Filing Flows › Covista (CVSA) › Q1 FY26
Covista (CVSA) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
Covista (CVSA) reported revenue of $462M for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +1% from the quarter before. Operating margin was 18.5%, net earnings $61.8M (13.4% of revenue).
Covista, Q1 FY26: revenue $462M (+11% year over year), operating margin 18.5%, net earnings $61.8M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $462M | +1% | +11% |
| Operating profit | $85.5M | +11% | +22% |
| Net earnings | $61.8M | +14% | +34% |
| Operating cash flow | $131M | +119% | +46% |
| Free cash flow | $115M | +181% | +45% |
What changed
Revenue was $462.3M in Q1 FY26, up 11% year over year and up 1% from the previous quarter. Walden was the largest line at 41% of revenue. Walden added $28.4M year over year (up 18%), 63% of the total change.
Operating profit was $85.5M, a 18.5% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 17% margin then. Total costs grew 9% against revenue growth of 11%. The fastest-growing cost line was SG&A (+10%). Net earnings were $61.8M, up 34% year over year. The effective tax rate was 20.4%.
Operating cash flow was $130.5M (up 46% year over year), 211% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items added $47.3M. Capital expenditures of $16.0M left free cash flow of $114.5M.
Questions
What was Covista's revenue in the first quarter fiscal 2026?
Covista (CVSA) reported revenue of $462M for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +1% from the quarter before.
Was Covista profitable in the first quarter fiscal 2026?
Operating profit was $85.5M (18.5% of revenue) and net earnings $61.8M.
Source: Covista 10-Q on SEC EDGAR.