Drilling Tools International Corporation (DTI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3701 BRIARPARK DRIVE HOUSTON, TX 77042 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 6,891 | 208 | 1,361 | |||
| Cash and cash equivalents | 6,003 | 208 | 1,361 | |||
| Short-term investments | 888 | |||||
| Receivables | 29,929 | |||||
| Inventory, net of allowances, customer advances and progress billings | 5,034 | |||||
| Inventory | 5,034 | |||||
| Prepaid expense | 2,058 | 175 | ||||
| Contract with customer, asset, after allowance for credit loss | ||||||
| Other current assets | 18 | |||||
| Other undisclosed current assets | 2,478 | |||||
| Total current assets: | 46,408 | 383 | 1,361 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 18,786 | |||||
| Property, plant and equipment | 65,800 | |||||
| Intangible assets, net (including goodwill) | 216 | |||||
| Goodwill | ||||||
| Intangible assets, net (excluding goodwill) | 216 | |||||
| Asset, held-in-trust | 213,475 | 209,087 | ||||
| Other undisclosed noncurrent assets | 1,288 | |||||
| Total noncurrent assets: | 86,090 | 213,475 | 209,087 | |||
| TOTAL ASSETS: | 132,498 | 213,858 | 210,448 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 18,330 | 239 | ||||
| Accounts payable | 7,751 | |||||
| Accrued liabilities | 10,579 | 239 | ||||
| Deferred revenue | 1,042 | |||||
| Debt | ||||||
| Other undisclosed current liabilities | 2,916 | |||||
| Total current liabilities: | 22,288 | 239 | ||||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | ||||||
| Long-term debt, excluding current maturities | ||||||
| Liabilities, other than long-term debt | 21,520 | 92 | ||||
| Deferred income tax liabilities | 6,627 | 92 | ||||
| Operating lease, liability | 14,893 | |||||
| Total noncurrent liabilities: | 21,520 | 92 | ||||
| Other undisclosed liabilities | 2,553 | 11 | ||||
| Total liabilities: | 43,808 | 2,644 | 250 | |||
| Temporary equity, carrying amount | 213,184 | 209,070 | ||||
| Equity | ||||||
| Equity, attributable to parent | 88,690 | (1,970) | 1,128 | |||
| Common stock | 3 | 1 | 1 | |||
| Additional paid in capital | 95,218 | 1,363 | ||||
| Accumulated other comprehensive income (loss) | (225) | |||||
| Accumulated deficit | (6,306) | (1,970) | (235) | |||
| Total equity: | 88,690 | (1,970) | 1,128 | |||
| TOTAL LIABILITIES AND EQUITY: | 132,498 | 213,858 | 210,448 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 152,034 | ||||
| Cost of revenue | (35,519) | ||||
| Gross profit: | 116,515 | ||||
| Operating expenses | (88,616) | (1,282) | |||
| Other operating expense, net (Other undisclosed Other operating expense, net) | |||||
| Other undisclosed operating income | |||||
| Operating income (loss): | 27,899 | (1,282) | |||
| Nonoperating income | 111,095 | 2,844 | |||
| Investment income, nonoperating | 119,200 | 2,844 | |||
| Income from continuing operations before equity method investments, income taxes: | 138,994 | 1,562 | |||
| Other undisclosed loss from continuing operations before income taxes | (119,200) | ||||
| Income from continuing operations before income taxes: | 19,794 | 1,562 | |||
| Income tax expense | (5,046) | (546) | |||
| Net income attributable to parent: | 14,748 | 1,016 | |||
| Preferred stock dividends and other adjustments | (628) | ||||
| Other undisclosed net income available to common stockholders, basic | 314 | ||||
| Net income available to common stockholders, basic: | 14,434 | 1,016 | |||
| Other undisclosed net income available to common stockholders, diluted | 314 | ||||
| Net income available to common stockholders, diluted: | 14,748 | 1,016 | |||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income: | 14,748 | 1,016 | |||
| Comprehensive income: | 14,748 | 1,016 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (114) | ||||
| Comprehensive income, net of tax, attributable to parent: | 14,634 | 1,016 | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.