Filing Flows › Koil Energy Solutions (KLNG) › Q1 2026
Koil Energy Solutions (KLNG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Koil Energy Solutions (KLNG) reported revenue of $8.2M for the first quarter 2026 (Q1 2026), +56% from a year earlier and +13% from the quarter before. Operating margin was 3.3%, net earnings $241K (2.9% of revenue).
Koil Energy Solutions, Q1 2026: revenue $8.2M (+56% year over year), operating margin 3.3%, net earnings $241K, operating cash flow $414K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.2M | +13% | +56% |
| Operating profit | $273K | -31% | — |
| Net earnings | $241K | -30% | — |
| Operating cash flow | $414K | +202% | — |
| Free cash flow | $299K | — | — |
What changed
Revenue was $8.2M in Q1 2026, up 56% year over year and up 13% from the previous quarter.
Operating profit was $273K, a 3.3% margin (up 4.8 points year over year). Total costs grew 48% against revenue growth of 56%. The fastest-growing cost line was Cost of revenue (+55%). Net earnings were $241K. The effective tax rate was 10.7%.
Operating cash flow was $414K, 172% of net earnings. Non-cash charges added back $178K of depreciation and amortization and $131K of share-based compensation. Working capital and other items used $136K. Capital expenditures of $115K left free cash flow of $299K.
Questions
What was Koil Energy Solutions' revenue in the first quarter 2026?
Koil Energy Solutions (KLNG) reported revenue of $8.2M for the first quarter 2026 (Q1 2026), +56% from a year earlier and +13% from the quarter before.
Was Koil Energy Solutions profitable in the first quarter 2026?
Operating profit was $273K (3.3% of revenue) and net earnings $241K.