Filing Flows › CoJax Oil & Gas (CJAX) › Q1 2026
CoJax Oil & Gas (CJAX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
CoJax Oil & Gas (CJAX) reported revenue of $112K for the first quarter 2026 (Q1 2026), -67% from a year earlier and -37% from the quarter before. Operating margin was -236.9%, net loss $266K (237.3% of revenue).
CoJax Oil & Gas, Q1 2026: revenue $112K (-67% year over year), operating margin -236.9%, net loss $266K, operating cash flow $16K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112K | -37% | -67% |
| Operating profit | −$266K | — | — |
| Net earnings | −$266K | — | — |
| Operating cash flow | $16K | +90% | -50% |
| Free cash flow | $9K | — | — |
What changed
Revenue was $112K in Q1 2026, down 67% year over year and down 37% from the previous quarter.
Operating costs exceeded revenue by $266K, an operating margin of -236.9%. Total costs fell 22% while revenue fell 67%. The quarter ended with a net loss of $266K, narrower than the previous quarter's $603K loss.
Operating cash flow was $16K (down 50% year over year). Non-cash charges added back $56K of depreciation and amortization. Working capital and other items added $226K. Capital expenditures of $7K left free cash flow of $9K.
Questions
What was CoJax Oil & Gas' revenue in the first quarter 2026?
CoJax Oil & Gas (CJAX) reported revenue of $112K for the first quarter 2026 (Q1 2026), -67% from a year earlier and -37% from the quarter before.
Was CoJax Oil & Gas profitable in the first quarter 2026?
Operating loss was $266K (-236.9% of revenue) and net loss $266K.
Source: CoJax Oil & Gas 10-Q on SEC EDGAR.