Filing Flows › Butler National (BUKS) › Q1 FY27 › vs Q4 FY26
Butler National (BUKS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Butler National's revenue rose $3.1M (+11%) from $27.7M in Q4 FY26 to $30.8M in Q1 FY27. The biggest changes: Aircraft Modification +$4.3M (+36%); Special Mission Electronics −$670K (-12%); Gaming −$457K (-5%). Operating margin 24.1% against 27.0% (-2.9 pts).
Butler National, Q1 FY27: revenue $30.8M (+53% year over year), operating margin 24.1%, net earnings $5.3M, operating cash flow $4.6M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 24.1% | 27.0% | -2.9 pts |
| Net margin | 17.1% | 20.1% | -3.0 pts |
| Free cash flow margin | 8.9% | -1.9% | +10.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Casino Gaming Revenue | $6.8M | $6.9M | −$13K | -0.2% |
| Casino Non-Gaming Revenue | $1.1M | $1.2M | −$65K | -6% |
| Sports Wagering Revenue | $1.1M | $1.5M | −$379K | -26% |
| Gaming | $9.0M | $9.5M | −$457K | -5% |
| Aircraft Modification | $16.3M | $12.0M | $4.3M | +36% |
| Special Mission Electronics | $4.9M | $5.6M | −$670K | -12% |
| Aircraft Avionics | $537K | $613K | −$76K | -12% |
| Revenue | $30.8M | $27.7M | $3.1M | +11% |
| Operating profit | $7.4M | $7.5M | −$47K | -0.6% |
| Costs & expenses | $23.4M | $20.2M | $3.1M | +16% |
| Pre-tax earnings | $7.2M | $7.2M | −$17K | -0.2% |
| Other expense, net | $235K | $265K | −$30K | -11% |
| Research & development | $268K | $426K | −$158K | -37% |
| Sales & marketing | $1.1M | $939K | $200K | +21% |
| Other operating costs | $21.9M | $18.8M | $3.1M | +16% |
| Net earnings | $5.3M | $5.6M | −$290K | -5% |
| Income tax | $1.9M | $1.7M | $273K | +17% |
| Depreciation & amortization | $1.8M | $1.8M | −$12K | -0.7% |
| Share-based compensation | $66K | $36K | $30K | +83% |
| Working capital & other | $2.5M | $6.1M | −$3.6M | -60% |
| Operating cash flow | $4.6M | $1.3M | $3.4M | +266% |
| Free cash flow (OCF − capex) | $2.7M | −$526K | $3.3M | — |
| Capital expenditures | $1.9M | $1.8M | $97K | +5% |
Questions
How much did Butler National's revenue grow quarter over quarter in Q1 FY27?
Butler National's revenue rose $3.1M (+11%) from $27.7M in Q4 FY26 to $30.8M in Q1 FY27.
What drove Butler National's revenue change in Q1 FY27?
Aircraft Modification +$4.3M (+36%); Special Mission Electronics −$670K (-12%); Gaming −$457K (-5%).