The financials
Helix Energy Solutions Group, Inc. by the numbers
Helix Energy Solutions Group, Inc. (HLX) reported revenue of $288M in Q1 2026 (quarter ended March 31, 2026), up 3.6% from the same quarter a year earlier. That came with a gross margin of 3.1% and net loss of $13M. For the full year FY2025, revenue was $1.29B (−4.9% year on year) and net income $31M. Its largest segment in 2026-Q2 was Reportable Segment Aggregation Before Other Operating at $304M, 94% of the disclosed total, just ahead of Robotics at 6.1%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $288M | $278M | +3.6% |
| Gross profit | $8.8M | $28M | −68% |
| Operating income | −$13M | $8.2M | to a loss |
| Net income | −$13M | $3.1M | to a loss |
| Diluted EPS | −$0.09 | $0.02 | to a loss |
| Operating | Revenue | Share |
|---|---|---|
| Reportable Segment Aggregation Before Other Operating | $304M | 94% |
| Robotics | $20M | 6.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $323.8M (+8.3%)
Reportable Segment Aggregation Before Other Operating grew +21% year on yearRobotics -33% year on year
Segment Latestquarter on quarteryear on year
- Reportable Segment Aggregation Before Other Operating$304.0M$304.0MQoQ +5.6%year on year +21%+5.6%+21%
- Robotics$19.8M$19.8MQoQ +111%year on year -33%+111%-33%
- Shallow Water Abandonment--QoQ -year on year ---
Oil & Gas Equipment & Services
Ranks #26 of 27 by Smart Score