Filing Flows › Bellring Brands (BRBR) › Q2 FY26
Bellring Brands (BRBR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 5, 2026
Bellring Brands (BRBR) reported revenue of $599M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +11% from the quarter before. Operating margin was 11.0%, net earnings $33.9M (5.7% of revenue).
Bellring Brands, Q2 FY26: revenue $599M (+2% year over year), operating margin 11.0%, net earnings $33.9M, operating cash flow −$11.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $599M | +11% | +2% |
| Gross profit | $162M | +0.6% | -15% |
| Operating profit | $66.0M | -16% | -31% |
| Net earnings | $33.9M | -22% | -42% |
| Operating cash flow | −$11.2M | — | -123% |
What changed
Revenue was $598.7M in Q2 FY26, up 2% year over year and up 11% from the previous quarter. Shakes was the largest line at 83% of revenue. Shakes added $11.2M year over year (up 2%), 105% of the total change. Powders declined 4%.
Gross margin was 27.0%, down 5.3 points from Q2 FY25. Operating profit was $66.0M, a 11.0% margin (down 5.1 points year over year). Operating profit fell $29.1M even though revenue rose $10.7M versus Q2 FY25, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 2%. Net earnings were $33.9M, down 42% year over year. The effective tax rate was 26.1%.
Operating cash flow was −$11.2M. Non-cash charges added back $4.9M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $55.8M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$13.0M.
Questions
What was Bellring Brands' revenue in the second quarter fiscal 2026?
Bellring Brands (BRBR) reported revenue of $599M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and +11% from the quarter before.
Was Bellring Brands profitable in the second quarter fiscal 2026?
Operating profit was $66.0M (11.0% of revenue) and net earnings $33.9M.
Source: Bellring Brands 10-Q on SEC EDGAR.