Filing Flows › Genasys (GNSS) › Q2 FY26 › vs Q2 FY25
Genasys (GNSS) Q2 FY26 vs Q2 FY25 (year over year)
Genasys's revenue rose $8.6M (+124%) from $6.9M in Q2 FY25 to $15.5M in Q2 FY26. The biggest changes: Product +$9.7M (+315%); Service −$1.1M (-28%). Gross margin 63.3% against 37.7% (+25.7 pts).
Genasys, Q2 FY26: revenue $15.5M (+124% year over year), operating margin 8.3%, net earnings $723K, operating cash flow −$9.3M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 63.3% | 37.7% | +25.7 pts |
| Operating margin | 8.3% | -90.2% | +98.5 pts |
| Net margin | 4.7% | -88.6% | +93.2 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Product | $12.7M | $3.1M | $9.7M | +315% |
| Service | $2.8M | $3.9M | −$1.1M | -28% |
| Revenue | $15.5M | $6.9M | $8.6M | +124% |
| Gross profit | $9.8M | $2.6M | $7.2M | +276% |
| Cost of revenue | $5.7M | $4.3M | $1.4M | +32% |
| Operating profit | $1.3M | −$6.3M | $7.5M | — |
| Operating expenses | $8.5M | $8.9M | −$328K | -4% |
| Pre-tax earnings | $868K | −$6.1M | $6.9M | — |
| Other expense, net | $414K | −$187K | $601K | — |
| Research & development | $2.3M | $2.2M | $114K | +5% |
| SG&A | $6.2M | $6.6M | −$442K | -7% |
| Net earnings | $723K | −$6.1M | $6.9M | — |
| Income tax | $145K | $71K | $74K | +104% |
| Operating cash sources | $11.3M | $1.3M | $10.0M | +775% |
| Depreciation & amortization | $689K | $691K | −$2K | -0.3% |
| Share-based compensation | $551K | $414K | $137K | +33% |
| Cash used in operations | $9.3M | $6.3M | $3.0M | +47% |
| Working capital & other | $11.3M | $1.3M | $10.0M | +775% |
Questions
How much did Genasys's revenue grow year over year in Q2 FY26?
Genasys's revenue rose $8.6M (+124%) from $6.9M in Q2 FY25 to $15.5M in Q2 FY26.
What drove Genasys's revenue change in Q2 FY26?
Product +$9.7M (+315%); Service −$1.1M (-28%).