Onterris (ONT) Q3 FY2026 earnings: revenue $203 million, down 9.7% on the year

Onterris, Inc. (ONT) reported revenue of $203 million for Q3 FY2026, the quarter ended 30 September 2026, down 9.7% on the same quarter a year earlier. Net income was $9 million, up 7.3% on the year, and diluted earnings per share $0.24. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$203 million

-9.7% on the year · +8.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

6.0%

4.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$9 million

+7.3% on the year · +557.8% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.24

+14.3% on the year · +500.0% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 new, 3 kept.

Revenue fell on prior-year event: Third-quarter revenue was $203.0 million, down $21.8 million from $224.9 million in the prior-year quarter.
Excluding event, revenue rose 13.1%: Excluding the prior-year single recovery event, consolidated revenue increased $23.6 million, or 13.1 percent, management said.
Adjusted EPS rose to $0.56: Adjusted net income was $21.3 million, or $0.56 diluted Adj EPS, against $14.2 million and $0.36 in the prior-year quarter.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	203	187	225	+8.8%	-9.7%
Cost of revenue	115	104	136	+9.9%	-15.8%
Gross profit	88.3	82.3	88.6	+7.3%	-0.4%
Gross margin	43.5%	44.1%	39.4%
Selling, general and administrative	63.4	63.0	65.7	+0.7%	-3.5%
Operating income	12.3	6.5	9.9	+90.3%	+23.6%
Operating margin	6.0%	3.5%	4.4%
Pre-tax income	11.3	1.7	15.7	+557.7%	-28.1%
Income tax	2.3	0.3	7.3	+556.9%	-68.8%
Effective tax rate	20.2%	20.2%	46.5%
Net income	9.0	1.4	8.4	+557.8%	+7.3%
Net margin	4.4%	0.7%	3.7%
Diluted EPS	$0.24	$0.04	$0.21	+500.0%	+14.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	40.9	6.2	28.1	+564.3%	+45.3%
Capital expenditure	0.9	5.7	5.8	-84.5%	-84.9%
Free cash flow	40.0	0.5	22.3	+7,919.0%	+79.2%
Free cash flow margin	19.7%	0.3%	9.9%
Cash from investing	-4.5	-5.6	-4.7
Cash from financing	-28.8	2.3	-28.0
Depreciation and amortisation	12.6	12.7	13.0	-0.8%	-2.8%
Share-based compensation	9.7	9.6	9.2	+1.2%	+5.6%
Buybacks	0.0	20.0	0.0
Dividends paid	0.0	0.0	1.4
Diluted shares, weighted	38m	39m	40m	-1.8%	-4.8%
Shares outstanding at period end	35m	35m	35m	+0.1%	-0.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	449	430	459	+4.4%	-2.0%
Debt	322	349	314	-7.7%	+2.8%
Operating lease liabilities	26.0	28.7	26.7	-9.4%	-2.8%
Finance lease liabilities	23.0	23.1	12.3	-0.5%	+87.2%
Other liabilities	145	136	174	+6.5%	-16.9%
Total liabilities and equity	966	967	986	-0.2%	-2.0%
Fixed assets	65.5	66.3	63.0	-1.2%	+4.0%
Goodwill	466	466	469	+0.1%	-0.6%
Intangible assets	113	114	133	-0.8%	-15.2%
Cash and equivalents	20.1	12.7	6.7	+58.0%	+198.5%
Receivables	129	133	165	-3.0%	-21.9%
Other assets	172	176	149	-2.1%	+15.6%
Total assets	966	967	986	-0.2%	-2.0%

Questions

What was Onterris' revenue in Q3 FY2026?

Onterris (ONT) reported revenue of $203 million for Q3 FY2026, the quarter ended 30 September 2026, down 9.7% on the same quarter a year earlier.

How much did Onterris earn in Q3 FY2026?

Net income for Q3 FY2026 was $9 million, up 7.3% on the year, and diluted earnings per share $0.24.

When did Onterris report Q3 FY2026 results?

Onterris filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	144	135	140	130	140	131	159	168	166	155	173	179	189	178	235	225	193	169	187	203
Cost of revenue	96.4	88.4	90.4	82.2	90.8	81.6	98.2	102	102	96.6	104	106	112	108	133	136	119	101	104	115
Gross profit	47.4	46.3	49.5	48.1	48.7	49.8	60.9	65.8	63.8	58.8	69.2	73.1	77.1	69.4	102	88.6	74.6	67.0	82.3	88.3
Gross margin	33%	34%	35%	37%	35%	38%	38%	39%	39%	38%	40%	41%	41%	39%	43%	39%	39%	40%	44%	43%
SG&A	34.8	41.8	46.5	42.9	45.2	49.6	55.2	56.9	61.1	57.1	59.2	60.9	84.4	66.2	73.7	65.7	65.2	61.3	63.0	63.4
Operating income	0.6	-7.6	-5.7	-6.3	-8.3	-10.0	-6.1	-3.4	-8.9	-10.1	-2.7	-1.2	-22.8	-10.6	14.9	9.9	-2.6	-6.1	6.5	12.3
Operating margin	0%	-6%	-4%	-5%	-6%	-8%	-4%	-2%	-5%	-6%	-2%	-1%	-12%	-6%	6%	4%	-1%	-4%	3%	6%
Pre-tax income	-0.4	-6.3	-6.9	-5.9	-10.5	-13.4	-7.0	-6.2	-5.3	-12.9	-7.6	-9.2	-24.7	-16.5	19.3	15.7	-7.3	-10.4	1.7	11.3
Tax rate	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	5%	46%	n/a	n/a	20%	20%
Net income	-1.5	-7.5	-7.8	-5.7	-10.8	-14.7	-7.2	-7.5	-1.4	-13.4	-10.2	-10.6	-28.2	-19.4	18.4	8.4	-8.2	-12.7	1.4	9.0
Net margin	-1%	-6%	-6%	-4%	-8%	-11%	-5%	-4%	-1%	-9%	-6%	-6%	-15%	-11%	8%	4%	-4%	-8%	1%	4%
Diluted EPS	-$0.16	-$0.39	-$0.40	-$0.33	-$0.50	-$0.63	-$0.38	-$0.39	-$0.18	-$0.53	-$0.39	-$0.39	-$0.90	-$0.64	$0.42	$0.21	-$0.23	-$0.35	$0.04	$0.24
Operating cash flow	23.9	-18.3	15.4	11.1	12.5	3.0	21.5	17.0	14.6	-22.0	0.9	11.4	32.0	5.5	21.9	28.1	51.9	-11.6	6.2	40.9
Capital expenditure	1.5	0.3	3.2	1.9	4.6	4.1	16.8	4.0	4.6	6.0	11.9	1.2	2.2	3.2	2.0	5.8	5.4	5.7	5.7	0.9
Free cash flow	22.4	-18.6	12.1	9.2	7.9	-1.1	4.7	12.9	9.9	-28.0	-11.1	10.2	29.7	2.4	19.9	22.3	46.5	-17.3	0.5	40.0
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	10.0	20.0	0.0
Dividends paid	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	4.1	n/a	n/a	2.8	n/a	2.8	0.0	1.4	0.0	0.0	0.0	0.0
Shares outstanding	30m	30m	30m	30m	30m	30m	30m	30m	30m	31m	34m	34m	34m	35m	35m	35m	36m	36m	35m	35m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.