Filing Flows › Amrep (AXR) › Q4 FY26 › vs Q3 FY26
Amrep (AXR) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Amrep's revenue fell $3.5M (-24%) from $14.6M in Q3 FY26 to $11.0M in Q4 FY26. The biggest changes: Land sale −$4.3M (-52%); Home sale +$566K (+10%); Other +$157K (+18%). Operating margin 19.2% against 20.6% (-1.4 pts).
Amrep, Q4 FY26: revenue $11.0M (-1% year over year), operating margin 19.2%, net earnings $1.2M, operating cash flow $2.2M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 19.2% | 20.6% | -1.4 pts |
| Net margin | 11.3% | 21.6% | -10.3 pts |
| Free cash flow margin | 19.9% | 37.0% | -17.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Landscaping revenues | $666K | $622K | $44K | +7% |
| Miscellaneous other revenues | $373K | $260K | $113K | +43% |
| Other | $1.0M | $882K | $157K | +18% |
| Home sale | $6.0M | $5.4M | $566K | +10% |
| Land sale | $4.0M | $8.3M | −$4.3M | -52% |
| Revenue | $11.0M | $14.6M | −$3.5M | -24% |
| Other income, net | $426K | $393K | $33K | +8% |
| Operating profit | $2.1M | $3.0M | −$887K | -29% |
| Costs & expenses | $8.9M | $11.6M | −$2.7M | -23% |
| Pre-tax earnings | $2.5M | $3.4M | −$854K | -25% |
| General & admin | $2.3M | $2.9M | −$638K | -22% |
| Other operating costs | $6.6M | $8.6M | −$2.0M | -23% |
| Net earnings | $1.2M | $3.1M | −$1.9M | -60% |
| Income tax | $1.3M | $253K | $1.0M | +413% |
| Depreciation | $62K | $90K | −$28K | -31% |
| Share-based compensation | $92K | $136K | −$44K | -32% |
| Working capital & other | $798K | $2.0M | −$1.2M | -61% |
| Operating cash flow | $2.2M | $5.4M | −$3.2M | -59% |
| Free cash flow (OCF − capex) | $2.2M | $5.4M | −$3.2M | -59% |
| Capital expenditures | $3K | $19K | −$16K | -84% |
Questions
How much did Amrep's revenue grow quarter over quarter in Q4 FY26?
Amrep's revenue fell $3.5M (-24%) from $14.6M in Q3 FY26 to $11.0M in Q4 FY26.
What drove Amrep's revenue change in Q4 FY26?
Land sale −$4.3M (-52%); Home sale +$566K (+10%); Other +$157K (+18%).