Kelso Technologies Inc. Financial Results for the Quarter Ended September 30, 2026
Key Highlights
- ➤Q3 revenue $1.76M, down from $2.81M year over year
- ➤Q3 net loss $454,901 versus $182,851 profit last year
- ➤Operating expenses fell 8% year over year to $954,240
- ➤AAR approved K2AV angle valve for commercial North American sales
- ➤$500,000 drawn and $500,000 available on revolving credit facility
Expert Statements
Jesse Crews, CEO of Kelso Technologies Inc.
“The third quarter of fiscal 2026 showed continued progress on the Company’s cost structure, with operating expenses before foreign exchange and non-cash share-based expense declining for a third consecutive quarter to $954,240, which is 8% below the third quarter of 2025, while revenue of $1,756,751 reflected the continuing industry-wide slowdown in new tank car builds.”
Jesse Crews, CEO of Kelso Technologies Inc.
“Against industry forecasts indicating that North American tank car deliveries will decline by more than 35% in 2026 — to an estimated 6,387 cars from 9,927 in 2025, before recovering to approximately 7,850 cars in 2027 and 10,700 cars in 2028 — management is executing a focused strategy centered on revenue diversification, market share expansion in the repair, retrofit and requalification market, and disciplined cost management.”
Jesse Crews, CEO of Kelso Technologies Inc.
“The proactive steps taken by management to reduce the Company’s cost structure are reflected in the third quarter results and are expected to continue to benefit the fourth quarter.”
Jesse Crews, CEO of Kelso Technologies Inc.
“The commercial launch of the K2AV is the Company’s principal operational priority for the remainder of fiscal 2026, with commercial deliveries expected to commence soon.”
Jesse Crews, CEO of Kelso Technologies Inc.
“Management believes the approval should positively impact the Company’s revenue beginning in fiscal 2027.”
West Kelowna, British Columbia and Bonham, Texas--(Newsfile Corp. - November 5, 2026) - Kelso Technologies Inc. (TSX: KLS) ("Kelso" or the "Company"), reports that the Company has released the interim financial statements and Management Discussion and Analysis for the quarter ended September 30, 2026.
The interim financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). All amounts herein are expressed in United States dollars (the Company's functional currency) unless otherwise indicated. The Company's interim financial statements and MD&A for the quarter ended September 30, 2026 were approved by the Board of Directors on November 5, 2026.
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