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DAWSON GEOPHYSICAL CO (DWSN)

Energy · Oil & Gas Equipment & Services (Seismic) · NASDAQ

Dawson Geophysical provides advanced onshore seismic data acquisition services for traditional energy and emerging resource industries across North America.

What DAWSON GEOPHYSICAL CO does

Dawson Geophysical is a North American provider of onshore seismic data acquisition services, operating throughout the continental U.S. and Canada. The company specializes in 2-D, 3-D, and multi-component seismic data collection for major oil and gas companies, independent operators, and providers of multi-client data libraries. Recently, it has expanded its focus to include non-traditional seismic exploration such as geothermal energy, carbon capture utilization and storage (CCUS) monitoring, and rare mineral exploration.

Recent developments

The company recently completed a high-density seismic project using 70,000 single-node channels to improve data resolution, with expectations that success will boost demand for similar high-density services. It is actively evaluating potential strategic transactions with its controlling shareholder, Wilks Brothers, LLC, and has incurred significant related transaction costs. Seasonal Canadian operations are expected to resume in the fourth quarter of 2026.

From DAWSON GEOPHYSICAL CO's filing of 2026-08-14.

Themes: seismic data acquisition, energy exploration services, CCUS / carbon capture, geothermal energy, critical minerals exploration, oil and gas infrastructure

Fundamentals

  • Price$2.10 as of 2026-10-20 close
  • Market cap$65M as of 2026-08-12 (share count; price 2026-10-20)
  • 1-year return+15.4% 2025-10-20 close $1.82 → 2026-10-20 close $2.10
  • P/E17.50 as of 2026-10-20
  • ROE-12.3% FY2025, SEC XBRL
  • ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
  • Debt / equity0.87 borrowings incl. finance leases / equity — 10-Q/10-K balance sheet 2026-06-30
  • Revenue CAGR (3y)+1.9% SEC XBRL
  • Beta1.17 as of 2026-09-03
  • Last reported earnings2026-08-13 SEC EDGAR Form 8-K (Item 2.02)

Dividend: at least 1 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.

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How DWSN compares in its sector

  • price-to-earnings ratiomiddle range 100 covered Energy peers, as of 2026-10-20
  • return on equitybottom 25% 143 covered Energy peers, as of 2026-09-03
  • 3-year revenue CAGRmiddle range 139 covered Energy peers
  • free cash flow (absolute dollars, latest fiscal year)middle range 96 covered Energy peers, as of FY2025

Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Dividend coverage

Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which DWSN reported a dividend payment is FY2024, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2024 ratio would not describe DWSN today.

Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2024) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.

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Quarterly results

QuarterRevenueOperating incomeNet incomeDiluted EPSOperating cash flowCapex
Q2 FY2026 2026-06-30—-$3M-$3M-$0.11$6M$219000†
Q1 FY2026 2026-03-31—$8M$8M$0.25-$465000$1M
Q4 FY2025 2025-12-31—$845000†$569000†$0.02†$2M†$714000†
Q3 FY2025 2025-09-30—-$1M-$1M-$0.04-$5M†$5M†
Q2 FY2025 2025-06-30—-$2M-$2M-$0.08$15M—
Q1 FY2025 2025-03-31—$1M$992000$0.03$2M—
Q4 FY2024 2024-12-31—-$834000†-$802000†-$0.02†-$5M†$308000†
Q3 FY2024 2024-09-30$8000†-$6M-$6M-$0.18-$4M†$69000†

† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.

Balance sheet at 2026-06-30

  • Cash and equivalents$6M
  • Short-term investments$370000
  • Total debt$17M borrowings incl. finance leases (not tagged separately)
  • Net debt$11M total debt − cash − short-term investments

From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.

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How DAWSON GEOPHYSICAL CO looks technically

DAWSON GEOPHYSICAL CO (DWSN) is trading 39.4% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 9 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 31, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 24, in oversold territory (below 30). It just made a new 20-day low, its first since 2026-01-30, breaking below its recent trading range. It is 73.2% below its highest point of the past year.

Trend

8
Distance from the 200-dayit is trading 39.4% below its 200-day average, the long-term trend line — a long-term downtrend-39.4%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $3.07$3.07
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $3.46$3.46
Swing structureeach recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes nextlower highs and lower lows
Last swing turnits last significant turn was a swing high 15 calendar days ago — the swings before that are what the structure reading is measured on15 sessions
Wave structureits recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 3. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C.possible downward five-wave sequence, in wave 3 (one of several readings)
Since the 50/200 crossits 50-day average crossed below its 200-day average about 9 trading days ago — a "death cross", a bearish long-term signal9 sessions
Trend strength (14-day ADX)a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 31, with sellers in control31.2

Momentum

3
14-day RSImomentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 24, in oversold territory (below 30)23.6
Position in its 14-day rangeit is trading right at the bottom of its 14-day range ($2.06 to $3.00) — its "stochastic" reading is 4 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions.3.7
Since the MACD crossed zeroMACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish)18 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $7.85$7.85
From the 52-week highit is 73.2% below its 52-week high (its highest price of the past year)-73.3%
Above the 52-week lowit is 40.0% above its 52-week low (its lowest price of the past year)+40.0%
Below the 52-week highit is 73.2% below its highest point of the past year73.3%
Since a 20-day breakoutit just made a new 20-day low, its first since 2026-01-30, breaking below its recent trading range1 session
Since a 55-day breakoutit just made a new 55-day low, its first since 2026-01-30, breaking below its recent trading range1 session
All-time highits highest closing price on record is $32.94 (set on 2006-05-04)$32.94
Given back of the 52-week moveover the past year its closes ranged ($1.56 to $7.57), and it has given back almost all of its rise from last year’s low — 91% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $3.66 to $3.86. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.91.0%
From the all-time highit is 93.6% below its all-time high-93.6%
Nearest price levelit is trading 1.3% above a support level at $2.07 — a price it turned at three times since 2025-09-24, most recently on 2026-03-23. Since 2024-10-21 it has 10 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.-1.3%
All-time lowits lowest closing price on record is $0.1218 (set on 2002-12-31)$0.1218
Above the all-time lowit is 1623.7% above its all-time low+1,624%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are about average versus its own recent 6-month history51st percentile
Typical daily rangein a typical session it travels about $0.225 between its high and its low — about 10.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$0.225
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $2.06 and $3.17 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$2.06 – $2.62 – $3.17
Typical daily range (% of price)its price moves about 10.7% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price10.7%
Stretch from the 200-day averageit is trading 6.1 daily ranges below its 200-day average price (39.4% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale6.1 daily ranges below its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.89×

Candlestick patterns

2
Since a doji2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level2 sessions ago
Since a bearish engulfing8 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it8 sessions ago

Price gaps

3
Gap at the openit opened on 2026-10-20 at essentially the same price it closed at the session before — no meaningful overnight gap0.0%
Open gapit gapped 2.5% below the previous close 21 sessions ago and has not traded back through the level it left behind at 3.25 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed-2.5%
Gap filleda 2.4% gap down opened on 2026-10-14 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it4 sessions ago

Price streaks

1
Closing streakit has closed lower 7 sessions in a row, a -18.92% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session7 sessions down

Relative strength

4
vs market, 1 monthover the past 1 month this stock lagged the market by 36.4 percentage points (the stock lost 35.4% while the market gained 1.0%)-36.4%
vs market, 3 monthsover the past 3 months this stock lagged the market by 55.9 percentage points (the stock lost 52.3% while the market gained 3.6%)-55.9%
vs market, 6 monthsover the past 6 months this stock lagged the market by 27.1 percentage points (the stock lost 18.6% while the market gained 8.5%)-27.1%
vs market, 12 monthsover the past 12 months this stock beat the market by 0.8 percentage points (the stock gained 15.4% while the market gained 14.6%)+0.8%

Signal agreement

2
Bullish technical signals2 of the 9 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast2 of 9
Bearish technical signals7 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast7 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading 41% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 76.7% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross.-41.4%

Volume-weighted price

1
Vs this year’s average price paidthe price is 44% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $3.76 — a volume-weighted average of daily closes over 200 sessions, not a true tick-by-tick VWAP.-44.1%

Price levels it has turned at before

DWSN last closed at $2.10 on 2026-10-20. Since 2024-10-21 it has turned at 10 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$2.07Support1.3% below the last closeturned there three times · 2025-09-24 to 2026-03-23
$1.79Support14.8% below the last closeturned there four times · 2024-11-11 to 2025-12-23
$1.69Support19.4% below the last closeturned there three times · 2024-12-24 to 2025-09-11
$2.54Resistance21.2% above the last closeturned there twice · 2026-08-19 to 2026-10-01
$3.00Resistance42.6% above the last closeturned there twice · 2026-09-15 to 2026-10-05
$3.14Resistance49.5% above the last closeturned there twice · 2026-05-08 to 2026-09-02

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.

This labelling fails — stops being a possible reading at all — if it closes above $3.00.

This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.

On past moves of this shape the leg has usually ended somewhere between $0.9775 and $1.75 — that is where it has tended to end if the count holds, not a forecast of where the price goes.

Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $3.00.

This reading has stood for 7 trading days, since 2026-10-12.

Read from daily closes as of 2026-10-20.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.

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Key risks (from latest filing)

["High sensitivity to volatile oil and natural gas prices which drive industry spending.","Operational concentration risks including reliance on a small number of customers and high fixed costs.","Significant influence of a controlling shareholder (Wilks Brothers, LLC) and potential for associated conflict-of-interest transactions."]

See DWSN's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of DWSN's 10-Q filed 2026-08-14 against the prior one filed 2026-05-15.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Newer filing states forward-looking statements speak only as of the date of filing of this Form 10-Q and the Company undertakes no obligation to publicly update or revise any forward-looking statements (older filing instead referred to a discussion of factors in its Annual Report on Form 10-K filed March 31, 2026 and subsequent Quarterly Reports).
    • Newer filing adds reference to 'the anticipated benefits of our purchased single-node channels; and our ability to identify areas of improvement in the deployment of the new single-node channels and the expected operational efficiencies resulting therefrom' in the list of forward-looking statements.
    • Newer filing adds statements regarding the Company's investment in compute power and the anticipated benefits for the Company and its customers.
    • Newer filing adds statements regarding financial performance and ability to capitalize on current market opportunities.
    • Newer filing adds reference to 'the risk that expected improvements in deployment of the new single-node channels may not result in anticipated operational efficiencies or improved operating and financial performance' in the risk factor list.
    • Newer filing adds reference to 'risks that the Company may not achieve the anticipated benefits of such investment' regarding compute power.
    • Newer filing adds a further list and description of risks, uncertainties and assumptions referred to in Part I (incomplete sentence at end of provided text).
  • Removed:
    • Older filing included statement referring readers to the Company's Annual Report on Form 10-K filed with the SEC on March 31, 2026 and any subsequent Quarterly Reports on Form 10-Q for a discussion of risks and uncertainties; this sentence is removed in the newer filing.
    • Older filing's Overview section (discussing one large channel crew, three smaller channel crews, first quarter operations, high crew utilization, bidding larger channel count jobs, non-traditional seismic exploration, and revenue factors) is not present in the newer filing's provided text.
  • Reworded:
    • Newer filing changes 'including statements under Management's Discussion and Analysis... regarding technological advancements and our financial position, business strategy, and plans and objectives of our management for future operations' to 'statements under Management's Discussion and Analysis... regarding potential technological advancements and their potential impact on demand for the Company's services; our financial position, business strategy, and the plans and objectives of our management for future operations'.
    • Newer filing changes 'purchased single node channels' to 'purchased single-node channels' (hyphenation change).
    • Newer filing changes 'any of its affiliates' to 'and/or any of its affiliates' in the controlling stockholder transaction reference.
    • Newer filing changes 'the transaction contemplated by the Equipment Purchase Agreement' to 'the transactions contemplated by the purchase agreement to acquire the single-node channels (the "Equipment Purchase Agreement")'.
    • Newer filing changes 'such potential transaction(s)' to 'any such potential transaction(s)' (minor wording).
    • Newer filing changes 'the new single node channels' to 'the new single-node channels' (hyphenation change).
    • Newer filing changes 'the U.S. and Iran conflict, and the unrest in the Middle East related activities' to 'the U.S. and Iran conflict, and the unrest in the Middle East-related activities' (hyphenation change).
    • Newer filing changes the sentence introducing factor discussion from 'A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Annual Report...' to 'The cautionary statements made in this Form 10-Q should be read as applying to all related forward-looking statements wherever they appear in this Form 10-Q.' (reordering/revision of the cautionary language).
    • Newer filing adds 'including without limitation' before the list of forward-looking statement examples.
    • Newer filing adds 'the negative of these terms or other similar expressions' to the forward-looking statement identifier list (older filing had 'or the negative of these terms or other similar expressions' appearing in a different position).
  • Notes:
    • The newer filing's MD&A text is truncated mid-sentence at the end ("A further list and description of risks, uncertainties and assumptions that could cause or contribute to differences in the Company's future results include the cautionary statements described in Part I,").
    • The newer filing's provided text does not include an Overview section, so whether content from the older Overview section was moved or removed cannot be determined from the provided excerpts alone.

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

No open-market insider purchases or sales are on record for DWSN — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.

View full insider trading history → View SEC Form 3/4/5 filings

Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

3 institutional 13F filers reported holding DWSN as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 3
  • Reported shares held 131,201
  • Reported value $779,333

reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 1 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

DWSN had 187,886 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).

DWSN had 0.60% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.9 days to cover at the same settlement.

  • Reported short interest (shares) 187,886
  • Short interest (% of shares outstanding) 0.60%
  • Prior settlement (shares) 266,636
  • Reported change -29.53%
  • Days to cover (reported) 3.9

Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does DAWSON GEOPHYSICAL CO (DWSN) do?

Dawson Geophysical is a North American provider of onshore seismic data acquisition services, operating throughout the continental U.S. and Canada. The company specializes in 2-D, 3-D, and multi-component seismic data collection for major oil and gas companies, independent operators, and providers of multi-client data libraries.

What sector is DAWSON GEOPHYSICAL CO (DWSN) in?

DAWSON GEOPHYSICAL CO (DWSN) is classified in the Energy sector. Its industry is Oil & Gas Equipment & Services (Seismic). It trades on NASDAQ.

Does DWSN pay a dividend?

No — DAWSON GEOPHYSICAL CO (DWSN) does not currently pay a dividend (market data, as of 2026-09-03). Informational only — not financial advice.

Who are DAWSON GEOPHYSICAL CO's (DWSN) competitors?

Notable peers of DAWSON GEOPHYSICAL CO (DWSN) include SAExploration, ION Geophysical, Schlumberger, Halliburton and CGG SA. This peer set is informational only — not financial advice.

Is DAWSON GEOPHYSICAL CO (DWSN) overbought or oversold right now?

DAWSON GEOPHYSICAL CO (DWSN) is currently in oversold territory (its 14-day RSI is 24, below 30) (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on DWSN come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-20.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.