Matrix Service Company (MTRX) Releases Q2 2026 Earnings: Revenue Up but EPS Miss, Operating Loss

Matrix Service Company (MTRX) reported Q2 2026 revenue of $210.5 million, up 12.5% year over year, coming in below the estimate of $219.7 million.

Key financial highlights:

Gross profit rose 20.6% to $13.1 million.

Cost of sales totaled $197.4 million.

Operating loss widened to -$2.2 million, a decline of 65.9% year over year.

Net loss attributable to common shareholders was -$0.7 million, down 88.1% year over year.

Diluted earnings per share was -0.03 versus an estimate of 0.0342.

Balance sheet and cash flow items:

Cash from operating activities was $7.5 million, down 77.8% year over year.

Purchases of property, plant and equipment were -$1.2 million, up 28.5% year over year.

Cash and cash equivalents stood at $199.0 million, up 26.9% year over year.

Total liabilities were $512.6 million, an increase of 41.7% year over year.

The quarter showed revenue growth and stronger gross profit but resulted in operating and net losses, while the company retains a sizable cash balance of $199.0 million.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Matrix Service Company Insider Trading Activity

Matrix Service Company insiders have traded $MTRX stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $MTRX stock by insiders over the last 6 months:

SHAWN P PAYNE (President, Eng & Constr) has made 0 purchases and 3 sales selling 16,500 shares for an estimated $197,987.
JOHN D CHANDLER purchased 2,300 shares for an estimated $29,313

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Matrix Service Company Hedge Fund Activity

We have seen 89 institutional investors add shares of Matrix Service Company stock to their portfolio, and 53 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ACK ASSET MANAGEMENT LLC removed 1,087,100 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $14,219,268
BOSTON PARTNERS removed 543,466 shares (-90.9%) from their portfolio in Q3 2025, for an estimated $7,108,535
HARVEY PARTNERS, LLC removed 369,381 shares (-30.2%) from their portfolio in Q3 2025, for an estimated $4,831,503
GENDELL JEFFREY L added 332,065 shares (+54.0%) to their portfolio in Q3 2025, for an estimated $4,343,410
WESTERLY CAPITAL MANAGEMENT, LLC added 280,000 shares (+34.1%) to their portfolio in Q3 2025, for an estimated $3,662,400
AYAL CAPITAL ADVISORS LTD added 225,000 shares (+inf%) to their portfolio in Q3 2025, for an estimated $2,943,000
FIRST WILSHIRE SECURITIES MANAGEMENT INC removed 208,131 shares (-23.1%) from their portfolio in Q3 2025, for an estimated $2,722,353

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Matrix Service Company Analyst Ratings

Wall Street analysts have issued reports on $MTRX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 11/11/2025

To track analyst ratings and price targets for Matrix Service Company, check out Quiver Quantitative's $MTRX forecast page.