Filing Flows › e.l.f. Beauty (ELF) › Q2 FY26
e.l.f. Beauty (ELF) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 10, 2025
e.l.f. Beauty (ELF) reported revenue of $344M for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and -3% from the quarter before. Operating margin was 2.2%, net earnings $3.0M (0.9% of revenue).
e.l.f. Beauty, Q2 FY26: revenue $344M (+14% year over year), operating margin 2.2%, net earnings $3.0M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $344M | -3% | +14% |
| Operating profit | $7.7M | -84% | — |
| Net earnings | $3.0M | -91% | — |
| Operating cash flow | $23.4M | -14% | +110% |
| Free cash flow | $16.6M | -18% | +74% |
What changed
Revenue was $343.9M in Q2 FY26, up 14% year over year and down 3% from the previous quarter.
Gross margin was 69.4%, down 1.6 points from a year earlier. Operating profit was $7.7M, a 2.2% margin (down 7.0 points year over year). Operating profit fell $20.2M even though revenue rose $42.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 14%. Net earnings were $3.0M, down 84% year over year.
Operating cash flow was $23.4M (up 110% year over year), 782% of net earnings. Non-cash charges added back $18.3M of depreciation and amortization and $29.5M of share-based compensation. Working capital and other items used $27.3M. Capital expenditures of $6.8M left free cash flow of $16.6M.
Questions
What was e.l.f. Beauty's revenue in the second quarter fiscal 2026?
e.l.f.
Was e.l.f. Beauty profitable in the second quarter fiscal 2026?
Operating profit was $7.7M (2.2% of revenue) and net earnings $3.0M.
Source: e.l.f. Beauty 10-Q on SEC EDGAR.