Filing Flows › Bassett Furniture Industries (BSET) › Q3 FY26
Bassett Furniture Industries (BSET) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Sep 30, 2026
Bassett Furniture Industries (BSET) reported revenue of $82.8M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -1% from the quarter before. Operating margin was 3.4%, net earnings $2.1M (2.5% of revenue).
Bassett Furniture Industries, Q3 FY26: revenue $82.8M (+3% year over year), operating margin 3.4%, net earnings $2.1M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.8M | -1% | +3% |
| Gross profit | $47.6M | +0.6% | +6% |
| Operating profit | $2.8M | +24% | +369% |
| Net earnings | $2.1M | +3% | +162% |
| Operating cash flow | $6.1M | -17% | — |
| Free cash flow | $1.8M | -67% | — |
What changed
Revenue was $82.8M in Q3 FY26, up 3% year over year and down 1% from the previous quarter. Bassett Custom Upholstery was the largest line at 61% of revenue. Bassett Custom Upholstery added $1.7M year over year (up 4%), 63% of the total change. Bassett Casegoods declined 5%.
Gross margin was 57.5%, up 1.3 points from Q3 FY25. Operating profit was $2.8M, a 3.4% margin (up 2.6 points year over year). Of the extra revenue versus Q3 FY25, 80% reached operating profit, above the 1% margin then. Operating expenses grew 1% against revenue growth of 3%. Net earnings were $2.1M, up 162% year over year. The effective tax rate was 27.2%.
Operating cash flow was $6.1M, 291% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $1.8M. Capital expenditures of $4.3M left free cash flow of $1.8M.
Questions
What was Bassett Furniture Industries' revenue in the third quarter fiscal 2026?
Bassett Furniture Industries (BSET) reported revenue of $82.8M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -1% from the quarter before.
Was Bassett Furniture Industries profitable in the third quarter fiscal 2026?
Operating profit was $2.8M (3.4% of revenue) and net earnings $2.1M.