v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets, Current [Abstract]    
Cash $ 2,520 $ 3,648
Accounts receivable, net 43,494 37,683
Inventories 20,160 18,149
Prepaid expenses and other current assets 6,073 3,866
Total current assets 73,788 64,887
Property, plant and equipment, net 71,815 72,602
Operating lease right-of-use asset 24,458 25,181
Intangible assets, net 38,143 39,674
Goodwill, net 14,543 14,616
Deferred financing costs, net 512 468
Deposits and other long-term assets 1,313 917
Total assets 228,591 222,181
Current liabilities    
Accounts payable 14,544 9,785
Accrued expenses and other current liabilities 8,759 10,711
Current portion of operating lease liabilities 4,639 4,335
Current maturities of long-term debt 5,932 5,989
Total current liabilities 33,874 30,820
Operating lease liabilities, less current portion 20,552 21,494
Revolving line of credit 39,330 25,000
Long-term debt, less current portion 8,957 14,827
Deferred tax liabilities, net 6,157 7,167
Total liabilities 108,870 99,308
Commitments and contingencies (See Note 15)
Shareholders' equity    
Common stock, $0.0001 par value, shares authorized 125,000,000; issued 36,057,592 and 35,661,297, respectively; outstanding 35,282,224 and 35,156,128, respectively 4 4
Less: Treasury stock at cost, 775,368 and 505,169 shares, respectively (2,192) (1,265)
Additional paid-in-capital 132,528 130,801
Accumulated deficit (10,670) (7,343)
Accumulated other comprehensive income (loss) 41 664
Total Drilling Tools International shareholders' equity 119,711 122,861
Non-controlling interest 10 12
Total equity 119,721 122,873
Total liabilities and shareholders' equity 228,591 222,181
Related Party    
Assets, Current [Abstract]    
Related party note receivable, current 1,541 1,541
Related party note receivable, less current portion $ 4,019 $ 3,836