Eastman Kodak (KODK) earnings and revenue breakdown

Revenue was $276.0M in Q3 2026, up 3% year over year and down 11% from the previous quarter. Print was the largest line at 60% of revenue. Advanced Materials and Chemicals added $17.0M year over year (up 21%), 243% of the total change. All Other declined 25%.

Gross margin was 26.4%, up 1.2 points from Q3 2025. Operating profit was $15.0M, a 5.4% margin (down 1.6 points year over year). Operating profit fell $4.0M even though revenue rose $7.0M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 3%. The fastest-growing cost line was SG&A (+22%). Net earnings were $21.0M, up 62% year over year. The effective tax rate was 12.5%. Non-operating items added $9.0M, 38% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $25.0M (up 19% year over year), 119% of net earnings. Non-cash charges added back $7.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $11.0M. Capital expenditures of $7.0M left free cash flow of $18.0M.