Filing Flows › Consolidated Water (CWCO) › Q1 2026
Consolidated Water (CWCO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Consolidated Water (CWCO) reported revenue of $30.0M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +1% from the quarter before. Operating margin was 11.5%, net earnings $3.8M (12.6% of revenue).
Consolidated Water, Q1 2026: revenue $30.0M (-11% year over year), operating margin 11.5%, net earnings $3.8M, operating cash flow $6.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.0M | +1% | -11% |
| Gross profit | $10.9M | +6% | -11% |
| Operating profit | $3.4M | +27% | -25% |
| Net earnings | $3.8M | +29% | -21% |
| Operating cash flow | $6.5M | +13% | -44% |
| Free cash flow | $4.9M | +44% | -52% |
What changed
Revenue was $30.0M in Q1 2026, down 11% year over year and up 1% from the previous quarter. Services revenue was the largest line at 38% of revenue. Manufacturing revenue lost $4.4M year over year (down 76%), 118% of the total change.
Gross margin was 36.4%, down 0.1 points from Q1 2025. Operating profit was $3.4M, a 11.5% margin (down 2.2 points year over year). Operating expenses fell 3% while revenue fell 11%. Net earnings were $3.8M, down 21% year over year. The effective tax rate was 4.9%.
Operating cash flow was $6.5M (down 44% year over year), 166% of net income including minority interests. Non-cash charges added back $1.8M of depreciation and amortization and $396K of share-based compensation. Working capital and other items added $460K. Capital expenditures of $1.7M left free cash flow of $4.9M.
Questions
What was Consolidated Water's revenue in the first quarter 2026?
Consolidated Water (CWCO) reported revenue of $30.0M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +1% from the quarter before.
Was Consolidated Water profitable in the first quarter 2026?
Operating profit was $3.4M (11.5% of revenue) and net earnings $3.8M.
Source: Consolidated Water 10-Q on SEC EDGAR.