secwatch.observer — SEC 8-K summary
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Issuer:     Drilling Tools International Corp (DTI)
CIK:        0001884516
Form:       8-K
Filed at:   2026-08-06T20:23:27+00:00
Accession:  0001193125-26-338126
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884516/000119312526338126/0001193125-26-338126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884516/000119312526338126/dti-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-338126

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer