Elevate Service Group Q2 FY26 operating loss widens to $0.9 million; revenue more than doubles to $20.5 million vs Q1 FY26
Reuters2026/08/31 22:11- Elevate posted Q2-2026 revenue of $20.5 million, up 170% from Q1-2026, reflecting partial contributions from three acquisitions.
- Gross profit rose to $6.9 million, producing a 33.8% gross margin.
- Operating loss widened to $0.9 million, mainly on non-cash share-based compensation, amortization, transaction costs, professional fees.
- Adjusted EBITDA totaled $1.9 million, equating to a 9.3% margin.
- Pro forma revenue was $24.6 million; management cited a “milestone quarter” as acquisitions expanded capabilities, reach, field-service infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Robinhood Chain hits record $989 million in daily DEX volume as TVL grows
After 30 years, Japan’s 10-year government bond yield returns to 3%, breaking the major shackles of the “zero interest rate era”
Japan’s 10-year government bond yield briefly rose to 3% on Tuesday, marking the first time this has occurred in the 21st century. This milestone signals an important step in the normalization process for the country's bond market, after years of benchmark borrowing costs hovering around zero.
Cerebras (CBRS.US) builds a new 165-megawatt AI data center in Finland, accelerating its computing power expansion in Europe
Cerebras Systems announced on Tuesday the establishment of a new AI data center in Mikkeli, Finland.
Crypto prices
More
