Filing Flows › Mercer International (MERC) › Q3 2026
Mercer International (MERC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Mercer International (MERC) reported revenue of $441M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -4% from the quarter before. Operating margin was -8.8%, net loss $59.2M (13.4% of revenue).
Mercer International, Q3 2026: revenue $441M (-4% year over year), operating margin -8.8%, net loss $59.2M, operating cash flow −$20.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $441M | -4% | -4% |
| Operating profit | −$38.7M | — | — |
| Net earnings | −$59.2M | — | — |
| Operating cash flow | −$20.0M | — | — |
What changed
Revenue was $440.7M in Q3 2026, down 4% year over year and down 4% from the previous quarter. Pulp was the largest line at 64% of revenue. Pulp lost $37.5M year over year (down 12%), 216% of the total change.
Operating costs exceeded revenue by $38.7M, an operating margin of -8.8%. Total costs fell 9% while revenue fell 4%. The quarter ended with a net loss of $59.2M, narrower than the previous quarter's $76.0M loss. Net interest and other expense of $31.4M was the main reason.
Operating cash flow was −$20.0M. Non-cash charges added back $35.9M of depreciation and amortization and $477K of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $13.3M exceeded it, leaving free cash flow of −$33.3M.
Questions
What was Mercer International's revenue in the third quarter 2026?
Mercer International (MERC) reported revenue of $441M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -4% from the quarter before.
Was Mercer International profitable in the third quarter 2026?
Operating loss was $38.7M (-8.8% of revenue) and net loss $59.2M.