DTI 8-K SEC Filing Analysis

Latest settled — T+20d

DTI ▼ -9.33% at T+20d

SHORT call ✓ call won +9.33% · α vs SPY +9.36% · entry $3.00 → $2.72

Next anchor: T+60d in 7w

Last close $2.63 (close Jun 12) · +12.33% from $3.00 entry (call sign-flipped)

Entry anchored
May 7, 2026
via day open

T+1d

-3.67%

call +3.67% · α +3.90%

$2.89

settled 5w ago

T+5d

+3.33%

call -3.33% · α -1.87%

$3.10

settled 5w ago

T+20d

-9.33%

call +9.33% · α +9.36%

$2.72

settled 10d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

DTI reported Q1 2026 revenue of $38.0M, down 11.5% YoY from $42.9M, and a GAAP net loss of $1.5M (-$0.04/share), compared to a $1.7M loss (-$0.05/share) in Q1 2025. Adjusted EBITDA fell 30% YoY to $7.5M from $10.8M, and operating cash flow turned negative at -$3.2M. The company reaffirmed its full-year 2026 guidance of $155M-$170M revenue and $35M-$45M Adjusted EBITDA, which implies mid-point growth vs 2025, but the Q1 results show continued revenue contraction and cash burn.

Key Financial Metrics

Guidance

$155M-$170M

maintained

Actionable Insight

The Q1 miss on revenue and cash flow, combined with reaffirmed guidance, suggests H2-weighted expectations. Monitor Q2 results for signs of the promised Canadian spring breakup rebound and international growth. The increased public float from the PE distribution could improve liquidity but also add near-term selling pressure.

Key Facts

Q1 2026 total revenue $38.0M, down 11.5% YoY from $42.9M
GAAP net loss of $1.5M (-$0.04/share) vs $1.7M loss (-$0.05/share) in Q1 2025
Adjusted EBITDA $7.5M, down 30% YoY from $10.8M
Operating cash flow negative at -$3.2M vs +$2.4M in Q1 2025
Adjusted Free Cash Flow -$0.2M vs +$5.7M in Q1 2025
Net debt increased to $48.9M from $42.2M at year-end 2025
Reaffirmed FY2026 guidance: revenue $155M-$170M, Adj. EBITDA $35M-$45M
Tool rental revenue declined 16.3% YoY to $28.9M from $34.5M
Private equity sponsor HHEP distributed remaining DTI shares, increasing public float

Financial Impact

Revenue declined $4.9M YoY (11.5%); Adjusted EBITDA down $3.2M (30%); operating cash flow swung -$5.6M vs prior year

revenueadjusted_ebitdaoperating_cash_flownet_debt

Risk Factors

Continued revenue contraction in tool rental segment (-16.3% YoY)
Negative operating cash flow and declining cash balance ($2.8M vs $3.6M)
Net debt increased to $48.9M, up $6.7M from year-end 2025
Global rig count down 4% YoY, pressuring demand
Reaffirmed guidance may prove optimistic if Q1 weakness persists

Market Snapshot

Exchange

Nasdaq

Sector

Oil & Gas Field Machinery & Equipment

Analyst Consensus

0% bullish (8 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-212067
Document: dti-20260507.htm	0001193125-26-212067
Document: 0001193125-26-212067-index-headers.html	0001193125-26-212067
Document: 0001193125-26-212067-index.html	0001193125-26-212067
Document: 0001193125-26-212067.txt	0001193125-26-212067
8-K Data (Synthetic)	0001193125-26-212067

5 reports for DTI

T+1T+5T+20T+60

Filters

Reports for DTI — sortable, filterable
	Type				Now
May 7, 2026 5w ago	8-K BEARISH ★ 6/10	$3.00 $2.72	▲ +9.33%	▲ +9.36%	$2.63 (+12.33%)
May 1, 2026 6w ago	8-K NEUTRAL ★ 2/10	$3.43 $2.79	▼ −18.66%	▼ −24.30%	$2.63 (−23.32%)
Apr 30, 2026 6w ago	3 NEUTRAL ★ 2/10	$3.49 $2.79	▼ −20.06%	▼ −25.34%	$2.63 (−24.64%)
Mar 5, 2026 14w ago	8-K MIXED ★ 6/10	$3.61 $4.49	▲ +24.38%	▲ +26.42%	$2.63 (−27.15%)
Mar 5, 2026 14w ago	8-K MIXED ★ 5/10	$3.61 $4.49	▲ +24.38%	▲ +26.42%	$2.63 (−27.15%)

US Market Status

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