Coda Octopus Group (NASDAQ:CODA) Exceeds Q3 Earnings and Revenue Expectations

Font: Financial Modeling Prep  • Sep 14, 2026

• Coda Octopus Group (NASDAQ:CODA) surpassed third-quarter analyst expectations, reporting an earnings per share (EPS) of $0.12 and revenue of $7.7 million.
• The company's growth was primarily fueled by its defense engineering and acoustic businesses, successfully offsetting a decline in marine technology sales.
• Demonstrating strong short-term financial health, the company boasts a current ratio of 33.02 and a price-to-earnings (P/E) ratio of 24.18.

On September 14, 2026, Coda Octopus Group (NASDAQ:CODA) announced its third-quarter earnings results. The company specializes in advanced 3D sonar technology and engineering services for marine and defense industries. The latest financial report shows that the company's performance surpassed analyst expectations for the quarter.

CODA reported an earnings per share (EPS) of $0.12, which is slightly higher than the analyst estimate of $0.115. This EPS figure represents the company's profit divided by its number of shares. The result is based on a net income of $1.4 million, an increase from $1.3 million in the prior-year quarter.

The company's revenue also beat forecasts, reaching $7.7 million against an expected $7.26 million. As highlighted by MarketBeat, this total revenue marks a 9.2% increase from the $7.1 million recorded in the same period last year. This growth in total sales contributed to a 16% rise in pretax income to $1.8 million.

This growth was mainly driven by CODA's defense engineering and acoustic businesses. These strong results helped offset a decline in its marine technology sales. As reported by GlobeNewswire, CEO Annmarie Gayle stated that geopolitical instability in the Middle East and parts of Asia affected customer activity in that segment.

Based on recent data, CODA has a price-to-earnings (P/E) ratio of 24.18. The company also shows very strong short-term financial health with a current ratio of 33.02. This ratio measures a company's ability to pay its short-term debts, with a high number suggesting it can easily meet these obligations.