Tiderock Companies Reports First Quarter 2026 Results as Tiderock Composites Manufacturing Revenue Increases 46% Year Over Year
Rhea-AI Summary
Tiderock Companies (OTC:TDRK) reported Q1 2026 results, led by a 46% year-over-year increase in product/manufacturing revenue at Tiderock Composites to $269,407, lifting total revenue 2% to $269,407.
Gross profit was $230,344 with an 85.5% margin, net loss widened to $259,395, total assets reached $2.27 million, and Tiderock closed the Arcata Global acquisition while advancing Vivara Global’s sustainable materials commercialization.
Positive
- Product/manufacturing revenue rose 46% year over year to $269,407
- Total revenue increased 2% year over year to $269,407
- Gross margin remained high at 85.5% in Q1 2026
- Total assets grew 6% year over year to $2,271,822
- Acquisition of Arcata Global expands asset base and diversification
Negative
- Net loss widened 53% year over year to $259,395
- Gross profit declined 7% year over year to $230,344
- Gross margin decreased 8.4 percentage points to 85.5%
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company highlights continued composites momentum, Vivara Global commercialization efforts and recent Arcata Global acquisition
BOSTON, MA / ACCESS Newswire / May 21, 2026 / Tiderock Companies, Inc. (OTC:TDRK) ("Tiderock" or the "Company"), a diversified public holding company focused on advanced manufacturing, sustainable materials and adjacent growth sectors, today reported financial results for the first quarter ended March 31, 2026.
The quarter was highlighted by a
First Quarter 2026 Financial Highlights
Product / Manufacturing Revenue: Product and manufacturing revenue increased
Gross Profit and Margin: Gross profit was
Total Assets: Total consolidated assets were
Net Loss: Net loss was
Tiderock Composites: Manufacturing Revenue Momentum
Tiderock Composites Ltd., headquartered in Coningsby, Lincolnshire, United Kingdom, operates approximately 24,000 square feet of purpose-built manufacturing space specializing in GRP (glass reinforced polymer) and carbon fiber composite moldings for defense, aerospace, industrial and commercial customers.
Manufacturing revenue grew
Management believes the composites business remains in a growth phase, with meaningful capacity utilization headroom at its Coningsby facility. The Company is actively pursuing additional commercial and defense programs that align with the site's GRP and carbon fiber molding capabilities and anticipates continued top-line expansion through the balance of 2026.
Vivara Global: Advancing Sustainable Materials Across High-Growth Sectors
Vivara Global, Inc. is a Tiderock-affiliated entity focused on the development and commercialization of environmentally responsible materials across four converging end markets: advanced textiles, food service packaging, footwear components and biodegradable consumer products. Vivara is developing material formulations and supply chain relationships designed to serve customers seeking to meet sustainability mandates and circular economy commitments.
Revenue generation remains a near-term priority for Vivara Global. The Company is in active discussions with prospective distribution partners and brand customers across the North American food service packaging and textile sectors, where regulatory pressure and ESG-driven procurement are accelerating interest in sustainable alternatives. Vivara is targeting an initial food service packaging market entry focused on compostable and bio-based hinged container solutions, leveraging supply relationships and formulation expertise developed in conjunction with Tiderock's NextGen Bioplastics subsidiary.
The Company's strategy for Vivara combines material technology, distribution channel development, and strategic partnerships with research institutions and public-private programs. Management expects Vivara to move from development-stage activity toward initial commercial revenue opportunities in the coming quarters as distribution agreements and customer qualifications are finalized.
Recent Arcata Global Acquisition: Expanding the Asset Base
Tiderock also recently announced the acquisition of Arcata Global, a strategic transaction designed to expand the Company's asset base, diversify revenue exposure and enhance long-term shareholder value. Arcata Global brings complementary operational capabilities and asset-level contributions that align with Tiderock's objective of building a diversified holding company with multiple self-sustaining business units.
The acquisition is consistent with Tiderock's disciplined approach to capital deployment, which emphasizes transactions that can add tangible assets, operating cash flow potential or strategic positioning to the consolidated enterprise. Management views Arcata Global as an important platform addition that strengthens the Company's footprint across its target sectors and supports the long-term objective of growing consolidated assets and earnings power.
William Waldrop, Chief Executive Officer and Chief Financial Officer of Tiderock Companies, commented, "The addition of Arcata Global reflects the type of strategic transaction we are focused on at the holding company level. We are building a portfolio of operating businesses with real assets, real revenue potential and clear growth trajectories. Arcata expands our asset base and gives us additional avenues for long-term value creation on behalf of shareholders."
Management Commentary
Mr. Waldrop added, "Q1 2026 reflects the strategic repositioning underway at Tiderock. Tiderock Composites is executing, with manufacturing revenue up
Selected Financial Data
Three Months Ended March 31, 2026 vs. March 31, 2025 (Unaudited)
Metric | Q1 2026 | Q1 2025 | Change |
Product / Manufacturing Revenue | + | ||
Total Revenue | + | ||
Gross Profit | - | ||
Gross Margin Percentage | -8.4 percentage points | ||
Net Loss | Loss widened | ||
Total Assets (period end) | + |
About Tiderock Companies, Inc.
Tiderock Companies, Inc. (OTC:TDRK) is a diversified public holding company focused on acquiring and developing operating businesses in advanced manufacturing, sustainable materials and adjacent sectors. The Company's subsidiaries and affiliated entities include Tiderock Composites Ltd. (Coningsby, U.K.), NextGen Bioplastics, Inc. (Sunbury, PA), Vivara Global, Inc., and Arcata Global. For more information, visit www.tiderockcompanies.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding future revenue growth, margin profile, production activity, customer demand, distribution relationships, commercial revenue opportunities, strategic transactions, asset growth, business plans and long-term shareholder value creation. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks include, but are not limited to, the Company's ability to secure adequate financing, execute strategic transactions, integrate acquired businesses, obtain regulatory approvals, achieve market acceptance of its products and services, and the ability of its subsidiaries and affiliated entities to execute their respective business plans. Tiderock Companies, Inc. disclaims any obligation to update forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.
Investor Relations Contact
Tiderock Companies, Inc.
William Waldrop, CEO & CFO
OTC: TDRK
ir@tiderockcompanies.com
SOURCE: Tiderock Companies, Inc.
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