Filing Flows › e.l.f. Beauty (ELF) › Q1 FY26
e.l.f. Beauty (ELF) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
e.l.f. Beauty (ELF) reported revenue of $354M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and +6% from the quarter before. Operating margin was 13.8%, net earnings $33.3M (9.4% of revenue).
e.l.f. Beauty, Q1 FY26: revenue $354M (+9% year over year), operating margin 13.8%, net earnings $33.3M, operating cash flow $27.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $354M | +6% | +9% |
| Gross profit | $245M | +3% | +6% |
| Operating profit | $48.7M | +10% | -4% |
| Net earnings | $33.3M | +18% | -30% |
| Operating cash flow | $27.2M | -80% | 21× |
| Free cash flow | $20.1M | -84% | 41× |
What changed
Revenue was $353.7M in Q1 FY26, up 9% year over year and up 6% from the previous quarter.
Gross margin was 69.1%, down 2.1 points from a year earlier. Operating profit was $48.7M, a 13.8% margin (down 1.9 points year over year). Operating profit fell $2.0M even though revenue rose $29.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 9%. Net earnings were $33.3M, down 30% year over year. The effective tax rate was 34.8%.
Operating cash flow was $27.2M (up 2026% year over year), 82% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization and $9.9M of share-based compensation. Working capital and other items used $29.1M. Capital expenditures of $7.1M left free cash flow of $20.1M.
Questions
What was e.l.f. Beauty's revenue in the first quarter fiscal 2026?
e.l.f.
Was e.l.f. Beauty profitable in the first quarter fiscal 2026?
Operating profit was $48.7M (13.8% of revenue) and net earnings $33.3M.
Source: e.l.f. Beauty 10-Q on SEC EDGAR.