Every 10-Q that Matrix Service Co (MTRX) 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 MTRX 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 MTRX filings page.
Matrix Service Company returned to profitability in the quarter ended March 31, 2026, posting net income of $0.8 million versus a loss of $3.4 million a year earlier on revenue of $206.7 million, up 3%.
Gross margin improved to 8.3% from 6.4% as Storage and Terminal Solutions and Utility and Power Infrastructure delivered stronger project execution, partly offset by weaker Process and Industrial Facilities results. For the nine months, revenue rose to $629.1 million and the net loss narrowed to $3.7 million from $18.2 million.
The company recorded $3.0 million in quarterly restructuring and other costs, including CEO transition expenses and lease impairments, and $6.5 million year-to-date. Liquidity was strong, with $233.0 million in unrestricted cash and $64.2 million of undrawn availability under its ABL facility, for total liquidity of $297.2 million. Backlog stood at $1.03 billion, and remaining performance obligations were $932.9 million, supporting future revenue visibility.
Matrix Service Company reported higher sales but remained slightly unprofitable for the quarter ended December 31, 2025. Quarterly revenue rose to $210.5 million from $187.2 million, while net loss narrowed sharply to $0.9 million, or $(0.03) per share, from $5.5 million, or $(0.20).
For the first six months, revenue grew to $422.4 million from $352.7 million, and net loss improved to $4.6 million from $14.8 million, helped by a 12% reduction in selling, general and administrative costs. Gross margin improved to 6.5%, although a $3.6 million specialty tank warranty and commercial charge weighed on Storage and Terminal Solutions.
Backlog remained strong at $1.13 billion, with particularly solid awards in Storage and Terminal Solutions and Utility and Power Infrastructure. Liquidity was robust, with $199.0 million of cash and $58.6 million of availability under the asset-based credit facility, supporting ongoing restructuring and project execution.
Matrix Service Company (MTRX) reported higher activity in Q1 fiscal 2026, with revenue of $211.9 million, up 28% year over year. Gross profit rose to $14.2 million and gross margin improved to 6.7%. The company recorded a net loss of $3.7 million (loss per share $0.13), reflecting $3.3 million of restructuring costs tied to ongoing organizational changes.
Storage and Terminal Solutions led revenue at $109.5 million, while Utility and Power Infrastructure posted a 9.1% gross margin on stronger execution. SG&A declined 12% as cost actions took hold. Backlog ended at $1.161 billion with a quarterly book‑to‑bill of 0.9x, and remaining performance obligations were $958.3 million, with $621.3 million expected within 12 months.
Liquidity totaled $248.9 million at quarter end, including $192.3 million in cash and $56.6 million of availability under the ABL Facility. Operating cash flow was $(25.9) million, driven by working capital timing.