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Companies / Energy / Dawson Geophysical Company
DWSN

Dawson Geophysical Company

EnergyMining
Ticker DWSNMIDLAND, TXFiscal year ends DecemberBook value per share $0.64Diluted shares 31.1M

Dawson Geophysical Company (Nasdaq: DWSN) provides onshore seismic data acquisition and processing services across the continental United States and Canada. Its customers include major and independent oil and gas exploration and development companies, providers of multi-client data libraries, and carbon capture and… From the company’s description.

Over the twelve months to Jun 30, 2026, Dawson Geophysical Company reported revenue of $104.31M, up 86.3% from a year earlier, and net income of $3.64M. Its operating margin was 4.6%, and operations generated $3.35M in cash. In fiscal 2025, it reported revenue of $75.63M, up 2.0% from fiscal 2024, and a net loss of $1.94M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$75.63MFY2025
+2.0% year over year
Last 12 mo $104.31M
-2.20%FY2025
+3.9 percentage points
Last 12 mo 4.59%
$-1.94MFY2025
+52.9% year over year
Last 12 mo $3.64M
-12.28%FY2025
+11.6 percentage points
Last 12 mo 18.15%
Cash & financing
$13.98MFY2025
+849.0% year over year
Last 12 mo $3.35M
$7.15MFY2025
+291.5% year over year
Last 12 mo $-4.45M
1.11FY2025
Was 0.15× a year earlier
Last 12 mo 0.87
31.0MFY2025
+0.4% year over year
Last 12 mo 31.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Dawson Geophysical Company does

In the company’s own words

Dawson Geophysical Company (Nasdaq: DWSN) provides onshore seismic data acquisition and processing services across the continental United States and Canada. Its customers include major and independent oil and gas exploration and development companies, providers of multi-client data libraries, and carbon capture and sequestration projects; its Canadian services also support potash mining. Dawson acquires 2-D, 3-D and multi-component seismic data, as well as surface-recorded microseismic data used to monitor hydraulic fracturing. The company operates two reportable geographic segments, U.S. operations and Canada operations, which provide the same services using similar equipment and personnel. Its crews use vibration equipment or dynamite to generate seismic waves and recording systems to capture subsurface data for clients’ analysis and geologic modeling. As of December 31, 2025, Dawson operated 130 vibrator energy source units and approximately 280,000 recording channels, and employed 269 full-time employees. Its wholly owned subsidiary Eagle Canada Seismic Services ULC provides services in Canada, including heliportable seismic acquisition. The company’s website is www.dawson3d.com.

Company details
Sector
Energy
Industry (SIC)
Mining
Headquarters
MIDLAND, TX
Fiscal year end
December
CIK
799165
SIC
1382

Financial performance, year by year

Fiscal 2011–2025 · USD
$-67.24M$15.10M$97.45M$179.79M$262.13M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Dawson Geophysical Company — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

14
funds hold it
0 of 35
superinvestors hold it
$2.45M
held by funds, at market
1.4%
of shares held by funds

Largest fund holders · Dawson Geophysical Company’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
The Gabelli ABC Fund
GABCX · Gabelli Investor Funds Inc
0.11%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Enterprise Mergers and Acquisitions Fund
EMAAX · Gabelli 787 Fund, Inc.
0.65%of fund net assets
Ultra-Small Company Market Fund
BRSIX · Bridgeway Funds, Inc.
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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