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Butler National (BUKS) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jul 8, 2026
Butler National (BUKS) reported revenue of $27.7M for the fourth quarter fiscal 2026 (Q4 FY26), +28% from a year earlier and +3% from the quarter before. Operating margin was 27.0%, net earnings $5.6M (20.1% of revenue).
Butler National, Q4 FY26: revenue $27.7M (+28% year over year), operating margin 27.0%, net earnings $5.6M, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.7M | +3% | +28% |
| Operating profit | $7.5M | -19% | +69% |
| Net earnings | $5.6M | -17% | +67% |
| Operating cash flow | $1.3M | -88% | — |
What changed
Revenue was $27.7M in Q4 FY26, up 28% year over year and up 3% from the previous quarter. Aircraft Modification was the largest line at 43% of revenue.
Operating profit was $7.5M, a 27.0% margin (up 6.6 points year over year). Of the extra revenue versus Q4 FY25, 50% reached operating profit, above the 20% margin then. Total costs grew 18% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $5.6M, up 67% year over year. The effective tax rate was 22.9%.
Operating cash flow was $1.3M, 23% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization and $36K of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$526K.
Questions
What was Butler National's revenue in the fourth quarter fiscal 2026?
Butler National (BUKS) reported revenue of $27.7M for the fourth quarter fiscal 2026 (Q4 FY26), +28% from a year earlier and +3% from the quarter before.
Was Butler National profitable in the fourth quarter fiscal 2026?
Operating profit was $7.5M (27.0% of revenue) and net earnings $5.6M.
Source: Butler National 10-K on SEC EDGAR.