v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets, Current [Abstract]    
Cash $ 2,840 $ 3,648
Accounts receivable, net 40,335 37,683
Inventories 18,615 18,149
Prepaid expenses and other current assets 5,395 3,866
Total current assets 68,726 64,887
Property, plant and equipment, net 73,026 72,602
Operating lease right-of-use asset 24,245 25,181
Intangible assets, net 38,437 39,674
Goodwill, net 14,524 14,616
Deferred financing costs, net 517 468
Deposits and other long-term assets 1,298 917
Total assets 224,700 222,181
Current liabilities    
Accounts payable 12,234 9,785
Accrued expenses and other current liabilities 9,120 10,711
Current portion of operating lease liabilities 4,596 4,335
Current maturities of long-term debt 5,990 5,989
Total current liabilities 31,940 30,820
Operating lease liabilities, less current portion 20,370 21,494
Revolving line of credit 32,500 25,000
Long-term debt, less current portion 13,263 14,827
Deferred tax liabilities, net 6,194 7,167
Total liabilities 104,267 99,308
Commitments and contingencies (See Note 15)
Shareholders' equity    
Common stock, $0.0001 par value, shares authorized 500,000,000 as of March 31, 2026 and December 31, 2025, 35,901,128 issued and outstanding as of March 31, 2026 and 35,661,297 shares issued and outstanding as of December 31, 2025 4 4
Less: Treasury stock at cost, 775,368 and 505,169 shares as of March 31, 2026 and December 31, 2025, respectively (2,192) (1,265)
Additional paid-in-capital 131,580 130,801
Accumulated deficit (8,883) (7,343)
Accumulated other comprehensive income (loss) (90) 664
Total Drilling Tools International stockholder's equity 120,419 122,861
Non-controlling interest 14 12
Total equity 120,433 122,873
Total liabilities and shareholders' equity 224,700 222,181
Related Party    
Assets, Current [Abstract]    
Related party note receivable, current 1,541 1,541
Related party note receivable, less current portion $ 3,927 $ 3,836