Want to see DWSN full AI Analyst Report?
Dawson Geophysical Company (DWSN) AI Stock Analysis
Dawson Geophysical Company
(NASDAQ:DWSN)
The overall score is constrained by very weak technicals, with the stock in a clear downtrend below all major moving averages. Financial performance shows a recovery in profitability, but negative free cash flow and moderate leverage are significant risks. Valuation is neutral and does not provide a catalyst. The company's turnaround is fragile, and the market is currently pricing in significant uncertainty.
Dawson Geophysical Company (DWSN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $56.83M
- Dividend Yield
- ―
- Average Volume (3M)
- 117.84K
- Price to Earnings (P/E)
- 15.0
- Beta (1Y)
- 0.00
- Revenue Growth
- 86.31%
- EPS Growth
- ―
- Country
- US
- Employees
- 269
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Dawson Geophysical Company Business Overview & Revenue Model
Company Description
Dawson Geophysical Company (DWSN) specializes in the collection and interpretation of onshore seismic data, operating across both the United States and Canada. They are adept at capturing and analyzing various forms of seismic information—including 2...
Dawson Geophysical Company Earnings Call Summary
The call presented a number of clear operational and financial improvements: strong Q4 revenue growth (+67%), restoration of quarterly profitability, sizable increases in adjusted EBITDA (both quarter and year), $14 million of operating cash generated, a major equipment investment expanding capacity to over 180,000 channels, and continued cost discipline (G&A down 9%). Offsetting these positives are the remaining full-year net loss (-$1.9 million), a modest year-end cash balance ($4.9 million) after significant capex, relatively small field scale in Q4, no forward guidance, and some uncertainty around external demand drivers. Overall, the positive operational momentum, improved margins and strategic investments outweigh the outstanding challenges.
Q4-2025 Updates
Positive Updates
Negative Updates
Company Guidance
Management said the company would not provide formal guidance, but outlined expectations and key metrics: Q4 fee revenues were $22.9M (up 67% YoY) with Q4 adjusted EBITDA of $3.3M (vs $0.9M), full-year 2025 fee revenues were $61.9M (up 16% YoY) with adjusted EBITDA $4.7M (up 139% YoY), Q4 net income was $0.6M ($0.02/share) vs a prior-year Q4 loss of $0.8M ($0.03), and the FY net loss narrowed to $1.9M ($0.06) from $4.7M ($0.13); the company generated $14M of operating cash flow in 2025, ended the year with $4.9M cash (vs $1.4M), has a $5M revolver with a $4.9M borrowing base and no outstanding balance, purchased $24.2M of new equipment (including single‑node channels delivered Aug 2025–Jan 2026), holds over 180,000 channels, cut G&A 9% in 2025, and has a Board‑approved 2026 capital budget of $3M (including a $0.9M final equipment payment), while operating 4 crews in the Lower 48 and 2 in Canada in Q4 (moving to 3 large‑channel crews in Canada in Q1) and expecting continued improvement in profitability, higher utilization and increased bid activity into Q1 2026.
Dawson Geophysical Company Financial Statement Overview
Summary
Financial performance is mixed. The income statement shows a return to profitability with 8.4% revenue growth and positive net income, but margins remain thin. The balance sheet has moderate leverage (debt-to-equity of 1.0) and a declining equity base. Cash flow is a concern, with negative free cash flow of $4.5 million due to high capital expenditures, despite positive operating cash flow.
Income Statement
65PositiveBalance Sheet
55NeutralCash Flow
48Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 104.31M | 75.63M | 74.15M | 96.85M | 51.63M | 24.70M |
| Gross Profit | 27.71M | 7.35M | 5.40M | 1.70M | -6.75M | 11.83M |
| EBITDA | 12.21M | 4.27M | 1.78M | -3.65M | -6.68M | -16.23M |
| Net Income | 3.64M | -1.94M | -4.12M | -12.15M | -18.64M | -29.09M |
Balance Sheet | ||||||
| Total Assets | 55.32M | 56.01M | 30.87M | 58.19M | 68.67M | 74.04M |
| Cash, Cash Equivalents and Short-Term Investments | 6.13M | 5.28M | 1.39M | 16.04M | 18.87M | 25.64M |
| Total Debt | 20.05M | 20.66M | 5.78M | 6.23M | 4.93M | 5.21M |
| Total Liabilities | 35.29M | 40.20M | 13.59M | 26.76M | 19.87M | 11.56M |
| Stockholders Equity | 20.04M | 15.81M | 17.28M | 31.43M | 48.80M | 62.48M |
Cash Flow | ||||||
| Free Cash Flow | -4.45M | 7.15M | -3.73M | -2.91M | -4.70M | -16.55M |
| Operating Cash Flow | 3.35M | 13.98M | -1.87M | 814.00K | -3.27M | -16.05M |
| Investing Cash Flow | -7.92M | -6.73M | -735.00K | -4.50M | -1.09M | 264.00K |
| Financing Cash Flow | -5.83M | -3.68M | -11.56M | -4.20M | -2.15M | 95.00K |
Dawson Geophysical Company Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DWSN, the sentiment is Negative. The current price of 1.83 is below the 20-day moving average (MA) of 2.27, below the 50-day MA of 2.83, and below the 200-day MA of 3.49, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 21.78 is Positive, neither overbought nor oversold. The STOCH value of 28.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DWSN.
Dawson Geophysical Company Risk Analysis
Dawson Geophysical Company disclosed 34 risk factors in its most recent earnings report. Dawson Geophysical Company reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate11
- Tech & Innovation4
- Legal & Regulatory5
- Production6
- Ability to Sell5
- Macro & Political3
Latest Risks Added
0 New RisksDawson Geophysical Company Peers Comparison
Overall Rating
SND83Outperform
NINE55Neutral- DWSN49Neutral
DTI47Neutral
KLXE46Neutral
RCON42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SND | 83Outperform | $205.21M | 17.91 | 4.41% | 7.23% | 26.53% | 1135.48% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| NINE | 55Neutral | $109.37M | 1.21 | 514.81% | ― | -7.15% | ― |
| DWSN | 49Neutral | $56.83M | 14.99 | 19.56% | ― | 86.31% | ― |
| DTI | 47Neutral | $56.63M | -19.84 | -2.49% | ― | -5.48% | 32.73% |
| KLXE | 46Neutral | $117.30M | -0.35 | 73.91% | ― | -4.78% | 22.13% |
| RCON | 42Neutral | $2.04M | -0.02 | -8.07% | ― | 69.14% | 90.45% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DWSN | Dawson Geophysical | 1.83 | -0.23 | -11.17% | |
| RCON | Recon Technology | 0.98 | -333.02 | -99.71% | |
| SND | Smart Sand Inc | 4.84 | 2.81 | 138.31% | |
| NINE | Nine Energy Service, Inc. | 7.84 | -0.36 | -4.39% | |
| KLXE | Klx Energy Services Holdings | 1.11 | -0.70 | -38.67% | |
| DTI | Drilling Tools International Corp. | 1.60 | -0.63 | -28.03% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 14, 2026