DAWSON GEOPHYSICAL CODWSNEarnings & Financial Report
Dawson Geophysical Co is a North American geophysical services provider specializing in seismic data acquisition, processing and analysis. It primarily serves the oil and gas exploration and production sector, supporting clients to assess subsurface energy reserves across major onshore resource basins in the U.S. and Canada.
Revenue
$9.9M
Gross Profit
$1.1M
Operating Profit
$-2.4M
Net Profit
$-2.3M
Gross Margin
11.5%
Operating Margin
-24.1%
Net Margin
-23.8%
YoY Growth
-21.3%
EPS
$-0.08
DAWSON GEOPHYSICAL CO Q2 FY2025 Financial Summary
DAWSON GEOPHYSICAL CO reported revenue of $9.9M (down 21.3% YoY) for Q2 FY2025, with a net profit of $-2.3M (up 33.8% YoY) (-23.8% margin). Cost of goods sold was $8.7M, operating expenses totaled $3.5M.
Key Financial Metrics
| Total Revenue | $9.9M |
|---|---|
| Net Profit | $-2.3M |
| Gross Margin | 11.5% |
| Operating Margin | -24.1% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
DAWSON GEOPHYSICAL CO Q2 FY2025 revenue of $9.9M breaks down across 2 segments, led by Fee Revenue at $8.7M (88.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Fee Revenue | $8.7M | 88.7% |
| Reimbursable Revenue | $1.1M | 11.3% |
DAWSON GEOPHYSICAL CO Revenue by Segment — Quarterly Trend
DAWSON GEOPHYSICAL CO revenue by segment across the last 4 reported quarters, showing how each business line (such as Fee Revenue and Reimbursable Revenue) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Fee Revenue | $22.9M | $14.9M | $8.7M | $15.3M |
| Reimbursable Revenue | — | $7.8M | $1.1M | — |
DAWSON GEOPHYSICAL CO Annual Revenue by Year
DAWSON GEOPHYSICAL CO annual revenue history includes year-by-year totals (for example, 2025 revenue was $75.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $75.6M |
| 2023 | $96.8M |
| 2022 | $51.6M |
DAWSON GEOPHYSICAL CO Quarterly Revenue & Net Profit History
DAWSON GEOPHYSICAL CO results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $26.9M | +72.3% | $569.0K | 2.1% |
| Q3 FY2025 | $22.7M | +284225.0% | $-1.2M | -5.1% |
| Q2 FY2025 | $9.9M | -21.3% | $-2.3M | -23.8% |
| Q1 FY2025 | $16.1M | -49.1% | $992.0K | 6.2% |
| Q4 FY2024 | $15.6M | -35.5% | $-802.0K | -5.1% |
| Q2 FY2024 | $12.5M | -38.1% | $-3.5M | -28.3% |
| Q1 FY2024 | $31.6M | +7.4% | $5.8M | 18.5% |
| Q4 FY2023 | $24.3M | +38.6% | $-2.1M | -8.7% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M | $31.6M | $12.5M | $15.6M | $16.1M | $9.9M | $22.7M | $26.9M |
| YoY Growth | 38.6% | 7.4% | -38.1% | -35.5% | -49.1% | -21.3% | 284225.0% | 72.3% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $57.5M | $57.8M | $41.0M | $30.9M | $33.3M | $45.7M | $40.6M | $56.0M |
| Liabilities | $26.1M | $30.5M | $17.2M | $13.6M | $15.0M | $29.3M | $25.4M | $40.2M |
| Equity | $31.4M | $27.3M | $23.8M | $17.3M | $18.3M | $16.4M | $15.2M | $15.8M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.6M | $1.9M | $5.9M | $-5.4M | $1.8M | $14.9M | $-4.7M | $2.1M |