Filing Flows › Duluth Holdings (DLTH) › Q3 FY26
Duluth Holdings (DLTH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 17, 2025
Duluth Holdings (DLTH) reported revenue of $115M for the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier and -13% from the quarter before. Operating margin was -7.7%, net loss $10.1M (8.8% of revenue).
Duluth Holdings, Q3 FY26: revenue $115M (-10% year over year), operating margin -7.7%, net loss $10.1M, operating cash flow −$6.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | -13% | -10% |
| Operating profit | −$8.8M | -468% | — |
| Net earnings | −$10.1M | -879% | — |
| Operating cash flow | −$6.7M | -121% | — |
What changed
Revenue was $114.9M in Q3 FY26, down 10% year over year and down 13% from the previous quarter.
Gross margin was 53.8%, up 1.6 points from a year earlier. Operating costs exceeded revenue by $8.8M, an operating margin of -7.7%. Operating expenses fell 20% while revenue fell 10%. The quarter ended with a net loss of $10.1M, after a profit of $1.3M the previous quarter.
Operating cash flow was −$6.7M. Non-cash charges added back $6.2M of depreciation and amortization and $549K of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $2.3M exceeded it, leaving free cash flow of −$8.9M.
Questions
What was Duluth Holdings' revenue in the third quarter fiscal 2026?
Duluth Holdings (DLTH) reported revenue of $115M for the third quarter fiscal 2026 (Q3 FY26), -10% from a year earlier and -13% from the quarter before.
Was Duluth Holdings profitable in the third quarter fiscal 2026?
Operating loss was $8.8M (-7.7% of revenue) and net loss $10.1M.
Source: Duluth Holdings 10-Q on SEC EDGAR.