HELIX ENERGY SOLUTIONS GROUP INCHLXEarnings & Financial Report
Helix Energy Solutions Inc., known as Cal Dive International prior to 2006, is an American oil and gas services company headquartered in Houston, Texas. The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields.
HLX Q1 FY2026 Key Financial Metrics
Revenue
$287.9M
Gross Profit
$8.8M
Operating Profit
N/A
Net Profit
$-13.4M
Gross Margin
3.1%
Operating Margin
N/A
Net Margin
-4.7%
YoY Growth
-13.8%
EPS
$-0.09
HELIX ENERGY SOLUTIONS GROUP INC Q1 FY2026 Financial Summary
HELIX ENERGY SOLUTIONS GROUP INC reported revenue of $287.9M (down 13.8% YoY) for Q1 FY2026, with a net profit of $-13.4M (down 536.4% YoY) (-4.7% margin). Cost of goods sold was $279.1M.
Key Financial Metrics
| Total Revenue | $287.9M |
|---|---|
| Net Profit | $-13.4M |
| Gross Margin | 3.1% |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
HELIX ENERGY SOLUTIONS GROUP INC Annual Revenue by Year
HELIX ENERGY SOLUTIONS GROUP INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
HELIX ENERGY SOLUTIONS GROUP INC Quarterly Revenue & Net Profit History
HELIX ENERGY SOLUTIONS GROUP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $287.9M | -13.8% | $-13.4M | -4.7% |
| Q4 FY2025 | $334.2M | -5.9% | $8.3M | 2.5% |
| Q3 FY2025 | $377.0M | +10.1% | $22.1M | 5.9% |
| Q2 FY2025 | $302.3M | -17.1% | $-2.6M | -0.9% |
| Q1 FY2025 | $278.1M | -6.1% | $3.1M | 1.1% |
| Q4 FY2024 | $355.1M | +6.0% | $20.1M | 5.7% |
| Q3 FY2024 | $342.4M | -13.5% | $29.5M | 8.6% |
| Q2 FY2024 | $364.8M | +18.1% | $32.3M | 8.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $364.8M | $342.4M | $355.1M | $278.1M | $302.3M | $377.0M | $334.2M | $287.9M |
| YoY Growth | 18.1% | -13.5% | 6.0% | -6.1% | -17.1% | 10.1% | -5.9% | -13.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.60B | $2.66B | $2.60B | $2.64B | $2.67B | $2.63B | $2.62B | $2.57B |
| Liabilities | $1.10B | $1.09B | $1.08B | $1.09B | $1.10B | $1.06B | $1.04B | $1.01B |
| Equity | $1.50B | $1.57B | $1.52B | $1.55B | $1.57B | $1.57B | $1.58B | $1.56B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-12.2M | $55.7M | $78.0M | $16.4M | $-17.1M | $24.3M | $113.2M | $61.8M |