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Coda Octopus Group vs Applied Energetics: CODA and AERG compared
Coda Octopus Group is the larger company: $7.7M of revenue in its latest quarter (Q3 FY26) against $62K for Applied Energetics (Q2 2026). Coda Octopus Group is growing faster (+9% against -12% a year earlier).
Where the money goes: CODA and AERG
Coda Octopus Group (CODA) · Q3 FY26
Coda Octopus Group, Q3 FY26: revenue $7.7M (+9% year over year), operating margin 19.9%, net earnings $1.4M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
Applied Energetics (AERG) · Q2 2026
Applied Energetics, Q2 2026: revenue $62K (-12% year over year), net loss $4.3M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Coda Octopus Group (CODA) | Applied Energetics (AERG) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $7.7M | $62K |
| Revenue growth, Y/Y | +9% | -12% |
| Gross margin | 65.4% | — |
| Operating margin | 19.9% | n/m |
| Net earnings | $1.4M | −$4.3M |
| Net margin | 18.0% | — |
| Operating cash flow | $1.4M | −$2.8M |
| Free cash flow | $1.2M | — |
Where the revenue comes from
Coda Octopus Group
- Equipment Sales: $3.8M (49%)
- Engineering Parts: $2.6M (33%)
- Equipment Rentals: $704K (9%)
- Service: $587K (8%)
Questions
Which is bigger, Coda Octopus Group or Applied Energetics?
Coda Octopus Group is the larger company: $7.7M of revenue in its latest quarter (Q3 FY26) against $62K for Applied Energetics (Q2 2026).
Is Coda Octopus Group or Applied Energetics growing faster?
Coda Octopus Group is growing faster (+9% against -12% a year earlier).
More: Coda Octopus Group earnings · how Coda Octopus Group makes money · Applied Energetics earnings · how Applied Energetics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 14, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.