GMR Solutions Swings to Q2 Net Loss of $28.3M, Reaffirms Full-Year Guidance
GMRS sits 29% above its 52-week low of $10.255 on elevated volume (3.2× avg).
Summary
GMR Solutions reported Q2 2026 net revenue of $1,490.3M, up 3.3% year-over-year, but swung to a net loss of $28.3M versus net income of $80.8M in Q2 2025. The loss was driven by a $74.3M unfavorable year-over-year change in revenue estimates related to No Surprises Act collections. Adjusted EBITDA fell 11.8% to $284.5M. Management reaffirmed full-year 2026 guidance, including revenue of $5.89B-$6.18B, citing underlying business strength. This is the company's second quarterly report since its May IPO; the prior Q1 report showed strong net income growth. The net loss and EBITDA decline mark a notable deterioration from the prior-year period, though liquidity remains strong at over $1.1B.
At the time of this announcement, GMRS was trading at $13.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $694.6M. The 52-week trading range was $10.26 to $15.98. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: BusinessWire.