Drilling Tools International Q2 FY26 net loss narrows to USD 1.8 million; revenue dips to USD 38.1 million
DTI•Q2 revenue and loss narrow
Drilling Tools International posted Q2 2026 revenue of USD 38.1 million; net loss attributable to shareholders narrowed to USD 1.8 million, or USD 0.05 a share.
Non-GAAP adjusted EBITDA slipped to USD 8.4 million from USD 9.3 million a year earlier; non-GAAP adjusted free cash flow rose to USD 4.1 million.
Revenue mix shifts as guidance is reaffirmed
Tool rental revenue fell to USD 29.6 million from USD 32.8 million; product sales climbed to USD 8.5 million from USD 6.7 million.
Management flagged softer North American land activity and disruption in the Middle East, while citing rising U.S. and Canadian rig counts into late quarter.
DTI reaffirmed full-year guidance for revenue of USD 155 million to USD 170 million, and adjusted EBITDA of USD 35 million to USD 45 million.
