CVG Q2 revenue rises 13.5% to $195.2 million; raises 2026 revenue and EBITDA outlook
CVG reported second-quarter 2026 revenue of $195.2 million, up 13.5% from a year earlier, and a net loss from continuing operations of $8.7 million, or $(0.25) per diluted share, compared with a loss of $(0.12) per share in the prior-year quarter. The company raised its full-year 2026 revenue and Adjusted EBITDA guidance, though the larger loss, which includes a $3.4 million warrant liability charge, is a concern for shareholders.
Key points
- Revenues of $195.2 million, up from $172.0 million in Q2 2025, driven by all three segments.
- Net loss from continuing operations of $8.7 million, or $(0.25) per diluted share, versus $(0.12) a year earlier; includes a $3.4 million pre-tax warrant liability revaluation expense.
- 2026 revenue outlook raised to $725 million-$755 million from $660 million-$700 million; Adjusted EBITDA outlook raised to $26 million-$31 million from $24 million-$30 million.
- Net proceeds of approximately $11.6 million from the at-the-market equity program were used to pay down the term loan.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.