What is Drilling Tools International's net debt?

Drilling Tools International (DTI) reported net debt of $41.38M in Q1 2026.

How has Drilling Tools International's net debt changed year-over-year?

Drilling Tools International's net debt decreased by 10.0% year-over-year, from $45.98M to $41.38M.

What is the long-term trend for Drilling Tools International's net debt?

Over 3 years (2022 to 2025), Drilling Tools International's net debt has grown at a 34.6% compound annual growth rate (CAGR), from $17.65M to $43M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Drilling Tools International DTI Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$38.0M-11.5%

Gross profit$29.0M-0.5%

Operating income$3.3M-35.6%

Net income-$1.5M+7.7%

EPS (diluted)-$0.04+20.0%

Balance sheet

See full

Cash & equivalents$2.8M+1.8%

Total debt$44.2M-9.3%

Total equity$120.4M-1.9%

Total assets$224.7M-3.6%

Cash flow

See full

Operating cash flow-$3.2M-230%

CapEx$7.7M+52.4%

Free cash flow-$10.9M-315%

Valuation

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Market cap$67.82M-35.2%

Enterprise value$109.2M-27.9%

P/S0.4×-0.2×

Profitability

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Gross margin75.1%-29.7pp

Operating margin7.2%-8.6pp

Net margin5.5%-3.2pp

FCF margin-14.7%-151pp

Returns & leverage

See full

Return on equity13.4%-28.2pp

Debt / equity0.4×0.0×

Current ratio2.2×+0.2×

Where this comes from

Calculated from Drilling Tools International’s reported figures.

$44.2Mtotal debt−$2.8Mcash and equivalents=$41.38M

The official record: Drilling Tools International’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Drilling Tools International's net debt?: Drilling Tools International (DTI) reported net debt of $41.38M in Q1 2026.
How has Drilling Tools International's net debt changed year-over-year?: Drilling Tools International's net debt decreased by 10.0% year-over-year, from $45.98M to $41.38M.
What is the long-term trend for Drilling Tools International's net debt?: Over 3 years (2022 to 2025), Drilling Tools International's net debt has grown at a 34.6% compound annual growth rate (CAGR), from $17.65M to $43M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.