v3.25.4
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Computation of The Company's Basic and Diluted Net Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted net earnings per share for the years ended December 31, 2025 and 2024 (in thousands, except share and per share data):

 

 

Year Ended December 31,

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net income (loss) attributable to Drilling Tools International stockholders

 

$

(3,761

)

 

$

3,014

 

Denominator

 

 

 

 

 

 

Weighted-average common shares used in computing earnings per share — basic

 

 

35,533,268

 

 

 

31,938,847

 

Weighted-average effect of potentially dilutive securities:

 

 

 

 

 

 

Effect of potentially dilutive stock options

 

 

 

 

 

311,277

 

Effect of potentially dilutive performance-based stock options

 

 

 

 

 

41,033

 

Effect of potentially dilutive restricted stock units

 

 

 

 

 

17,022

 

Weighted-average common shares outstanding — diluted

 

 

35,533,268

 

 

 

32,308,179

 

Earnings per share — basic

 

$

(0.11

)

 

$

0.09

 

Earnings per share — diluted

 

$

(0.11

)

 

$

0.09

 

 

 

Summary of Company's Potentially Dilutive Securities Excluded

As of December 31, 2025 and 2024, the Company’s potentially dilutive securities consisted of options to purchase common stock as well as restricted stock units. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net income per share for the periods presented because including them would have had an anti-dilutive effect:

 

 

Year Ended December 31,

 

 

2025

 

 

2024

 

Performance-based options outstanding

 

 

534,063

 

 

 

 

Stock options outstanding

 

 

4,429,563

 

 

 

140,135

 

Restricted stock units outstanding

 

 

1,022,451

 

 

 

 

Total

 

 

5,986,077

 

 

 

140,135