Drilling Tools International Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $92.1M
- Price
- $2.61
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.14%
- Volume
- 106.5K
About
Drilling Tools International Corp. provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole desander and filters; non-mag and steel drill collars; tubulars; flapper plugs; and well bore conditioning and fraction reduction technologies. The company also provides hole openers, roller reamers, and extended reach drilling tools; stabilizers comprising integral blade, sleeve, and welded blade string stabilizers, as well as hard facing tools; stinger valves; and sub-assemblies, which includes heat-treated steel and non-magnetic metal subs. In addition, it offers handling tools, such as elevators, brackets and bail assembly, slips, tongs, stabbing guides, and safety clamps; blowout preventors and pressure control equipment; and drilling accessories including float valve, ring gauge, tool basket, lift bail, and ditch magnet. Further, the company provides downhole inspection, well fence data automation, and compass services. Drilling Tools International Corp. was founded in 1984 and is headquartered in Houston, Texas.
Quick stats
Shares outstanding35.3M
Computed float19.1M
Float / shares54.0%
Key info
SectorEnergy
IndustryOil & Gas Equipment & Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001884516
AI Summary
AI-generated1/18
standardbullishearnings
Drilling Tools International Corp. Reports 2026 Second Quarter Results
Drilling Tools International reported Q2 revenue of $38.1 million, down from the prior year, with a net loss of $1.8 million or $0.05 per share. Adjusted Free Cash Flow improved to $4.1 million, driven by operational resilience despite softer North American land activity.
CEO Wayne Prejean noted early signs of recovery in key regions and gaining traction for the ClearPath stabilizer technology in offshore markets. The U.S. land rig count increased steadily through the quarter, adding over 20 rigs in June alone.
The company reaffirmed its full-year 2026 outlook, projecting revenue of $155 million to $170 million and Adjusted EBITDA of $35 million to $45 million. Management expects new awards in Europe to drive a material step-up in the second half of the year.
Red flags
- Total revenue declined year-over-year from $39.4M to $38.1M
- Net Debt of $51.7M significantly exceeds cash and cash equivalents of $2.5M
- Reported net loss of $1.8M for the quarter