Earnings summaries and quarterly performance for DAWSON GEOPHYSICAL.
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Dawson Geophysical Company Reports Q3 2025 Results
DWSN
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Dawson Geophysical Company reported fee revenues of $14.9 million for the third quarter ended September 30, 2025, representing a 220% increase compared to $4.7 million in the comparable quarter of 2024.
- The company's net loss improved to $1.2 million ($0.04 loss per common share) in Q3 2025, from a net loss of $5.6 million ($0.18 loss per common share) in Q3 2024, and generated EBITDA of $0.2 million compared to negative $4.3 million in the prior year's quarter.
- Operationally, Dawson began deploying new single node channels in mid-August, with additional equipment deliveries in September and October, and anticipates deploying its first large channel crew with this new equipment in the fourth quarter.
- Year-to-date, the company generated $11.9 million in cash flows from operations and increased its cash balance to $5.1 million at September 30, 2025, also securing a $5 million revolving credit facility in October 2025.
Nov 12, 2025, 9:19 PM
Dawson Geophysical Reports Third Quarter 2025 Results
DWSN
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Dawson Geophysical reported a significant increase in fee revenues for the third quarter ended September 30, 2025, reaching $14.9 million, a 220% increase compared to the prior year's comparable quarter.
- The company achieved a positive EBITDA of $0.2 million in Q3 2025, a substantial improvement from a negative $4.3 million in Q3 2024, and reduced its net loss to $1.2 million (or $0.04 per common share) from $5.6 million (or $0.18 per common share) in the same period.
- Dawson Geophysical's cash balance increased to $5.1 million at September 30, 2025, from $1.4 million at December 31, 2024, driven by $11.9 million in cash flows from operations year-to-date.
- The company deployed new single node channels in Q3 2025, with plans for a large channel crew deployment in Q4, expecting continued quarter-over-quarter revenue increases.
Nov 12, 2025, 9:05 PM
Dawson Geophysical Company Enters into Revolving Credit Note
DWSN
Debt Issuance
- Dawson Geophysical Company (DWSN) and Dawson Operating LLC entered into a Revolving Credit Note with Equify Financial, LLC on October 31, 2025, for a maximum principal amount of $5,035,032.00.
- The note carries an annual interest rate of 13% and is payable in 36 monthly installments of $139,862.00 plus interest, commencing December 20, 2025, and maturing on November 20, 2028.
- The maximum borrowing limit of $5,035,032.00 will be reduced by $139,862.00 on each monthly payment date.
- The obligations are secured by a lien on the Company's vibrator energy source vehicles and include cross-default and cross-collateralization provisions with other loans from Equify Financial, LLC.
Nov 6, 2025, 9:25 PM
Quarterly earnings call transcripts for DAWSON GEOPHYSICAL.
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