DTI Q1 revenue $38.0M, net loss $1.5M; reaffirms FY2026 outlook

Drilling Tools International Corp

2026-Q1 EPS reported -$0.04 revenue$37,959,000

Tool rental revenue $28.9M, product sales $9.0M; adjusted net loss $1.0M, adj. diluted EPS loss $0.03.
Adjusted EBITDA $7.5M; cash $2.8M, net debt $48.9M as of March 31, 2026.
Sponsor HHEP distributed remaining DTI shares to limited partners; board refreshed, transitioning to fully independent public company.
FY2026 guidance reaffirmed: revenue $155-170M, adj. EBITDA $35-45M, adj. free cash flow $17-22M.
Management cites early Canada spring breakup effect, but expects later-year catalysts from international ClearPath and Drill-N-Ream adoption.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Drilling Tools International Corp reported first quarter ended March 31, 2026 results: revenue $38.0 million, net income $1.5 million, EPS loss of $0.04 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $38.0 million
Net income: $1.5 million
EPS: loss of $0.04 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today reported its results for the three months ended March 31, 2026. For the first quarter of 2026, DTI generated total consolidated revenue of $38.0 million. First quarter Tool Rental revenue was $28.9 million, and Product Sales revenue totaled approximately $9.0 million. Net Loss attributable to common stockholders for the first quarter was $1.5 million, or a loss of $0.04 per share.

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Source: SEC EDGAR

accession 0001193125-26-212067

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