10-K · February 19, 2026
Expro reported FY2025 revenue of $1,607,095 (in thousands), down from $1,712,802 in 2024, with a noticeable regional shift toward MENA (22.6% of revenue). Safety metrics improved (LTIF 0.00; TRCF 0.37) and free cash…
Earnings analysis · 10-Q
XPRO earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Expro Group Holdings N.V. reported strong growth in Q1 2026, with revenues of $368 million, slightly exceeding the consensus estimate of $362 million. The company achieved an EPS of $0.09, significantly higher than the…
Read full summary
Expro Group Holdings N.V. reported strong growth in Q1 2026, with revenues of $368 million, slightly exceeding the consensus estimate of $362 million. The company achieved an EPS of $0.09, significantly higher than the estimated $0.03. While certain segments faced declines, notably MENA and NLA, APAC grew, benefiting from increased activity.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.09
What stood out
-
Revenue Beat Expectations
Actual Q1 2026 revenue was $368 million, higher than the estimated $362 million.
-
Positive EPS Surprise
The reported EPS of $0.09 surpassed the estimate of $0.03, reflecting a positive surprise of 2%.
-
Segment Growth in APAC
APAC segment revenue increased by 3% year-over-year to $43.8 million, supported by higher subsea well access activity.
-
Cost Reduction in A&d Expenses
Depreciation and amortization expenses fell by $8.4 million, enhancing overall margins.
-
Healthy Cash Flow
Operating cash flow for the quarter was $25.3 million, down from $41.5 million a year ago.
-
Liquidity Position Stabilized
Available liquidity stood at $517.3 million as of March 31, 2026.
What to watch
-
Weakness in MENA Segment
MENA revenue dropped 12.2% quarter-over-quarter to $81.7 million, impacted by lower activity due to geopolitical conflicts.
-
Operating Income Decline
Net loss for Q1 2026 was $1 million, compared to a net income of $5.8 million in Q4 2025, signaling operational challenges.
-
Increased Cash Used in Financing Activities
Cash used in financing activities rose to $25.4 million in Q1 2026 from $15.1 million year-over-year, signaling higher share repurchases.
Management's outlook
Reaffirmed 2026 full-year guidance projecting revenues of $1.6 to $1.65 billion.
Earlier filings 4
10-Q · July 29, 2025
Q2 results show weaker top-line but stronger profitability and cash generation. Revenue declined to $422.74M (Q2 2024: $469.64M), but gross margin expanded to ~24.3% and operating income rose to $32.6M, driving net…
10-Q · July 25, 2024
Expro reported strong top-line growth in Q2 with revenue of $469,642,000, up $72.7M (+18.3% YoY) and up $86.2M (+22.5% QoQ). Margins and profitability improved (gross margin 22.0%, operating margin 5.9%) and diluted EPS…
10-K · February 21, 2024
Expro (XPRO) reported full-year 2023 revenue of $1,512,764,000 (from $1,279,418,000 in 2022), driven by growth in Europe & Sub‑Saharan Africa and stable North & Latin America activity. The company emphasizes a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.