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Ibex (IBEX) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 5, 2026 · Ibex (IBEX) Q1 FY27 earnings results →

Q1 FY27 Revenue up 16% year over year to $175M · 8¢ of every $1 of revenue kept as net profit · operating margin 10.4%

Ibex made $175M in Q1 FY27 (+16% Y/Y). Operating margin 10.4%, net earnings $14.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$175M
Year over year+16%
Operating margin10.4%
Net earnings$14.8M
Operating cash flow$16.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $175.2M in Q1 FY27, up 16% year over year and up 7% from the previous quarter.

Operating profit was $18.3M, a 10.4% margin (up 1.4 points year over year). Of the extra revenue versus Q1 FY26, 19% reached operating profit, above the 9% margin then. Total costs grew 14% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $14.8M, up 23% year over year. The effective tax rate was 19.1%.

Operating cash flow was $16.3M (up 4% year over year), 110% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $6.3M. After capital expenditures ($7.2M), free cash flow as the company reports it was $9.2M.

Quarterly history

Ibex revenue by quarterIbex revenue by quarter$141MQ3 FY25$147MQ4 FY25$151MQ1 FY26$164MQ2 FY26$164MQ3 FY26$164MQ4 FY26$175MQ1 FY27
Ibex net earnings by quarterIbex net earnings by quarter$10.5MQ3 FY25$9.6MQ4 FY25$12.0MQ1 FY26$12.2MQ2 FY26$13.3MQ3 FY26$8.7MQ4 FY26$14.8MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 5, 2026$175M+16%10.4%$14.8M$16.3M
Q4 FY2610-KSep 10, 2026$164M+12%6.0%$8.7M$24.8M
Q3 FY2610-QMay 6, 2026$164M+17%9.8%$13.3M$11.9M
Q2 FY2610-QFeb 5, 2026$164M+17%9.3%$12.2M$6.6M
Q1 FY2610-QNov 6, 2025$151M+16%9.1%$12.0M$15.7M
Q4 FY2510-KSep 11, 2025$147M+18%8.3%$9.6M$27.9M
Q3 FY2510-QMay 8, 2025$141M+11%9.5%$10.5M$8.8M

Charts

Ibex: revenue growth, year over year and quarter over quarterIbex: revenue growth, year over year and quarter over quarterY/YQ/Q+11%Q3 FY25+18%+5%Q4 FY25+16%+3%Q1 FY26+17%+9%Q2 FY26+17%+0%Q3 FY26+12%0%Q4 FY26+16%+7%Q1 FY27
Latest (Q1 FY27): Y/Y +16%, Q/Q +7%.
Ibex: where the cash came from (+) and went (−), TTM to Q1 FY27Ibex: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow$59.7MCapital spending−$27.3MBuybacks−$16.1MCash drawn (+) / kept (−)−$14.0MTaxes on employees’ shares−$3.4MShares issued$2.5MNet borrowing (+) / repaid (−)−$1.3MExchange rates−$22K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ibex: profit against cash, quarter by quarterIbex: profit against cash, quarter by quarterNet incomeOperating cash flow$9.3M$1.1MQ2 FY25$10.5M$8.8MQ3 FY25$9.6M$27.9MQ4 FY25$12.0M$15.7MQ1 FY26$12.2M$6.6MQ2 FY26$13.3M$11.9MQ3 FY26$8.7M$24.8MQ4 FY26$14.8M$16.3MQ1 FY27
Latest (Q1 FY27): Net income $14.8M, Operating cash flow $16.3M.
Ibex: diluted shares by fiscal yearIbex: diluted shares by fiscal year18MFY2119MFY2219MFY2318MFY2416MFY2515MFY26
-19.3% since FY21: buybacks shrank the count.
Ibex in its industry: growth against margin (65 companies, SIC 7374)Ibex in its industry: growth against margin (65 companies, SIC 7374)revenue growth, year over year →↑ operating marginmedian +9%median -8%ADPDXCWDAYTOSTRDDTVRSKRNGPLTKCLVTFAPEGAAPLDFIVNTASKEVTCCARGNRDSHNGELFTORAMPGDRXLZEGHTUPWKCARSSSTKLIFYEXTTCXINODOOMAHAWKGLOOBRUNFIRYVERIBIRDINFQNXTTQMLSTRAKMOVEQBTSSHAZDTCXSDCHONFOBHICKWIKSEQCPHUNWORXONEICASTDTSTHTCRPWDYPVITMYX Inc.NTCSSTWIRADCCRCWHNITIBEX (+16%, 10%)
Services-Computer Processing & Data Preparation; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Ibex

ibex delivers end-to-end customer engagement, innovative business process outsourcing (“BPO”), smart digital marketing, online acquisition technology, and Artificial Intelligence (“AI”) solutions to help companies acquire, engage, and retain valuable customers. We combine our strong heritage of delivering leading customer experience (“CX”), services and solutions that span omnichannels to help our clients measure customer sentiment and deliver a superior experiences to their end-customers. Leveraging our proprietary technology platform, company culture and operational excellence, ibex helps approximately 140 clients create innovative and differentiated customer experiences to help increase loyalty, enhance brand awareness and drive revenue in an era of rapid change and digital transformation.

In its own words, from its 10-K, filed Sep 10, 2026.

Ibex against its Services-Computer Processing & Data Preparation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +6%. Operating margin: 10.4% against the peers' median 11.8%.

CompanyQuarterRevenueY/YOp. margin
IBEX IbexQ1 FY27$175M+16%10.4%
ADP Automatic Data ProcessingQ1 FY27$5.5B+6%23.9%
DXC DXC TechnologyQ2 FY27$3.0B-4%6.2%
WDAY WorkdayQ2 FY27$2.6B+13%11.8%
TOST ToastQ3 2026$2.0B+21%8.3%
RDDT RedditQ3 2026$895M+53%29.2%
VRSK Verisk AnalyticsQ3 2026$809M+5%45.2%
RNG RingCentralQ3 2026$676M+6%8.0%
PLTK Playtika HoldingQ3 2026$674M-0.1%17.2%

Source: Ibex 10-Q on SEC EDGAR · CIK 1720420 · Services-Computer Processing & Data Preparation

Guidance and outlook

Ibex Revenue: guidance against what was reportedIbex Revenue: guidance against what was reportedguided rangereported (above / within / below)FY26$644MQ1 FY27$175MFY27
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Ibex: what its forward-looking statements are about (10-Q filed 2026-11-05)Ibex: what its forward-looking statements are about (10-Q filed 2026-11-05)Margins3Other2Demand1Financing1Supply chain1
8 statements; tone -0.12 (−1 all cautious, +1 all confident); 5 hedged.
Ibex: outlook statements against the filing beforeIbex: outlook statements against the filing beforeConfident2Cautious3

More on IBEX

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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