Filing Flows › Cadre Holdings (CDRE) › Q3 2026 › vs Q2 2026
Cadre Holdings (CDRE) Q3 2026 vs Q2 2026 (quarter over quarter)
Cadre Holdings's revenue fell $4.2M (-2%) from $207M in Q2 2026 to $203M in Q3 2026. Gross margin 43.4% against 42.1% (+1.4 pts).
Cadre Holdings, Q3 2026: revenue $203M (+30% year over year), operating margin 14.0%, net earnings $16.0M, operating cash flow $22.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 43.4% | 42.1% | +1.4 pts |
| Operating margin | 14.0% | 10.8% | +3.1 pts |
| Net margin | 7.9% | 5.5% | +2.4 pts |
| Free cash flow margin | 9.8% | 9.0% | +0.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $203M | $207M | −$4.2M | -2% |
| Gross profit | $88.1M | $87.1M | $956K | +1% |
| Cost of revenue | $115M | $120M | −$5.2M | -4% |
| Operating profit | $28.4M | $22.5M | $5.9M | +26% |
| Operating expenses | $59.7M | $64.7M | −$4.9M | -8% |
| Pre-tax earnings | $23.9M | $16.9M | $7.0M | +41% |
| Other expense, net | $4.4M | $5.5M | −$1.1M | -20% |
| SG&A | $58.9M | $63.2M | −$4.3M | -7% |
| Other operating costs | $863K | $1.5M | −$590K | -41% |
| Net earnings | $16.0M | $11.4M | $4.6M | +40% |
| Income tax | $7.9M | $5.5M | $2.4M | +44% |
| Depreciation & amortization | $6.4M | $6.2M | $265K | +4% |
| Share-based compensation | $5.1M | $3.0M | $2.1M | +71% |
| Working capital & other | $4.6M | −$1.6M | $6.1M | — |
| Operating cash flow | $22.9M | $22.1M | $802K | +4% |
| Free cash flow (OCF − capex) | $19.9M | $18.7M | $1.2M | +6% |
| Capital expenditures | $3.1M | $3.5M | −$382K | -11% |
Questions
How much did Cadre Holdings's revenue grow quarter over quarter in Q3 2026?
Cadre Holdings's revenue fell $4.2M (-2%) from $207M in Q2 2026 to $203M in Q3 2026. Gross margin 43.4% against 42.1% (+1.4 pts).