SRI earnings analysis
What we found in SRI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Stoneridge, Inc. reported Q1 2026 results with revenues of $160.8 million, up 7.9% compared to the same quarter last year, driven largely by international sales and contributions from the Mexico Manufacturing Agreement. However, the company experienced an operating loss of $9.0 million and a net loss of $27.9 million, marking a significant increase in losses year-over-year, primarily due to rising material costs and SG&A expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat Estimates
- Actual revenue of $160.8 million exceeded estimates of $139.5 million, marking a 7.9% increase from Q1 2025's revenue of $149.1 million.
- Electronics Segment Growth
- The Electronics segment saw a 7.5% revenue growth to $144.8 million compared to $134.8 million in Q1 2025.
- Stoneridge Brazil Positive Trend
- Stoneridge Brazil reported a 12.1% increase in net sales to $16.0 million compared to Q1 2025.
- Cash Position Improved
- Cash and cash equivalents increased to $70.5 million from $53.1 million at the end of 2025.
- Decreased Capital Expenditures
- Net cash provided by investing activities rose significantly due to proceeds from the sale of Control Devices, totaling $58.4 million.
- SG&A Expense Increase
- SG&A expenses rose by $6.7 million year-over-year to $32.5 million, primarily due to higher share-based compensation.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Operating Loss
- Operating loss increased 108.5% year-over-year to $9.0 million, up from $4.3 million in Q1 2025.
- Net Loss Worsening
- Net loss from continuing operations grew to $14.8 million, compared to a loss of $8.0 million in the prior year.
- Material Cost Pressures
- Gross margin decreased to 21.7% from 23.6% in Q1 2025, attributed to higher direct material costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.75
- Gross margin
- 21.7%
- Segment
- Electronics: $144.8M
- Segment
- Stoneridge Brazil: $16.0M
What they said about what is next.
Management anticipates continued revenue growth driven by strategic investments in technology and improved operational efficiencies.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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