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Alta Equipment Group (ALTG) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Alta Equipment Group (ALTG) Q2 2026 earnings results →

Q2 2026 Revenue down 1% year over year to $476M · 2¢ of every $1 of revenue lost · operating margin 2.5%

Alta Equipment Group made $476M in Q2 2026 (-1% Y/Y): New and Used Equipment Sales $262M, Parts Sales $75.6M, Service $63.8M. Operating margin 2.5%, net loss $7.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$476M
Year over year-1%
Operating margin2.5%
Net earnings−$7.5M
Operating cash flow$5.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $475.5M in Q2 2026, down 1% year over year and up 16% from the previous quarter. New and Used Equipment Sales was the largest line at 55% of revenue. New and Used Equipment Sales lost $3.5M year over year (down 1%), 61% of the total change.

Gross margin was 26.1%, up 0.7 points from Q2 2025. Operating profit was $12.0M, a 2.5% margin (down 0.1 points year over year). Operating expenses grew 2% against a revenue fall of 1%. The quarter ended with a net loss of $7.5M, narrower than the previous quarter's $19.5M loss. Net interest and other expense of $19.9M was the main reason.

Operating cash flow was $5.3M (down 62% year over year). Non-cash charges added back $33.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $22.0M. Capital expenditures of $3.0M left free cash flow of $2.3M.

Quarterly history

Alta Equipment Group revenue by quarterAlta Equipment Group revenue by quarter$498MQ4 2024$423MQ1 2025$481MQ2 2025$423MQ3 2025$509MQ4 2025$410MQ1 2026$476MQ2 2026
Alta Equipment Group net earnings by quarterAlta Equipment Group net earnings by quarter−$10.6MQ4 2024−$20.9MQ1 2025−$6.1MQ2 2025−$41.6MQ3 2025−$11.7MQ4 2025−$19.5MQ1 2026−$7.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 6, 2026$476M-1%2.5%−$7.5M$5.3M
Q1 202610-QMay 7, 2026$410M-3%-1.4%−$19.5M$20.8M
Q4 202510-KFeb 26, 2026$509M+2%1.0%−$11.7M$33.9M
Q3 202510-QNov 6, 2025$423M-6%1.1%−$41.6M$2.5M
Q2 202510-QAug 7, 2025$481M-1%2.6%−$6.1M$14.1M
Q1 202510-QMay 7, 2025$423M-4%0.2%−$20.9M−$17.5M
Q4 202410-KMar 5, 2025$498M-4%0.5%−$10.6M$34.9M

Charts

Alta Equipment Group: revenue growth, year over year and quarter over quarterAlta Equipment Group: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q4 2024-4%-15%Q1 2025-1%+14%Q2 2025-6%-12%Q3 2025+2%+20%Q4 2025-3%-19%Q1 2026-1%+16%Q2 2026
Latest (Q2 2026): Y/Y -1%, Q/Q +16%.
Alta Equipment Group: where the cash came from (+) and went (−), TTM to Q2 2026Alta Equipment Group: where the cash came from (+) and went (−), TTM to Q2 2026Other financing−$294MNet borrowing (+) / repaid (−)$260MOperating cash flow$62.5MOther investing−$13.4MCapital spending−$11.3MCash drawn (+) / kept (−)−$7.7MAsset & business sales$6.4MDividends−$3.0MExchange rates−$200K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Alta Equipment Group: profit against cash, quarter by quarterAlta Equipment Group: profit against cash, quarter by quarterNet incomeOperating cash flow−$27.7M$46.3MQ3 2024−$10.6M$34.9MQ4 2024−$20.9M−$17.5MQ1 2025−$6.1M$14.1MQ2 2025−$41.6M$2.5MQ3 2025−$11.7M$33.9MQ4 2025−$19.5M$20.8MQ1 2026−$7.5M$5.3MQ2 2026
Latest (Q2 2026): Net income −$7.5M, Operating cash flow $5.3M.
Alta Equipment Group: diluted shares by fiscal yearAlta Equipment Group: diluted shares by fiscal year27MFY202032MFY202132MFY202233MFY202333MFY202433MFY2025
+22.9% since FY2020: more shares outstanding (issuance, stock pay).
Alta Equipment Group in its industry: growth against margin (4 companies, SIC 5084)Alta Equipment Group in its industry: growth against margin (4 companies, SIC 5084)revenue growth, year over year →↑ operating marginmedian +10%median 8%MSMDXPEGICALTG (-1%, 2%)
Wholesale-Industrial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Alta Equipment Group

Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, concrete and asphalt paving equipment, other construction equipment, and allied products. Alta has operated as an equipment dealership for 42 years and has over 80 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida, and the Canadian provinces of Ontario, New Brunswick, and Quebec.

In its own words, from its 8-K, filed Aug 6, 2026.

Alta Equipment Group against its Wholesale-Industrial Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +10%. Operating margin: 2.5% against the peers' median 8.4%.

CompanyQuarterRevenueY/YOp. margin
ALTG Alta Equipment GroupQ2 2026$476M-1%2.5%
MSM MSC Industrial DirectQ4 FY26$1.1B+10%6.7%
DXPE DXP EnterprisesQ3 2026$587M+14%8.9%
GIC Global IndustrialQ3 2026$390M+10%8.4%

Source: Alta Equipment Group 10-Q on SEC EDGAR · CIK 1759824 · Wholesale-Industrial Machinery & Equipment

13F: who owns ALTG and who is buying

Largest holders of ALTG (13F)Largest holders of ALTG (13F)Mill Road Capital Management LLC$28.3MBlackRock$10.8MCastleKnight Management LP$10.5MNantahala Capital Management, LLC$9.4MVoss Capital, LP$7.6MVanguard Capital Management LLC$6.8MFirst Eagle Investment Management…$6.7MRoyce & Associates LP$6.5MVanguard Group$6.1MState Street$3.3M
Funds' net buying of ALTG by quarter (13F)Funds' net buying of ALTG by quarter (13F)−$3.2M2024-09$2.6M2024-12−$2.9M2025-03−$4.6M2025-06−$6.0M2025-09−$1.9M2025-12−$3.0M2026-03$14.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ALTG

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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