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How Janel (JANL) makes money

Janel (JANL) made $67.5M of revenue in the third quarter fiscal 2026 (Q3 FY26), +37% from a year earlier. Logistics brought in $61.1M (90%); Life Sciences and Manufacturing brought in $6.4M (10%). Of every dollar of revenue, 32¢ was left as gross profit, 5¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

Janel revenue by segment, Q3 FY26Janel revenue by segment, Q3 FY26Logistics$61.1MLife Sciences and Manufacturing$6.4M
Janel: revenue by line, Q2 FY25 to Q3 FY26Janel: revenue by line, Q2 FY25 to Q3 FY26LogisticsLife Sciences and Man…Logistics: $61.1M latest$61.1MLife Sciences and Manufacturing: $6.4M latest$6.4MQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Logistics went from 87% of revenue in Q2 FY25 to 90% in Q3 FY26, the largest shift in the mix.
Janel revenue by quarterJanel revenue by quarter$53.3MQ4 FY24$50.7MQ2 FY25$49.1MQ3 FY25$56.2MQ4 FY25$56.0MQ1 FY26$57.4MQ2 FY26$67.5MQ3 FY26
Janel: where each dollar of revenue goesJanel: where each dollar of revenue goesCost of revenue68¢Gross profit32¢Operating expenses26¢Operating profit5¢Income tax1¢Net earnings3¢Operating cash flow44¢Free cash flow44¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Logistics$61.1M90.5%+19%+41%
Life Sciences and Manufacturing$6.4M9.5%+8%+9%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$67.5M100.0%
Cost of revenue$46.0M68.2%
Gross profit$21.5M31.8%
Operating expenses$17.8M26.4%
Operating profit$3.6M5.4%
Income tax$626K0.9%
Net earnings$2.1M3.1%
Operating cash flow$29.8M44.2%
Free cash flow$29.8M44.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$67.5M+37%
Q2 FY26$57.4M+13%
Q1 FY26$56.0M+9%
Q4 FY25$56.2M+6%
Q3 FY25$49.1M+5%
Q2 FY25$50.7M+20%
Q4 FY24$53.3M+28%

From Janel's 10-Q filed Aug 7, 2026 (on EDGAR).

Questions

How does Janel make money?

Janel (JANL) made $67.5M of revenue in the third quarter fiscal 2026 (Q3 FY26), +37% from a year earlier. Logistics brought in $61.1M (90%); Life Sciences and Manufacturing brought in $6.4M (10%). Of every dollar of revenue, 32¢ was left as gross profit, 5¢ was left as operating profit, 3¢ was left as net earnings.

What is Janel's biggest business?

Logistics: $61.1M in the third quarter fiscal 2026, 90% of revenue, +41% from a year earlier.

What is Janel's profit margin?

Net earnings were $2.1M, 3.1% of revenue, in the third quarter fiscal 2026; the operating margin was 5.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.