Orion (OEC) reported R&D of $7.3M in Q1 2026.

How has Orion's R&D changed year-over-year?

Orion's R&D increased by 10.6% year-over-year, from $6.6M to $7.3M.

What is the long-term trend for Orion's R&D?

Over 4 years (2021 to 2025), Orion's R&D has grown at a 5.7% compound annual growth rate (CAGR), from $22M to $27.5M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Orion OEC R&D

R&D at other companies

Cabot CorporationCBT

$14M-6.7%

IngevityNGVT

$6.7M-4.3%

Minerals TechnologiesMTX

$6.1M+5.2%

ChemoursCC

$26M-3.7%

Celanese CorporationCE

$28M-9.7%

InnospecIOSP

$13.2M+3.9%

Other financials

Income statement

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Revenue$459.5M-3.8%

Gross profit$79.2M-19.3%

Operating income$11.4M-63.5%

Net income-$9.9M-209%

EPS (diluted)-$0.18-212%

Balance sheet

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Cash & equivalents$52.0M+33.3%

Total debt$1.4B+5.8%

Total equity$379.5M-18.6%

Total assets$1.9B-1.9%

Cash flow

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Operating cash flow-$12.4M-3,200%

CapEx$36.1M+23.6%

Free cash flow-$48.5M-68.4%

Valuation

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Market cap$404.87M-28.7%

Enterprise value$1.7B-5.6%

P/S0.2×-0.1×

Profitability

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Gross margin19.1%-2.8pp

Operating margin0.4%-3.9pp

Net margin-5%-6.4pp

FCF margin2%—

Returns & leverage

See full

Return on equity-21.1%-26.6pp

Debt / equity3.6×+0.8×

Current ratio1×-0.1×

Where this comes from

Reported directly by Orion in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Orion’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Orion's R&D?: Orion (OEC) reported R&D of $7.3M in Q1 2026.
How has Orion's R&D changed year-over-year?: Orion's R&D increased by 10.6% year-over-year, from $6.6M to $7.3M.
What is the long-term trend for Orion's R&D?: Over 4 years (2021 to 2025), Orion's R&D has grown at a 5.7% compound annual growth rate (CAGR), from $22M to $27.5M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.