Filing Flows › Amrep (AXR) › Q3 FY26
Amrep (AXR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 12, 2026
Amrep (AXR) reported revenue of $14.6M for the third quarter fiscal 2026 (Q3 FY26), +94% from a year earlier and +55% from the quarter before. Operating margin was 20.6%, net earnings $3.1M (21.6% of revenue).
Amrep, Q3 FY26: revenue $14.6M (+94% year over year), operating margin 20.6%, net earnings $3.1M, operating cash flow $5.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6M | +55% | +94% |
| Operating profit | $3.0M | +169% | +596% |
| Net earnings | $3.1M | +162% | +339% |
| Operating cash flow | $5.4M | — | — |
| Free cash flow | $5.4M | — | — |
What changed
Revenue was $14.6M in Q3 FY26, up 94% year over year and up 55% from the previous quarter. Land sale was the largest line at 57% of revenue. Land sale added $5.4M year over year (up 184%), 76% of the total change.
Operating profit was $3.0M, a 20.6% margin (up 14.9 points year over year). Of the extra revenue versus Q3 FY25, 37% reached operating profit, above the 6% margin then. Total costs grew 63% against revenue growth of 94%. The fastest-growing cost line was Other operating costs (+66%). Net earnings were $3.1M, up 339% year over year. The effective tax rate was 7.4%.
Operating cash flow was $5.4M, 172% of net earnings. Non-cash charges added back $90K of depreciation and $136K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $19K left free cash flow of $5.4M.
Questions
What was Amrep's revenue in the third quarter fiscal 2026?
Amrep (AXR) reported revenue of $14.6M for the third quarter fiscal 2026 (Q3 FY26), +94% from a year earlier and +55% from the quarter before.
Was Amrep profitable in the third quarter fiscal 2026?
Operating profit was $3.0M (20.6% of revenue) and net earnings $3.1M.
Source: Amrep 10-Q on SEC EDGAR.