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Escalon Medical (ESMC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 14, 2025
Escalon Medical (ESMC) reported revenue of $2.7M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and +4% from the quarter before. Operating margin was -7.6%, net loss $240K (9.0% of revenue).
Escalon Medical, Q1 FY26: revenue $2.7M (-4% year over year), operating margin -7.6%, net loss $240K, operating cash flow $85K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | +4% | -4% |
| Operating profit | −$203K | — | — |
| Net earnings | −$240K | — | — |
| Operating cash flow | $85K | +439% | +155% |
| Free cash flow | $81K | +578% | +142% |
What changed
Revenue was $2.7M in Q1 FY26, down 4% year over year and up 4% from the previous quarter. Product was the largest line at 95% of revenue. Product lost $114K year over year (down 4%), 108% of the total change.
Operating costs exceeded revenue by $203K, an operating margin of -7.6%. Total costs grew 2% against a revenue fall of 4%. The fastest-growing cost line was Research & development (+53%). The quarter ended with a net loss of $240K, narrower than the previous quarter's $380K loss.
Operating cash flow was $85K (up 155% year over year). Non-cash charges added back $8K of depreciation and amortization. Working capital and other items added $317K. Capital expenditures of $4K left free cash flow of $81K.
Questions
What was Escalon Medical's revenue in the first quarter fiscal 2026?
Escalon Medical (ESMC) reported revenue of $2.7M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and +4% from the quarter before.
Was Escalon Medical profitable in the first quarter fiscal 2026?
Operating loss was $203K (-7.6% of revenue) and net loss $240K.
Source: Escalon Medical 10-Q on SEC EDGAR.