Filing Flows › Agilysys (AGYS) › Q1 FY26
Agilysys (AGYS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 24, 2025
Agilysys (AGYS) reported revenue of $76.7M for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and +3% from the quarter before. Operating margin was 5.9%, net earnings $4.9M (6.4% of revenue).
Agilysys, Q1 FY26: revenue $76.7M (+21% year over year), operating margin 5.9%, net earnings $4.9M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.7M | +3% | +21% |
| Gross profit | $47.3M | +5% | +19% |
| Operating profit | $4.5M | -15% | -21% |
| Net earnings | $4.9M | +25% | -65% |
| Operating cash flow | −$4.3M | -116% | — |
What changed
Revenue was $76.7M in Q1 FY26, up 21% year over year and up 3% from the previous quarter. Subscription and Maintenance was the largest line at 63% of revenue. Subscription and Maintenance added $10.6M year over year (up 28%), 80% of the total change.
Gross margin was 61.7%, down 1.1 points from a year earlier. Operating profit was $4.5M, a 5.9% margin (down 3.2 points year over year). Operating profit fell $1.2M even though revenue rose $13.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 25% against revenue growth of 21%. Net earnings were $4.9M, down 65% year over year. The effective tax rate was -0.8%.
Operating cash flow was −$4.3M. Non-cash charges added back $2.4M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $16.7M. Capital expenditures of $633K exceeded it, leaving free cash flow of −$5.0M.
Questions
What was Agilysys' revenue in the first quarter fiscal 2026?
Agilysys (AGYS) reported revenue of $76.7M for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and +3% from the quarter before.
Was Agilysys profitable in the first quarter fiscal 2026?
Operating profit was $4.5M (5.9% of revenue) and net earnings $4.9M.
Source: Agilysys 10-Q on SEC EDGAR.