Dawson Geophysical Q3 revenue up 220% YoY to $14.9M; net loss narrows to $1.2M

DAWSON GEOPHYSICAL CO

2025-Q3 EPS reported -$0.08 revenue$48,675,000

Q3 fee revenue $14.9M (+220% YoY); net loss $1.2M ($0.04/sh) vs $5.6M ($0.18/sh) in Q3 2024.
Gross margin improved to 15% from negative 37% YoY; EBITDA turned positive at $0.2M vs -$4.3M.
Received new single-node channels, now over 180,000 total channels; first large crew deployment planned in Q4.
Entered $5M revolving credit facility in Oct 2025; cash balance rose to $5.1M from $1.4M at year-end 2024.
Management expects revenue to continue increasing quarter-over-quarter with robust winter season in Canada.

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