Precision Drilling (PDS) Beginning Cash Balance (2009 - 2026)
Precision Drilling's (PDS) quarterly Beginning Cash Balance came in at $30.0 million in Q2 2026, up 47.04% YoY from $20.4 million in Q2 2025, and down 52.08% on a QoQ basis from $62.6 million in Q1 2026.
Precision Drilling (PDS) Beginning Cash Balance (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Beginning Cash Balance data on file, last reported at $30.0 million in Q2 2026.
- Quarterly Beginning Cash Balance rose 47.04% year-over-year to $30.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $153.9 million (up 23.59% YoY) and the FY2025 annual result came in at $52.8 million, up 36.13% from the prior year.
- Beginning Cash Balance declined to $30.0 million in Q2 2026, from $62.6 million in the prior quarter.
- In the past five years, Beginning Cash Balance ranged from a high of $62.6 million in Q1 2026 to a low of $16.0 million in Q1 2023.
- A 5-year average of $31.3 million and a median of $31.0 million in 2023 frame the typical range for Beginning Cash Balance.
- Annual changes were most pronounced in 2022 — Beginning Cash Balance tumbled 70.14% — and 2024, when it surged 151.81%.
- Tracing PDS's Beginning Cash Balance over 5 years: stood at $39.6 million in 2022, then declined by 8.98% to $36.0 million in 2023, then sank by 51.73% to $17.4 million in 2024, then jumped by 57.9% to $27.5 million in 2025, then gained by 9.11% to $30.0 million in 2026.
- The last three Beginning Cash Balance figures came in at $30.0 million (Q2 2026), $62.6 million (Q1 2026), and $27.5 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.97 Mn |
| Jun 30, 2026 | 29.97 Mn |
| Mar 31, 2026 | 62.55 Mn |
| Mar 31, 2026 | 62.55 Mn |
| Dec 31, 2025 | 27.47 Mn |
| Dec 31, 2025 | 27.47 Mn |
| Sep 30, 2025 | 33.93 Mn |
| Sep 30, 2025 | 33.93 Mn |
| Jun 30, 2025 | 20.38 Mn |
| Jun 30, 2025 | 20.38 Mn |
| Mar 31, 2025 | 51.41 Mn |
| Mar 31, 2025 | 51.41 Mn |
| Dec 31, 2024 | 17.40 Mn |
| Dec 31, 2024 | 17.40 Mn |
| Sep 30, 2024 | 35.36 Mn |
| Sep 30, 2024 | 35.36 Mn |
| Jun 30, 2024 | 22.63 Mn |
| Jun 30, 2024 | 22.63 Mn |
| Mar 31, 2024 | 40.21 Mn |
| Mar 31, 2024 | 40.21 Mn |