Helix Energy Solutions Group
HLX · NYSE
Key indicators
HLX profitability and balance sheet ratios
EPS $0.1534 in Q2 FY26, against -$0.0175 a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.1906 |
| Q4 FY24 | $0.1309 |
| Q1 FY25 | $0.0202 |
| Q2 FY25 | -$0.0175 |
| Q3 FY25 | $0.1495 |
| Q4 FY25 | $0.0563 |
| Q1 FY26 | -$0.0911 |
| Q2 FY26 | $0.1534 |
Where the money went
Q2 FY26, from revenue to net income
Helix Energy Solutions Group brought in $304.0M of revenue in Q2 FY26, +20.8% on a year earlier. 7¢ of every dollar became profit.
- Revenue
- $304.0M
- Costs, expenses and taxes
- $281.3M
- Net income
- $22.7M
- Net margin
- 7.5%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $334.2M | $287.9M | $304.0M |
| Gross profit | $50.6M | $8.8M | $56.2M |
| Operating income | $30.3M | −$13.3M | $26.7M |
| Net income | $8.3M | −$13.4M | $22.7M |
| Diluted EPS | $0.06 | -$0.09 | $0.15 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $2.6B | $2.6B | $2.6B |
| Total liabilities | $1.0B | $1.0B | $1.0B |
| Shareholder equity | $1.6B | $1.6B | $1.6B |
| Cash and short-term investments | $0.4B | $0.5B | $0.7B |
| Total debt | $0.3B | $0.3B | $0.3B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $113.2M | $61.8M | $53.9M |
| Investing cash flow | −$5.7M | −$2.8M | $97.0M |
| Financing cash flow | −$0.1M | −$4.3M | $0.3M |
| Capital expenditure | −$5.7M | −$2.8M | −$7.2M |
| Free cash flow | $107.5M | $59.0M | $46.7M |
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