Drilling Tools International CorpDTI

Drilling Tools International Corp’s latest SEC 10-Q for the quarter ended 31 March 2026 shows revenue of $38.0 million while the income statement records a net loss of $1.5 million and a negative diluted EPS of $0.04. Operating cash flow was equally uninspiring at minus $3.2 million, even as the group spent $7.7 million on property, plant and equipment and paid down $136,000 in inventory additions. Stockholders’ equity stood at $120.4 million, but the group’s cash pile was a modest $2.8 million, leaving the working capital ratio looking thinner than a drill collar on a slim-hole well. (source: DTI 10-Q, period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1884516/000119312526214074/dti-20260331.htm)

Behind the polished product pages-premium drill-pipe rentals, diamond PDC refurbishment, desanders, and downhole inspection-lies a business model that still earns 29% of revenue from two customers. DTI Malaysia is consolidated fully, yet the group’s Malaysian operations sit alongside a global inventory balance of $18.6 million and a cash balance that looks more like a rounding error than a war chest. The SEC filing explicitly notes that product sales include charges for lost-in-hole and damaged tools, a phrasing that doubles as a reality check on the marketing copy. (source: DTI 10-Q, https://www.sec.gov/Archives/edgar/data/1884516/000119312526214074/dti-20260331.htm)

The ownership filings tell their own story: in a single fortnight the company filed five documents-Forms 4, 13G, and 144-detailing insider trades and passive stakes. One 13G filed on 13 May disclosed a 5% holder as passive, while the same week’s Forms 4 showed insiders transacting small blocks. The SEC submissions JSON confirms a steady drumbeat of ownership updates, suggesting that if you want the real picture of who owns DTI, the source directs readers to start with the footnotes rather than the annual report’s ownership chapter. (source: DTI SEC submissions JSON, https://data.sec.gov/submissions/CIK0001884516.json)

The group’s product rail shows four main divisions: Premium Pipe Rentals, Completion & Production tools (desanders), Diamond Products (PDC refurbishment and fleet management), and Downhole Inspection Services. None of these pages invent revenue; they simply describe the tools and services on offer, from drill-pipe rentals to pressure-control gear and refurbished polycrystalline diamond compact bits. The visual rail supplies product imagery, but the filings supply the hard numbers: revenue concentration, cash burn, and capex intensity. (source: DTI product rail, https://www.drillingtools.com/premium; https://www.drillingtools.com/CPT; https://www.drillingtools.com/diamond; https://www.drillingtools.com/downhole)

If you’re looking for a chart route, the FreedomCore/Atlas renderer embeds the standard TradingView widget for DTI under the equity symbol DTI:US. The chart reflects the public market price action and venue-level liquidity, but the file itself contains no invented levels or commentary on price. The SEC company facts JSON can be mined for XBRL line items should you need deeper data points, but the traded price and volume are sourced from the exchange feed on the widget. (source: DTI SEC companyfacts JSON, https://data.sec.gov/api/xbrl/companyfacts/CIK0001884516.json)

What changed this week: the SEC updated the EDGAR index for DTI and published the latest ownership and insider trading XML files, which collectively show a flurry of filings activity but no fresh earnings release. There is no evidence in the source rail of a new product launch, contract award, or change in guidance. The next material update will likely be the next 10-Q or any 8-K announcing a material contract or acquisition. In the absence of such news, the file remains a steady-state read: a niche oilfield-tools provider with concentrated revenue, thin liquidity, and a cash burn profile that keeps the spotlight on working capital management rather than expansion dreams. (source: DTI EDGAR index, https://www.sec.gov/edgar/browse/?CIK=1884516)