Quarterly ResultApr 29, 2026, 04:35 PM
MIR Q1 Revenue +27.5% to $257.6M; Net Loss $(3.4)M
AI Summary
Mirion Technologies, Inc. reported a significant increase in total revenues for Q1 2026, up 27.5% to $257.6 million, driven by strong product and service revenue growth. However, the company recorded a net loss of $(3.4) million, a decline from a net income of $0.3 million in Q1 2025, resulting in a basic and diluted loss per share of $(0.01). The filing also highlighted ongoing risks related to geopolitical conditions, supply chain, and integration of recent acquisitions like Certrec and Paragon Energy Solutions.
Key Highlights
- Net loss attributable to MIR was $(3.4)M in Q1 2026, down from $0.3M net income in Q1 2025.
- Total revenues increased 27.5% to $257.6M for Q1 2026, from $202.0M in Q1 2025.
- Product revenues rose 33.2% to $197.0M in Q1 2026, from $147.9M in Q1 2025.
- Service revenues increased 12.0% to $60.6M in Q1 2026, from $54.1M in Q1 2025.
- Basic and diluted loss per share was $(0.01) for Q1 2026, compared to $0.00 in Q1 2025.
- Net cash provided by operating activities decreased to $18.9M in Q1 2026 from $35.6M in Q1 2025.
- Remaining performance obligations totaled $1,120.6M as of March 31, 2026.
- Goodwill was $1,860.4M as of March 31, 2026, slightly down from $1,872.4M at Dec 31, 2025.
Price Impact
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