Filing Flows › Greystone Logistics (GLGI) › Q1 FY26
Greystone Logistics (GLGI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 15, 2025
Greystone Logistics (GLGI) reported revenue of $10.7M for the first quarter fiscal 2026 (Q1 FY26), -20% from a year earlier and -40% from the quarter before. Operating margin was -11.4%, net loss $1.1M (10.2% of revenue).
Greystone Logistics, Q1 FY26: revenue $10.7M (-20% year over year), operating margin -11.4%, net loss $1.1M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.7M | -40% | -20% |
| Operating profit | −$1.2M | -158% | — |
| Net earnings | −$1.1M | -188% | — |
| Operating cash flow | $1.9M | -20% | -9% |
| Free cash flow | $1.5M | -14% | — |
What changed
Revenue was $10.7M in Q1 FY26, down 20% year over year and down 40% from the previous quarter.
Gross margin was 3.0%, down 11.2 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -11.4%. Operating expenses grew 43% against a revenue fall of 20%. The quarter ended with a net loss of $1.1M, after a profit of $1.3M the previous quarter.
Operating cash flow was $1.9M (down 9% year over year). Non-cash charges added back $1.5M of depreciation and amortization. Working capital and other items added $1.5M. Capital expenditures of $442K left free cash flow of $1.5M.
Questions
What was Greystone Logistics' revenue in the first quarter fiscal 2026?
Greystone Logistics (GLGI) reported revenue of $10.7M for the first quarter fiscal 2026 (Q1 FY26), -20% from a year earlier and -40% from the quarter before.
Was Greystone Logistics profitable in the first quarter fiscal 2026?
Operating loss was $1.2M (-11.4% of revenue) and net loss $1.1M.