through 36‑month notes at 8.75%. As of September 30, Dawson had taken $10.4 million of deliveries and issued $7.5 million of notes, with two additional $3.5 million notes executed on October 28 and November 3. A new related‑party revolving credit note provides up to $5.04 million at 13%, secured by vibrator vehicles.
Cash from operations reached $11.9 million year‑to‑date. Cash was $5.1 million, and total assets were $40.6 million. Shares outstanding were 31,047,801 as of November 10, 2025.
Dawson Geophysical Company (DWSN) furnished an 8‑K announcing a press release with preliminary, unaudited financial results for its third quarter ended September 30, 2025. The disclosure was made under Item 2.02 (Results of Operations and Financial Condition) and is furnished, not filed, under the Exchange Act. The company included customary forward‑looking statements cautionary language and attached the press release as Exhibit 99.1.
Dawson Geophysical Company entered into a new Revolving Credit Note with Equify Financial, allowing the company and its subsidiary to borrow up to $5,035,032 at a fixed 13% interest rate. The facility runs until November 20, 2028 and requires thirty-six monthly principal payments of $139,862, starting December 20, 2025, with interest due on the outstanding balance. The maximum borrowing limit reduces by $139,862 on each monthly payment date.
The obligations are secured by a lien on the company’s vibrator energy source vehicles. Borrowers may prepay up to 75% of the outstanding principal and accrued interest at any time without a prepayment fee. Equify is affiliated with controlling shareholders Dan and Farris Wilks; the transaction was reviewed and approved by the company’s Audit Committee.
Dawson Geophysical (DWSN) reported an insider equity grant. The company’s EVP & Chief Operating Officer filed a Form 4 showing an acquisition of 100,000 shares of common stock on 10/27/2025 at a stated price of $0, tied to restricted stock units.
The filing notes these are restricted stock units (RSUs), each representing the right to receive one share, vesting in three equal annual installments beginning in October 2026. Following the transaction, the officer beneficially owned 108,500 shares, held directly.
Dawson Geophysical (DWSN) disclosed a Form 4 showing CEO & President William Anthony Clark received 150,000 shares as a restricted stock unit grant on 10/27/2025 at a price of $0 under the Amended and Restated 2016 Stock and Performance Incentive Plan. The RSUs will vest in three equal annual installments beginning in October 2026.
Following this award, Clark beneficially owns 151,850 shares, held directly.
William Anthony Clark, identified as CEO & President of Dawson Geophysical Company (DWSN), reported a purchase of company common stock on 09/09/2025. The filing shows an acquisition of 550 shares at a price of $1.59 per share. Following this transaction, Mr. Clark beneficially owned 1,850 shares of Dawson Geophysical common stock. This submission is a Form 4 statement of changes in beneficial ownership filed under Section 16.
William Anthony Clark, CEO & President of Dawson Geophysical Company (DWSN), reported an insider purchase. On 08/20/2025 he acquired 500 shares of the company's common stock at a price of $1.40 per share, bringing his total beneficial ownership to 1,300 shares. The Form 4 was signed on 08/21/2025 and indicates the transaction was a direct acquisition.
Ray Mays, EVP & Chief Operating Officer of Dawson Geophysical Company (DWSN), reported a series of open-market purchases of the issuer's common stock. The Form 4 shows purchases executed on August 15 and August 18 totaling 4,050 shares acquired, increasing his reported beneficial ownership to 8,500 shares held directly. The filings list weighted-average purchase prices of $1.29, $1.28, $1.38, $1.39, and $1.40 for the individual transactions and note the reported prices are weighted averages. The reporting person certifies availability of further breakdowns on request. The disclosure is a routine insider acquisition by an executive and documents the updated direct ownership position.