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NASDAQ · OIL & GAS FIELD EXPLORATION SERVICES · SMALL CAP

Dawson Geophysical Co. DWSN

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$75.6M
▲ 2.0% YoY
$-1.9M
$7.1M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It acquires and processes 2-D, 3-D and multi-component seismic data for clients ranging from major oil and gas companies to independent oil and gas operators, providers of multi-client data libraries and carbon capture sequestration projects. It provides seismic data acquisition services primarily to providers of multi-client data libraries for use in the onshore drilling and production of oil and natural gas in the continental U.S. and Canada, as well as directly to onshore oil and natural gas exploration and development companies. As of December 31, 2025, the company employed 269 full-time employees, of whom 50 were management, sales, and administrative personnel, with the remainder being crew and crew support personnel. During the twelve months ended December 31, 2025, sales to one client represented approximately 51% of revenues, versus 29% for that client during the same period of 2024.

Written from the business description in Dawson Geophysical Company's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 75.6M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 75.6 · Net income -1.9
150M300M-15M-30M
2009201220152018202120242025
Compound annual growth
+13.6%
−2.6%
−10.7%
−2.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2022 · Operating -43.0% · Net -36.1%
-50%-100%
200920172025
ROE
FY2025 · ROE -11.7%
10%20%-10%-20%-30%
200920172025
Three returns, three denominators.

Each USD of equity lost 12 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 7.1
10M20M-10M-20M
200920172025
Net buybacks $M Dividends $M
FY2024 · Dividends 9.9 · Net buybacks ·
4M8M
20092010201120122013201420182024

Total assetsUSD 56.0M
EquityUSD 15.8M
CashUSD 4.9M
Gross debtUSD 11.3M
Net debtUSD 6.4M
Current ratio0.81×

Net debt stands at 41% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
DWSN, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.00.10.10.20.20.10.20.30.30.20.20.10.1
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.00.0
EBITDA $B0.00.0−0.0−0.0−0.00.00.00.00.0−0.00.00.00.1◌◌◌◌
Income tax $B0.00.0−0.00.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.0−0.00.0
Free cash flow $B0.0−0.0−0.0−0.0−0.00.00.0−0.0−0.00.00.0−0.00.00.00.0−0.00.0
EPS, diluted $−0.06−0.13−0.45−0.75−1.23−0.56−0.66−1.07−1.40−1.69−1.27−0.900.742.150.50−0.060.10
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌0.14◌◌◌◌◌
Payout %—−239—————−0———−15020—−00
ROE %−11.7−16.9−30.3−33.5−37.9−13.6−13.8−18.9−20.3−20.1−13.0−6.27.222.118.6−2.33.6
Shares out B0.030.030.030.020.020.020.020.020.020.020.020.010.020.020.02◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityOil & Gas Field Exploration Services
Listed onNASDAQ
Incorporated inTexas
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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