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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Viridien
Viridien (VIRI) investor relations material
Viridien Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Nov, 2026
Executive summary
Q3 segment revenue was $237m, down 24% YoY, and adjusted segment EBITDAS was $100m, down 40%; Geoscience returned to growth while Earth Data and Sensing & Monitoring declined.
9M Net Cash Flow reached $67m versus $62m in 2025; net debt excluding IFRS 16 fell 18% YoY to $656m.
Management reaffirmed the FY26 Net Cash Flow objective of $100m, citing stronger tendering and customer engagement and a more supportive outlook into Q4 and 2027.
Financial highlights
Q3 segment revenue was $237m versus $313m; 9M segment revenue was $683m versus $888m. Q3 adjusted segment EBITDAS was $100m versus $167m; 9M was $268m versus $417m.
IFRS revenue was $236m in Q3, down 12% YoY, and $771.3m in 9M, up 2% from $758.1m.
IFRS EBITDAS was $98m in Q3 versus $120m; 9M EBITDAS was $348m versus $287m, while 9M operating income was $25m versus $149m.
IFRS net loss was $10m in Q3 versus $41m net income; 9M net loss was $45.9m versus $19.3m net income.
9M Net Cash Flow was $67m versus $62m; operating cash flow was $280m versus $320m, and total capex was $138m versus $173m.
Outlook and guidance
FY26 Net Cash Flow objective was reaffirmed at $100m.
Recovery is expected to strengthen through Q4 and into 2027, supported by improving customer engagement and sustained tendering activity.
Q4 Earth Data revenue is expected to be significantly above Q3, supported by seasonal late sales and active client discussions.
Frontier and emerging basin activity, offshore investment recovery and mature-basin imaging needs support reprocessing and selective new acquisition demand.
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Latest events from Viridien
- Improving Geoscience and Earth Data lifted operating income as SMO sales softened.VIRI
Q1 2022 - Earth Data-led growth lifted nine-month revenue 11%, with a stronger Q4 anticipated.VIRIQ3 2022
- Q3 recovery gained traction, but 9M multi-client weakness and higher leverage persisted.VIRIQ3 2021
- Q2 2026 delivered positive net cash flow and strong Geoscience orders despite revenue declines.VIRIQ2 2026
- Strong cash flow and deleveraging achieved despite a 29% revenue drop and market headwinds.VIRIQ1 2026
- Q3 2025 delivered strong revenue, cash flow, and profitability, with $100m cash flow target reaffirmed.VIRIQ3 2025
- Geoscience growth and cash generation offset Sensing & Monitoring decline; targets reaffirmed.VIRIQ3 2024
- H1 2024 revenue up 7% to $532M, net income $32M, and cash flow improved; guidance reaffirmed.VIRIQ2 2024
- Profitability and cash flow surged in 2024, with $100M net cash flow targeted for 2025.VIRIQ1 2025
Next Viridien earnings date
Q4 202625 Feb, 2027
Viridien
Next Viridien earnings date
Q4 202625 Feb, 2027
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Frequently asked questions
The Company operates as a geoscience company in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It offers exploration solutions comprising seismic source solutions for seismic data acquisition; geophones, receivers and its related software used during seismic data mapping and processing activities; isomin or isotropic mini-seismic sources; electronic cannons and other sources used in marine seismic acquisition activities; cable systems to transmit digital ground signals to receivers while they are being towed behind a survey vessel on the surface of the water; marine sensors comprising hydrophones and streamer cables; reservoir solutions that include technology solutions used in characterizing subsurface rock and reservoir fluids throughout the life of a field; imaging solutions; and well construction services.