v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total Drilling Tools International Shareholders' Equity
Non-controlling Interest
Beginning balance at Dec. 31, 2024 $ 119,959 $ 3   $ 125,415 $ (3,582) $ (1,877) $ 119,959  
Beginning balance, shares at Dec. 31, 2024   34,704,696            
Issuance of Common Stock related to business combination 2,923 $ 1   2,922     2,923  
Issuance of common stock related to business combination, shares   888,041            
Stock-based compensation 541     541     541  
Foreign currency translation adjustment, net of tax 942         942 942  
Net income (loss) (1,669)       (1,669)   (1,669)  
Ending balance at Mar. 31, 2025 122,696 $ 4   128,878 (5,251) (935) 122,696  
Ending balance, shares at Mar. 31, 2025   35,592,737            
Beginning balance at Dec. 31, 2024 119,959 $ 3   125,415 (3,582) (1,877) 119,959  
Beginning balance, shares at Dec. 31, 2024   34,704,696            
Net income (loss) (4,076)              
Ending balance at Jun. 30, 2025 122,522 $ 4 $ (608) 129,520 (7,658) 1,264 122,522  
Ending balance, shares at Jun. 30, 2025   35,661,297            
Ending balance, shares at Jun. 30, 2025     202,611          
Beginning balance at Mar. 31, 2025 122,696 $ 4   128,878 (5,251) (935) 122,696  
Beginning balance, shares at Mar. 31, 2025   35,592,737            
Shares issued due to vesting of restricted stock units, shares   68,560            
Stock-based compensation 642     642     642  
Treasury stock purchases (608)   $ (608)       (608)  
Treasury stock purchases, shares     202,611          
Foreign currency translation adjustment, net of tax 2,199         2,199 2,199  
Net income (loss) (2,407)       (2,407)   (2,407)  
Ending balance at Jun. 30, 2025 122,522 $ 4 $ (608) 129,520 (7,658) 1,264 122,522  
Ending balance, shares at Jun. 30, 2025   35,661,297            
Ending balance, shares at Jun. 30, 2025     202,611          
Beginning balance at Dec. 31, 2025 $ 122,873 $ 4 $ (1,265) 130,801 (7,343) 664 122,861 $ 12
Beginning balance, shares at Dec. 31, 2025   35,661,297            
Beginning balance, shares at Dec. 31, 2025 505,169   505,169          
Stock-based compensation $ 719     719     719  
Treasury stock purchases (706)   $ (706)       (706)  
Treasury stock purchases, shares     206,800          
Foreign currency translation adjustment, net of tax (754)         (754) (754)  
Restricted Stock Vesting, shares   219,831 63,399          
Restricted stock vesting (221)   $ (221)       (221)  
Net income (loss) (1,538)       (1,540)   (1,540) 2
Stock option exercise, shares   20,000            
Stock option exercise 60     60     60  
Ending balance at Mar. 31, 2026 120,433 $ 4 $ (2,192) 131,580 (8,883) (90) 120,419 14
Ending balance, shares at Mar. 31, 2026   35,901,128            
Ending balance, shares at Mar. 31, 2026     775,368          
Beginning balance at Dec. 31, 2025 $ 122,873 $ 4 $ (1,265) 130,801 (7,343) 664 122,861 12
Beginning balance, shares at Dec. 31, 2025   35,661,297            
Beginning balance, shares at Dec. 31, 2025 505,169   505,169          
Net income (loss) $ (3,330)              
Ending balance at Jun. 30, 2026 $ 119,721 $ 4 $ (2,192) 132,528 (10,670) 41 119,711 10
Ending balance, shares at Jun. 30, 2026   36,057,592            
Ending balance, shares at Jun. 30, 2026 775,368   775,368          
Beginning balance at Mar. 31, 2026 $ 120,433 $ 4 $ (2,192) 131,580 (8,883) (90) 120,419 14
Beginning balance, shares at Mar. 31, 2026   35,901,128            
Beginning balance, shares at Mar. 31, 2026     775,368          
Stock-based compensation 908     908     908  
Foreign currency translation adjustment, net of tax 131         131 131  
Restricted Stock Vesting, shares   143,130            
Net income (loss) (1,792)       (1,788)   (1,788) (4)
Stock option exercise, shares   13,334            
Stock option exercise 40     40     40  
Ending balance at Jun. 30, 2026 $ 119,721 $ 4 $ (2,192) $ 132,528 $ (10,670) $ 41 $ 119,711 $ 10
Ending balance, shares at Jun. 30, 2026   36,057,592            
Ending balance, shares at Jun. 30, 2026 775,368   775,368