v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets, Current [Abstract]    
Cash $ 3,648 $ 6,185
Accounts receivable, net 37,683 39,606
Inventories 18,149 17,502
Prepaid expenses and other current assets 3,866 3,874
Total current assets 64,887 68,076
Property, plant and equipment, net 72,602 75,571
Operating lease right-of-use asset 25,181 22,718
Intangible assets, net 39,674 37,232
Goodwill 14,616 12,147
Deferred financing costs, net 468 817
Deposits and other long-term assets 917 1,608
Total assets 222,181 222,431
Current liabilities    
Accounts payable 9,785 11,983
Accrued expenses and other current liabilities 10,711 7,864
Current portion of operating lease liabilities 4,335 4,121
Current maturities of long-term debt 5,989 6,995
Total current liabilities 30,820 30,963
Operating lease liabilities, less current portion 21,494 18,765
Revolving line of credit 25,000 27,142
Long-term debt, less current portion 14,827 19,676
Deferred tax liabilities, net 7,167 5,926
Total liabilities 99,308 102,472
Commitments and contingencies (See Note 14)
Shareholders' equity    
Common stock, $0.0001 par value, shares authorized 500,000,000 as of December 31, 2025 and December 31, 2024, 35,661,297 issued and outstanding as of December 31, 2025 and 34,704,696 shares issued and outstanding as of December 31, 2024 4 3
Less: Treasury stock at cost, 505,169 and 0 shares as of December 31, 2025 and December 31, 2024, respectively (1,265)  
Additional paid-in-capital 130,801 125,415
Accumulated deficit (7,343) (3,582)
Accumulated other comprehensive income (loss) 664 (1,877)
Total Drilling Tools International stockholder's equity 122,861 119,959
Non-controlling interest 12  
Total equity 122,873 119,959
Total liabilities and shareholders' equity 222,181 222,431
Related Party    
Assets, Current [Abstract]    
Related party note receivable, current 1,541 909
Related party note receivable, less current portion $ 3,836 $ 4,262