Filing Flows › Mosaic (MOS) › Q2 2026 › vs Q1 2026
Mosaic (MOS) Q2 2026 vs Q1 2026 (quarter over quarter)
Mosaic's revenue fell $174M (-6%) from $3.0B in Q1 2026 to $2.8B in Q2 2026. The biggest changes: Phosphate Crop Nutrients −$112M (-11%); Crop Nutrient Blends −$85.7M (-23%); Potash Crop Nutrients +$52.3M (+9%).
Mosaic, Q2 2026: revenue $2.8B (-6% year over year), operating margin -1.3%, net loss $266M, operating cash flow $167M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Phosphate Crop Nutrients | $930M | $1.0B | −$112M | -11% |
| Potash Crop Nutrients | $615M | $563M | $52.3M | +9% |
| Performance Products | $591M | $572M | $18.6M | +3% |
| Other Product Types | $374M | $422M | −$48.7M | -12% |
| Crop Nutrient Blends | $284M | $370M | −$85.7M | -23% |
| Phosphate Rock | $30.2M | $29.0M | $1.2M | +4% |
| Revenue | $2.8B | $3.0B | −$174M | -6% |
| Income tax benefit | $33.8M | $31.0M | $2.8M | +9% |
| Net loss | $266M | $254M | $11.0M | +4% |
| Costs & expenses | $3.1B | $3.4B | −$247M | -7% |
| Operating costs | $2.9B | $3.4B | −$511M | -15% |
| Interest & other, net | $264M | −$87.0M | $351M | — |
| Cost of revenue | $2.6B | $2.8B | −$153M | -6% |
| SG&A | $132M | $136M | −$4.3M | -3% |
| Other operating costs | $119M | $473M | −$354M | -75% |
| Operating cash sources | $433M | $359M | $74.2M | +21% |
| Depreciation & amortization | $292M | $317M | −$24.5M | -8% |
| Share-based compensation | $7.8M | $10.3M | −$2.5M | -24% |
| Working capital & other | $133M | $31.8M | $101M | +318% |
| Net loss absorbed | $266M | $254M | $11.0M | +4% |
| Operating cash flow | $167M | $104M | $63.2M | +61% |
| Capital expenditures | $320M | $357M | −$36.5M | -10% |
| Negative free cash flow (OCF − capex) | $153M | $253M | −$99.7M | -39% |
Questions
How much did Mosaic's revenue grow quarter over quarter in Q2 2026?
Mosaic's revenue fell $174M (-6%) from $3.0B in Q1 2026 to $2.8B in Q2 2026.
What drove Mosaic's revenue change in Q2 2026?
Phosphate Crop Nutrients −$112M (-11%); Crop Nutrient Blends −$85.7M (-23%); Potash Crop Nutrients +$52.3M (+9%).