Casella Waste Systems, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 9, 2026, reporting a net loss of $7.021 million for the third quarter and $8.790 million for the nine months ended September 30, 2026.

Key Highlights

  • Q3 2026 revenues: $559.231 million, up from $485.351 million in Q3 2025, according to the filing.
  • Q3 2026 net loss: $7.021 million, or $(0.11) per basic and diluted share, compared to net income of $9.984 million, or $0.16 per share, in Q3 2025.
  • Nine-month net loss: $8.790 million, or $(0.14) per basic and diluted share, versus net income of $10.382 million for the same period of 2025.
  • Landfill development impairment charge: $13.593 million recorded in Q3 2026, with no comparable charge in Q3 2025.
  • Total assets: $3.575 billion as of September 30, 2026, compared to $3.303 billion at December 31, 2025.
  • Goodwill: Increased to $1.389 billion from $1.120 billion at year-end 2025, reflecting acquisition activity during the period.
  • Shares outstanding: 62,655,943 Class A shares and 988,200 Class B shares as of October 15, 2026.

Casella Waste Systems Q3 2026 Financial Results: Charges and Acquisition Growth

Casella Waste Systems, Inc. (NASDAQ:CWST), headquartered in Rutland, Vermont, reported Q3 2026 revenues of $559.231 million, an increase from $485.351 million in the year-ago quarter, according to the filing. For the nine months ended September 30, 2026, revenues totaled $1.560 billion, compared to $1.368 billion for the same period of 2025. Despite the revenue growth, operating income fell to $15.649 million in Q3 2026 from $29.369 million in Q3 2025, as total operating expenses rose to $543.582 million from $455.982 million.

The filing disclosed several notable charges in Q3 2026 that were absent from the prior-year period: a landfill development impairment charge of $13.593 million, an organics facility closure charge of $703 thousand, and organizational transformation costs of $1.407 million. Expense from acquisition activities was $6.318 million in Q3 2026, up from $4.618 million in Q3 2025. Interest expense for the quarter was $18.236 million, compared to $15.945 million in Q3 2025, and the company recorded a provision for income taxes of $8.507 million despite a pre-tax income of only $1.486 million, contributing to the net loss of $7.021 million.

On the balance sheet, total debt (current and long-term) stood at approximately $1.382 billion as of September 30, 2026, up from approximately $1.155 billion at December 31, 2025. Goodwill rose by approximately $269 million over the same period, to $1.389 billion, consistent with the company's disclosed acquisition activities. Total stockholders' equity was $1.579 billion at September 30, 2026, compared to $1.569 billion at December 31, 2025. The accumulated deficit increased to $133.904 million from $125.114 million at year-end 2025.

What Was Disclosed

Casella Waste Systems filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing a Q3 net loss of $7.021 million, revenue growth year-over-year, a $13.593 million landfill development impairment charge, and growth in goodwill and total debt attributable to acquisition activity.