Filing Flows › Graham (GHM) › Q4 FY26
Graham (GHM) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 8, 2026
Graham (GHM) reported revenue of $67.1M for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and +18% from the quarter before. Operating margin was 4.0%, net earnings $2.0M (2.9% of revenue).
Graham, Q4 FY26: revenue $67.1M (+13% year over year), operating margin 4.0%, net earnings $2.0M, operating cash flow −$151K. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.1M | +18% | +13% |
| Gross profit | $15.3M | +13% | -5% |
| Operating profit | $2.7M | -15% | -52% |
| Net earnings | $2.0M | -31% | -55% |
| Operating cash flow | −$151K | -103% | — |
What changed
Revenue was $67.1M in Q4 FY26, up 13% year over year and up 18% from the previous quarter. Defense was the largest line at 62% of revenue.
Gross margin was 22.7%, down 4.2 points from Q4 FY25. Operating profit was $2.7M, a 4.0% margin (down 5.3 points year over year). Operating profit fell $2.9M even though revenue rose $7.7M versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 20% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+109%). Net earnings were $2.0M, down 55% year over year. The effective tax rate was 15.1%.
Operating cash flow was −$151K. Non-cash charges added back $2.7M of depreciation and amortization and $404K of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Graham's revenue in the fourth quarter fiscal 2026?
Graham (GHM) reported revenue of $67.1M for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and +18% from the quarter before.
Was Graham profitable in the fourth quarter fiscal 2026?
Operating profit was $2.7M (4.0% of revenue) and net earnings $2.0M.
Source: Graham 10-K on SEC EDGAR.