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Ibex (IBEX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 6, 2026
Ibex (IBEX) reported revenue of $164M for the third quarter fiscal 2026 (Q3 FY26), +17% from a year earlier and +0.1% from the quarter before. Operating margin was 9.8%, net earnings $13.3M (8.1% of revenue).
Ibex, Q3 FY26: revenue $164M (+17% year over year), operating margin 9.8%, net earnings $13.3M, operating cash flow $11.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +0.1% | +17% |
| Operating profit | $16.2M | +6% | +21% |
| Net earnings | $13.3M | +9% | +27% |
| Operating cash flow | $11.9M | +79% | +34% |
| Free cash flow | $6.6M | — | +85% |
What changed
Revenue was $164.4M in Q3 FY26, up 17% year over year and roughly flat from the previous quarter.
Operating profit was $16.2M, a 9.8% margin (up 0.4 points year over year). Of the extra revenue versus Q3 FY25, 12% reached operating profit, above the 9% margin then. Total costs grew 16% against revenue growth of 17%. The fastest-growing cost line was Cost of revenue (+20%). Net earnings were $13.3M, up 27% year over year. The effective tax rate was 16.6%.
Operating cash flow was $11.9M (up 34% year over year), 89% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $788K of share-based compensation. Working capital and other items used $7.4M. Capital expenditures of $5.3M left free cash flow of $6.6M.
Questions
What was Ibex's revenue in the third quarter fiscal 2026?
Ibex (IBEX) reported revenue of $164M for the third quarter fiscal 2026 (Q3 FY26), +17% from a year earlier and +0.1% from the quarter before.
Was Ibex profitable in the third quarter fiscal 2026?
Operating profit was $16.2M (9.8% of revenue) and net earnings $13.3M.
Source: Ibex 10-Q on SEC EDGAR.