{"url":"https://newsforagent.com/news/2026-11-06/kelso-technologies-q3-revenue-tank-car-slowdown","markdown_url":"https://newsforagent.com/news/2026-11-06/kelso-technologies-q3-revenue-tank-car-slowdown.md","title":"Kelso Technologies Q3 Revenue Falls to $1.76 Million","headline":"Kelso Technologies Posts $1.76 Million Q3 Revenue as Tank Car Slowdown Persists","description":"Kelso Technologies reported Q3 2026 revenue of $1.8 million and a net loss of $454,901 as tank car deliveries fell.","section":"Earnings & Results","published_at":"2026-11-06T02:19:48+00:00","modified_at":"2026-11-06T02:19:48+00:00","author":"News Desk","key_takeaways":["Kelso Technologies reported third-quarter 2026 revenue of $1.8 million, down from $2.8 million a year earlier.","Operating expenses before foreign exchange and non-cash share-based expense fell to $954,240, 8% below the third quarter of 2025.","Kelso received full AAR production approval for its 2-inch angle valve (K2AV) on September 14, 2026, with commercial deliveries expected soon."],"companies":[{"name":"Kelso Technologies","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000bavg/kelso-technologies","website":"http://kelsotech.com"}],"source":{"publisher":"Aktien","title":"Kelso Technologies Inc. Financial Results for the Quarter Ended September 30, 2026","url":"https://www.wallstreet-online.de/nachricht/21650433-kelso-technologies-inc-financial-results-for-the-quarter-ended-september-30-2026"},"other_sources":[],"tags":["Earnings & Results","Kelso Technologies"],"body_markdown":"[Kelso Technologies](https://akta.pro/company-profiles/000bavg/kelso-technologies) reported third-quarter 2026 revenue of $1.8 million and a net loss of $454,901, as North American tank car deliveries continued to fall. The company said in its [quarterly release](https://www.wallstreet-online.de/nachricht/21650433-kelso-technologies-inc-financial-results-for-the-quarter-ended-september-30-2026) that operating expenses before foreign exchange and non-cash share-based expense declined for a third consecutive quarter to $954,240, 8% below the third quarter of 2025.\n\n## Kelso's Third-Quarter Results and Cost Cuts\n\nKelso Technologies designs, manufactures and distributes AAR-approved safety valves and components for rail tank cars, tank trailers and heavy equipment fueling systems, selling to OEMs, retrofit shops, Class I railroads and military customers across North America, according to [company records](https://akta.pro/company-data).\n\nRevenue for the nine months ended September 30, 2026 was $5.8 million, compared with $8.6 million a year earlier. Gross profit was $531,995, or 30% of revenues, for the quarter and $1.9 million, or 33% of revenues, for the nine months. Accounting, audit and legal fees declined 61% to $67,992 in the quarter from $174,651 in the third quarter of 2025.\n\nKelso held total assets of $5.1 million, shareholders' equity of $3.6 million and working capital of $1.5 million at September 30, 2026, with no term debt. The company had $500,000 drawn and $500,000 available on its $1 million revolving credit facility. Discontinued operations contributed income of $11,365 in the quarter, compared with a loss of $95,493 in the comparative period.\n\n## Kelso's 2-Inch Angle Valve Approval\n\nOn September 14, 2026, Kelso announced full production approval from the Association of American Railroads for its new 2-inch angle valve (K2AV), which completed the required AAR field service trial and is approved for commercial manufacturing and sales across North America. The K2AV completes the Kelso Pressure Car Kit, and management believes the approval should positively impact revenue beginning in fiscal 2027. The commercial launch of the K2AV is the company's principal operational priority for the remainder of fiscal 2026, with commercial deliveries expected to commence soon.\n\nKelso is working with the AAR toward a teardown of its Bottom Outlet Valve, which remains in service trials and, subject to a satisfactory teardown, is expected to receive final AAR approval in 2026.\n\n## Kelso's Leadership and KIQ X Wind-Down\n\nJesse Crews became Chief Executive Officer in April 2026, supported by Chief Operating Officer Amanda Smith and Chief Financial Officer Sameer Uplenchwar, with Mark Temen as Lead Director, according to akta.pro company records. The same records show the wind-down of KIQ X Industries' ADAS-related operations was reported as substantially complete in April 2026.\n\nKelso's FY2025 revenue was approximately $10.78 million, roughly flat from $10.68 million in FY2024, and FY2025 was its first profitable year since 2020 at $447,397, the records show.\n\n## What Comes Next for Kelso\n\nKelso said the sublease of its West Kelowna facility offsets the remaining lease obligation, which expires in January 2027. Industry forecasts cited by the company expect North American tank car deliveries to decline by more than 35% in 2026, to an estimated 6,387 cars from 9,927 in 2025, before recovering to approximately 7,850 cars in 2027 and 10,700 cars in 2028.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}