---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-037073"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:18:29.030563+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q4 revenue up 72% YoY, net income $0.6M; full-year net loss narrows to $1.9M

## Summary
- Q4 revenue $27.0M (+72% YoY); fee revenue $22.9M (+67%); net income $0.6M ($0.02 EPS).
- Full-year revenue $75.6M (+2%); net loss $1.9M ($0.06/shr), improved from $4.1M loss in 2024.
- Adjusted EBITDA Q4 $3.3M (+248% YoY); full-year $4.7M (+139%).
- Operating cash flow $14.0M; cash rose to $4.9M; $5M credit facility undrawn.
- Board approved $3M 2026 capex including $0.9M final equipment payment; AI tool cut mapping processing time.

## SEC filing metadata
- accession: 0001104659-26-037073
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465926037073/0001104659-26-037073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465926037073/dwsn-20260330x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-037073
- JSON: https://secwatch.observer/filing/0001104659-26-037073.json
- Plain text: https://secwatch.observer/filing/0001104659-26-037073.txt

## Key facts
- Earnings Releases
  DAWSON GEOPHYSICAL CO reported year ended December 31, 2025 results: revenue revenues of $75.6 million, net income net loss of $1.9 million, EPS $0.06 per common share.
  - Period: year ended December 31, 2025
  - Revenue: revenues of $75.6 million
  - Net income: net loss of $1.9 million
  - EPS: $0.06 per common share
  - Result: preliminary results
  source text: December 31, 2025, compared to Adjusted EBITDA of $0.9 million in the quarter ended December 31, 2024. ​ For the year ended December 31, 2025, the Company reported revenues of $75.6 million, an increase of 2% compared to $74.2 million for the year ended December 31, 2024. Revenue included reimbursable revenue of $13.7 million and $20.7 million for the years ended
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000110465926037073/0001104659-26-037073-index.htm
- Earnings Releases
  DAWSON GEOPHYSICAL CO reported fourth quarter and year ended December 31, 2025 results: revenue revenues of $27.0 million, net income net income of $0.6 million, EPS $0.02 per common share.
  - Period: fourth quarter and year ended December 31, 2025
  - Revenue: revenues of $27.0 million
  - Net income: net income of $0.6 million
  - EPS: $0.02 per common share
  - Result: preliminary results
  source text: For the fourth quarter ended December 31, 2025, the Company reported revenues of $27.0 million, an increase of 72% compared to $15.6 million for the comparable quarter ended December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000110465926037073/0001104659-26-037073-index.htm

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