Drilling Tools International Q2 FY26 net loss narrows to USD 1.8 million; revenue dips to USD 38.1 million
Reuters2026/08/06 21:14- Drilling Tools International posted Q2 2026 revenue of USD 38.1 million; net loss attributable to shareholders narrowed to USD 1.8 million, or USD 0.05 a share.
- Non-GAAP adjusted EBITDA slipped to USD 8.4 million from USD 9.3 million a year earlier; non-GAAP adjusted free cash flow rose to USD 4.1 million.
- Tool rental revenue fell to USD 29.6 million from USD 32.8 million; product sales climbed to USD 8.5 million from USD 6.7 million.
- Management flagged softer North American land activity and disruption in the Middle East, while citing rising U.S. and Canadian rig counts into late quarter.
- DTI reaffirmed full-year guidance for revenue of USD 155 million to USD 170 million, adjusted EBITDA of USD 35 million to USD 45 million.
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