# Companhia Siderúrgica Nacional Reports $2.0 Billion Q3 Revenue and $240.8 Million Net Loss

> Companhia Siderúrgica Nacional reported $2.0 billion in third-quarter revenue, down 8.7%, as its net loss widened to $240.8 million and operating profit turned negative.

- Published: 2026-11-13T04:23:44+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-13/csn-q3-2026-revenue-net-loss
- Source: [Quiver Quantitative](https://www.quiverquant.com/news/Companhia+Sider%C3%BArgica+Nacional+%28SID%29+Releases+Q3+2026+Earnings%3A+Revenue+Down+8.7%25%2C+Net+Loss+Widens)

## Key takeaways

- Companhia Siderúrgica Nacional reported third-quarter 2026 revenue of $2.0 billion, down 8.7% year over year.
- The steelmaker's net loss attributable to common shareholders was $240.8 million, with diluted earnings per share of -$0.18.
- Cash from operating activities was negative $189.5 million, while capital spending on property, plant and equipment totaled $267.1 million.

Companhia Siderúrgica Nacional reported third-quarter 2026 revenue of $2.0 billion, down 8.7% from a year earlier, and a net loss attributable to common shareholders of $240.8 million. [Quiver Quantitative](https://www.quiverquant.com/news/Companhia+Sider%C3%BArgica+Nacional+%28SID%29+Releases+Q3+2026+Earnings%3A+Revenue+Down+8.7%25%2C+Net+Loss+Widens) published the results on November 13, 2026. The Brazilian steelmaker's diluted earnings per share came in at -$0.18.

## CSN's Margin Pressure and Cash Burn

Gross profit fell 32.1% to $442.2 million, and operating profit swung to a loss of $110.3 million. Costs of sales edged higher to $1.6 billion, adding pressure to margins. The company ended the period with $2.0 billion in cash and cash equivalents, while total liabilities declined sharply to $16.0 billion. Cash from operating activities was negative $189.5 million, and capital spending on property, plant and equipment totaled $267.1 million. Quiver Quantitative noted that the financials data is sourced from a third-party provider and has not been independently verified by the publisher.

## CSN's Earlier 2026 Results

In August 2026, Companhia Siderúrgica Nacional reported second-quarter revenue of $2.18 billion, a 12.86% year-over-year increase that beat analyst estimates by $29.47 million, according to Seeking Alpha. The same outlet reported a second-quarter net loss of R$773.1 million, a significant widening from the R$130 million loss recorded in the same period of 2025. In July 2026, Seeking Alpha reported that a financial analyst at DM Martins Research had revised his outlook on the steelmaker, arguing that its deleveraging strategy had failed and the company was now a potential value trap. In October 2026, Seeking Alpha reported that the deleveraging thesis had become more plausible since July, but that financial recovery had not yet occurred.

## CSN's Financial Calendar Dates

In October 2026, The future of trading reported that Companhia Siderúrgica Nacional published an update to its financial calendar, setting the full-year 2025 financial statements for March 11, 2026, first-quarter results for May 13, 2026, and the annual shareholders meeting for April 24, 2026. The company's own [website](http://www.csn.com.br) carries its corporate announcements.

## Companies in this story

- Companhia Siderúrgica Nacional · website: http://www.csn.com.br

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