BuildDirect.com Technologies (BILD) Q2 2026 earnings summary

Executive summary

• Revenue grew 16.6% year-over-year to CAD 19.7 million in Q2 2026, with gross profit up 14.7% to CAD 7.7 million and gross margin at 39.2%.

• Net loss narrowed significantly to CAD 0.2 million, and Adjusted EBITDA turned positive at CAD 0.39 million.

• Sequential revenue growth was 34% from Q1, outpacing typical seasonal trends.

• Acquisitions, notably Tile Outlets of America, were the primary growth driver, while same-store revenue declined amid industry softness.

• Pro Centers accounted for 77% of consolidated revenue in Q2 2026.

Financial highlights

• Q2 2026 revenue: CAD 19.7 million (up from CAD 16.9 million in Q2 2025); gross profit: CAD 7.7 million (up 14.7% year-over-year); gross margin: 39.2%.

• Adjusted EBITDA: CAD 0.39 million (down from CAD 0.6 million in Q2 2025); margin: 2.0%.

• Operating cash flow: CAD 0.45 million; cash at quarter-end: CAD 4.1 million.

• Total assets increased to CAD 47.2 million, liabilities to CAD 42.9 million.

• First half 2026 revenue: CAD 34.3 million (up 7.2% year-over-year); gross margin 39.6%.

Outlook and guidance

• Focus for the second half: working capital optimization, disciplined capital deployment, and maintaining liquidity.

• Management targets acquisitions at 1x-2x post-synergy EBITDA, aiming for 12%-15% four-wall EBITDA at acquired locations.

• Priorities: integrate recent acquisitions, rebuild organic demand, and remain disciplined on future deals.

• Plans to deploy $5-10M of capital into tuck-in acquisitions, adding $20-40M revenue with ≤2-year payback.

• Management expects to capture additional market share as industry conditions improve.