Filing Flows › Omega Flex (OFLX) › Q1 2026
Omega Flex (OFLX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Omega Flex (OFLX) reported revenue of $23.1M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -8% from the quarter before. Operating margin was 10.0%, net earnings $2.1M (9.0% of revenue).
Omega Flex, Q1 2026: revenue $23.1M (-1% year over year), operating margin 10.0%, net earnings $2.1M, operating cash flow $608K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.1M | -8% | -1% |
| Gross profit | $13.1M | -12% | -7% |
| Operating profit | $2.3M | -42% | -43% |
| Net earnings | $2.1M | -39% | -42% |
| Operating cash flow | $608K | -92% | -61% |
What changed
Revenue was $23.1M in Q1 2026, down 1% year over year and down 8% from the previous quarter.
Gross margin was 56.7%, down 3.7 points from Q1 2025. Operating profit was $2.3M, a 10.0% margin (down 7.4 points year over year). Operating expenses grew 8% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were $2.1M, down 42% year over year ($2.0M including minority interests, which bore $73K of losses). The effective tax rate was 25.1%.
Operating cash flow was $608K (down 61% year over year), 30% of net income including minority interests. Non-cash charges added back $342K of depreciation and amortization and $117K of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $709K exceeded it, leaving free cash flow of −$101K.
Questions
What was Omega Flex's revenue in the first quarter 2026?
Omega Flex (OFLX) reported revenue of $23.1M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -8% from the quarter before.
Was Omega Flex profitable in the first quarter 2026?
Operating profit was $2.3M (10.0% of revenue) and net earnings $2.1M.
Source: Omega Flex 10-Q on SEC EDGAR.