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Drilling Tools International DTI Noncash Lease Expense

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Other financials

Income statement

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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

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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

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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

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Return on equity13.4%-28.2pp
Debt / equity0.4×0.0×
Current ratio2.2×+0.2×

Where this comes from

Reported directly by Drilling Tools International in its filing.

Tagged under the XBRL concept dti:NoncashLeaseExpense.

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 noncash lease expense?
Drilling Tools International (DTI) reported noncash lease expense of $1.22M in Q1 2026.
How has Drilling Tools International's noncash lease expense changed year-over-year?
Drilling Tools International's noncash lease expense decreased by 11.8% year-over-year, from $1.38M to $1.22M.
What is the long-term trend for Drilling Tools International's noncash lease expense?
Over 2 years (2023 to 2025), Drilling Tools International's noncash lease expense has grown at a 10.6% compound annual growth rate (CAGR), from $4.52M to $5.52M.
What does noncash lease expense mean?
This represents the non-cash portion of lease expenses recognized under accounting standards for right-of-use assets. It reflects the systematic allocation of lease costs over the term of the agreement without impacting immediate cash outflows. Investors monitor this to understand the underlying operational cost structure independent of cash-based lease payments.