Filing Flows › Bristow Group (VTOL) › Q1 2026
Bristow Group (VTOL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Bristow Group (VTOL) reported revenue of $389M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +3% from the quarter before. Operating margin was 8.9%, net earnings $13.1M (3.4% of revenue).
Bristow Group, Q1 2026: revenue $389M (+11% year over year), operating margin 8.9%, net earnings $13.1M, operating cash flow −$8.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $389M | +3% | +11% |
| Operating profit | $34.7M | +8% | +3% |
| Net earnings | $13.1M | -30% | -52% |
| Operating cash flow | −$8.2M | -111% | — |
What changed
Revenue was $388.7M in Q1 2026, up 11% year over year and up 3% from the previous quarter. Offshore Energy Services was the largest line at 65% of revenue. Government Services added $21.9M year over year (up 26%), 57% of the total change.
Operating profit was $34.7M, a 8.9% margin (down 0.7 points year over year). Of the extra revenue versus Q1 2025, 3% reached operating profit, below the 10% margin then. Total costs grew 12% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $13.1M, down 52% year over year. The effective tax rate was 21.2%.
Operating cash flow was −$8.2M. Non-cash charges added back $25.8M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $51.1M. Capital expenditures of $41.3M exceeded it, leaving free cash flow of −$49.6M.
Questions
What was Bristow Group's revenue in the first quarter 2026?
Bristow Group (VTOL) reported revenue of $389M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +3% from the quarter before.
Was Bristow Group profitable in the first quarter 2026?
Operating profit was $34.7M (8.9% of revenue) and net earnings $13.1M.
Source: Bristow Group 10-Q on SEC EDGAR.