Filing Flows › Cadre Holdings (CDRE) › Q2 2026 › vs Q2 2025
Cadre Holdings (CDRE) Q2 2026 vs Q2 2025 (year over year)
Cadre Holdings's revenue rose $50.0M (+32%) from $157M in Q2 2025 to $207M in Q2 2026. Gross margin 42.1% against 40.9% (+1.2 pts).
Cadre Holdings, Q2 2026: revenue $207M (+32% year over year), operating margin 10.8%, net earnings $11.4M, operating cash flow $22.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.1% | 40.9% | +1.2 pts |
| Operating margin | 10.8% | 9.3% | +1.5 pts |
| Net margin | 5.5% | 7.8% | -2.3 pts |
| Free cash flow margin | 9.0% | 0.7% | +8.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $207M | $157M | $50.0M | +32% |
| Gross profit | $87.1M | $64.2M | $22.9M | +36% |
| Cost of revenue | $120M | $92.9M | $27.1M | +29% |
| Operating profit | $22.5M | $14.7M | $7.8M | +53% |
| Operating expenses | $64.7M | $49.6M | $15.1M | +30% |
| Pre-tax earnings | $16.9M | $17.2M | −$295K | -2% |
| Other expense, net | $5.5M | −$2.5M | $8.1M | — |
| SG&A | $63.2M | $45.1M | $18.1M | +40% |
| Other operating costs | $1.5M | $4.4M | −$3.0M | -67% |
| Net earnings | $11.4M | $12.2M | −$804K | -7% |
| Income tax | $5.5M | $5.0M | $509K | +10% |
| Depreciation & amortization | $6.2M | $4.7M | $1.5M | +32% |
| Share-based compensation | $3.0M | $2.4M | $535K | +22% |
| Working capital & other | $1.6M | −$16.7M | $18.3M | — |
| Operating cash flow | $22.1M | $2.6M | $19.5M | +755% |
| Free cash flow (OCF − capex) | $18.7M | $1.2M | $17.5M | 16× |
| Capital expenditures | $3.5M | $1.4M | $2.0M | +142% |
Questions
How much did Cadre Holdings's revenue grow year over year in Q2 2026?
Cadre Holdings's revenue rose $50.0M (+32%) from $157M in Q2 2025 to $207M in Q2 2026. Gross margin 42.1% against 40.9% (+1.2 pts).