Seeking Alpha·Jun 15, 2026
Coda Octopus Group, Inc. (CODA) Q2 2026 Earnings Call TranscriptCoda Octopus Group, Inc. (CODA) Q2 2026 Earnings Call Transcript
Coda Octopus Group, Inc.(CODA)Earnings, Financials & Key Ratios
CODA•NASDAQ
$9.30
25.1× P/E·Price updated Jul 7, 2026
AboutCoda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business. It sells technology solutions to the subsea and underwater markets. The company's solutions include geophysical systems, a geophysical data acquisition systems, processing, and analysis software that are used primarily by survey companies, offshore renewable companies, research institutions, and salvage companies; GNSS-aided navigation systems; Echoscope and Echoscope PIPE used for real time monitoring of cable installations for offshore wind projects; and diver augmented vision display system. It offers CodaOctopus GeoSurvey products, such as hardware and software solutions for field acquisition of sidescan sonar and sub-bottom profiler; and CodaOctopus DA4G productivity suite of software that automates the tasks of analyzing, annotating, and mosaicing complex data sets. It markets its products under the CodaOctopus brand name. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.Show more
- Revenue$27M+30.7%
- EBITDA$6M+36.1%
- Net Income$4M+13.3%
- EPS (Diluted)0.37+15.6%
- Gross Margin66.49%-4.7%
- EBITDA Margin22.31%+4.1%
- Operating Margin17.08%-3.2%
- Net Margin15.55%-13.4%
- ROE7.42%+3.4%
CODA Price & Volume
Coda Octopus Group, Inc. (CODA) stock price & volume — 10-year historical chart
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Proprietary Sonar Technology Drives Margin Resilience
Investment Thesis • Updated 2026Q2
VerdictNeutral: While the company maintains a strong balance sheet with $2.0 million in cash and minimal debt
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Lumpy defense procurement cycles
Key Thesis Takeaways
- Coda Octopus Group leverages its specialized volumetric sonar intellectual property to maintain gross margins consistently above 64%, providing a competitive moat in the defense and subsea engineering sectors.
- While the firm has successfully transitioned to a robust net-cash position with $61.4 million in equity as of 2026Q2, investors should remain cautious regarding the inherent lumpiness of defense procurement cycles which caused revenue growth to fluctuate between a 20.3% contraction and a 43.8% expansion.
- Future performance will likely depend on the company's ability to stabilize operating margins, which recently peaked at 26.4%, while managing the significant volatility in working capital that impacts cash flow conversion.
Verdict Logic
the current P/E of 25.95 appears high given the unpredictable revenue growth and the recent $1.3 million working capital outflow observed in 2026Q2.
CODA Growth Metrics
Coda Octopus Group, Inc. (CODA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.28%
5 Years5.79%
3 Years6.12%
TTM22.81%
Profit CAGR
10 Years14.46%
5 Years4.31%
3 Years-1.35%
TTM44.24%
EPS CAGR
10 Years8.74%
5 Years4.28%
3 Years-0.89%
TTM2267%
Return on Capital
10 Years13.75%
5 Years8.59%
3 Years7.01%
Last Year8.06%
CODA Recent Earnings
Coda Octopus Group, Inc. (CODA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q3 2026Latest
Jun 15, 2026Metric
Actual
Est
EPS
$0.15+15.4%
$0.13
Rev
$7M-8.2%
$8M
Q2 2026
Mar 17, 2026Metric
Actual
Est
EPS
$0.08+33.3%
$0.06
Rev
$7M+7.8%
$6M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.09+28.6%
$0.07
Rev
$7M+11.5%
$7M
Q4 2025
Sep 15, 2025Metric
Actual
Est
EPS
$0.11+22.2%
$0.09
Rev
$7M+8.3%
$7M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 15, 2026 | $0.15vs $0.13+15.4% | $7Mvs $8M-8.2% |
| Q2 2026 | Mar 17, 2026 | $0.08vs $0.06+33.3% | $7Mvs $6M+7.8% |
| Q1 2026 | Jan 29, 2026 | $0.09vs $0.07+28.6% | $7Mvs $7M+11.5% |
| Q4 2025 | Sep 15, 2025 | $0.11vs $0.09+22.2% | $7Mvs $7M+8.3% |
Based on last 12 quarters of dataView full earnings history →
Latest CODA News
Recent stock market news and headlines for Coda Octopus Group, Inc. (CODA)
Seeking Alpha·Jun 15, 2026
Coda Octopus Q2: Fantastic Performance Overshadowed By UncertaintyCoda Octopus Group, Inc. delivered improved operational performance and profitability, despite headline revenue softness driven by Marine Tech Business weakness. CODA's segment mix shifted toward high-margin services, with defense engineering up 38% y/y and precision acoustics up 17.5%, offsetting MTB's 26.8% decline. The balance sheet remains robust with $30.6m in cash, no long-term debt, and continued positive operating cash flow, supporting future growth.
MarketBeat·Jun 15, 2026
Coda Octopus Group Q2 Earnings Call HighlightsCoda Octopus Group NASDAQ: CODA reported higher profit and improved margins for its fiscal second quarter despite a slight decline in revenue, as strength in its defense engineering and acoustic sensors businesses helped offset weakness in its core marine technology segment.
Peers Comparison
Key metrics vs top competitors for Coda Octopus Group, Inc. (CODA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.30 | $104.91M | 25.14 | 30.75% | 15.55% | 7.42% | — | |
| $1.03 | $20.98M | 7.92 | -9.27% | 15.26% | 13.2% | — | |
| $661.20 | $30.62B | 35.02 | 7.86% | 15.15% | 8.94% | — | |
| $108.57 | $13.66B | 9.75 | 3.07% | 7.77% | 27.1% | — | |
| $289.46 | $11.4B | 18.81 | 8.23% | 4.71% | 12.05% | — | |
| $218.72 | $3.61B | 25.11 | 11.33% | 8.42% | 16.74% | — |
Compare CODA vs Peers
Coda Octopus Group, Inc. (CODA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CODA SEC Filings & Documents
Coda Octopus Group, Inc. (CODA) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Sep 16, 2025·SEC
Material company update
May 30, 2025·SEC
Material company update
Nov 15, 2024·SEC
10-K Annual Reports
610-Q Quarterly Reports
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CODA Frequently Asked Questions
Coda Octopus Group, Inc. (CODA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Coda Octopus Group, Inc.'s revenue?
Coda Octopus Group, Inc. (CODA) reported $28.0M in revenue for fiscal year 2025. This represents a 552% increase from $4.3M in 2005.
How fast is Coda Octopus Group, Inc. growing?
Coda Octopus Group, Inc. (CODA) grew revenue by 30.7% over the past year. This is strong growth.
Is CODA profitable?
Yes, Coda Octopus Group, Inc. (CODA) is profitable, generating $4.9M in net income for fiscal year 2025 (15.5% net margin).
Dividend & Returns
What is CODA's return on equity?
Coda Octopus Group, Inc. (CODA) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.
What is Coda Octopus Group, Inc.'s free cash flow?
Coda Octopus Group, Inc. (CODA) generated $5.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.