Filing Flows › Seacor Marine Holdings (SMHI) › Q2 2026
Seacor Marine Holdings (SMHI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Seacor Marine Holdings (SMHI) reported revenue of $54.6M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +23% from the quarter before. Operating margin was 29.2%, net earnings $3.3M (6.0% of revenue).
Seacor Marine Holdings, Q2 2026: revenue $54.6M (-10% year over year), operating margin 29.2%, net earnings $3.3M, operating cash flow −$13.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.6M | +23% | -10% |
| Gross profit | $7.9M | +18% | -30% |
| Operating profit | $16.0M | — | +163% |
| Net earnings | $3.3M | — | — |
| Operating cash flow | −$13.2M | — | — |
What changed
Revenue was $54.6M in Q2 2026, down 10% year over year and up 23% from the previous quarter. Time Charter was the largest line at 91% of revenue. Time Charter lost $8.0M year over year (down 14%), 129% of the total change.
Gross margin was 14.5%, down 4.1 points from Q2 2025. Operating profit was $16.0M, a 29.2% margin (up 19.2 points year over year). Net earnings were $3.3M. The effective tax rate was 54.5%.
Operating cash flow was −$13.2M. Non-cash charges added back $10.7M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $28.3M. Capital expenditures of $6.4M exceeded it, leaving free cash flow of −$19.6M.
Questions
What was Seacor Marine Holdings' revenue in the second quarter 2026?
Seacor Marine Holdings (SMHI) reported revenue of $54.6M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +23% from the quarter before.
Was Seacor Marine Holdings profitable in the second quarter 2026?
Operating profit was $16.0M (29.2% of revenue) and net earnings $3.3M.