Quarterly ResultMay 7, 2026, 04:08 PM
Onterris (formerly Montrose) Q1 Net Loss Narrows to $(12.69)M
AI Summary
Onterris, formerly Montrose Environmental Group, Inc., reported a narrowed net loss of $(12.69) million for Q1 2026, an improvement from $(19.36) million in Q1 2025. However, revenues declined to $168.52 million from $177.83 million year-over-year, and net cash used in operating activities turned negative at $(11.64) million. The company also announced a segment realignment and repurchased $9.999 million in common stock.
Key Highlights
- Company changed its name to Onterris, Inc. from Montrose Environmental Group, Inc. on April 17, 2026.
- Q1 2026 net loss narrowed to $(12.69) million from $(19.36) million in Q1 2025.
- Q1 2026 revenues decreased to $168.52 million from $177.83 million in Q1 2025.
- Basic net loss per share improved to $(0.35) from $(0.64) year-over-year.
- Net cash used in operating activities was $(11.64) million, compared to $5.50 million provided in Q1 2025.
- Long-term debt increased to $310.14 million as of March 31, 2026, from $277.07 million.
- Realigned reportable segments, combining Assessment, Permitting and Response, and Remediation and Reuse into Consulting and Treatment.
- Repurchased $9.999 million of common stock during Q1 2026.
Price Impact
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