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Expro (XPRO) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 28, 2026

Expro (XPRO) reported revenue of $393M for the second quarter 2026 (Q2 2026), -7% from a year earlier. Operating margin was 2.6%, net earnings $2.0M (0.5% of revenue).

Revenue$393M
Year over year-7%
Quarter over quarter—
Operating margin2.6%
Net earnings$2.0M

Expro, Q2 2026: revenue $393M (-7% year over year), operating margin 2.6%, net earnings $2.0M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$393M—-7%
Operating profit$10.4M—-68%
Net earnings$2.0M—-89%

What changed

Revenue was $393.2M in Q2 2026, down 7% year over year. NLA was the largest line at 33% of revenue. NLA lost $13.3M year over year (down 9%), 45% of the total change.

Operating profit was $10.4M, a 2.6% margin (down 5.1 points year over year). Total costs fell 2% while revenue fell 7%. The fastest-growing cost line was General & admin (+36%). Net earnings were $2.0M, down 89% year over year. The effective tax rate was 80.1%.

Questions

What was Expro's revenue in the second quarter 2026?

Expro (XPRO) reported revenue of $393M for the second quarter 2026 (Q2 2026), -7% from a year earlier.

Was Expro profitable in the second quarter 2026?

Operating profit was $10.4M (2.6% of revenue) and net earnings $2.0M.

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Source: Expro 10-Q on SEC EDGAR.