Filing Flows › Mission Produce (AVO) › Q1 FY26
Mission Produce (AVO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 12, 2026
Mission Produce (AVO) reported revenue of $279M for the first quarter fiscal 2026 (Q1 FY26), -17% from a year earlier and -13% from the quarter before. Operating margin was 0.9%, net loss $100K (0.0% of revenue).
Mission Produce, Q1 FY26: revenue $279M (-17% year over year), operating margin 0.9%, net loss $100K, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $279M | -13% | -17% |
| Operating profit | $2.5M | -91% | — |
| Net earnings | −$100K | -101% | — |
| Operating cash flow | −$3.0M | -104% | — |
What changed
Revenue was $278.6M in Q1 FY26, down 17% year over year and down 13% from the previous quarter. Avocado was the largest line at 79% of revenue. Avocado lost $58.3M year over year (down 21%), 105% of the total change.
Gross margin was 11.3%, up 1.9 points from a year earlier. Operating profit was $2.5M, a 0.9% margin (down 1.9 points year over year). Operating expenses grew 31% against a revenue fall of 17%. The quarter ended with a net loss of $100K, after a profit of $16.8M the previous quarter. Net interest and other expense of $1.5M was the main reason.
Operating cash flow was −$3.0M. Non-cash charges added back $9.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $13.5M. Capital expenditures of $11.9M exceeded it, leaving free cash flow of −$14.9M.
Questions
What was Mission Produce's revenue in the first quarter fiscal 2026?
Mission Produce (AVO) reported revenue of $279M for the first quarter fiscal 2026 (Q1 FY26), -17% from a year earlier and -13% from the quarter before.
Was Mission Produce profitable in the first quarter fiscal 2026?
Operating profit was $2.5M (0.9% of revenue) and net loss $100K.
Source: Mission Produce 10-Q on SEC EDGAR.