Filing Flows › Seacor Marine Holdings (SMHI) › Q3 2026
Seacor Marine Holdings (SMHI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Seacor Marine Holdings (SMHI) reported revenue of $57.3M for the third quarter 2026 (Q3 2026), -3% from a year earlier and +5% from the quarter before. Operating margin was -2.4%, net loss $9.5M (16.5% of revenue).
Seacor Marine Holdings, Q3 2026: revenue $57.3M (-3% year over year), operating margin -2.4%, net loss $9.5M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.3M | +5% | -3% |
| Operating profit | −$1.4M | -109% | -108% |
| Net earnings | −$9.5M | -387% | -205% |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $57.3M in Q3 2026, down 3% year over year and up 5% from the previous quarter. Time Charter was the largest line at 91% of revenue. Time Charter lost $3.8M year over year (down 7%), 195% of the total change.
Gross margin was 33.1%, up 13.6 points from Q3 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -2.4%. The quarter ended with a net loss of $9.5M, after a profit of $3.3M the previous quarter. Net interest and other expense of $7.0M was the main reason.
Operating cash flow was −$3.1M. Non-cash charges added back $10.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $4.8M. Capital expenditures of $7.1M exceeded it, leaving free cash flow of −$10.2M.
Questions
What was Seacor Marine Holdings' revenue in the third quarter 2026?
Seacor Marine Holdings (SMHI) reported revenue of $57.3M for the third quarter 2026 (Q3 2026), -3% from a year earlier and +5% from the quarter before.
Was Seacor Marine Holdings profitable in the third quarter 2026?
Operating loss was $1.4M (-2.4% of revenue) and net loss $9.5M.