Filing Flows › Ibex (IBEX) › Q1 FY26
Ibex (IBEX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 6, 2025
Ibex (IBEX) reported revenue of $151M for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and +3% from the quarter before. Operating margin was 9.1%, net earnings $12.0M (8.0% of revenue).
Ibex, Q1 FY26: revenue $151M (+16% year over year), operating margin 9.1%, net earnings $12.0M, operating cash flow $15.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +3% | +17% |
| Operating profit | $13.7M | +12% | +51% |
| Net earnings | $12.0M | +25% | +60% |
| Operating cash flow | $15.7M | -44% | +102% |
| Free cash flow | $8.0M | -65% | +94% |
What changed
Revenue was $151.2M in Q1 FY26, up 17% year over year and up 3% from the previous quarter.
Operating profit was $13.7M, a 9.1% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 7% margin then. Total costs grew 14% against revenue growth of 17%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $12.0M, up 60% year over year. The effective tax rate was 10.9%.
Operating cash flow was $15.7M (up 102% year over year), 130% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $7.6M left free cash flow of $8.0M.
Questions
What was Ibex's revenue in the first quarter fiscal 2026?
Ibex (IBEX) reported revenue of $151M for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and +3% from the quarter before.
Was Ibex profitable in the first quarter fiscal 2026?
Operating profit was $13.7M (9.1% of revenue) and net earnings $12.0M.
Source: Ibex 10-Q on SEC EDGAR.