DTI reports Q2 2026 revenue $38.1M, net loss $1.8M; reaffirms FY2026 outlook

Drilling Tools International Corp

Q2 revenue $38.1M (Tool Rental $29.6M, Product Sales $8.5M); net loss $1.8M ($0.05 loss per share).
Adjusted net loss $575k, adjusted EPS loss $0.02; Adjusted EBITDA $8.4M.
Adjusted free cash flow $4.1M; cash $2.5M, net debt $51.7M.
Reaffirms FY2026 guidance: revenue $155M-$170M, Adj. EBITDA $35M-$45M, Adj. FCF $17M-$22M.
CEO cites early recovery signs in US land, Canada, and offshore ClearPath stabilizer awards expected to boost European H2 contribution.

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