DWSN on Nasdaq
DAWSON GEOPHYSICAL CO
American oil and gas field exploration services company based in Midland2
In its 2026 annual report the company says: “We acquire and process 2-D, 3-D and multi-component seismic data for our clients, ranging from major oil and gas companies to independent oil and gas operators, providers of multi-client data libraries and carbon capture sequestration projects. We provide our seismic data acquisition services primarily to providers of multi-client data libraries for use in the onshore drilling and production of oil and natural gas in the continental U.S. and Canada, as well as directly to onshore oil and natural gas exploration and development companies.”4 Its shares trade on Nasdaq under the symbol DWSN.2
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Last updated Oct 21, 2026.
Overview
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- TickerDWSN on Nasdaq2
- IndustryOil & Gas Field Exploration Services2
- HeadquartersMidland, United States2
- Incorporated inTX3
- Business address508 West Wall, Suite 800, Midland, Tx 797013
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formProfessional Corporation2
- LEI549300R9G1EAMSMLXR092
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o CT CORPORATION SYSTEM, 1999 BRYAN ST., STE. 900, 75201 Dallas, United States2
- Registered withCorporations Section (Texas Secretary of State), 00513184002
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Except as otherwise specifically noted herein, references in this annual report on Form 10-K to the “Company,” “we,” “us” or “our” refer to Dawson Geophysical Company and its consolidated subsidiaries.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-2.2%Operating margin5
-2.6%Net margin5
2.0%Revenue growth, 20255
-12.3%Return on equity5
$7.1MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Fee Revenue brought in 82% of the revenue DAWSON GEOPHYSICAL CO broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Fee Revenue | $53.5M | $61.9M |
| Reimbursable Revenue | $20.7M | $13.7M |
Business segments
United States Operations brought in 79% of the revenue DAWSON GEOPHYSICAL CO broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| United States Operations | $61.2M | $59.8M |
| Canada Operations | $12.9M | $15.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue83¢$62.6M
- Other costs17¢$13.0M
- Income tax0¢$6.0K
Out of $75.6M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending49¢$6.8M
- Kept or used elsewhere51¢$7.1M
Out of $14.0M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Operating revenues | $75.6M | $74.2M |
| Total operating expenses | $62.6M | $63.0M |
| General and administrative | $9.0M | $9.9M |
| Depreciation and amortization | $5.7M | $5.7M |
| Total operating costs | $77.3M | $78.7M |
| Loss from operations | -$1.7M | -$4.5M |
| Interest income | $117.0K | $308.0K |
| Interest expense | -$536.0K | -$159.0K |
| Other income, net | $148.0K | $288.0K |
| Loss before income tax | -$1.9M | -$4.1M |
| Income tax expense | -$6.0K | -$7.0K |
| Net loss | -$1.9M | -$4.1M |
| Net unrealized income (loss) on foreign exchange rate translation | $386.0K | -$571.0K |
| Comprehensive loss | -$1.6M | -$4.7M |
| Basic loss per share of common stock (in dollars per share) | -$0.06 | -$0.13 |
| Diluted loss per share of common stock (in dollars per share) | -$0.06 | -$0.13 |
| Weighted average equivalent common shares outstanding (in shares) | 31.0M shares | 30.9M shares |
| Weighted average equivalent common shares outstanding - assuming dilution (in shares) | 31.0M shares | 30.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.9M | $1.4M | |
| Short-term investments | $370.0K | $0 | |
| Accounts receivable, net of allowance for credit losses of $250 at December 31, 2025 and 2024 | $9.4M | $10.0M | $12.7M |
| Prepaid expenses and other current assets | $7.2M | $3.2M | |
| Total current assets | $21.8M | $14.5M | |
| Property and equipment | $254.0M | $238.1M | |
| Less accumulated depreciation | -$223.2M | -$225.1M | |
| Property and equipment, net | $30.8M | $13.0M | |
| Operating lease right-of-use assets | $3.0M | $3.0M | |
| Intangibles, net | $364.0K | $348.0K | |
| Total assets | $56.0M | $30.9M | |
| Accounts payable | $9.6M | $3.4M | |
| Payroll costs and other taxes | $1.5M | $2.0M | |
| Other | $994.0K | $830.0K | |
| Deferred revenue | $7.5M | $1.6M | $11.8M |
| Current maturities of notes payable and finance leases | $6.2M | $1.0M | |
| Current maturities of operating lease liabilities | $1.1M | $1.1M | |
| Total current liabilities | $26.8M | $9.9M | |
| Notes payable and finance leases, net of current maturities | $11.3M | $1.5M | |
| Operating lease liabilities, net of current maturities | $2.0M | $2.1M | |
| Deferred tax liabilities, net | $17.0K | $16.0K | |
| Total liabilities | $40.2M | $13.6M | |
| Common stock-par value $0.01 per share; 35,000,000 shares authorized, 31,052,840 and 30,983,437 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $311.0K | $310.0K | |
| Additional paid-in capital | $157.2M | $157.1M | |
| Accumulated deficit | -$139.6M | -$137.6M | |
| Accumulated other comprehensive loss, net | -$2.1M | -$2.5M | |
| Total stockholders' equity | $15.8M | $17.3M | $31.4M |
| Total liabilities and stockholders' equity | $56.0M | $30.9M | |
| Allowance for credit losses | $250.0K | $250.0K | $250.0K |
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Preferred stock, shares authorized | 4.0M shares | 4.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized | 35.0M shares | 35.0M shares | |
| Common stock, shares issued | 31.1M shares | 31.0M shares | |
| Common stock, shares outstanding | 31.1M shares | 31.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.9M | $1.4M | |
| Short-term investments | $370.0K | $0 | |
| Accounts receivable, net of allowance for credit losses of $250 at December 31, 2025 and 2024 | $9.4M | $10.0M | $12.7M |
| Prepaid expenses and other current assets | $7.2M | $3.2M | |
| Total current assets | $21.8M | $14.5M | |
| Property and equipment | $254.0M | $238.1M | |
| Less accumulated depreciation | -$223.2M | -$225.1M | |
| Property and equipment, net | $30.8M | $13.0M | |
| Operating lease right-of-use assets | $3.0M | $3.0M | |
| Intangibles, net | $364.0K | $348.0K | |
| Total assets | $56.0M | $30.9M | |
| Accounts payable | $9.6M | $3.4M | |
| Payroll costs and other taxes | $1.5M | $2.0M | |
| Other | $994.0K | $830.0K | |
| Deferred revenue | $7.5M | $1.6M | $11.8M |
| Current maturities of notes payable and finance leases | $6.2M | $1.0M | |
| Current maturities of operating lease liabilities | $1.1M | $1.1M | |
| Total current liabilities | $26.8M | $9.9M | |
| Notes payable and finance leases, net of current maturities | $11.3M | $1.5M | |
| Operating lease liabilities, net of current maturities | $2.0M | $2.1M | |
| Deferred tax liabilities, net | $17.0K | $16.0K | |
| Total liabilities | $40.2M | $13.6M | |
| Common stock-par value $0.01 per share; 35,000,000 shares authorized, 31,052,840 and 30,983,437 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $311.0K | $310.0K | |
| Additional paid-in capital | $157.2M | $157.1M | |
| Accumulated deficit | -$139.6M | -$137.6M | |
| Accumulated other comprehensive loss, net | -$2.1M | -$2.5M | |
| Total stockholders' equity | $15.8M | $17.3M | $31.4M |
| Total liabilities and stockholders' equity | $56.0M | $30.9M | |
| Allowance for credit losses | $250.0K | $250.0K | $250.0K |
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Preferred stock, shares authorized | 4.0M shares | 4.0M shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized | 35.0M shares | 35.0M shares | |
| Common stock, shares issued | 31.1M shares | 31.0M shares | |
| Common stock, shares outstanding | 31.1M shares | 31.0M shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$1.9M | -$4.1M |
| Depreciation and amortization | $5.7M | $5.7M |
| Non-cash operating lease cost | $925.0K | $1.1M |
| Non-cash compensation | $130.0K | $473.0K |
| Deferred income tax expense | $1.0K | |
| Bad debt expense | $177.0K | |
| Gain on disposal of assets | -$439.0K | -$409.0K |
| Other | $11.0K | -$11.0K |
| Decrease in accounts receivable | $830.0K | $2.5M |
| (Increase) decrease in prepaid expenses and other assets | -$1.9M | $5.7M |
| Increase (decrease) in accounts payable | $6.1M | -$128.0K |
| Decrease in accrued liabilities | -$422.0K | -$1.2M |
| Decrease in operating lease liabilities | -$1.1M | -$1.2M |
| Increase (decrease) in deferred revenue | $5.9M | -$10.3M |
| Net cash provided by (used in) operating activities | $14.0M | -$1.9M |
| Capital expenditures, net of non-cash capital expenditures summarized below | -$6.8M | -$1.9M |
| Proceeds from disposal of assets | $468.0K | $533.0K |
| Proceeds from insurance claim | $332.0K | |
| Proceeds from maturity of short-term investments | $265.0K | |
| Acquisition of short-term investments | -$370.0K | |
| Net cash used in investing activities | -$6.7M | -$735.0K |
| Principal payments on notes payable | -$2.7M | -$947.0K |
| Principal payments on finance leases | -$934.0K | -$680.0K |
| Borrowings on line of credit (related party) | $3.5M | |
| Repayments on line of credit (related party) | -$3.5M | |
| Tax withholdings related to stock based compensation awards | -$48.0K | -$76.0K |
| Other | -$35.0K | |
| Dividends paid | -$9.9M | |
| Net cash used in financing activities | -$3.7M | -$11.6M |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | -$39.0K | -$223.0K |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $3.5M | -$14.4M |
| Cash paid for interest | $429.0K | $159.0K |
| Cash paid for income taxes | $9.0K | $59.0K |
| Cash received for income taxes | $70.0K | $17.0K |
| Increase (decrease) in accrued purchases of property and equipment | -$332.0K | |
| Finance leases incurred | $1.1M | $1.3M |
| Increase in right-of-use assets and operating lease liabilities | $909.0K | $977.0K |
| Financed equipment purchases | $15.4M | |
| Financed insurance premiums | $2.0M | $204.0K |
No quarter-by-quarter statement was filed.
Corporate structure
DAWSON GEOPHYSICAL CO sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of DAWSON GEOPHYSICAL CO
- Farris Wilks Filed SCHEDULE 13D/A on DAWSON GEOPHYSICAL CO, latest Jan 5, 2026
- Dan H. Wilks Filed SCHEDULE 13D/A on DAWSON GEOPHYSICAL CO, latest Oct 29, 2025 (3 filings since Jun 29, 2023)
- Arena Investors Filed SC 13G/A on DAWSON GEOPHYSICAL CO, latest Feb 14, 2023 (2 filings since Dec 21, 2021)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on DAWSON GEOPHYSICAL CO, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on DAWSON GEOPHYSICAL CO, latest Feb 10, 2023 (2 filings since Feb 8, 2022)
- John M. Schneider Filed SC 13G/A on DAWSON GEOPHYSICAL CO, latest Feb 17, 2022 (2 filings since Oct 8, 2021)
- Ameriprise Financial Filed SC 13G/A on DAWSON GEOPHYSICAL CO, latest Feb 14, 2022
- Wilks Brothers, LLC Filed SC 13D/A on DAWSON GEOPHYSICAL CO, latest Jan 28, 2022 (3 filings since Oct 25, 2021)
- GRACE & WHITE INC /NY Filed SC 13G/A on DAWSON GEOPHYSICAL CO, latest Dec 7, 2021
- DAWSON GEOPHYSICAL CO Midland, Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What DAWSON GEOPHYSICAL CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $2.8M5 Dec 31, 2025 | $3.0M5 Dec 31, 2024 | −4.2% |
| Operating-lease assets (leased space) | $3.0M5 Dec 31, 2025 | $3.0M5 Dec 31, 2024 | +1.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $4.9M5 Dec 31, 2025 | $1.4M5 Dec 31, 2024 | +254.3% |
| Marketable securities, current | $370.0K5 Dec 31, 2025 | $05 Dec 31, 2024 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $364.0K5 Dec 31, 2025 | $348.0K5 Dec 31, 2024 | +4.6% |
Properties, in its own words
Our headquarters are located in a 34,570 square foot leased property in Midland, Texas. Additionally, we own two properties in Midland, including a 61,402 square foot property that we use as a field office, equipment and fabrication facility, and maintenance and repair shop, and a 6,600 square foot property that we use as an inventory field office and storage facility.
We lease a 5,181 square foot office in Plano, Texas consisting of office space.
The rest of Item 2
We lease a 15,020 square foot facility in Calgary, Alberta consisting of office, warehouse and shop space.
We lease a 10,800 square foot facility in Wheatland County, Alberta consisting of shop space.
We believe that our existing facilities are being appropriately utilized and are well maintained, suitable for their intended use, and adequate to meet our current and future operating requirements.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led DAWSON GEOPHYSICAL CO, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerStephen C. Jumper Feb 12, 2015 to Aug 18, 202214
- Chief executive officerWayne A. Whitener Feb 14, 2006 to Aug 4, 201415
- PresidentStephen C. Jumper Feb 12, 2015 to Aug 18, 202214
- PresidentWayne A. Whitener Feb 14, 2006 to Aug 4, 201415
- Chief financial officerIan M. Shaw Apr 19, 2024 to now16
- Chief financial officerJames Kevin Brata Dec 18, 2008 to Aug 18, 202217
- Chief operating officerC. Ray Tobias Feb 12, 2015 to Aug 18, 202218
Board members and other officers (23)
- EVP, Chief Accounting OfficerChristina W. Hagan Feb 12, 2015 to May 25, 201619
- EVP, Chief Technical OfficerJames W. Thomas Feb 12, 2015 to Aug 11, 202020
- Vice PresidentJames Kevin Brata Jun 24, 2008 to Oct 27, 200821
- Vice PresidentDaniel G. Winn Feb 14, 2006 to Aug 4, 201422
- Secretary and TreasurerKenneth W. Uselton Feb 14, 2006 to Oct 27, 200823
- Board memberFarris Wilks Jan 5, 2026 to now24
- Board memberAlbert S. Conly Oct 4, 2024 to Oct 4, 202425
- Board memberJose Carlos Fernandes Oct 4, 2024 to Oct 4, 202426
- Board memberBruce Franklin Bradley Jan 27, 2022 to Oct 4, 202427
- Board memberMatthew Wilks Jan 27, 2022 to Oct 30, 202328
- Board memberSergei Krylov Jan 27, 2022 to now29
- Board memberMichael L. Klofas May 9, 2018 to Jan 20, 202230
- Board memberCraig W. Cooper Feb 12, 2015 to Jan 20, 202231
- Board memberPloeg Mark A. Vander Feb 12, 2015 to Jan 20, 202232
- Board memberStephen C. Jumper Feb 12, 2015 to Jan 20, 202214
- Board memberTed R. North Feb 12, 2015 to Jan 20, 202233
- Board memberStephanie P. Hurtt Jun 8, 2007 to Feb 12, 201534
- Board memberAllen T. McInnes Feb 13, 2006 to Jun 1, 201835
- Board memberEdward L. Flynn Feb 13, 2006 to Feb 12, 201536
- Board memberHerbert M. Gardner Feb 13, 2006 to Feb 12, 201537
- Board memberWilliam J. Barrett Feb 13, 2006 to Jan 2, 202038
- Board memberWayne A. Whitener Feb 14, 2006 to May 31, 201915
- Board memberWilliam C. Hurtt Jr. Apr 27, 2006 to May 8, 200639
Former names
- TGC INDUSTRIES INCNov 13, 1995 to Feb 11, 20153
Timeline
- Aug 13, 20268-K Results of operations40
- May 14, 20268-K Results of operations41
- Mar 31, 20268-K Results of operations42
- Nov 12, 20258-K Results of operations43
- Nov 6, 20258-K Entered a material agreement; New debt or obligation44
- Aug 12, 20258-K Results of operations45
- Aug 11, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation46
- Jun 20, 20258-K Shareholder vote47
- May 13, 20258-K Results of operations48
- Mar 28, 20258-K Results of operations49
- Nov 12, 20248-K Results of operations50
- Aug 12, 20248-K Results of operations51
- Feb 12, 2015New chief executive Stephen C. Jumper becomes CEO14
- Feb 14, 2006New chief executive Wayne A. Whitener becomes CEO15
- Mar 28, 1980Founded DAWSON GEOPHYSICAL CO is founded2
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/202652
When it reported results
- Aug 13, 2026Reported quarterly or annual results40
- May 14, 2026Reported quarterly or annual results41
- Mar 31, 2026Reported quarterly or annual results42
- Nov 12, 2025Reported quarterly or annual results43
- Aug 12, 2025Reported quarterly or annual results45
- May 13, 2025Reported quarterly or annual results48
- Mar 28, 2025Reported quarterly or annual results49
- Nov 12, 2024Reported quarterly or annual results50
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
160 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 47 major events, 47 insider forms, 17 large holders, 26 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 1, 20264 OWNERSHIP DOCUMENT EDGAR
- May 15, 202610-Q EDGAR
- May 14, 20268-K EDGAR
- Apr 30, 202610-K/A EDGAR
- Mar 31, 202610-K EDGAR
- Mar 31, 20268-K EDGAR
- Jan 5, 2026SCHEDULE 13D/A EDGAR
- Jan 5, 20264 EDGAR
- Nov 13, 202510-Q EDGAR
- Nov 12, 20258-K EDGAR
- Nov 6, 20258-K EDGAR
- Oct 29, 2025SCHEDULE 13D/A EDGAR
- Oct 28, 20254 OWNERSHIP DOCUMENT EDGAR
- Oct 28, 20254 OWNERSHIP DOCUMENT EDGAR
- Sep 9, 20254 OWNERSHIP DOCUMENT EDGAR
- Aug 21, 20254 OWNERSHIP DOCUMENT EDGAR
- Aug 18, 20254 OWNERSHIP DOCUMENT EDGAR
- Aug 18, 20254 OWNERSHIP DOCUMENT EDGAR
The 160 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 14, 2023 | Wilks FarrisDirector | Buy | 8,895 | $2.23 | $19.8K | Form 4 |
| Jun 14, 2023 | Wilks FarrisDirector | Buy | 8,895 | $2.23 | $19.8K | Form 4 |
| Jun 13, 2023 | WB Acquisitions Inc.10% owner | Buy | 4,438 | $2.19 | $9.7K | Form 4 |
| Jun 12, 2023 | WB Acquisitions Inc.10% owner | Buy | 8,604 | $2.18 | $18.8K | Form 4 |
| Jun 12, 2023 | WB Acquisitions Inc.10% owner | Buy | 4,166 | $2.17 | $9.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Farris WilksSCHEDULE 13D/A, 1 filing Jan 5, 202653
- Dan H. WilksSCHEDULE 13D/A, 3 filings Jun 29, 2023 to Oct 29, 202554
- Arena InvestorsSC 13G/A, 2 filings Dec 21, 2021 to Feb 14, 202355
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202356
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 2 filings Feb 8, 2022 to Feb 10, 202357
- John M. SchneiderSC 13G/A, 2 filings Oct 8, 2021 to Feb 17, 202258
- Ameriprise FinancialSC 13G/A, 1 filing Feb 14, 202259
- Wilks Brothers, LLCSC 13D/A, 3 filings Oct 25, 2021 to Jan 28, 202260
- GRACE & WHITE INC /NYSC 13G/A, 1 filing Dec 7, 202161
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Anthony Clark | 67 | $350.4K | $365.7K62 |
| 2024 | Ray Mays | 67 | $324.6K | $346.7K62 |
| 2024 | Ian Shaw | 41 | $120.0K62 | |
| 2023 | Former ChiefExecutive Officer and President | $360.0K | $1.8M62 | |
| 2023 | Former Executive VicePresident and Chief | $387.1K | $1.2M62 | |
| 2023 | Former Executive Vice PresidentChief Financial | $339.0K | $1.0M62 | |
| 2023 | President and Chief Executive Officer | $234.2K | $252.1K62 | |
| 2023 | Chief Operating Officer | $146.9K | $158.0K62 | |
| 2023 | Chief Financial Officer | $9.2K62 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 39. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Grace & White Inc /ny | 702,917 | $4.2M | 0.7% | −76,226 |
| RBF Capital, LLC | 423,797 | $2.5M | 0.1% | No change |
| Vanguard Capital Management LLC | 156,877 | $931.8K | 0.0% | +43,636 |
| Gabelli Funds LLC | 145,200 | $862.5K | 0.0% | No change |
| Marshall Wace, Llp | 86,797 | $515.6K | 0.0% | +45,778 |
| Geode Capital Management, LLC | 83,645 | $496.9K | 0.0% | +2,459 |
| Hillsdale Investment Management Inc. | 54,404 | $323.2K | 0.0% | +20,000 |
| Us Bancorp \de\ | 53,443 | $317.5K | 0.0% | No change |
| Citadel Advisors LLC | 40,178 | $238.7K | 0.0% | New |
| Pinnacle Associates Ltd | 38,360 | $227.9K | 0.0% | −2,000 |
| Two Sigma Investments, LP | 34,016 | $202.1K | 0.0% | −600 |
| Vanguard Fiduciary Trust Co | 33,220 | $197.3K | 0.0% | No change |
| State Street Corp | 28,890 | $171.6K | 0.0% | No change |
| Salem Investment Counselors Inc | 26,225 | $155.8K | 0.0% | No change |
| BlackRock, Inc. | 21,955 | $130.4K | 0.0% | +5,302 |
| Bridgeway Capital Management, LLC | 21,710 | $129.0K | 0.0% | No change |
| Sanders Morris Harris LLC | 20,000 | $118.8K | 0.1% | New |
| Teton Advisors, LLC | 20,000 | $118.8K | 0.1% | No change |
| Jane Street Group, LLC | 15,496 | $92.0K | 0.0% | New |
| Kingswood Wealth Advisors, LLC | 14,228 | $84.5K | 0.0% | +193 |
| Northern Trust Corp | 13,830 | $82.2K | 0.0% | −3,829 |
| Raymond James Financial Inc | 10,593 | $62.9K | 0.0% | −300 |
| UBS Group AG | 5,209 | $30.9K | 0.0% | +4,009 |
| Integrated Wealth Concepts LLC | 4,500 | $26.7K | 0.0% | New |
| Mcguire Capital Advisors Inc | 2,000 | $11.9K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How DAWSON GEOPHYSICAL CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDAWSON GEOPHYSICAL CO1
- CIK0000799165
- Employer ID (EIN)74-20958444
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inTexas4
- Fiscal year endsDecember 311
- Industry code (SIC)1382 Oil & Gas Field Exploration Services1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address508 West Wall, Suite 800, Midland, TX 797011
- Phone43268430001
- Shares outstanding31,055,618 as of Aug 12, 202613
- Public float$9.2M as of Jun 30, 20254
- AuditorRSM US LLP, Houston, Texas PCAOB ID 49; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 13, 19951
- Filings1,148 in all: 4 (404), 8-K (265), SC 13G/A (63), 10-Q (59), 10QSB (34), DEF 14A (31), SC 13G (30), 425 (25)1
All 54 form types
5 (25), 3 (24), 4/A (20), 10-K (19), SC 13D (18), CORRESP (17), UPLOAD (16), 10KSB (12), S-8 (7), SC 13D/A (7), 10-K/A (6), ARS (5), 8-K/A (4), PRE 14A (4), SB-2/A (4), SC 14D9/A (4), 8-A12B (3), DEFA14A (3), NT 10-K (3), PRER14A (3), SB-2 (3), SC TO-T/A (3), PRES14A (2), S-4/A (2), SCHEDULE 13D/A (2), 10-QT (1), 10KSB/A (1), 10QSB/A (1), 25 (1), 424B3 (1), 424B4 (1), 5/A (1), 8-A12G (1), CERTAMX (1), CERTNAS (1), DEFM14A (1), DEFR14A (1), DEFS14A (1), EFFECT (1), NT 10-Q (1), POS EX (1), PREM14A (1), S-4 (1), S-8 POS (1), SC 14D9 (1), SC TO-T (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Apr 30, 2025
Latest 8-K (8-K) Aug 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | DWSN | The NASDAQ Stock Market |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks DAWSON GEOPHYSICAL CO names in Item 1A of its 10-K filed Mar 31, 2026: 32 risks under these headings, as written.4
- Current macroeconomic conditions, including inflationary pressures in the broader U.S. economy and military conflicts between Russia and Ukraine and in the Middle East have had, and are expected to continue to have, an impact on oil and gas commodity prices and, therefore, demand for our services and, depending on the duration and severity, could have a material adverse effect on our business, financial condition, results of operations and cash flows.
- We derive substantially all of our revenues from providers of multi-client data libraries and companies in the oil and natural gas exploration and development industry. The oil and natural gas industry is a historically cyclical industry with levels of activity that are significantly affected by the levels and volatility of oil and natural gas prices.
- We are a "controlled company", which exempts us from certain corporate governance requirements that are designed to provide protection to stockholders of companies that are not controlled companies.
- Conflicts of interest could arise between us, on the one hand, and Wilks and entities owned by or affiliated with them, on the other hand, concerning among other things, business transactions, competitive business activities or business opportunities.
- We may pursue acquisitions or other strategic relationships that involve inherent risks, any of which may cause us to not realize anticipated benefits.
- A limited number of clients operating in a single industry account for a significant portion of our revenues, and the loss of one of these clients could adversely affect our results of operations.
- Our clients could delay, reduce or cancel their service contracts with us on short notice, which may lead to lower than expected demand and revenues.
- Our revenues, operating results and cash flows may fluctuate from period to period, which may make it difficult to forecast our future performance and may result in volatility in our stock price.
- We extend credit to our clients without requiring collateral, and a default by a client could have a material adverse effect on our operating revenues.
- We have historically incurred net losses.
- We identified a material weakness in our internal control over financial reporting. If we are unable to remediate the material weakness, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control over financial reporting, this may result in material misstatements or restatements of our consolidated financial statements or cause us to fail to meet our periodic reporting obligations.
- The high fixed costs of our operations could result in continuing or increasing operating losses.
The other 20 risks
- We have indebtedness from time to time under a credit facility with Equify Financial, a related party, and certain of our accounts receivable and seismic equipment are pledged as collateral for these obligations. Our ability to borrow may be limited if our accounts receivable decreases or if Equify Financial is unable or unwilling to extend us credit.
- Our financial results could be adversely affected by asset impairments.
- Our profitability is determined, in part, by the utilization level and productivity of our crews and is affected by numerous external factors that are beyond our control.
- We face competition in our business, which could result in downward pricing pressure and the loss of market share.
- Inclement weather may adversely affect our ability to complete projects and could, therefore, adversely affect our results of operations.
- Our operations are subject to delays related to obtaining land access rights of way from third parties, which could affect our results of operations.
- Capital requirements for our operations are large. If we are unable to finance these requirements, we may not be able to maintain our competitive advantage.
- Consistent technological change in our business creates obsolescence risks and requires capital expenditures to maintain market share. If we are unable to keep up with these technological advances, we may not be able to compete effectively.
- We have incorporated and may further incorporate artificial intelligence (AI) into our internal operations to enhance employee productivity. Implementation of artificial intelligence technologies may result in legal and regulatory risks, reputational harm, or other adverse consequences to our business.
- We rely on a limited number of key suppliers for specific seismic services and equipment.
- We are dependent on our management team and key employees, and inability to retain our current team or attract new employees could harm our business.
- We are subject to Canadian foreign currency exchange rate risk.
- Our common stock has experienced, and may continue to experience, price volatility and low trading volume.
- We may be subject to liability claims that are not covered by our insurance.
- We may be held liable for the actions of our subcontractors.
- We operate under hazardous conditions that subject us to risk of damage to property or personnel injuries and may interrupt our business.
- Loss of our information and computer systems could adversely affect our business.
- Our business could be negatively impacted by security threats, including cyber-security threats and other disruptions.
- Legislation or regulation relating to greenhouse gas emissions could negatively affect the exploration and production of oil and gas and adversely affect demand for our services.
- New regulation or legislation that limits or prohibits hydraulic fracturing could negatively affect the exploration and production of oil and gas and adversely affect demand for our services.
Legal proceedings
For a discussion of certain contingencies and legal proceedings affecting the Company, please refer to “Note 16, Commitments and Contingencies” in the Notes to the Consolidated Financial Statements, which is incorporated by reference herein.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARIan M. Shaw, Chief financial officer
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- 21SEC EDGARJames Kevin Brata, Vice President
- 22SEC EDGARDaniel G. Winn, Vice President
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- 24SEC EDGARFarris Wilks, Board member
- 25SEC EDGARAlbert S. Conly, Board member
- 26SEC EDGARJose Carlos Fernandes, Board member
- 27SEC EDGARBruce Franklin Bradley, Board member
- 28SEC EDGARMatthew Wilks, Board member
- 29SEC EDGARSergei Krylov, Board member
- 30SEC EDGARMichael L. Klofas, Board member
- 31SEC EDGARCraig W. Cooper, Board member
- 32SEC EDGARPloeg Mark A. Vander, Board member
- 33SEC EDGARTed R. North, Board member
- 34SEC EDGARStephanie P. Hurtt, Board member
- 35SEC EDGARAllen T. McInnes, Board member
- 36SEC EDGAREdward L. Flynn, Board member
- 37SEC EDGARHerbert M. Gardner, Board member
- 38SEC EDGARWilliam J. Barrett, Board member
- 39SEC EDGARWilliam C. Hurtt Jr., Board member
- 40SEC EDGARResults of operations
- 41SEC EDGARResults of operations
- 42SEC EDGARResults of operations
- 43SEC EDGARResults of operations
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- 45SEC EDGARResults of operations
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- 47SEC EDGARShareholder vote
- 48SEC EDGARResults of operations
- 49SEC EDGARResults of operations
- 50SEC EDGARResults of operations
- 51SEC EDGARResults of operations
- 52NasdaqNasdaq calendar
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