Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Dawson Geophysical Company

DWSNNASDAQ
Wall Street Score · overall investment42/100
$2.04USD+$0.02 (+0.99%)
Company website www.dawson3d.com
Headquarters508 West Wall, Midland, TX, 79701, US
Financial statement currencyUSD · no FX conversion applied
Energy · Oil & Gas Equipment & Services
Price updated todayFinancials updated Oct 1, 2026

DWSN · Price history

Price at last available close

$2.04

−$0.86 (-29.66%) 1M

2026-10-27

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Company & revenue

About Dawson Geophysical Company

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Dawson Geophysical Company (DWSN) specializes in the collection and interpretation of onshore seismic data, operating across both the United States and Canada. They are adept at capturing and analyzing various forms of seismic information—including 2D, 3D, and multi-component datasets—for a diverse clientele. This includes major and independent oil and gas firms, alongside entities that manage multi-client data repositories.

How they make money

Dawson Geophysical Company provides onshore seismic data acquisition services to the oil and gas industry. The company generates revenue by deploying seismic crews to collect geophysical data for clients, which is used to identify potential hydrocarbon reservoirs, and by providing reimbursable services related to these operations.

Products & services

Onshore seismic data acquisition services, including the deployment of seismic crews and equipment to collect geophysical data for oil and gas exploration and development.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

Fee RevenueUSD 61.88M81.8%

Period ended 2025-12-31Source

Reimbursable RevenueUSD 13.75M18.2%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Major oil and gas companiesSource
  • Small independent oil and gas operatorsSource
  • Providers of multi-client data librariesSource

Customer concentration

During the twelve months ended December 31, 2025, sales to one client represented approximately 51% of total revenues.

Suppliers, materials & equipment

  • GTC, Inc. — Supplier of seismic equipment under an equipment purchase agreement.Source

Strengths

  • Extensive professional relationships developed over many yearsSource

Risks

  • High customer concentrationSource
  • Dependence on the level of oil and gas exploration and development activitySource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.

Total debt increased 257.3% versus the same quarter last year.

Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

42

Weak

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

41

Weak

Financial Strength

33

Business Quality / Moat

4

Management

75

Growth Quality

100

Risk / Durability

6

Cheap for a Reason · Review the Risks

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

70

Fully Valued

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

62/100

Building Historical Record

Model Score 62/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.

The model outlook is currently moderate.

What we like
  • •Valuation scores attractively
What to watch
  • •Debt service risk
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for DWSN

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can DWSN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is DWSN's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is DWSN's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •Is DWSN's valuation discount tied to a temporary concern or to a longer-term business risk?
  • •What does the current fundamental change risk warning mean for the reliability or interpretation of DWSN's score?
Debt service risk
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

42

0–100 · Weak

Opportunity Score

70

0–100 · Fair

Market Cap

$63.4M

P/E Ratio

22.9

EPS

$0.12

52-Week High

$7.85

52-Week Low

$1.50

Beta

-0.03

Intrinsic Value

$4.35

Shares Outstanding

31.0M

Total Revenue

$104.3M

Total Debt

$20.0M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$0.65

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
7/ 100
+7 pts / 5d

Strong downward momentum

5D -2.9% · 20D -29.2% · RSI 10 · Price vs 20D avg -14.7%
Volatility
48/ 100
-1 pts / 5d

Normal movement

20D realized vol 54.8% · 60D 100.5% · Acceleration 0.55x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for DWSN

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Debt service risk

Interest coverage is low (~-3.1x). Earnings may be strained to cover interest expense.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on DWSN.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Extensive professional relationships developed over many years.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Equipment & Services industry.
  • −High customer concentration.
  • −Dependence on the level of oil and gas exploration and development activity.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak42/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Weak

42

Tap for breakdown →

Poor

39

Debt Cost2.6%
Debt Reduction YoY-257.6%
Debt / Equity1.31x

Tap for breakdown →

Poor

38

Revenue YoY37.9%
Revenue CAGR-11.6%
Net Margin3.5%

Tap for breakdown →

Fair

53

Asset Growth YoY81.4%
Liquidation/Share$0.65
Net Assets/MCap0.41x

Tap for breakdown →

Poor

24

Earnings Yield4.2%
Buyback Yield0.0%
Debt Cost2.6%

Tap for breakdown →

Strong

75

ROIC-4.8%
ROE18.2%
ROA6.6%

Tap for breakdown →

Poor

4

EPS Growth—
FCF/Share Growth-15.0%
Rev/Share Growth-5.6%

Tap for breakdown →

Strong

79

Intrinsic Value$4.35
Value Reference$2.61
MOS53.3%

Tap for breakdown →

Weak

45

Revenue38
Moat4
Valuation79

Tap for breakdown →

Elite

90

MOS %53.3%
Value Reference$2.61
Deep Discount Reference$1.74

Tap for breakdown →

Poor

22

Interest Coverage-3.1x
ROIC-4.8%
FCF Yield8.2%

Tap for breakdown →

Weak

46

Financial22
Valuation79
Debt39

Tap for breakdown →

Poor

25

Survival Years1.0 yrs
Current Ratio0.81x
FCF Margin9.4%

Tap for breakdown →

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Score Changes

6 historical score records available

Previous Score

38

Sep 21, 2026

Change

+3.5

points

Current Score

42

Oct 1, 2026

Category Changes

Revenue+1.7
Debt0
Assets+1.4
Capital+4.0
Management0
Moat0
Valuation+13.6
Buffett+2.0

DWSN increased 3.5 points because Capital improved by 4 points, Valuation improved by 13.6 points, Buffett improved by 2 points.

Positive Contributors

  • + Capital improved by 4 points
  • + Valuation improved by 13.6 points
  • + Buffett improved by 2 points

Projected Score

Projected Score

44

Projected Change

+2.6 points

Preliminary comparable-period financial changes suggest improvement of approximately 2.6 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Undervalued

Current Price

$2.04

Model Intrinsic Value

$4.35

Difference

−$2.31

-53.1% vs IV

Margin of Safety

53.1%

UndervaluedFair ValueOvervalued
Value Reference: $2.61
Deep Discount Reference: $1.74

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$60M$120M$180M$240M

Additional Metrics

Operating Cash Flow

201520172019202120232025-$21M-$11M$0$11M$21M

Total Debt

201520172019202120232025$0$6M$11M$17M$22M

Total Assets

201520172019202120232025$0$65M$130M$195M$260M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$104.3M$75.6M$74.2M$96.8M····························
Cost of Revenue$76.6M$68.3M$68.8M$95.1M····························
Gross Profit$27.7M$7.3M$5.4M$1.7M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$11.3M$9.0M$9.9M$14.8M····························
Operating Expenses$22.2M$9.0M$9.9M$14.8M····························
EBITDA$10.2M$4.3M$1.8M-$3.6M····························
Operating Income$5.5M-$1.7M-$4.5M-$13.1M····························
Interest Expense$1.3M$536K$159K$103K····························
Income Before Tax$3.7M-$1.9M-$4.1M-$12.2M····························
Income Tax Expense$35K$6K$7K-$96K····························
Net Income$3.6M-$1.9M-$4.1M-$12.1M····························
Basic EPS$0.12$-0.06$-0.13$-0.45····························
Basic Shares31.05M31.02M30.88M26.75M····························
Diluted Shares31.05M31.02M30.88M26.75M····························
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Earnings Summary

Estimated earnings date:Oct 29, 2026
Estimated EPS: -$0.14Estimated revenue: $43.2M
Jun 30, 2026Q2FY2026

Revenue

$17.9M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.11

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+257.3%

Cash Change

-64.5%

Margin Change

+4.6 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded

What Weakened

  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 81.8%. EPS increased 45.1%. Cash declined 64.5%. Total debt increased 257.3%. Net income margin improved by 4.6 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

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Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

Start 7-Day Free Trial

Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

6 historical records
Jul 23, 26Aug 12, 26Sep 3, 26Sep 6, 26Sep 21, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Debt Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Revenue Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Asset Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Capital Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Management Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Moat Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Valuation Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Buffett Score

Sep 6, 26Sep 21, 26Oct 1, 260255075100

Intrinsic Value

Sep 6, 26Sep 21, 26Oct 1, 26$2.00$3.00$4.00$5.00$6.00

Value Reference

Sep 6, 26Sep 21, 26Oct 1, 26$0.00$1.00$2.00$3.00$4.00

Margin of Safety %

Sep 6, 26Sep 21, 26Oct 1, 260.1%0.2%0.2%0.3%0.4%

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News

Rumor Mill · DWSN

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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