Drilling Tools International Corp. (DTI) Balance Sheet
DTI balance sheet, 2025
December 31, 2025 · U.S. dollars$222.2M assets = $99.3M liabilities + $122.9M equity
Both columns are drawn to the same scale: what DTI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DTI financial health
Descriptive bands, not a rating. Fiscal 2025.
DTI balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $69.5M2021 | $222.2M2025 | +33.7%/yr | |
| Total liabilities | $58.3M2021 | $99.3M2025 | +14.2%/yr | |
| Shareholders’ equity | $11.2M2021 | $122.9M2025 | +82.2%/yr | |
| Cash & short-term investments | $961,0002021 | $3.6M2025 | +39.6%/yr | |
| Total debt | $27.4M2021 | $71.6M2025 | +27.2%/yr | |
| Net cash (debt) | −$26.4M2021 | −$68.0M2025 | −$41.6M | |
| Working capital | −$15.3M2021 | $34.1M2025 | +$49.4M | |
| Book value per share | $0.422021 | $3.462025 | +69.8%/yr | |
| Current ratio | 0.612021 | 2.112025 | +1.49 | |
| Debt / equity | 2.452021 | 0.582025 | −1.87 | |
| Shares outstanding | 26.9M2021 | 35.5M2025 | +7.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DTI assets
DTI liabilities and equity
DTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DTI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $3.6M | $6.2M | $6.9M | $3.5M | $961,000 |
| Cash & equivalents | $3.6M | $6.2M | $6.0M | $2.4M | $52,000 |
| Short-term investments | — | $0 | $888,000 | $1.1M | $909,000 |
| Receivables | $40.4M | $40.5M | $29.9M | $31.1M | $20.0M |
| Inventory | $18.1M | $17.5M | $5.0M | $3.3M | $2.3M |
| Other current assets | $2.7M | $3.9M | $4.6M | $2.3M | $905,000 |
| Total current assets | $64.9M | $68.1M | $46.4M | $40.2M | $24.2M |
| Property, plant & equipment (net) | $97.8M | $98.3M | $84.6M | $64.2M | $44.4M |
| Goodwill & intangible assets | $54.3M | $49.4M | $216,000 | $263,000 | $402,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.2M | $6.7M | $1.3M | $609,000 | $469,000 |
| Total assets | $222.2M | $222.4M | $132.5M | $105.2M | $69.5M |
| Liabilities | |||||
| Accounts payable | $9.8M | $12.0M | $7.8M | $7.3M | $8.3M |
| Short-term debt | $10.3M | $11.1M | $4.0M | $21.7M | $27.4M |
| Deferred revenue | $722,000 | $675,000 | $1.0M | $83,000 | $63,000 |
| Total current liabilities | $30.8M | $31.0M | $22.3M | $36.2M | $39.5M |
| Long-term debt | $39.8M | $46.8M | $0 | $0 | $0 |
| Lease obligations | $25.8M | $22.9M | $18.9M | $20.0M | $0 |
| Other long-term liabilities | $28.7M | $24.7M | $21.5M | $19.9M | $18.8M |
| Total liabilities | $99.3M | $102.5M | $43.8M | $56.1M | $58.3M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $4,000 | $3,000 | $3,000 | $1,000 | $532,000 |
| Retained earnings (deficit) | −$7.3M | −$3.6M | −$6.3M | −$21.1M | −$42.1M |
| Accumulated other comprehensive income | $664,000 | −$1.9M | −$225,000 | −$111,000 | −$284,000 |
| Minority interest | $12,000 | $0 | — | — | — |
| Total shareholders' equity | $122.9M | $120.0M | $88.7M | $49.1M | $11.2M |
| Key figures | |||||
| Total debt | $71.6M | $76.7M | $18.9M | $38.4M | $27.4M |
| Net cash (debt) | −$68.0M | −$70.5M | −$12.0M | −$34.9M | −$26.4M |
| Working capital | $34.1M | $37.1M | $24.1M | $3.9M | −$15.3M |
| Tangible book value | $68.6M | $70.6M | $88.5M | $48.8M | $10.8M |
| Book value per share | $3.46 | $3.71 | $3.53 | $2.50 | $0.42 |
| Shares outstanding | 35.5M | 32.3M | 25.1M | 19.7M | 26.9M |
| Current ratio | 2.11 | 2.20 | 2.08 | 1.11 | 0.61 |
| Quick ratio | 1.43 | 1.51 | 1.65 | 0.96 | 0.53 |
| Debt / equity | 0.58 | 0.64 | 0.21 | 0.78 | 2.45 |
| Equity / assets | 55.3% | 53.9% | 66.9% | 46.7% | 16.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.5M | $2.8M | $3.6M | $4.4M | $1.1M | $2.8M | $6.2M | $12.0M | $8.4M | $15.2M | $6.9M | $5.0M |
| Cash & equivalents | $2.5M | $2.8M | $3.6M | $4.4M | $1.1M | $2.8M | $6.2M | $12.0M | $6.8M | $14.1M | $6.0M | $4.0M |
| Short-term investments | — | — | — | — | — | — | $0 | $0 | $1.6M | $1.1M | $888,000 | $995,000 |
| Receivables | $47.3M | $43.5M | $40.4M | $39.2M | $43.3M | $43.3M | $40.5M | $34.5M | $35.1M | $35.7M | $29.9M | $29.1M |
| Inventory | $22.9M | $20.9M | $18.1M | $18.1M | $18.3M | $18.2M | $17.5M | $17.4M | $14.6M | $11.4M | $5.0M | $6.6M |
| Other current assets | $1.1M | $1.5M | $2.7M | $3.0M | $3.4M | $3.0M | $3.9M | $5.0M | $2.7M | $3.2M | $4.6M | $5.0M |
| Total current assets | $73.8M | $68.7M | $64.9M | $64.7M | $66.1M | $67.4M | $68.1M | $68.7M | $60.8M | $65.6M | $46.4M | $45.6M |
| Property, plant & equipment (net) | $96.3M | $97.3M | $97.8M | $102.1M | $102.1M | $104.5M | $98.3M | $101.5M | $93.0M | $88.9M | $84.6M | $84.2M |
| Goodwill & intangible assets | $52.7M | $53.0M | $54.3M | $54.7M | $55.4M | $54.6M | $49.4M | $41.8M | $11.0M | $10.6M | $216,000 | $228,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.8M | $5.7M | $5.2M | $5.9M | $6.6M | $6.7M | $6.7M | $6.7M | $2.0M | $1.9M | $1.3M | $1.4M |
| Total assets | $228.6M | $224.7M | $222.2M | $227.4M | $230.3M | $233.2M | $222.4M | $218.8M | $166.9M | $167.0M | $132.5M | $131.4M |
| Liabilities | ||||||||||||
| Accounts payable | $14.5M | $12.2M | $9.8M | $10.3M | $11.5M | $15.6M | $12.0M | $9.1M | $14.0M | $16.7M | $7.8M | $8.1M |
| Short-term debt | $10.6M | $10.6M | $10.3M | $10.3M | $10.6M | $10.2M | $11.1M | $30.6M | $9.1M | $9.0M | $4.0M | $3.9M |
| Deferred revenue | $1.1M | $840,000 | $722,000 | $743,000 | $675,000 | $675,000 | $675,000 | $675,000 | — | $44,000 | $1.0M | $11.7M |
| Total current liabilities | $33.9M | $31.9M | $30.8M | $31.8M | $32.0M | $34.8M | $31.0M | $52.0M | $30.9M | $34.1M | $22.3M | $23.9M |
| Long-term debt | $48.3M | $45.8M | $39.8M | $45.3M | $50.6M | $49.0M | $46.8M | $17.9M | $19.2M | $20.0M | $0 | $0 |
| Lease obligations | $25.2M | $25.0M | $25.8M | $26.5M | $23.2M | $23.9M | $22.9M | $24.0M | $21.9M | $18.4M | $18.9M | $19.7M |
| Other long-term liabilities | $26.7M | $26.6M | $28.7M | $29.2M | $25.1M | $26.7M | $24.7M | $25.7M | $24.0M | $21.3M | $21.5M | $22.7M |
| Total liabilities | $108.9M | $104.3M | $99.3M | $106.3M | $107.8M | $110.5M | $102.5M | $95.7M | $74.1M | $75.4M | $43.8M | $46.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Retained earnings (deficit) | −$10.7M | −$8.9M | −$7.3M | −$8.6M | −$7.7M | −$5.3M | −$3.6M | −$2.2M | −$3.1M | −$3.2M | −$6.3M | −$10.1M |
| Accumulated other comprehensive income | $41,000 | −$90,000 | $664,000 | $659,000 | $1.3M | −$935,000 | −$1.9M | $529,000 | −$634,000 | −$736,000 | −$225,000 | −$228,000 |
| Minority interest | $10,000 | $14,000 | $12,000 | $11,000 | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $119.7M | $120.4M | $122.9M | $121.1M | $122.5M | $122.7M | $120.0M | $123.2M | $92.8M | $91.5M | $88.7M | $84.9M |
| Key figures | ||||||||||||
| Total debt | $79.4M | $76.7M | $71.6M | $77.8M | $80.1M | $78.8M | $76.7M | $68.1M | $46.1M | $43.4M | $18.9M | $19.7M |
| Net cash (debt) | −$76.9M | −$73.9M | −$68.0M | −$73.4M | −$79.0M | −$76.0M | −$70.5M | −$56.1M | −$37.7M | −$28.2M | −$12.0M | −$14.7M |
| Working capital | $39.9M | $36.8M | $34.1M | $33.0M | $34.1M | $32.6M | $37.1M | $16.7M | $30.0M | $31.4M | $24.1M | $21.7M |
| Tangible book value | $67.0M | $67.5M | $68.6M | $66.4M | $67.2M | $68.1M | $70.6M | $81.4M | $81.8M | $80.9M | $88.5M | $84.6M |
| Book value per share | $3.39 | $3.43 | $3.48 | $3.42 | $3.44 | $3.45 | $3.46 | $3.92 | $3.01 | $3.07 | $2.98 | $2.82 |
| Shares outstanding | 35.3M | 35.1M | 35.3M | 35.4M | 35.6M | 35.6M | 34.7M | 31.4M | 30.9M | 29.8M | 29.8M | 30.0M |
| Current ratio | 2.18 | 2.15 | 2.11 | 2.04 | 2.06 | 1.94 | 2.20 | 1.32 | 1.97 | 1.92 | 2.08 | 1.91 |
| Quick ratio | 1.47 | 1.45 | 1.43 | 1.37 | 1.39 | 1.32 | 1.51 | 0.89 | 1.41 | 1.49 | 1.65 | 1.43 |
| Debt / equity | 0.66 | 0.64 | 0.58 | 0.64 | 0.65 | 0.64 | 0.64 | 0.55 | 0.50 | 0.47 | 0.21 | 0.23 |
| Equity / assets | 52.4% | 53.6% | 55.3% | 53.3% | 53.2% | 52.6% | 53.9% | 56.3% | 55.6% | 54.8% | 66.9% | 64.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.
DTI financial position
At the end of fiscal 2025 (December 31, 2025), Drilling Tools International had total assets of $222.2 million (down 0.1% from a year earlier), total liabilities of $99.3 million and shareholders' equity of $122.9 million. It held $3.6 million in cash and short-term investments against $71.6 million of debt, net debt of $68.0 million. Its current ratio was 2.11. In the latest quarter (ended June 30, 2026) total assets were $228.6 million and equity $119.7 million.
Related: DTI income statement, DTI cash flow statement, DTI key metrics. See the DTI stock overview for the latest quote and news.
DTI balance sheet FAQ
What are Drilling Tools International's total assets?
Drilling Tools International reported total assets of $222.2 million at the end of fiscal 2025 (December 31, 2025), compared with $222.4 million a year earlier.
How much debt does Drilling Tools International have?
Drilling Tools International had $71.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.58.
How much cash does Drilling Tools International have?
Drilling Tools International held $3.6 million in cash and short-term investments at the end of fiscal 2025; with $71.6 million of debt that is net debt of $68.0 million.
What is Drilling Tools International's book value?
Drilling Tools International's shareholders' equity (book value) was $122.9 million at the end of fiscal 2025, or $3.46 per share.
What is Drilling Tools International's current ratio?
Drilling Tools International had current assets of $64.9 million and current liabilities of $30.8 million, a current ratio of 2.11 (it can cover its short-term obligations).
How much goodwill does Drilling Tools International have?
Drilling Tools International carried $54.3 million of goodwill and intangible assets, 24.4% of total assets, at the end of fiscal 2025.