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Ceco Environmental (CECO) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 10, 2026

Ceco Environmental (CECO) reported revenue of $285M for the second quarter 2026 (Q2 2026), +54% from a year earlier and +38% from the quarter before. Operating margin was -11.6%, net loss $34.5M (12.1% of revenue).

Revenue$285M
Year over year+54%
Quarter over quarter+38%
Operating margin-11.6%
Net earnings−$34.5M

Ceco Environmental, Q2 2026: revenue $285M (+54% year over year), operating margin -11.6%, net loss $34.5M, operating cash flow −$19.3M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$285M+38%+54%
Operating profit−$33.2M-1869%-284%
Net earnings−$34.5M—-463%
Operating cash flow−$19.3M——

What changed

Revenue was $285.0M in Q2 2026, up 54% year over year and up 38% from the previous quarter.

Gross margin was 30.3%, down 5.9 points from Q2 2025. Operating costs exceeded revenue by $33.2M, an operating margin of -11.6%. Operating expenses grew 144% against revenue growth of 54%. The fastest-growing cost line was Other operating costs (+24036%). The quarter ended with a net loss of $34.5M, wider than the previous quarter's $248K loss.

Operating cash flow was −$19.3M. Non-cash charges added back $12.4M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $4.9M exceeded it, leaving free cash flow of −$24.2M.

Questions

What was Ceco Environmental's revenue in the second quarter 2026?

Ceco Environmental (CECO) reported revenue of $285M for the second quarter 2026 (Q2 2026), +54% from a year earlier and +38% from the quarter before.

Was Ceco Environmental profitable in the second quarter 2026?

Operating loss was $33.2M (-11.6% of revenue) and net loss $34.5M.

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Source: Ceco Environmental 10-Q on SEC EDGAR.