Every 8-K that Dawson Geophysical Company New (DWSN) 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 DWSN 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 DWSN filings page.
Dawson Geophysical Company reported substantially stronger activity for the quarter and six months ended June 30, 2026. Second-quarter revenue was $17.9 million, up 82% from $9.9 million a year earlier, with gross margin improving to 19% from 13%. Despite this, the company recorded a net loss of $3.4 million, or $0.11 per share, but delivered positive Adjusted EBITDA of $0.6 million versus a negative $1.2 million in the prior-year quarter.
For the first half of 2026, revenue rose to $54.6 million from $25.9 million, and results shifted to net income of $4.2 million, or $0.14 per share, compared with a loss of $1.4 million in 2025. Adjusted EBITDA for the period increased to $11.5 million from $1.2 million. The company highlighted a major investment in high-channel-count single node equipment and a new high-density job deploying 70,000 single node channels, alongside rising non-traditional seismic work, including geothermal and CCUS. Liquidity remains supported by $5.8 million in cash, a reduced working capital deficit of $2.9 million, and an undrawn credit facility with a $4.1 million borrowing base.
Dawson Geophysical Company reported a sharp improvement in first quarter 2026 results, with revenues of $36.7 million, up 128% from $16.1 million a year earlier. Gross margin rose to 40% from 28% as higher crew utilization boosted profitability.
The company generated net income of $7.7 million, or $0.25 per share, and Adjusted EBITDA of $10.9 million versus $2.3 million in the prior-year quarter. Cash stood at $1.4 million as of March 31, 2026, working capital improved to $0.4 million, and the revolving credit facility had no balance outstanding with a $4.5 million borrowing base.
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 (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 Company furnished a press release reporting its preliminary and unaudited financial results for the second quarter ended June 30, 2025. The press release is attached to this Form 8-K as Exhibit 99.1, and a Cover Page Interactive Data File is provided as Exhibit 104. The filing explicitly states the information is furnished, not filed, so it is not subject to Section 18 liability or automatically incorporated by reference in other filings. The press release includes a cautionary note that forward-looking statements involve risks and uncertainties. This Form 8-K itself does not present detailed financial tables or figures.
Dawson Operating, a wholly owned subsidiary of Dawson Geophysical Company, entered an Equipment Purchase Agreement with GTC, Inc. to acquire Pioneer™ single point node channels for an aggregate purchase price of approximately $24.2 million. The equipment will be delivered in three shipments beginning in August 2025 with final delivery by early January 2026. Payment is structured as an initial cash payment of $4.8 million, a final cash payment of approximately $1.2 million upon acceptance of the third delivery, and $18.2 million to be financed by three separate promissory notes issued on acceptance of each delivery.
The Notes each carry a 36-month term at a fixed 8.75% annual interest rate, are prepayable without penalty, and are secured by a purchase-money security agreement granting a lien on the purchased equipment, certain intercompany lease rights and proceeds, and by deeds of trust on the Company’s real properties and land in Midland, Texas expected to be granted by the second delivery. The Purchase Agreement contains customary representations, warranties, indemnities and covenants.