Filing Flows › Capstone Energy Plus (CEPL) › Q2 FY26
Capstone Energy Plus (CEPL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 13, 2025
Capstone Energy Plus (CEPL) reported revenue of $28.4M for the second quarter fiscal 2026 (Q2 FY26), +25% from a year earlier and +2% from the quarter before. Operating margin was 4.8%, net earnings $834K (2.9% of revenue).
Capstone Energy Plus, Q2 FY26: revenue $28.4M (+25% year over year), operating margin 4.8%, net earnings $834K, operating cash flow $551K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.4M | +2% | +25% |
| Gross profit | $9.0M | +18% | +28% |
| Operating profit | $1.4M | — | 76× |
| Net earnings | $834K | — | — |
| Operating cash flow | $551K | — | — |
| Free cash flow | $296K | — | — |
What changed
Revenue was $28.4M in Q2 FY26, up 25% year over year and up 2% from the previous quarter. Microturbine Products was the largest line at 56% of revenue. Microturbine Products added $5.1M year over year (up 47%), 90% of the total change. Accessories declined 69%.
Gross margin was 31.6%, up 0.7 points from a year earlier. Operating profit was $1.4M, a 4.8% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 0% margin then. Operating expenses grew 9% against revenue growth of 25%. The fastest-growing cost line was Research & development (+37%). Net earnings were $834K. The effective tax rate was 0.5%.
Operating cash flow was $551K, 66% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $111K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $255K left free cash flow of $296K.
Questions
What was Capstone Energy Plus' revenue in the second quarter fiscal 2026?
Capstone Energy Plus (CEPL) reported revenue of $28.4M for the second quarter fiscal 2026 (Q2 FY26), +25% from a year earlier and +2% from the quarter before.
Was Capstone Energy Plus profitable in the second quarter fiscal 2026?
Operating profit was $1.4M (4.8% of revenue) and net earnings $834K.