The revenue decline and negative cash flow contrast with the EPS beat and unchanged guidance. Watch Q2 revenue trajectory and emergency response revenue trends. The company's rebranding and segment realignment may improve cross-selling, but near-term headwinds from weather and timing persist.
Price Chart
Executive Summary
Onterris (ONT) reported Q1 2026 revenue of $168.5M, a 5.2% decline YoY and a miss vs consensus of $179.7M. Adjusted EPS of $0.12 beat the $0.08 consensus, driven by operating cost discipline. Full-year 2026 guidance was reiterated, but negative free cash flow and 2.8x leverage add caution.
Key Financial Metrics
Key Facts
- Revenue $168.5M, down 5.2% YoY (missed $179.7M consensus)
- Adj EPS $0.12 beat $0.08 consensus (50% beat)
- GAAP net loss $12.7M ($0.35 LPS) improved from $19.4M loss
- Full-year 2026 guidance reiterated: revenue $840M-$900M, Adj EBITDA $125M-$130M
- Q2 2026 revenue guided $190M-$210M, Adj EBITDA margin 16%-18%
- Negative operating cash flow -$11.6M, FCF -$17.2M due to bonus payments
- Leverage ratio 2.8x as of March 31, 2026
Financial Impact
Revenue miss of ~$11M vs consensus; Adj EPS beat of $0.04 per share
Risk Factors
- Continued revenue weakness, especially in Measurement & Analysis
- High leverage (2.8x) limits financial flexibility
- Dependence on emergency response revenue, which is volatile
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-208903 |
| Document: ont-20260506.htm | 0001193125-26-208903 |
| Document: 0001193125-26-208903-index-headers.html | 0001193125-26-208903 |
| Document: 0001193125-26-208903-index.html | 0001193125-26-208903 |
| Document: 0001193125-26-208903.txt | 0001193125-26-208903 |
| 8-K Data (Synthetic) | 0001193125-26-208903 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | — | awaiting T+60 | — | — |
May 6, 2026 24w ago | 8-K | $17.45 | awaiting T+60 | — | — |
Apr 21, 2026 26w ago | 8-K | $20.79 | awaiting T+60 | — | — |
Mar 24, 2026 30w ago | DEFA14A | $22.79 $17.19 | ▼ −24.57% | ▼ −38.03% | — |
Feb 25, 2026 34w ago | 8-K | $28.63 $15.76 | ▼ −44.95% | ▼ −52.70% | — |
US Market Status
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