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Kelso Technologies ( (TSE:KLS) ) has shared an update.
Kelso Technologies Inc. reported on March 30, 2026 that it achieved its first profitable fiscal year since 2020, posting 2025 net income of $447,397, or $0.01 per share, on revenue of $10.78 million. Despite only a 1% rise in revenue and a slight dip in gross profit, the company sustained a robust 41% gross margin and cut total expenses by 27% to $3.99 million.
Management strengthened the balance sheet by reducing inventory 27% to $2.21 million, expanding its credit line to $1 million, and delivering positive adjusted EBITDA of $347,723. With tank car deliveries projected to fall more than 20% versus 2025, Kelso is emphasizing cost discipline, revenue diversification, new product launches such as its Angle Valve for 2026, and strategic partnerships as it positions for an expected upturn in new tank car builds in 2027–2028.
The company also made governance and leadership changes in 2025, including appointing CBIZ CPAs P.C. as its new auditor and elevating Amanda Smith to chief operating officer while eliminating the EVP Operations role. Smith’s March 20, 2026 “Woman of Influence in Rail” recognition underscores Kelso’s operational leadership and ongoing efforts to enhance safety and efficiency for rail customers across North America.
The most recent analyst rating on (TSE:KLS) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on Kelso Technologies stock, see the TSE:KLS Stock Forecast page.
Spark’s Take on KLS Stock
According to Spark, TipRanks’ AI Analyst, KLS is a Neutral.
The score is driven primarily by improved financial performance (return to profitability and a low-debt balance sheet), but it is held back by the sharp 2025 revenue decline and inconsistent historical cash generation. Technical indicators also weigh on the score due to a negative MACD and price trading below longer-term moving averages, while valuation is modestly supportive with a P/E around 10.8.
To see Spark’s full report on KLS stock, click here.
More about Kelso Technologies
Kelso Technologies Inc. is a North American manufacturer of rail transportation equipment, specializing in safety-critical components for tank cars. The company focuses on maintaining high production efficiency and gross margins through per order-based pricing, while pursuing product diversification and strategic partnerships within the rail industry.
YTD Price Performance: -20.0%
Average Trading Volume: 16,557
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$8.85M
Find detailed analytics on KLS stock on TipRanks’ Stock Analysis page.