Every 10-Q that Mistras (MG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MG filings page.
Mistras Group, Inc. reported higher revenue and profitability for the quarter and six months ended June 30, 2026. Revenue rose to $193.1 million in the quarter and $362.2 million year-to-date, with growth led by aerospace & defense, power generation and infrastructure-related services.
Quarterly income from operations increased to $12.9 million and net income attributable to Mistras Group reached $7.6 million, while six‑month net income improved to $10.0 million from a small loss a year earlier. Gross margin held near prior-year levels, and operating cash flow for the first half swung to an inflow of $17.7 million.
At June 30, 2026, cash and cash equivalents were $22.0 million and total debt was $172.1 million, including borrowings under a $190.0 million revolving credit facility and term loan. On August 5, 2026, the company extended the credit facility and term loan maturities by one year to July 28, 2028, with covenants and pricing largely unchanged.
Mistras Group returned to profitability in early 2026. For the three months ended March 31, 2026, revenue rose to $169.0 million from $161.6 million, driven by growth in North America and International, especially in aerospace and defense, power generation, infrastructure, and petrochemical markets.
Gross margin improved to 26.5% from 25.3%, lifting income from operations to $4.7 million versus a $1.0 million loss a year earlier. Net income attributable to Mistras was $2.4 million, or $0.08 per basic share, compared with a $3.2 million loss, or $(0.10) per share, helped by lower restructuring and environmental costs.
The company ended the quarter with $25.0 million of cash and $181.4 million of total debt, and reported compliance with its credit facility covenants. Management highlighted ongoing geopolitical and trade uncertainties but noted no material impacts so far in 2026.
Mistras Group (MG) filed its quarterly report and posted stronger Q3 results. Revenue was $195.549 million, up from $182.694 million a year ago, and net income rose to $13.203 million from $6.416 million. Diluted EPS was $0.41 versus $0.20. Operating income improved to $20.381 million from $11.858 million as gross profit expanded to $58.193 million. Interest expense declined to $3.381 million, and the effective tax rate for the quarter was approximately 22.3%.
For the nine months, revenue was $542.569 million versus $556.909 million last year, with net income of $13.161 million versus $13.793 million. Operating cash flow was $0.843 million, reflecting higher accounts receivable, while cash rose to $27.805 million and total debt increased to $202.270 million. By industry in Q3, Oil & Gas was $105.669 million, Aerospace & Defense $24.207 million, and Industrials $22.602 million. As of November 3, 2025, shares outstanding were 31,548,153.
Mistras Group, Inc. reported total revenue of $185.4 million for the quarter ended June 30, 2025, down from $189.8 million a year earlier, reflecting a 2.3% decline driven primarily by lower North America oil & gas activity and voluntary laboratory consolidations. Gross profit rose to $53.9 million from $51.3 million, lifting gross margin to 29.1% from 27.1%, while operating income fell to $8.4 million from $12.0 million. The company recorded net income of $3.1 million for the quarter; for the six months the company reported a small net loss of $42 thousand versus net income of $7.4 million in the prior year.
Total assets increased to $571.0 million and accounts receivable rose to $159.8 million, with unbilled revenue of $41.0 million at June 30, 2025. Debt outstanding totaled $189.4 million, and the company drew on its revolver during the period; management states it remains in compliance with its credit covenants and believes it can meet liquidity needs. The filing discloses an active environmental lawsuit in Arizona related to a Phoenix testing facility; remediation costs and penalties are considered probable but not yet estimable, representing a material uncertainty.