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Red Flags Detected

  • Net Loss Widened Despite Operating Income Improvement (worsened) — Operating income swung positive, but net loss increased 8.4% due to a $6.1 million below-the-line swing, indicating earnings quality concerns.
NASDAQ: KLXE KLX Energy Services Holdings, Inc. 10-Q

KLX Energy swings to operating profit but net loss widens on below-the-line items

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 6, 2025 · ~1 min read

Key Changes

  • high

    Revenue rose 11.3% to $185.6 million, and operating income swung from a $3.0 million loss to a $1.9 million profit.

    MD&A: Revenue & Operating Income verify on EDGAR →
  • high

    Net loss widened 8.4% to $15.5 million despite the operating improvement, driven by a $6.1 million below-the-line swing (non-operating/other -$6.1M, income tax +$0).

    MD&A: Net Loss verify on EDGAR →
  • high

    Completed the $16.7 million Wolf Pack Acquisition, including a $6.7 million bargain purchase gain, and adopted a stockholder protection rights plan.

    Notes: Wolf Pack Acquisition verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify