For the quarter ending 2026-03-31, DWSN had -$3,533K decrease in cash & cash equivalents over the period. -$1,898K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 7,661 | 569 | -1,153 | -1,357 |
| Depreciation and amortization | 1,997 | 1,876 | 1,349 | 2,445 |
| Non-cash operating lease cost | 191 | 187 | 234 | 504 |
| Non-cash compensation | 47 | 43 | 0 | 87 |
| Bad debt expense | - | 0 | 0 | 177 |
| Gain on disposal of assets | 93 | 57 | 4 | 378 |
| Other | 13 | 0 | 5 | -16 |
| Increase in accounts receivable | 10,207 | 7,193 | -1,350 | -6,673 |
| Decrease in prepaid expenses and other assets | -640 | 907 | 1,318 | -322 |
| (increase) decrease in contract assets | - | - | - | 7,063 |
| (decrease) increase in accounts payable | -437 | 4,067 | 2,512 | -439 |
| Increase (decrease) in accrued liabilities | 1,121 | 5 | -256 | -171 |
| Decrease in operating lease liabilities | -265 | -272 | -282 | -554 |
| (decrease) increase in deferred revenue | -1,107 | 3,768 | -14,226 | 16,365 |
| Net cash (used in) provided by operating activities | -465 | 2,086 | -4,736 | 16,627 |
| Capital expenditures, net of non-cash capital expenditures summarized below | 1,433 | 714 | 5,434 | 683 |
| Proceeds from disposal of assets | 93 | 75 | 15 | 378 |
| Acquisition of short-term investments | - | 370 | - | - |
| Net cash (used in) provided by investing activities | -1,340 | -1,009 | -5,419 | -305 |
| Principal payments on notes payable | 1,413 | 871 | 729 | 1,066 |
| Tax withholdings related to stock based compensation awards | - | 3 | 0 | 45 |
| Principal payments on finance leases | 274 | 323 | 225 | 386 |
| Borrowings on line of credit (related party) | 4,250 | 3,500 | - | - |
| Other | - | -35 | - | - |
| Repayments on line of credit (related party) | 4,250 | 3,500 | - | - |
| Net cash used in financing activities | -1,687 | -1,232 | -954 | -1,497 |
| Effect of exchange rate changes on cash and cash equivalents | -41 | -19 | -38 | 18 |
| Net (decrease) increase in cash and cash equivalents | -3,533 | -174 | -11,147 | 14,843 |
| Cash and cash equivalents at beginning of period | 4,907 | 5,081 | 1,385 | - |
| Cash and cash equivalents at end of period | 1,374 | 4,907 | 5,081 | - |
DAWSON GEOPHYSICAL CO (DWSN)
DAWSON GEOPHYSICAL CO (DWSN)