Mistras Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the Securities and Exchange Commission on November 2, 2026, reporting third-quarter revenue of $204.6 million and net income attributable to the company of $6.9 million.

Key Highlights

  • Q3 2026 Revenue: $204,621 thousand, up from $195,549 thousand in Q3 2025, according to the filing.
  • Q3 2026 Net Income Attributable to Mistras Group: $6,949 thousand, compared with $13,108 thousand in the prior-year quarter.
  • Nine-Month Revenue: $566,787 thousand for the nine months ended September 30, 2026, versus $542,569 thousand for the same period in 2025.
  • Diluted EPS: $0.21 per share for Q3 2026, versus $0.41 per share in Q3 2025; $0.51 per share for the nine months ended September 30, 2026, versus $0.41 for the same period in 2025.
  • Transaction-Related Expense: $4,304 thousand recorded in Q3 2026, with no comparable charge in Q3 2025.
  • Total Assets: $597,463 thousand as of September 30, 2026, up from $578,781 thousand at December 31, 2025.
  • Shares Outstanding: 31,867,074 shares of common stock outstanding as of October 30, 2026.

Mistras Group Third-Quarter and Nine-Month 2026 Financial Results

According to the filing, Mistras Group (NYSE:MG) reported revenue of $204,621 thousand for the three months ended September 30, 2026, compared with $195,549 thousand for the same quarter in 2025. Gross profit for Q3 2026 was $62,037 thousand, up from $58,193 thousand in Q3 2025. Income from operations for the quarter was $15,049 thousand, compared with $20,381 thousand in Q3 2025. The filing also disclosed $4,304 thousand in transaction-related expense in Q3 2026, a line item that carried no balance in the comparable prior-year period.

For the nine months ended September 30, 2026, the company reported revenue of $566,787 thousand and net income attributable to Mistras Group of $16,918 thousand, compared with $542,569 thousand in revenue and $12,939 thousand in net income for the nine months ended September 30, 2025, the filing stated. Reorganization and other costs for the nine-month period were $3,457 thousand, declining from $7,802 thousand in the comparable 2025 period. Interest expense for the nine months ended September 30, 2026 was $10,463 thousand, versus $10,944 thousand for the prior-year period.

The balance sheet as of September 30, 2026 reflected total assets of $597,463 thousand and total liabilities of $349,060 thousand, according to the filing. Long-term debt, net of current portion, stood at $160,961 thousand, compared with $165,143 thousand at December 31, 2025. Total stockholders' equity attributable to Mistras Group was $248,228 thousand at September 30, 2026, up from $235,104 thousand at December 31, 2025. Accumulated other comprehensive loss widened to $(36,710) thousand from $(29,111) thousand over the same period, driven in part by foreign currency translation adjustments of $(7,724) thousand for the nine months ended September 30, 2026.

What Was Disclosed

Mistras Group filed its quarterly report for the period ended September 30, 2026, disclosing revenue, earnings, balance sheet data, and cash flow information for the three and nine months ended September 30, 2026, along with comparative figures for the same periods in 2025.