Filing Flows › Orion Group Holdings (ORN) › Q2 2026
Orion Group Holdings (ORN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Orion Group Holdings (ORN) reported revenue of $222M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +3% from the quarter before. Operating margin was -0.6%, net loss $4.1M (1.9% of revenue).
Orion Group Holdings, Q2 2026: revenue $222M (+8% year over year), operating margin -0.6%, net loss $4.1M, operating cash flow −$17.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | +3% | +8% |
| Operating profit | −$1.3M | — | -138% |
| Net earnings | −$4.1M | -188% | -593% |
| Operating cash flow | −$17.6M | -458% | — |
What changed
Revenue was $221.9M in Q2 2026, up 8% year over year and up 3% from the previous quarter. Marine Segment was the largest line at 59% of revenue. Concrete Segment added $21.1M year over year (up 30%), 127% of the total change. Marine Segment declined 3%.
Gross margin was 10.3%, down 2.2 points from Q2 2025. Operating costs exceeded revenue by $1.3M, an operating margin of -0.6%. Operating expenses grew 8% against revenue growth of 8%. The quarter ended with a net loss of $4.1M, after a profit of $4.7M the previous quarter. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was −$17.6M. Non-cash charges added back $5.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $20.8M. Capital expenditures of $11.5M exceeded it, leaving free cash flow of −$29.2M.
Questions
What was Orion Group Holdings' revenue in the second quarter 2026?
Orion Group Holdings (ORN) reported revenue of $222M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +3% from the quarter before.
Was Orion Group Holdings profitable in the second quarter 2026?
Operating loss was $1.3M (-0.6% of revenue) and net loss $4.1M.