The 56% YoY revenue growth and positive operating cash flow inflection confirm the growth trajectory from the prior quarter's record. Monitor the May 7-8 investor conference for KOIL 2030 strategic roadmap details and any guidance on FY2026 revenue trajectory. The sequential revenue growth of 13% suggests momentum is accelerating.
Price Chart
Executive Summary
Koil Energy Solutions reported Q1 2026 revenue of $8.2M, a 56% YoY increase from $5.25M, marking a second consecutive record quarter. Net income swung to $0.24M from a ($0.03M) loss in Q1 2025, with operating income of $0.27M vs ($0.08M) a year ago. The strong top-line growth was driven by fixed-price contracts and new client contributions, though adjusted EBITDA margin compressed to 7% from 6.5%.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $8.2M, up 56% YoY from $5.25M and 13% sequentially from Q4 2025's $7.3M
- Net income of $241K vs ($29K) loss in Q1 2025; EPS $0.02 vs ($0.00)
- Gross profit $2.6M (32% margin) vs $1.7M (31% margin) a year ago
- Adjusted EBITDA of $572K (7% of revenue) vs $339K (6.5% of revenue) in Q1 2025
- Operating cash flow turned positive to $414K from ($766K) in Q1 2025
- New clients from 2025 contributed ~25% of Q1 2026 revenue, up from 10% of 2025 annual revenue
- Won multiple significant contracts including subsea distribution system for Gulf of America and offshore West Africa monitoring services
Financial Impact
Revenue growth of 56% YoY to $8.2M; net income swing of $270K positive vs prior year loss
Risk Factors
- Cash burn continues: cash declined $350K in Q1 to $1.19M, though operating cash flow turned positive
- SG&A grew 35% YoY to $2.3M, outpacing gross profit growth of 53%
- Current liabilities increased 31% sequentially to $6.75M, potentially pressuring liquidity
- OTCQB listing limits institutional investor access and liquidity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-004073 |
| Document: koil_8k.htm | 0001683168-26-004073 |
| Document: 0001683168-26-004073-index-headers.html | 0001683168-26-004073 |
| Document: 0001683168-26-004073-index.html | 0001683168-26-004073 |
| Document: 0001683168-26-004073.txt | 0001683168-26-004073 |
| 8-K Data (Synthetic) | 0001683168-26-004073 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 8w ago | 144 | $3.04 $2.90 | ▲ +4.61% | ▲ +5.26% | $2.83 (+6.91%) |
Jun 17, 2026 18w ago | 8-K | $2.73 $2.70 | ▼ −1.10% | ▼ −1.88% | $2.83 (+3.66%) |
May 22, 2026 22w ago | 8-K | $2.51 $2.56 | ▲ +1.99% | ▲ +1.98% | $2.83 (+12.75%) |
May 18, 2026 23w ago | 8-K | $2.14 $2.19 | ▲ +2.34% | ▲ +1.30% | $2.83 (+32.24%) |
Apr 1, 2026 29w ago | 8-K | $2.06 $2.11 | ▲ +2.43% | ▲ +2.35% | $2.83 (+37.38%) |
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