Q2 FY2026 · ended Jun 30, 2026 · Revenue $9.23M, +78.1% YoY · Filed Aug 14, 2026
Koil Energy Solutions, Inc. (KLNG) files with the SEC under industry code 3533, Oil & Gas Field Machinery & Equipment. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $9.2 million and net income of $652,000. Free cash flow was -$2.6 million. As of Jun 30, 2026 it held $922,000 in cash and investments and $6.2 million in total debt.
Revenue
$9.23M
+78.1% vs year-ago quarter
Net income
$652,000
+968.9% vs year-ago quarter
Operating cash flow
$-1.12M
-412.3% vs year-ago quarter
Free cash flow
$-2.57M
-2482.4% vs year-ago quarter
EPS
$0.05
Dividend per share
None
Shares outstanding
12.26M
+1.4% vs year-ago quarter
Net cash
$-5.29M
Q2 FY2026
Operating margin
2.9%
TTM
Company profile
- Industry
- Oil & Gas Field Machinery & Equipment (SIC 3533)
- Listed as
- KLNG (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Houston, TX
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1110607
- Former names
- Deep Down, Inc. (until Feb 21, 2023); MediQuip Holdings, INC (until Dec 20, 2006); TRUE HEALTH INC (until Apr 10, 2006)
Other Oil & Gas Field Machinery & Equipment companies
- Baker Hughes Co BKR
- TechnipFMC plc FTI
- Solaris Energy Infrastructure, Inc. SEI
- NOV Inc. NOV
- Weatherford International plc WFRD
- Cactus, Inc. WHD
- DNOW Inc. DNOW
- Flowco Holdings Inc. FLOC
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $9.2M | $8.2M | $7.3M | $6.4M | $5.2M |
| Operating income | $678,000 | $273,000 | $393,000 | -$462,000 | -$235,000 |
| Net income | $652,000 | $241,000 | $343,000 | -$413,000 | $61,000 |
| Diluted EPS | $0.05 | $0.02 | $28.15 | -$0.03 | $0.00 |
| Operating cash flow | -$1.1M | $414,000 | $137,000 | -$630,000 | $358,000 |
| Free cash flow | -$2.6M | $299,000 | -$193,000 | -$868,000 | $108,000 |
| Total assets | $23.9M | $21.6M | $19.8M | $19.7M | $19.6M |
| Total liabilities | $13.8M | $12.2M | $10.9M | $11.2M | $10.8M |
| Stockholders' equity | $10.2M | $9.4M | $9.0M | $8.5M | $8.8M |
| Cash and investments | $922,000 | $1.2M | $1.5M | $1.9M | $2.2M |
| Total debt | $6.2M | $6.4M | $6.6M | $7.6M | $7.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Unregistered share sale, Other events
|
Oct 30, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Material agreement
|
Jun 17, 2026 | Jun 11, 2026 |
| 8-K |
Current report
Material agreement
|
May 22, 2026 | May 19, 2026 |
| 8-K |
Current report
Results of operations
|
May 18, 2026 | May 15, 2026 |
| 10-Q | Quarterly report | May 15, 2026 | Mar 31, 2026 |
All 572 Koil Energy Solutions, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.