Filing Flows › Ecovyst (ECVT) › Q1 2026
Ecovyst (ECVT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Ecovyst (ECVT) reported revenue of $215M for the first quarter 2026 (Q1 2026), +50% from a year earlier and +8% from the quarter before. Operating margin was 5.8%, net earnings $4.3M (2.0% of revenue).
Ecovyst, Q1 2026: revenue $215M (+50% year over year), operating margin 5.8%, net earnings $4.3M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +8% | +50% |
| Gross profit | $36.4M | -22% | +91% |
| Operating profit | $12.5M | -43% | — |
| Net earnings | $4.3M | -25% | — |
| Operating cash flow | $16.9M | -59% | +65% |
| Free cash flow | $2.8M | — | — |
What changed
Revenue was $215.0M in Q1 2026, up 50% year over year and up 8% from the previous quarter. Industrial, mining & automotive was the largest line at 53% of revenue. Industrial, mining & automotive added $57.1M year over year (up 102%), 79% of the total change.
Gross margin was 16.9%, up 3.6 points from Q1 2025. Operating profit was $12.5M, a 5.8% margin (up 6.5 points year over year). Operating expenses grew 19% against revenue growth of 50%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $4.3M. The effective tax rate was 45.4%.
Operating cash flow was $16.9M (up 65% year over year), 393% of net earnings. Non-cash charges added back $19.9M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $10.8M. After purchases of property, plant and equipment ($14.1M), free cash flow as the company reports it was $2.8M.
Questions
What was Ecovyst's revenue in the first quarter 2026?
Ecovyst (ECVT) reported revenue of $215M for the first quarter 2026 (Q1 2026), +50% from a year earlier and +8% from the quarter before.
Was Ecovyst profitable in the first quarter 2026?
Operating profit was $12.5M (5.8% of revenue) and net earnings $4.3M.
Source: Ecovyst 10-Q on SEC EDGAR.