Filing Flows › Amrep (AXR) › Q1 FY26
Amrep (AXR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 9, 2025
Amrep (AXR) reported revenue of $17.9M for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and +60% from the quarter before. Operating margin was 34.4%, net earnings $4.7M (26.3% of revenue).
Amrep, Q1 FY26: revenue $17.9M (-6% year over year), operating margin 34.4%, net earnings $4.7M, operating cash flow $9.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.9M | +60% | -6% |
| Operating profit | $6.1M | +74% | +23% |
| Net earnings | $4.7M | +21% | +15% |
| Operating cash flow | $9.5M | +221% | -11% |
| Free cash flow | $9.5M | +275% | -11% |
What changed
Revenue was $17.9M in Q1 FY26, down 6% year over year and up 60% from the previous quarter. Home sale was the largest line at 54% of revenue. Land sale lost $1.9M year over year (down 20%), 150% of the total change.
Operating profit was $6.1M, a 34.4% margin (up 8.3 points year over year). Total costs fell 17% while revenue fell 6%. The fastest-growing cost line was General & admin (+13%). Net earnings were $4.7M, up 15% year over year. The effective tax rate was 28.9%.
Operating cash flow was $9.5M (down 11% year over year), 203% of net earnings. Non-cash charges added back $78K of depreciation and $100K of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $20K left free cash flow of $9.5M.
Questions
What was Amrep's revenue in the first quarter fiscal 2026?
Amrep (AXR) reported revenue of $17.9M for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and +60% from the quarter before.
Was Amrep profitable in the first quarter fiscal 2026?
Operating profit was $6.1M (34.4% of revenue) and net earnings $4.7M.
Source: Amrep 10-Q on SEC EDGAR.