Filing Flows › Capstone Energy Plus (CEPL) › Q3 FY26
Capstone Energy Plus (CEPL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 12, 2026
Capstone Energy Plus (CEPL) reported revenue of $26.8M for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and -6% from the quarter before. Operating margin was 7.7%, net earnings $1.2M (4.4% of revenue).
Capstone Energy Plus, Q3 FY26: revenue $26.8M (+33% year over year), operating margin 7.7%, net earnings $1.2M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.8M | -6% | +33% |
| Gross profit | $10.4M | +16% | +109% |
| Operating profit | $2.0M | +51% | — |
| Net earnings | $1.2M | +42% | — |
| Operating cash flow | $3.0M | +448% | +126% |
| Free cash flow | $2.6M | +788% | +300% |
What changed
Revenue was $26.8M in Q3 FY26, up 33% year over year and down 6% from the previous quarter. Microturbine Products was the largest line at 47% of revenue. Microturbine Products added $4.6M year over year (up 59%), 70% of the total change. Rentals declined 14%.
Gross margin was 39.0%, up 14.2 points from Q3 FY25. Operating profit was $2.0M, a 7.7% margin (up 17.9 points year over year). Operating expenses grew 19% against revenue growth of 33%. The fastest-growing cost line was Research & development (+31%). Net earnings were $1.2M. The effective tax rate was 0.4%.
Operating cash flow was $3.0M (up 126% year over year), 255% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $130K of share-based compensation. Working capital and other items added $509K. Capital expenditures of $392K left free cash flow of $2.6M.
Questions
What was Capstone Energy Plus' revenue in the third quarter fiscal 2026?
Capstone Energy Plus (CEPL) reported revenue of $26.8M for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and -6% from the quarter before.
Was Capstone Energy Plus profitable in the third quarter fiscal 2026?
Operating profit was $2.0M (7.7% of revenue) and net earnings $1.2M.