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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31 , 2020 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From Commission File No. 001-32472 DAWSON GEOPHYSICAL COMPANY ( Exact name of registrant as specified in its charter ) Texas ( State or other jurisdiction of incorporation or organization ) Securities registered pursuant to Section 12 ( b ) of the Act : to 508 West Wall , Suite 800 , Midland , Texas 79701 ( Address of Principal Executive Office ) ( Zip Code ) Registrant's Telephone Number , including area code : 432-684-3000 Trading Symbol ( s ) DWSN Title of Each Class Common Stock , $ 0.01 par value Securities registered pursuant to Section 12 ( g ) of the Act : None 74-2095844 ( I.R.S. Employer Identification No. ) Name of Exchange on Which Registered The NASDAQ Stock Market Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes - No No No Non - accelerated filer + Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( § 232 405 of the chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Accelerated filer Smaller reporting company Emerging growth company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13 ( a ) of the Exchange Act . □ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Yes No Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes No As of June 30 , 2020 , the aggregate market value of Dawson Geophysical Company common stock , par value $ 0.01 per share , held by non affiliates ( based upon the closing transaction price on Nasdaq ) was approximately $ 31,308,000 . On March 11 , 2021 , there were 23,478,072 shares of Dawson Geophysical Company common stock , $ 0.01 par value outstanding . As used in this report , the terms " we , ” “ our , ” “ us , ” “ Dawson ” and the “ Company ” refer to Dawson Geophysical Company unless the context indicates otherwise . DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant's Proxy Statement for its 2021 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report on Form 10 - K .