Dawson Geophysical (DWSN)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	5.08 mm	5.08 mm	5.08 mm	5.08 mm	5.08 mm	5.08 mm
Cash burn (monthly)	3.72 mm	158.25 k	390.67 k	278.58 k	1.58 mm	(no burn)
Cash used (since last report)	16.69 mm	710.75 k	1.75 mm	1.25 mm	7.09 mm	n/a
Cash remaining	-11.61 mm	4.37 mm	3.33 mm	3.83 mm	-2.01 mm	n/a
Runway (months of cash)	-3.1	27.6	8.5	13.7	-1.3	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

DWSN institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	25	16	+56.3%
Opened positions	11	7	+57.1%
Closed positions	2	0	NEW
Increased positions	2	0	NEW
Reduced positions	2	3	-33.3%

13F shares	Current	Prev Q	Change
Total value	3.67 bn	2.67 bn	+37.4%
Total shares	44.97 mm	43.93 mm	+2.4%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Dan H. Wilks	24.66 mm	$61.16 mm	0.0%
Wilks Brothers	17.64 mm	$41.10 mm	0.0%
Grace & White	988.55 k	$1.32 bn	+0.9%
Mink Brook Asset Management	540.42 k	$724.16 mm	NEW
RBF Capital	451.80 k	$605.41 mm	NEW
Gabelli Funds	149.20 k	$199.93 mm	-3.2%
Salem Investment Counselors	118.67 k	$155.46 mm	0.0%
USB U.S. Bancorp	112.40 k	$150.62 mm	0.0%
Vanguard	106.13 k	$139.02 mm	0.0%
Geode Capital Management	46.48 k	$60.90 mm	-0.6%

Largest transactions	Shares	Bought/sold	Change
Mink Brook Asset Management	540.42 k	+540.42 k	NEW
RBF Capital	451.80 k	+451.80 k	NEW
UBS UBS	19.59 k	+19.59 k	NEW
Susquehanna International	19.09 k	+19.09 k	NEW
STT State Street	18.69 k	+18.69 k	NEW
RJF Raymond James Financial	10.59 k	+10.59 k	NEW
Raymond James & Associates	0.00	-10.59 k	EXIT
CIBC Private Wealth	0.00	-10.00 k	EXIT
Grace & White	988.55 k	+9.26 k	+0.9%
Gabelli Funds	149.20 k	-5.00 k	-3.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DWSN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Dec 25	Farris Wilks	Common Stock, par value $0.01 per share	Other	Dispose J	Yes	No	0	15,547,010	0.00	-
27 Oct 25	Ray L Mays	Dawson Geophysical Company-Common Stock $0.01 par value	Grant	Acquire A	No	No	0	100,000	0.00	108,500
27 Oct 25	William Anthony Clark	Dawson Geophysical Company-Common Stock $0.01 par value	Grant	Acquire A	No	No	0	150,000	0.00	151,850
9 Sep 25	William Anthony Clark	Dawson Geophysical Company-Common Stock $0.01 par value	Grant	Acquire A	No	No	1.59	550	874.50	1,850
20 Aug 25	William Anthony Clark	Dawson Geophysical Company-Common Stock $0.01 par value	Grant	Acquire A	No	No	1.4	500	700.00	1,300

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.