Onterris | 8-K: FY2026 Q3 Revenue: USD 203.04 M

Revenue: As of FY2026 Q3, the actual value is USD 203.04 M, compared to the market estimate of USD 196.99 M.

EPS: As of FY2026 Q3, the actual value is USD 0.24, compared to the market estimate of USD 0.075.

EBIT: As of FY2026 Q3, the actual value is USD 16.82 M.

Total revenue for Onterris, Inc. was $203.0 million for the third quarter of 2026, compared to $224.9 million in the prior-year period, reflecting lower recovery services revenue from a large-scale environmental emergency response in the prior year period.
Excluding a single large environmental event that generated $45.4 million in the prior-year quarter, consolidated revenue increased approximately $23.6 million, or 13.1%.
Net Service Revenue (NSR) increased to $162.5 million in the third quarter of 2026, compared with $160.5 million in the prior-year quarter.
Emergency response revenue was $17.0 million in the current quarter and $11.5 million in the prior-year quarter.

Net income increased to $9.0 million in the third quarter of 2026, compared with $8.4 million in the prior-year quarter.
Adjusted Net Income increased to $21.3 million in the third quarter of 2026, compared with $14.2 million in the prior-year quarter.

Income from operations for the third quarter of 2026 was $12.3 million, compared to $9.9 million in the prior-year quarter.

Cost of revenues (exclusive of depreciation and amortization) was $114.777 million for the three months ended September 30, 2026, down from $136.284 million for the same period in 2025.
Selling, general and administrative expense was $63.386 million for the three months ended September 30, 2026, compared to $65.696 million for the same period in 2025.
Depreciation and amortization was $12.599 million for the three months ended September 30, 2026, compared to $12.958 million for the same period in 2025.

Consolidated Adjusted EBITDA was a record $35.9 million for the third quarter of 2026, up from $33.7 million in the prior-year quarter.
Consolidated Adjusted EBITDA as a percentage of revenue was a record 17.7% for the third quarter of 2026, increased from 15.0% in the prior-year quarter.

Third-quarter operating cash flow increased 46% to $40.9 million from $28.1 million in the prior-year quarter.
Net cash provided by operating activities for the nine months ended September 30, 2026, was $35.4 million, compared with $55.5 million in the prior-year period.
Net cash used in investing activities was - $15.606 million for the nine months ended September 30, 2026, compared to - $12.604 million for the prior-year period.
Net cash used in financing activities was - $10.580 million for the nine months ended September 30, 2026, compared to - $49.242 million for the prior-year period.

As of September 30, 2026, Onterris, Inc. reported a leverage ratio under the 2025 Credit Facility of 2.9x, compared with 3.2x at June 30, 2026.
Total available liquidity was $192.0 million, including $20.1 million of cash and $171.9 million of availability on its revolving line of credit.
Cash, cash equivalents and restricted cash as of September 30, 2026, was $20.109 million, compared to $11.223 million as of December 31, 2025.
Total assets were $965.672 million as of September 30, 2026, compared to $981.296 million as of December 31, 2025.
Total liabilities were $516.216 million as of September 30, 2026, compared to $530.121 million as of December 31, 2025.

Consulting and Treatment Segment: Revenues were $141.984 million in 2026 compared to $161.930 million in 2025. Segment Adjusted EBITDA was $30.837 million in 2026 compared to $29.848 million in 2025.
Measurement and Analysis Segment: Revenues were $61.060 million in 2026 compared to $62.958 million in 2025. Segment Adjusted EBITDA was $15.961 million in 2026 compared to $17.283 million in 2025.
Total Reportable Segments: Revenues were $203.044 million in 2026 compared to $224.888 million in 2025. Total Reportable Segments Adjusted EBITDA was $46.798 million in 2026 compared to $47.131 million in 2025.

Consulting and Treatment Segment: Revenues were $382.168 million in 2026 compared to $452.482 million in 2025. Segment Adjusted EBITDA was $78.855 million in 2026 compared to $83.932 million in 2025.
Measurement and Analysis Segment: Revenues were $176.055 million in 2026 compared to $184.783 million in 2025. Segment Adjusted EBITDA was $41.875 million in 2026 compared to $49.354 million in 2025.
Total Reportable Segments: Revenues were $558.223 million in 2026 compared to $637.265 million in 2025. Total Reportable Segments Adjusted EBITDA was $120.730 million in 2026 compared to $133.286 million in 2025.

Onterris, Inc. completed three small tuck-in and highly accretive acquisitions, expanding its geographic footprint and supporting its strategy of disciplined investment in integrated environmental solutions and technology-driven growth.

Onterris, Inc. is focused on strong margin expansion, with reiterated guidance midpoints representing at least 150 basis points of margin expansion compared to 2025.
The company expects to convert 60.0% of full-year Consolidated Adjusted EBITDA into operating cash flow and projects $30.0 million to $40.0 million in operating cash flow for the fourth quarter of 2026.
Onterris, Inc. also anticipates a year-end 2026 leverage ratio of approximately 2.5x, consistent with the prior year, including impacts from recent acquisitions, share repurchases, and contingent consideration payments.