XPRO

MKT CAP:$2B

Expro Group Holdings N.V.

Market Cap

$2B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$17.08+$3.44 (+25.22%)

Apr 23, 2026

Company Details

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such a...

CEO

Michael Jardon

IPO Date

Aug 9, 2013

Website

www.expro.com

Key Metrics TTM

Revenue

$1.6B

-6.2% YoY

Net Income

$52M

EPS (Diluted)

$0.45

Free Cash Flow

$98M

Revenue / Share

$13.96

Gross Margin

12.8%

Operating Margin

7.2%

Net Margin

3.2%

FCF Margin

6.1%

P/S

1.2x

P/E

38.6x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 19, 2026

$1.6B-6.2%EPS $0.45

Q4 2025

Feb 19, 2026

$382M-12.5%EPS $0.05

Q3 2025

Oct 23, 2025

$411M-2.7%EPS $0.12

Q2 2025

Jul 29, 2025

$423M-10.0%EPS $0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$280M	$6M	-$6M
Q2 22	$314M	$22M	$4M
Q3 22	$334M	$51M	$32M
Q4 22	$351M	$39M	$28M
Q1 23	$339M	$15M	$2M
Q2 23	$397M	$41M	$25M
Q3 23	$370M	$17M	$1M
Q4 23	$407M	$27M	$8M
Q1 24	$383M	$35M	$16M
Q2 24	$470M	$62M	$36M
Q3 24	$423M	$51M	$31M
Q4 24	$437M	$67M	$45M
Q1 25	$391M	$40M	$18M
Q2 25	$423M	$56M	$42M
Q3 25	$411M	$54M	$34M
Q4 25	$382M	$55M	$23M

Valuation

Quarter	P/S	P/E
Q1 22	2.1x	—
Q2 22	1.8x	—
Q3 22	1.6x	—
Q4 22	1.6x	—
Q1 23	1.5x	—
Q2 23	1.4x	—
Q3 23	1.4x	1002.1x
Q4 23	1.3x	—
Q1 24	1.3x	—
Q2 24	1.2x	—
Q3 24	1.2x	121.0x
Q4 24	1.2x	38.4x
Q1 25	1.2x	29.1x
Q2 25	1.2x	28.0x
Q3 25	1.2x	28.9x
Q4 25	1.2x	38.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$14M	-$33M
Q2 22	$2M	-$19M
Q3 22	-$667.0K	-$20M
Q4 22	$93M	$70M
Q1 23	$21M	-$7M
Q2 23	$25M	-$4M
Q3 23	$59M	$32M
Q4 23	$33M	-$5M
Q1 24	$30M	-$801.0K
Q2 24	-$13M	-$50M
Q3 24	$55M	$23M
Q4 24	$97M	$53M
Q1 25	$42M	$8M
Q2 25	$48M	$27M
Q3 25	$63M	$39M
Q4 25	$57M	$23M

Capital Expenditures

Quarter	CapEx
Q1 22	$19M
Q2 22	$21M
Q3 22	$19M
Q4 22	$23M
Q1 23	$29M
Q2 23	$29M
Q3 23	$27M
Q4 23	$37M
Q1 24	$31M
Q2 24	$36M
Q3 24	$32M
Q4 24	$44M
Q1 25	$33M
Q2 25	$21M
Q3 25	$24M
Q4 25	$34M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+79.5%	+66.8%
Q2 22	+77.9%	+71.8%
Q3 22	+69.3%	+77.7%
Q4 22	+18.7%	-8.2%
Q1 23	+21.0%	+18.0%
Q2 23	+26.6%	+20.2%
Q3 23	+10.6%	+22.0%
Q4 23	+15.9%	+23.7%
Q1 24	+13.0%	+8.9%
Q2 24	+18.3%	+16.4%
Q3 24	+14.3%	+6.4%
Q4 24	+7.4%	-1.8%
Q1 25	+1.9%	+1.3%
Q2 25	-10.0%	-12.0%
Q3 25	-2.7%	-3.6%
Q4 25	-12.5%	-8.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$4M	1.2%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$5M	1.3%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$7M	1.8%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 22	—	$12M
Q2 22	—	$18M
Q3 22	—	$19M
Q4 22	—	$10M
Q1 23	—	$13M
Q2 23	—	$16M
Q3 23	—	$15M
Q4 23	—	$19M
Q1 24	—	$19M
Q2 24	—	$26M
Q3 24	—	$20M
Q4 24	—	$23M
Q1 25	—	$22M
Q2 25	—	$14M
Q3 25	—	$20M
Q4 25	$19M	—

Revenue Segments

Quarter	Well Construction	Well Management
Q1 22	$111M	$169M
Q2 22	$122M	$192M
Q3 22	$129M	$205M
Q4 22	$138M	$213M
Q1 23	$128M	$211M
Q2 23	$144M	$253M
Q3 23	$116M	$254M
Q4 23	$145M	$261M
Q1 24	$120M	$263M
Q2 24	$148M	$321M
Q3 24	$159M	$264M
Q4 24	$145M	$292M
Q1 25	$130M	$260M
Q2 25	$142M	$281M
Q3 25	$150M	$261M
Q4 25	$126M	$256M

Revenue by Geography

Quarter	Apac	Essa	Mena	Nla
Q1 22	$44M	$82M	$51M	$104M
Q2 22	$48M	$90M	$45M	$130M
Q3 22	$50M	$100M	$50M	$135M
Q4 22	$47M	$117M	$55M	$132M
Q1 23	$48M	$114M	$51M	$126M
Q2 23	$65M	$138M	$59M	$135M
Q3 23	$71M	$135M	$58M	$105M
Q4 23	$62M	$134M	$65M	$145M
Q1 24	$60M	$122M	$71M	$130M
Q2 24	$63M	$168M	$81M	$157M
Q3 24	$65M	$131M	$87M	$139M
Q4 24	$62M	$143M	$93M	$139M
Q1 25	$51M	$112M	$94M	$134M
Q2 25	$57M	$132M	$91M	$143M
Q3 25	$49M	$126M	$86M	$151M
Q4 25	$43M	$116M	$93M	$130M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$218M	$0	$218M
Q2 22	$179M	$0	$179M
Q3 22	$157M	$0	$157M
Q4 22	$218M	$0	$218M
Q1 23	$186M	$0	$186M
Q2 23	$181M	$0	$181M
Q3 23	$257M	$0	$257M
Q4 23	$153M	$0	$153M
Q1 24	$165M	$0	$165M
Q2 24	$135M	$0	$135M
Q3 24	$167M	$0	$167M
Q4 24	$185M	$0	$185M
Q1 25	$180M	$0	$180M
Q2 25	$207M	$0	$207M
Q3 25	$199M	$0	$199M
Q4 25	$197M	$0	$197M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	109M	+0.1%	+0.3%
Q2 22	110M	+0.3%	+0.6%
Q3 22	109M	-0.8%	-0.2%
Q4 22	109M	+0.0%	-0.3%
Q1 23	109M	+0.1%	-0.4%
Q2 23	109M	+0.5%	-0.2%
Q3 23	109M	-0.6%	+0.1%
Q4 23	110M	+1.4%	+1.5%
Q1 24	110M	-0.1%	+1.2%
Q2 24	114M	+3.5%	+4.2%
Q3 24	118M	+3.8%	+8.7%
Q4 24	116M	-2.1%	+5.0%
Q1 25	117M	+0.9%	+6.1%
Q2 25	116M	-0.6%	+2.0%
Q3 25	116M	-0.2%	-2.0%
Q4 25	115M	-0.7%	-0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$39.0K	7K
Q2 22	$43.6K	7K
Q3 22	$46.4K	7K
Q4 22	$46.2K	8K
Q1 23	$44.6K	8K
Q2 23	$52.2K	8K
Q3 23	$48.7K	8K
Q4 23	$50.8K	8K
Q1 24	$47.9K	8K
Q2 24	$58.7K	8K
Q3 24	$52.9K	8K
Q4 24	$51.4K	9K
Q1 25	$46.0K	9K
Q2 25	$49.7K	9K
Q3 25	$48.4K	9K
Q4 25	$45.0K	9K

Revenue / Employee