Filing Flows › Orion S.A. (OEC) › Q1 2026
Orion S.A. (OEC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Orion S.A. (OEC) reported revenue of $460M for the first quarter 2026 (Q1 2026), -4% from a year earlier and +12% from the quarter before. Operating margin was 2.5%, net loss $9.9M (2.2% of revenue).
Orion S.A., Q1 2026: revenue $460M (-4% year over year), operating margin 2.5%, net loss $9.9M, operating cash flow −$12.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | +12% | -4% |
| Operating profit | $11.4M | -36% | -63% |
| Net earnings | −$9.9M | — | -209% |
| Operating cash flow | −$12.4M | -113% | -3200% |
What changed
Revenue was $459.5M in Q1 2026, down 4% year over year and up 12% from the previous quarter.
Gross margin was 17.2%, down 3.3 points from Q1 2025. Operating profit was $11.4M, a 2.5% margin (down 4.1 points year over year). Operating expenses grew 1% against a revenue fall of 4%. The fastest-growing cost line was Research & development (+11%). The quarter ended with a net loss of $9.9M, narrower than the previous quarter's $21.1M loss. Net interest and other expense of $14.6M was the main reason.
Operating cash flow was −$12.4M. Non-cash charges added back $32.7M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $36.6M. Capital expenditures of $36.1M exceeded it, leaving free cash flow of −$48.5M.
Questions
What was Orion S.A.'s revenue in the first quarter 2026?
Orion S.A.
Was Orion S.A. profitable in the first quarter 2026?
Operating profit was $11.4M (2.5% of revenue) and net loss $9.9M.
Source: Orion S.A. 10-Q on SEC EDGAR.