Event-Driven Stocks

DAWSON GEOPHYSICAL CO

DWSNNasdaq

Energy · Oil & Gas Field Exploration Services · TX · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 3 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$75.6M$74.2M$96.8M$51.6M$24.7M$86.1M
Operating income−$1.7M−$4.5M−$13.1M−$22.2M−$29.2M−$14.0M
Net income−$1.9M−$4.1M−$12.1M−$18.6M−$29.1M−$13.2M
Total assets$56.0M$30.9M$57.5M$68.7M$74.0M$103.4M
Total liabilities$40.2M$13.6M————
Equity$15.8M$17.3M$31.4M$48.8M$62.5M$91.0M
EPS (diluted)$-0.06$-0.13$-0.45$-0.75$-1.23$-0.56
Shares out.31.0M30.8M23.8M23.7M23.5M23.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−2.2%
Net margin
−2.6%
Return on equity
−12.3%
Return on assets
−3.5%
Return on capital (ROCE)
−5.7%
Liabilities / assets
71.8%
Debt / equity
2.54×
Book value / share
$0.51
Revenue growth (YoY)
2.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-8.50distress
Accruals / assets
−28.4%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
58
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 3 warning● 3 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026113,1371.0-20.9%
Apr 30, 2026142,9711.5+10.2%
Apr 15, 2026129,7021.0+11.6%
Mar 31, 2026116,1831.0+52.0%
Mar 13, 202676,4221.0+111.6%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (3)

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