The financials
CECO Environmental Corp. by the numbers
CECO Environmental Corp. (CECO) reported revenue of $206M in Q1 2026 (quarter ended Mar 31, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 31% and net loss of $398K. For the full year FY2025, revenue was $774M (+39% year on year) and net income $50M. Its largest region in Jun 2026 was United States at $181M, 63% of the disclosed total, well ahead of Other at 10%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $206M | $177M | +17% |
| Gross profit | $64M | $62M | +2.8% |
| Operating income | $1.9M | $62M | −97% |
| Net income | −$398K | $36M | to a loss |
| Diluted EPS | −$0.01 | $0.98 | to a loss |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $181M | 63% |
| Other | $29M | 10% |
| Netherlands | $26M | 9.2% |
| Canada | $19M | 6.6% |
| China | $19M | 6.6% |
| United Kingdom | $12M | 4.1% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $285.0M (+38%)
Canada grew +249% year on yearUnited Kingdom -6.6% year on year
Segment Latestquarter on quarteryear on year
- United States$180.6M$180.6MQoQ +32%year on year +50%+32%+50%
- Other$28.9M$28.9MQoQ +19%year on year +60%+19%+60%
- Netherlands$26.2M$26.2MQoQ +49%year on year +66%+49%+66%
- Canada$18.8M$18.8MQoQ -year on year +249%-+249%
- China$18.8M$18.8MQoQ +29%year on year +39%+29%+39%
- United Kingdom$11.6M$11.6MQoQ -11%year on year -6.6%-11%-6.6%