Onterris Q2 FY26 net income drops to $1.4 million; revenue falls 20.4% to $186.7 million
ONT•Q2 results and margin commentary
Onterris posted Q2 2026 revenue of $186.7 million, down 20.42% year over year, while net income fell to $1.4 million.
Diluted EPS was $0.04; consolidated adjusted EBITDA, a non-GAAP metric, declined to $31.9 million from $39.6 million.
Management cited historically low environmental emergency response activity, while pointing to underlying growth and cost optimization driving margin expansion versus 2025.
Full-year outlook and strategic review
The company updated its full-year 2026 revenue outlook to $740 million-$790 million and cut consolidated adjusted EBITDA guidance to $117 million-$120 million.
The board launched a strategic review of the business and alternatives, while adopting a one-year limited-duration stockholder rights plan expiring Aug. 4, 2027.
