EagleRock Q2 FY26 net loss widens to $(37.5) million; revenue rises to $41.5 million
EROK•Second-quarter results
EagleRock posted second-quarter revenue of USD 41.5 million, swinging to a GAAP net loss of USD 37.5 million.
Acquisition and outlook
EagleRock acquired Intrepid Ranch for USD 78.2 million; its 2026 non-GAAP normalized EBITDA outlook is USD 129 million to USD 133 million.
Normalized profitability and cash flow
Non-GAAP normalized revenue rose 32.3% from the first quarter to USD 46.8 million; normalized adjusted EBITDA climbed 31.7% to USD 36.2 million.
Non-GAAP normalized adjusted EBITDA margin eased 0.4 percentage points from the first quarter to 77.5%.
Free cash flow improved to USD 22.2 million from USD 4.4 million in the first quarter; liquidity totaled USD 261.8 million.
