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CoJax Oil & Gas (CJAX) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 12, 2026

CoJax Oil & Gas (CJAX) reported revenue of $329K for the second quarter 2026 (Q2 2026), +41% from a year earlier and +194% from the quarter before. Operating margin was 0.9%, net earnings $3K (0.8% of revenue).

Revenue$329K
Year over year+41%
Quarter over quarter+194%
Operating margin0.9%
Net earnings$3K

CoJax Oil & Gas, Q2 2026: revenue $329K (+41% year over year), operating margin 0.9%, net earnings $3K, operating cash flow −$34K. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$329K+194%+41%
Operating profit$3K——
Net earnings$3K——
Operating cash flow−$34K-306%—

What changed

Revenue was $329K in Q2 2026, up 41% year over year and up 194% from the previous quarter.

Operating profit was $3K, a 0.9% margin (up 88.2 points year over year). Total costs fell 25% while revenue rose 41%. Net earnings were $3K. The effective tax rate was 0.0%.

Operating cash flow was −$34K. Non-cash charges added back $91K of depreciation and amortization. Working capital and other items used $127K. Capital expenditures of $238K exceeded it, leaving free cash flow of −$272K.

Questions

What was CoJax Oil & Gas' revenue in the second quarter 2026?

CoJax Oil & Gas (CJAX) reported revenue of $329K for the second quarter 2026 (Q2 2026), +41% from a year earlier and +194% from the quarter before.

Was CoJax Oil & Gas profitable in the second quarter 2026?

Operating profit was $3K (0.9% of revenue) and net earnings $3K.

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Source: CoJax Oil & Gas 10-Q on SEC EDGAR.