Filing Flows › Janel (JANL) › Q3 FY26 › vs Q2 FY26
Janel (JANL) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Janel's revenue rose $10.1M (+18%) from $57.4M in Q2 FY26 to $67.5M in Q3 FY26. The biggest changes: Logistics +$9.6M (+19%); Life Sciences and Manufacturing +$471K (+8%). Gross margin 31.8% against 32.3% (-0.5 pts).
Janel, Q3 FY26: revenue $67.5M (+37% year over year), operating margin 5.4%, net earnings $2.1M, operating cash flow $29.8M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 32.3% | -0.5 pts |
| Operating margin | 5.4% | 2.7% | +2.7 pts |
| Net margin | 3.1% | 1.2% | +1.9 pts |
| Free cash flow margin | 44.1% | 8.2% | +35.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Logistics | $61.1M | $51.5M | $9.6M | +19% |
| Life Sciences and Manufacturing | $6.4M | $6.0M | $471K | +8% |
| Revenue | $67.5M | $57.4M | $10.1M | +18% |
| Gross profit | $21.5M | $18.6M | $2.9M | +16% |
| Cost of revenue | $46.0M | $38.9M | $7.2M | +18% |
| Operating profit | $3.6M | $1.5M | $2.1M | +136% |
| Operating expenses | $17.8M | $17.0M | $821K | +5% |
| Pre-tax earnings | $3.2M | $1.2M | $2.0M | +164% |
| Other expense, net | $472K | $344K | $128K | +37% |
| SG&A | $16.8M | $16.2M | $607K | +4% |
| Other operating costs | $1.0M | $829K | $214K | +26% |
| Net earnings | $2.1M | $717K | $1.4M | +192% |
| Minority interests | $446K | $282K | $164K | +58% |
| Income tax | $626K | $202K | $424K | +210% |
| Depreciation & amortization | $166K | $164K | $2K | +1% |
| Share-based compensation | $62K | $63K | −$1K | -2% |
| Working capital & other | $27.5M | $3.9M | $23.6M | +608% |
| Operating cash flow | $29.8M | $4.8M | $25.0M | +517% |
| Free cash flow (OCF − capex) | $29.8M | $4.7M | $25.1M | +534% |
| Capital expenditures | $34K | $128K | −$94K | -73% |
Questions
How much did Janel's revenue grow quarter over quarter in Q3 FY26?
Janel's revenue rose $10.1M (+18%) from $57.4M in Q2 FY26 to $67.5M in Q3 FY26.
What drove Janel's revenue change in Q3 FY26?
Logistics +$9.6M (+19%); Life Sciences and Manufacturing +$471K (+8%).