← Drilling Tools International Corp

	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Accounts receivable, net	$773k	$710k	$29.0m	$29.9m	$39.6m	$37.7m
Inventories	—	—	$3.3m	$5.0m	$17.5m	$18.1m
Prepaid expenses and other current assets	—	—	$4.4m	$4.6m	$3.9m	$3.9m
Cash and Cash Equivalents	—	$1.0m	$926k	$1.2m	$599k	$430k
Notes and amounts receivable for equity issued	—	($1.2m)	($1.1m)	($113k)	($90k)	—
Restricted Cash, Current	—	$5k	—	—	—	—
Prepaid Expenses	$24k	$96k	—	—	—	—
Restricted Cash, Non-Current	$12k	$5k	—	—	—	—
Receivables for equity issued	—	($1.2m)	—	—	—	—
Total current assets	$1.0m	$1.4m	$383k	$46.4m	$68.1m	$64.9m
Property, plant and equipment, net	$128k	$147k	$44.2m	$65.8m	$75.6m	$72.6m
Property, Plant and Equipment	$5.3m	$5.2m	$742k	$721k	$742k	$410k
Property and equipment, net	$5.3m	$147k	$742k	$65.8m	$75.6m	$72.6m
Intangible assets, net	—	—	$263k	$216k	$37.2m	$39.7m
Goodwill	—	—	—	$0	$12.1m	$14.6m
Operating lease right-of-use asset	—	—	$20.0m	$18.8m	$22.7m	$25.2m
Deposits and other long-term assets	—	—	$383k	$879k	$1.6m	$917k
Cash	$203k	$1.4m	$208k	$6.0m	$6.2m	$3.6m
Related party note receivable, current	—	—	—	$0	$909k	$1.5m
Investments - equity securities, at fair value	—	—	$1.1m	$888k	$0	—
Deferred financing costs, net	—	—	$226k	$409k	$817k	$468k
Related party note receivable, less current portion	—	—	—	$0	$4.3m	$3.8m
Accrued expenses and other current liabilities	—	$239k	$7.3m	$10.6m	$7.9m	$10.7m
Current portion of operating lease liabilities	$12k	$7k	$3.3m	$4.0m	$4.1m	$4.3m
Operating lease liabilities, less current portion	$28k	$9k	$16.7m	$14.9m	$18.8m	$21.5m
Revolving line of credit	—	—	$18.3m	$0	$27.1m	$25.0m
Non-controlling interest	—	—	—	—	—	$12k
Assets held for sale	—	—	—	$1.5m	$388k	—
Oil and gas properties, net	—	$1.4m	$30.0m	$52.7m	$50.8m	$721k
Long-term deposits	—	—	—	$371k	$686k	$757k
Convertible debt	—	—	—	$227k	$10.4m	$11.8m
Asset retirement obligation	—	$9.0m	$5.3m	$6.2m	$5.9m	$6.4m
Lease liability	—	$9k	$5k	$122k	$35k	—
Shares to be cancelled	—	$5k	$8k	$8k	$8k	—
Obligation to issue shares	—	$7k	$94k	$396k	$6k	$54k
RSU obligation	—	—	$296k	$18k	—	—
Loans payable	$18k	$19k	$21k	—	—	—
Evaluation and exploration assets	—	$3.1m	—	—	—	—
Asset Retirement Obligations	$4.0m	$4.4m	—	—	—	—
Convertible Debt, Non-Current	$11k	—	—	—	—	—
Other Non-Operating Non-Current Liabilities	$1.8m	$473k	—	—	—	—
Obligation to issue stock	$15k	$7k	—	—	—	—
Total Drilling Tools International stockholder's equity	($1.4m)	$1.1m	($2.0m)	$88.7m	$120.0m	$122.9m
Total equity	—	—	—	—	$120.0m	$122.9m
Total stockholders’ (deficiency) equity	—	($4.5m)	$20.6m	$22.2m	$14.1m	($38.9m)
Total Non-Current Liabilities	—	$473k	$5k	—	—	—
Total assets	$6.5m	$210.4m	$213.9m	$132.5m	$222.4m	$222.2m
Total liabilities and stockholders’ (deficiency) equity	—	$6.5m	$37.0m	$58.6m	$54.9m	$3.1m
Accounts payable	$1.5m	$852k	$7.3m	$7.8m	$12.0m	$9.8m
Current maturities of long-term debt	—	—	—	$0	$7.0m	$6.0m
Long-term debt, less current portion	—	—	—	$0	$19.7m	$14.8m
Short-Term Debt	$549k	$631k	$146k	$3.5m	$5.4m	$5.0m
Operating Lease Liability, Current	—	$7k	$4k	$20k	$10k	—
Total current liabilities	$2.1m	$1.5m	$36.2m	$22.3m	$31.0m	$30.8m
Deferred tax liabilities, net	—	—	$92k	$6.6m	$5.9m	$7.2m
Deferred tax liability	—	—	—	$2.1m	$4.2m	—
Total liabilities	$7.9m	$250k	$2.6m	$43.8m	$102.5m	$99.3m
Common stock, $0.0001 par value, shares authorized 500,000,000 as of December 31, 2025 and December 31, 2024, 35,661,297 issued and outstanding as of December 31, 2025 and 34,704,696 shares issued and outstanding as of December 31, 2024	1k	615	615	3k	3k	4k
Less: Treasury stock at cost, 505,169 and 0 shares as of December 31, 2025 and December 31, 2024, respectively	—	—	$0	$0	—	($1.3m)
Additional paid-in-capital	—	$1.4m	$52.4m	$95.2m	$125.4m	$130.8m
Accumulated deficit	($28.5m)	($235k)	($2.0m)	($6.3m)	($3.6m)	($7.3m)
Accumulated other comprehensive income (loss)	($490k)	$1.2m	($111k)	($225k)	($1.9m)	$664k
Retained Earnings	—	($38.7m)	($44.8m)	($44.9m)	($54.0m)	($103.2m)
Common stock	—	$2k	$3k	—	—	—
Additional Paid-In Capital	$27.5m	$35.1m	$64.7m	$95.2m	$125.4m	$130.8m
Total Stockholders' Equity	—	—	$64.8m	$74.6m	$78.4m	$79.6m
Total liabilities and shareholders' equity	$6.5m	$210.4m	$213.9m	$132.5m	$222.4m	$222.2m