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.
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