Short answer
EXPRO GROUP HOLDINGS N.V. (XPRO) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $368M (down 6.0% year over year) with net income of −$1M.
Q1 2026 key financials · XBRL
- Revenue
- $368M
- −6.0% YoY
- Net income
- −$1M
- −107.4% YoY
- Operating margin
- 0.9%
- EPS (diluted)
- −$0.01
- −108.3% YoY
Source: XBRL data from the EXPRO GROUP HOLDINGS N.V. (XPRO) Q1 2026 10-Q on SEC EDGAR. USD.
EXPRO GROUP HOLDINGS N.V. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $367.6M, down $14.6M sequentially; YoY comparison unavailable in provided text
- Net loss margin (0.3%) vs net income margin 1.5% sequentially
- Adjusted EBITDA $62.9M, margin 17.1% vs 23.1% sequentially
- APAC strongest segment sequentially; MENA, ESSA and NLA activity lower
- Operating cash flow $25.3M vs $57.1M sequentially; outlook supported by deepwater and LNG activity despite Middle East volatility
Risk Factors
- New acquisition risk: Enhanced Well Technologies purchase for NOK 2.0 billion, approximately $215 million, subject to regulatory approvals
- Most materially updated risk: Transaction completion uncertainty, including shareholder approval and potential Board decision not to proceed
- Regulatory risk: Enhanced transaction may terminate if incomplete by November 30, 2026, subject to conditions
- Operational risk: Transaction uncertainty may disrupt relationships with employees, suppliers, lenders, partners, and governments
- Financial risk: Transaction costs payable even if the transaction fails, with actual expenses potentially exceeding estimates
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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