Filing Flows › Coda Octopus Group (CODA) › Q2 FY26 › vs Q2 FY25
Coda Octopus Group (CODA) Q2 FY26 vs Q2 FY25 (year over year)
Coda Octopus Group's revenue fell $113K (-2%) from $7.0M in Q2 FY25 to $6.9M in Q2 FY26. The biggest changes: Equipment Sales −$1.3M (-30%); Equipment Rentals +$593K (+351%); Engineering Parts +$496K (+31%). Gross margin 66.3% against 64.1% (+2.2 pts).
Coda Octopus Group, Q2 FY26: revenue $6.9M (-2% year over year), operating margin 26.0%, net earnings $1.7M, operating cash flow $570K. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 66.3% | 64.1% | +2.2 pts |
| Operating margin | 26.0% | 15.5% | +10.5 pts |
| Net margin | 24.6% | 13.0% | +11.6 pts |
| Free cash flow margin | 6.5% | 19.9% | -13.4 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Equipment Sales | $3.2M | $4.5M | −$1.3M | -30% |
| Engineering Parts | $2.1M | $1.6M | $496K | +31% |
| Equipment Rentals | $761K | $169K | $593K | +351% |
| Service | $757K | $518K | $240K | +46% |
| Software Sales | $135K | $228K | −$93K | -41% |
| Revenue | $6.9M | $7.0M | −$113K | -2% |
| Gross profit | $4.6M | $4.5M | $81K | +2% |
| Cost of revenue | $2.3M | $2.5M | −$194K | -8% |
| Other income, net | $341K | $178K | $163K | +91% |
| Operating profit | $1.8M | $1.1M | $705K | +65% |
| Operating expenses | $2.8M | $3.4M | −$625K | -18% |
| Pre-tax earnings | $2.1M | $1.3M | $868K | +69% |
| Research & development | $648K | $690K | −$42K | -6% |
| SG&A | $2.1M | $2.7M | −$583K | -21% |
| Net earnings | $1.7M | $909K | $789K | +87% |
| Income tax | $436K | $357K | $79K | +22% |
| Depreciation & amortization | $189K | $336K | −$146K | -44% |
| Share-based compensation | $14K | $66K | −$53K | -79% |
| Working capital & other | $1.3M | −$152K | $1.5M | — |
| Operating cash flow | $570K | $1.5M | −$892K | -61% |
| Free cash flow (OCF − capex) | $449K | $1.4M | −$945K | -68% |
| Capital expenditures | $121K | $68K | $53K | +78% |
Questions
How much did Coda Octopus Group's revenue grow year over year in Q2 FY26?
Coda Octopus Group's revenue fell $113K (-2%) from $7.0M in Q2 FY25 to $6.9M in Q2 FY26.
What drove Coda Octopus Group's revenue change in Q2 FY26?
Equipment Sales −$1.3M (-30%); Equipment Rentals +$593K (+351%); Engineering Parts +$496K (+31%).