Plurilock Security (PLUR) Q2 2026 earnings summary

Executive summary

• Achieved significant margin expansion and cost reductions in Q2 2026, with a strategic focus on higher-margin Critical Services and operational efficiency.

• Revenue declined year-over-year due to a deliberate reduction in lower-margin resale activities, prioritizing long-term profitability.

• EBITDA loss improved by 86% year-over-year, reflecting benefits from restructuring and cost optimization.

Financial highlights

• Q2 2026 revenue was $11.28M, down from $16.24M in Q2 2025; six-month revenue was $21.47M, down from $35.10M.

• Consolidated gross margin rose to 17.3% in Q2 2026 from 11.4% in Q2 2025; six-month gross margin was 15.9%.

• Q2 2026 EBITDA loss was $(268K), a significant improvement from $(1.95M) in Q2 2025.

• Net loss for Q2 2026 was $(468K), compared to $(2.23M) in Q2 2025.

• Cash and cash equivalents at June 30, 2026, were $2.57M, nearly unchanged from December 31, 2025.

Outlook and guidance

• Focus remains on expanding Critical Services, converting engagements to recurring contracts, and maintaining cost discipline.

• Anticipates continued margin expansion and progress toward cash-flow positivity, leveraging defense and security market tailwinds.

• Strategic partnerships and new relationships with defense contractors are expected to drive growth.