Filing Flows › Babcock & Wilcox Enterprises (BW) › Q1 2026
Babcock & Wilcox Enterprises (BW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Babcock & Wilcox Enterprises (BW) reported revenue of $214M for the first quarter 2026 (Q1 2026), +44% from a year earlier and +54% from the quarter before. Operating margin was -0.8%, net loss $76.9M (35.9% of revenue).
Babcock & Wilcox Enterprises, Q1 2026: revenue $214M (+44% year over year), operating margin -0.8%, net loss $76.9M, operating cash flow $17.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | +54% | +44% |
| Operating profit | −$1.7M | -128% | -128% |
| Net earnings | −$76.9M | -932% | — |
| Operating cash flow | $17.8M | — | — |
| Free cash flow | $10.7M | — | — |
What changed
Revenue was $214.4M in Q1 2026, up 44% year over year and up 54% from the previous quarter.
Operating costs exceeded revenue by $1.7M, an operating margin of -0.8%. Total costs grew 44% against revenue growth of 44%. The fastest-growing cost line was SG&A (+57%). The quarter ended with a net loss of $76.9M, after a profit of $9.2M the previous quarter. Net interest and other expense of $71.1M was the main reason.
Operating cash flow was $17.8M. Non-cash charges added back $2.5M of depreciation and amortization and $13.2M of share-based compensation. Working capital and other items added $79.0M. Capital expenditures of $7.1M left free cash flow of $10.7M.
Questions
What was Babcock & Wilcox Enterprises' revenue in the first quarter 2026?
Babcock & Wilcox Enterprises (BW) reported revenue of $214M for the first quarter 2026 (Q1 2026), +44% from a year earlier and +54% from the quarter before.
Was Babcock & Wilcox Enterprises profitable in the first quarter 2026?
Operating loss was $1.7M (-0.8% of revenue) and net loss $76.9M.