Filing Flows › Coda Octopus Group (CODA) › Q1 FY26
Coda Octopus Group (CODA) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 17, 2026
Coda Octopus Group (CODA) reported revenue of $6.7M for the first quarter fiscal 2026 (Q1 FY26), +29% from a year earlier and -8% from the quarter before. Operating margin was 15.1%, net earnings $931K (13.9% of revenue).
Coda Octopus Group, Q1 FY26: revenue $6.7M (+29% year over year), operating margin 15.1%, net earnings $931K, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | -8% | +29% |
| Gross profit | $4.4M | -11% | +27% |
| Operating profit | $1.0M | -28% | +53% |
| Net earnings | $931K | -9% | +2% |
| Operating cash flow | $1.5M | -49% | +130% |
| Free cash flow | $1.4M | -45% | +172% |
What changed
Revenue was $6.7M in Q1 FY26, up 29% year over year and down 8% from the previous quarter. Equipment Sales was the largest line at 54% of revenue. Equipment Sales added $576K year over year (up 19%), 38% of the total change.
Gross margin was 65.1%, down 0.7 points from a year earlier. Operating profit was $1.0M, a 15.1% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 13% margin then. Operating expenses grew 21% against revenue growth of 29%. The fastest-growing cost line was SG&A (+24%). Net earnings were $931K, up 2% year over year. The effective tax rate was 21.6%.
Operating cash flow was $1.5M (up 130% year over year), 159% of net earnings. Non-cash charges added back $366K of depreciation and amortization and $27K of share-based compensation. Working capital and other items added $153K. Capital expenditures of $82K left free cash flow of $1.4M.
Questions
What was Coda Octopus Group's revenue in the first quarter fiscal 2026?
Coda Octopus Group (CODA) reported revenue of $6.7M for the first quarter fiscal 2026 (Q1 FY26), +29% from a year earlier and -8% from the quarter before.
Was Coda Octopus Group profitable in the first quarter fiscal 2026?
Operating profit was $1.0M (15.1% of revenue) and net earnings $931K.
Source: Coda Octopus Group 10-Q on SEC EDGAR.