Filing Flows › Mission Produce (AVO) › Q3 FY26
Mission Produce (AVO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Sep 8, 2026
Mission Produce (AVO) reported revenue of $450M for the third quarter fiscal 2026 (Q3 FY26), +26% from a year earlier and +55% from the quarter before. Operating margin was 0.1%, net loss $5.8M (1.3% of revenue).
Mission Produce, Q3 FY26: revenue $450M (+26% year over year), operating margin 0.1%, net loss $5.8M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $450M | +55% | +26% |
| Operating profit | $500K | — | -98% |
| Net earnings | −$5.8M | — | -140% |
| Operating cash flow | −$4.9M | — | -114% |
What changed
Revenue was $450.0M in Q3 FY26, up 26% year over year and up 55% from the previous quarter. Avocado was the largest line at 88% of revenue. Avocado added $71.2M year over year (up 22%), 77% of the total change.
Gross margin was 9.9%, down 2.7 points from Q3 FY25. Operating profit was $500K, a 0.1% margin (down 5.8 points year over year). Operating profit fell $20.5M even though revenue rose $92.3M versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 83% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+12500%). The quarter ended with a net loss of $5.8M, narrower than the previous quarter's $7.4M loss. Net interest and other expense of $5.7M was the main reason.
Operating cash flow was −$4.9M. Non-cash charges added back $14.9M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $15.7M. Capital expenditures of $9.1M exceeded it, leaving free cash flow of −$14.0M.
Questions
What was Mission Produce's revenue in the third quarter fiscal 2026?
Mission Produce (AVO) reported revenue of $450M for the third quarter fiscal 2026 (Q3 FY26), +26% from a year earlier and +55% from the quarter before.
Was Mission Produce profitable in the third quarter fiscal 2026?
Operating profit was $500K (0.1% of revenue) and net loss $5.8M.
Source: Mission Produce 10-Q on SEC EDGAR.