| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 168.52 | 5.2% |
| Total Income | 168.52 | 5.2% |
| Expenditure | 174.58 | 7.3% |
| PBT | -10.39 | 37.0% |
| Net Profit | -12.69 | 34.5% |
| OPM | -3.60% | 2.35pp |
| NPM | -7.53% | 3.36pp |
| EPS | -0.35 | 45.3% |
Onterris Reports Q1 2026 Results, Revenue $168.5M
07 May 2026 · 7 May, 1:39 am
Summary
Onterris, Inc. announced its first quarter 2026 results, with revenue at $168.5 million, a decrease of $9.3 million compared to the prior-year quarter. Net loss improved to $12.7 million, or $0.35 loss per share. The company reiterated its full-year 2026 guidance, with Consolidated Adjusted EBITDA expected to grow by approximately 10% and revenue expected to grow by approximately 8%. Second quarter 2026 revenue is projected to be between $190 million and $210 million. The company also announced its rebranding from Montrose Environmental Group, Inc. to Onterris, Inc.
Key Highlights
- 1
Onterris reported first quarter revenue of $168.5 million, a decrease of $9.3 million compared to the prior-year quarter.
- 2
The company's net loss improved to $12.7 million, or $0.35 loss per share, compared to a net loss of $19.4 million, or $0.64 loss per share, in the prior-year quarter.
- 3
Adjusted Net Income was $4.6 million, or $0.12 per share, compared to $5.8 million, or $0.07 per share, in the prior-year quarter.
- 4
Consolidated Adjusted EBITDA was $17.8 million, representing 10.6% of revenue, compared to $19.0 million, or 10.7% of revenue, in the prior-year quarter.
- 5
The company's 2026 Consolidated Adjusted EBITDA guidance range is unchanged at $125.0 million to $130.0 million, representing approximately 10% growth at the midpoint compared to full-year 2025.
- 6
The 2026 revenue guidance range is unchanged at $840.0 million to $900.0 million, representing approximately 8% organic growth at the midpoint compared to full-year 2025.
- 7
Second quarter 2026 revenue is expected in the range of $190 million to $210 million.
Management Comments
Vijay Manthripragada
We delivered first quarter Adjusted EBITDA and margin consistent with our expectations, despite lower revenue, reflecting continued operating efficiency gains. First quarter revenue was impacted by timing-related factors, most notably unseasonably severe winter weather in North America that limited field activity and delayed lab volumes, as well as lower environmental emergency response activity. We view both dynamics as transitory, with underlying demand remaining strong and continuing to grow across our core services. Our full year outlook is unchanged, with performance expected to build through the year. This confidence is supported by recent awards, visibility into our project pipeline and continued operational discipline. We are also excited about the launch of our Onterris brand, which aligns our capabilities under a single platform. This strategic evolution enhances how we serve our clients, strengthens cross-selling, and accelerates long-term growth, while reinforcing our commitment to clients seeking the next generation of environmental solutions.
Informational and educational content only. Not investment advice.