The financials
CECO Environmental Corp. by the numbers
CECO Environmental Corp. (CECO) reported revenue of $206M in Q1 2026 (quarter ended March 31, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 31% and net loss of $398K. For the full year FY2025, revenue was $774M (+39% year on year) and net income $50M. Its largest region in 2026-Q1 was US at $137M, 66% of the disclosed total, just ahead of Other at 12%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $206M | $177M | +17% |
| Gross profit | $64M | $62M | +2.8% |
| Operating income | $1.9M | $62M | −97% |
| Net income | −$398K | $36M | to a loss |
| Diluted EPS | −$0.01 | $0.98 | to a loss |
| Geographic | Revenue | Share |
|---|---|---|
| US | $137M | 66% |
| Other | $24M | 12% |
| NL | $18M | 8.5% |
| CN | $15M | 7.1% |
| GB | $13M | 6.3% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $205.9M (+4.2%)
NL grew +56% year on yearGB -33% year on year
Segment Latestquarter on quarteryear on year
- US$136.5M$136.5MQoQ -0.42%year on year +22%-0.42%+22%
- Other$24.2M$24.2MQoQ +11%year on year +27%+11%+27%
- NL$17.6M$17.6MQoQ -1.2%year on year +56%-1.2%+56%
- CN$14.6M$14.6MQoQ +62%year on year -1.6%+62%-1.6%
- GB$13.0M$13.0MQoQ +10%year on year -33%+10%-33%