Drilling Tools International Corp
drillingtools.comWhat Do They Do?
Rents and sells downhole drilling tools for oil and gas operators and oilfield service companies.
10-K for FY2025, filed Mar 6, 2026Drilling Tools International Corporation is a global oilfield services company that designs, engineers, manufactures and provides a…View ↗
Western Hemisphere — our Western Hemisphere segment focuses on providing a comprehensive range of downhole drilling tools and services…View ↗
Our customer base is comprised of: (i) diversified OSCs, which account for approximately 48% of 2025 revenue, including but not limited to…View ↗
How Do They Make Money?
Oilfield operators and service companies pay rental charges for tools used in drilling, workover and completion jobs, billed by day, month, well or usage. Customers pay for made-to-order products when delivered or available for pickup, and for tools reported lost or damaged beyond repair.
10-K for FY2025, filed Mar 6, 2026The Company recognizes revenues from renting tools on a straight-line basis. The Company’s rental contract periods are daily, monthly, or…View ↗
Product sales consist of charges for rented tools that are damaged beyond repair, charges for lost-in-hole, and charges for lost-in-transit…View ↗
The performance obligation for made to order product sales is satisfied and revenue is recognized at a point in time when control of the…View ↗
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10-K for FY2025, filed Mar 6, 2026
FY2025 revenue by product or service ↗
$159.6M
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10-K for FY2025, filed Mar 6, 2026
$159.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Tool Rental
|
87%
FY2022: 76%
|
Tool Rental, FY2025
$138.2M Sources
|
|
|
Product Sale
Sold outright
10-K for FY2025, filed Mar 6, 2026 |
21%
FY2022: 24%
|
Product Sale, FY2025
$33.9M Sources
|
Sold outright |
Who Are Their Customers?
Diversified oilfield service companies and oil and gas exploration and production operators are the main customer groups; equipment manufacturers also buy from DTI. The company sells tools and services to operators in well construction and casing installation.
10-K for FY2025, filed Mar 6, 2026
10-K for FY2025, filed Mar 6, 2026
During the years ended December 31, 2025 and December 31, 2024, 27% and 28%, respectively, of our total revenue was earned from two of our…View ↗
Do Revenues Turn Into Profits?
No. It lost $3.8M in FY2025.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
−$1.8MView ↗
- ▼ −26% (Loss)
- vs −$2.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
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Aug 6, 2026
DTI reaffirmed its full-year outlook
The company maintained its full-year outlook.
Sources
8-K, filed Aug 6, 2026
Reaffirms 2026 OutlookView ↗
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