Filing Flows › Ibex (IBEX) › Q2 FY26
Ibex (IBEX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Ibex (IBEX) reported revenue of $164M for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +9% from the quarter before. Operating margin was 9.3%, net earnings $12.2M (7.4% of revenue).
Ibex, Q2 FY26: revenue $164M (+17% year over year), operating margin 9.3%, net earnings $12.2M, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +9% | +17% |
| Operating profit | $15.3M | +12% | +28% |
| Net earnings | $12.2M | +1% | +32% |
| Operating cash flow | $6.6M | -58% | +482% |
What changed
Revenue was $164.2M in Q2 FY26, up 17% year over year and up 9% from the previous quarter.
Operating profit was $15.3M, a 9.3% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 8% margin then. Total costs grew 16% against revenue growth of 17%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $12.2M, up 32% year over year. The effective tax rate was 19.1%.
Operating cash flow was $6.6M (up 482% year over year), 54% of net earnings. Non-cash charges added back $4.8M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $11.4M. Capital expenditures of $11.7M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Ibex's revenue in the second quarter fiscal 2026?
Ibex (IBEX) reported revenue of $164M for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +9% from the quarter before.
Was Ibex profitable in the second quarter fiscal 2026?
Operating profit was $15.3M (9.3% of revenue) and net earnings $12.2M.
Source: Ibex 10-Q on SEC EDGAR.