Filing Flows › Clearfield (CLFD) › Q1 FY26
Clearfield (CLFD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 9, 2026
Clearfield (CLFD) reported revenue of $34.3M for the first quarter fiscal 2026 (Q1 FY26), +16% from a year earlier and +95% from the quarter before. Operating margin was -5.3%, net loss $614K (1.8% of revenue).
Clearfield, Q1 FY26: revenue $34.3M (+16% year over year), operating margin -5.3%, net loss $614K, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.3M | +95% | +16% |
| Operating profit | −$1.8M | -142% | — |
| Net earnings | −$614K | — | — |
| Operating cash flow | −$1.4M | -135% | — |
What changed
Revenue was $34.3M in Q1 FY26, up 16% year over year and up 95% from the previous quarter.
Gross margin was 33.2%, up 4.0 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -5.3%. Operating expenses grew 23% against revenue growth of 16%. The quarter ended with a net loss of $614K, narrower than the previous quarter's $9.1M loss. Non-operating items added $1.2M, -197% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.4M. Non-cash charges added back $1.6M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$2.4M.
Questions
What was Clearfield's revenue in the first quarter fiscal 2026?
Clearfield (CLFD) reported revenue of $34.3M for the first quarter fiscal 2026 (Q1 FY26), +16% from a year earlier and +95% from the quarter before.
Was Clearfield profitable in the first quarter fiscal 2026?
Operating loss was $1.8M (-5.3% of revenue) and net loss $614K.
Source: Clearfield 10-Q on SEC EDGAR.