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Mirion Technologies (MIR) 10-Q Filings

MIR NYSE

Here are the 10-Q quarterly reports from Mirion Technologies, Inc. (MIR) in our archive since June 2025, 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 MIR 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 MIR filings page.

Rhea-AI Summary

Mirion Technologies, Inc. (MIR) reported third-quarter 2026 revenue of $277.8 million, compared with $223.1 million a year earlier. Product revenue was $213.5 million versus $166.1 million, and service revenue was $64.3 million versus $57.0 million. Income from operations was $17.2 million, versus $7.4 million; net income attributable to Mirion was $7.4 million, compared with $2.9 million. Diluted earnings per share were $0.03, versus $0.01.

For the nine months ended September 30, 2026, operating cash flow was $136.6 million, compared with $70.3 million. At September 30, cash and cash equivalents were $408.7 million. Balance-sheet debt included $444.0 million of non-current debt, excluding convertible debt, and $757.6 million of convertible debt; the term loan had $450.0 million of principal outstanding. Mirion reported compliance with all debt covenants as of September 30, 2026. It repurchased $96.8 million of treasury stock over the nine-month period.

Rhea-AI Summary

Mirion Technologies reported Q2 2026 revenue of $266.8 million, up from $222.9 million a year earlier, driven by higher product and service sales. Gross profit rose to $133.1 million, with income from operations increasing to $17.9 million from $9.9 million.

Net income attributable to Mirion was $7.7 million for the quarter (diluted EPS $0.03), compared with $8.3 million (EPS $0.03) in Q2 2025. For the first half, revenue was $524.4 million and net income attributable was $4.3 million, lower than $8.6 million a year earlier, partly reflecting higher amortization and foreign currency losses.

As of June 30, 2026, Mirion held $418.7 million in cash and cash equivalents and generated $77.4 million of operating cash flow in the first half. Total debt under its credit facility was $451.6 million, with additional $775.0 million of convertible senior notes outstanding. Remaining performance obligations totaled $1,138.6 million, with a significant portion expected to convert to revenue by 2029.

Rhea-AI Summary

Mirion Technologies, Inc. reports Q1 2026 results with total revenues of $257.6 million, up from $202.0 million a year earlier, driven by higher product and service sales. Product revenue reached $197.0 million and service revenue $60.6 million.

The company posted a modest net loss attributable to Mirion of $3.4 million, or $(0.01) per share, compared with net income of $0.3 million in Q1 2025, as higher gross profit was more than offset by increased operating expenses, foreign currency losses and interest costs.

Mirion ended the quarter with $397.9 million in cash and cash equivalents and total debt of $451.6 million plus $775.0 million of convertible notes. Goodwill and intangible assets totaled over $2.4 billion, largely reflecting recent acquisitions such as Paragon and Certrec, while remaining performance obligations were about $1.1 billion, providing multi‑year revenue visibility.

Rhea-AI Summary

Mirion Technologies (MIR) reported Q3 2025 results. Revenue was $223.1 million, up from $206.8 million a year ago, driven by higher product ($166.1 million) and service ($57.0 million) sales. Net income was $2.9 million versus a prior-year loss, with diluted EPS of $0.01. Gross profit reached $104.5 million as operating expenses held near flat.

The balance sheet strengthened significantly: cash and cash equivalents were $933.2 million (from $175.2 million at year-end), reflecting financing actions and a direct registered equity offering. The company issued $400.0 million of 0.25% Convertible Senior Notes due 2030 and $375.0 million of 0.00% Convertible Senior Notes due 2031, repaid $244.6 million of term loan principal, and raised $409.6 million net via issuing 19,906,322 Class A shares. Convertible debt stood at $753.6 million.

Mirion acquired Certrec on July 31, 2025 for approximately $82.2 million gross consideration to expand its Nuclear & Safety digital portfolio. Remaining performance obligations were approximately $808.0 million as of September 30, 2025. Class A shares outstanding were 244,370,206 at quarter end.