Filing Flows › Bellring Brands (BRBR) › Q1 FY26
Bellring Brands (BRBR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 3, 2026
Bellring Brands (BRBR) reported revenue of $537M for the first quarter fiscal 2026 (Q1 FY26), +0.8% from a year earlier and -17% from the quarter before. Operating margin was 14.6%, net earnings $43.7M (8.1% of revenue).
Bellring Brands, Q1 FY26: revenue $537M (+0.8% year over year), operating margin 14.6%, net earnings $43.7M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $537M | -17% | +0.8% |
| Gross profit | $161M | -14% | -19% |
| Operating profit | $78.5M | -23% | -32% |
| Net earnings | $43.7M | -27% | -43% |
| Operating cash flow | −$3.1M | -102% | — |
What changed
Revenue was $537.3M in Q1 FY26, up 1% year over year and down 17% from the previous quarter. Shakes was the largest line at 80% of revenue. Powders added $10.9M year over year (up 13%), 248% of the total change. Shakes declined 2%.
Gross margin was 29.9%, down 7.5 points from a year earlier. Operating profit was $78.5M, a 14.6% margin (down 7.0 points year over year). Operating profit fell $36.8M even though revenue rose $4.4M versus a year earlier, so costs grew faster than sales. Operating expenses fell 2% while revenue rose 1%. Net earnings were $43.7M, down 43% year over year. The effective tax rate was 25.3%.
Operating cash flow was −$3.1M. Non-cash charges added back $4.9M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $57.1M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$7.3M.
Questions
What was Bellring Brands' revenue in the first quarter fiscal 2026?
Bellring Brands (BRBR) reported revenue of $537M for the first quarter fiscal 2026 (Q1 FY26), +0.8% from a year earlier and -17% from the quarter before.
Was Bellring Brands profitable in the first quarter fiscal 2026?
Operating profit was $78.5M (14.6% of revenue) and net earnings $43.7M.
Source: Bellring Brands 10-Q on SEC EDGAR.