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How Coda Octopus Group (CODA) makes money

Coda Octopus Group (CODA) made $7.7M of revenue in the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier. Equipment Sales brought in $3.8M (49%); Engineering Parts brought in $2.6M (33%); Equipment Rentals brought in $704K (9%). Of every dollar of revenue, 65¢ was left as gross profit, 20¢ was left as operating profit, 18¢ was left as net earnings.

Drawing the Sankey…

Coda Octopus Group revenue by segment, Q3 FY26Coda Octopus Group revenue by segment, Q3 FY26Equipment Sales$3.8MEngineering Parts$2.6MEquipment Rentals$704KService$587KSoftware Sales$95K
Coda Octopus Group: revenue by line, Q4 FY24 to Q3 FY26Coda Octopus Group: revenue by line, Q4 FY24 to Q3 FY26Equipment SalesEngineering PartsServiceEquipment RentalsSoftware SalesServicesEquipment Sales: $3.8M latest$3.8MEngineering Parts: $2.6M latest$2.6MService: $587K latest$587KEquipment Rentals: $704K latest$704KSoftware Sales: $95K latestServices: $0 latestQ4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Equipment Sales went from 40% of revenue in Q4 FY24 to 49% in Q3 FY26, the largest shift in the mix.
Coda Octopus Group revenue by quarterCoda Octopus Group revenue by quarter$5.1MQ4 FY24$7.0MQ2 FY25$7.1MQ3 FY25$7.3MQ4 FY25$6.7MQ1 FY26$6.9MQ2 FY26$7.7MQ3 FY26
Coda Octopus Group: where each dollar of revenue goesCoda Octopus Group: where each dollar of revenue goesCost of revenue35¢Gross profit65¢Operating expenses46¢Operating profit20¢Income tax5¢Net earnings18¢Operating cash flow18¢Free cash flow16¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Equipment Sales$3.8M48.7%+19%-10%
Engineering Parts$2.6M33.4%+23%+134%
Equipment Rentals$704K9.1%-8%+129%
Service$587K7.6%-22%-52%
Software Sales$95K1.2%-30%-60%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$7.7M100.0%
Cost of revenue$2.7M34.6%
Gross profit$5.1M65.4%
Operating expenses$3.5M45.6%
Operating profit$1.5M19.9%
Income tax$402K5.2%
Net earnings$1.4M18.0%
Operating cash flow$1.4M17.9%
Free cash flow$1.2M15.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$7.7M+9%
Q2 FY26$6.9M-2%
Q1 FY26$6.7M+29%
Q4 FY25$7.3M+44%
Q3 FY25$7.1M+29%
Q2 FY25$7.0M+32%
Q4 FY24$5.1M+42%

From Coda Octopus Group's 10-Q filed Sep 14, 2026 (on EDGAR).

Questions

How does Coda Octopus Group make money?

Coda Octopus Group (CODA) made $7.7M of revenue in the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier. Equipment Sales brought in $3.8M (49%); Engineering Parts brought in $2.6M (33%); Equipment Rentals brought in $704K (9%). Of every dollar of revenue, 65¢ was left as gross profit, 20¢ was left as operating profit, 18¢ was left as net earnings.

What is Coda Octopus Group's biggest business?

Equipment Sales: $3.8M in the third quarter fiscal 2026, 49% of revenue, -10% from a year earlier.

What is Coda Octopus Group's profit margin?

Net earnings were $1.4M, 18.0% of revenue, in the third quarter fiscal 2026; the operating margin was 19.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.