---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-110404"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:58:06.120413+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-110404
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465925110404/0001104659-25-110404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465925110404/dwsn-20251112x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-110404
- JSON: https://secwatch.observer/filing/0001104659-25-110404.json
- Plain text: https://secwatch.observer/filing/0001104659-25-110404.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.