---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-007577"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T19:28:47.423395+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q1 revenue $16.1M (-49% YoY); net income $1M, Adj. EBITDA $2.3M

## Summary
- Revenue of $16.1M, down 49% from $31.6M in Q1 2024. Gross margin 28% vs 36%.
- Net income $1M ($0.03 EPS); Adjusted EBITDA $2.3M vs $7.6M in prior year.
- Canada operations revenue up 48%, generated $5.5M net income and $5.7M Adjusted EBITDA.
- Capital budget of $6M for 2025; cash $2.7M, working capital $6.7M at March 31, 2025.
- Backlog improving; one large channel crew highly utilized through year; expect Q2 revenue increase.

## SEC filing metadata
- accession: 0001558370-25-007577
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000155837025007577/0001558370-25-007577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000155837025007577/dwsn-20250513x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-007577
- JSON: https://secwatch.observer/filing/0001558370-25-007577.json
- Plain text: https://secwatch.observer/filing/0001558370-25-007577.txt

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