---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-004024"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:29:40.508626+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q4 revenue down 36% YoY to $15.6M; full-year adjusted EBITDA turns positive

## Summary
- Q4 net loss of $0.8M ($0.03 EPS) vs loss of $0.6M ($0.02 EPS) in Q4 2023.
- Full-year 2024 revenue $74.2M (-23% YoY); net loss narrowed to $4.1M ($0.13 EPS) from $12.1M.
- Gross margin improved to 21% in 2024 from 16% in 2023; G&A reduced 25% YoY.
- Adjusted EBITDA of $2M in 2024, first positive annual EBITDA since 2020.
- Backlog for six months ending Sep 30, 2025 is >150% of comparable 2024 period; $6M 2025 capex approved.

## SEC filing metadata
- accession: 0001558370-25-004024
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/799165/000155837025004024/0001558370-25-004024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000155837025004024/dwsn-20250328x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-004024
- JSON: https://secwatch.observer/filing/0001558370-25-004024.json
- Plain text: https://secwatch.observer/filing/0001558370-25-004024.txt

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