Filing Flows › Covista (CVSA) › Q2 FY26
Covista (CVSA) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 28, 2026
Covista (CVSA) reported revenue of $503M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +9% from the quarter before. Operating margin was 22.1%, net earnings $76.4M (15.2% of revenue).
Covista, Q2 FY26: revenue $503M (+12% year over year), operating margin 22.1%, net earnings $76.4M, operating cash flow $29.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $503M | +9% | +12% |
| Operating profit | $111M | +30% | +7% |
| Net earnings | $76.4M | +24% | +0.7% |
| Operating cash flow | $29.7M | -77% | — |
| Free cash flow | $15.1M | -87% | — |
What changed
Revenue was $503.4M in Q2 FY26, up 12% year over year and up 9% from the previous quarter. Walden was the largest line at 43% of revenue. Walden added $46.3M year over year (up 27%), 83% of the total change.
Operating profit was $111.1M, a 22.1% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 23% margin then. Total costs grew 14% against revenue growth of 12%. The fastest-growing cost line was SG&A (+17%). Net earnings were $76.4M, up 1% year over year. The effective tax rate was 25.2%.
Operating cash flow was $29.7M, 39% of net earnings. Non-cash charges added back $13.8M of depreciation and amortization and $13.2M of share-based compensation. Working capital and other items used $73.6M. Capital expenditures of $14.6M left free cash flow of $15.1M.
Questions
What was Covista's revenue in the second quarter fiscal 2026?
Covista (CVSA) reported revenue of $503M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +9% from the quarter before.
Was Covista profitable in the second quarter fiscal 2026?
Operating profit was $111M (22.1% of revenue) and net earnings $76.4M.
Source: Covista 10-Q on SEC EDGAR.