Filing Flows › Flexsteel Industries (FLXS) › Q1 FY26
Flexsteel Industries (FLXS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 22, 2025
Flexsteel Industries (FLXS) reported revenue of $110M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -4% from the quarter before. Operating margin was 8.1%, net earnings $7.3M (6.6% of revenue).
Flexsteel Industries, Q1 FY26: revenue $110M (+6% year over year), operating margin 8.1%, net earnings $7.3M, operating cash flow $4.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | -4% | +6% |
| Gross profit | $25.9M | -5% | +16% |
| Operating profit | $9.0M | -36% | +49% |
| Net earnings | $7.3M | -32% | +77% |
| Operating cash flow | $4.1M | -74% | +72% |
| Free cash flow | $2.8M | -82% | +40% |
What changed
Revenue was $110.4M in Q1 FY26, up 6% year over year and down 4% from the previous quarter.
Gross margin was 23.5%, up 2.0 points from a year earlier. Operating profit was $9.0M, a 8.1% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 6% margin then. Operating expenses grew 4% against revenue growth of 6%. Net earnings were $7.3M, up 77% year over year. The effective tax rate was 21.9%.
Operating cash flow was $4.1M (up 72% year over year), 56% of net earnings. Non-cash charges added back $836K of depreciation and $1.1M of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $1.4M left free cash flow of $2.8M.
Questions
What was Flexsteel Industries' revenue in the first quarter fiscal 2026?
Flexsteel Industries (FLXS) reported revenue of $110M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -4% from the quarter before.
Was Flexsteel Industries profitable in the first quarter fiscal 2026?
Operating profit was $9.0M (8.1% of revenue) and net earnings $7.3M.