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Recent Updates — DTI

August 6, 2026View Source ↗

Drilling Tools International Corporation reported financial results for the second quarter ended June 30, 2026. The company generated total consolidated revenue of $38.1 million, comprising $29.6 million in Tool Rental revenue and approximately $8.5 million in Product Sales. Net loss attributable to common stockholders was approximately $1.8 million, or a loss of $0.05 per share. Adjusted net loss was $575,000 with an adjusted EPS loss of $0.02 per share. Second quarter Adjusted EBITDA reached $8.4 million and Adjusted Free Cash Flow was $4.1 million. As of June 30, 2026, the company held $2.5 million in cash and cash equivalents with net debt of $51.7 million. Management reaffirmed its full-year 2026 guidance ranges for revenue between $155 million and $170 million and Adjusted EBITDA between $35 million and $45 million. Drilling Tools International Corp operates in the oilfield services industry, designing, engineering, manufacturing, and renting downhole drilling tools for onshore and offshore horizontal and directional drilling operations.