Mirion swings to Q1 loss on $671M nuclear acquisitions; interest expense halves via refinancing

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Acquired Paragon ($588.5M) and Certrec ($82.9M) in 2025, adding nuclear power and SMR capabilities but posting operating loss in Q1 2026 from $22.5M higher COGS and $8.4M purchase-accounting amortization.

  MD&A: Paragon & Certrec acquisitions verify on EDGAR →
• high

  Issued $775M in convertible notes (0.25% and 0.00% coupons) and repaid $244.6M of term loan, cutting net interest expense 53% from $10.6M to $5.0M and boosting cash to $400.8M from $186.2M.

  MD&A: Debt refinancing verify on EDGAR →
• high

  Net income swung from $0.4M profit to $(3.4)M loss despite 28% revenue growth, driven by $32.6M higher COGS, $27.1M higher SG&A, and $6.5M FX swing from gain to loss.

  MD&A: Net income to net loss verify on EDGAR →