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Leopard Energy (LEEN) Q2 FY26 earnings results (second quarter fiscal 2026)

10-Q filed Mar 2, 2026

Leopard Energy (LEEN) reported revenue of $1K for the second quarter fiscal 2026 (Q2 FY26), -37% from a year earlier and -19% from the quarter before. Operating margin was -425.3%.

Revenue$1K
Year over year-37%
Quarter over quarter-19%
Operating margin-425.3%
Net earnings−$24K

Leopard Energy, Q2 FY26: revenue $1K (-37% year over year), operating margin -425.3%, net loss $24K, operating cash flow −$9K. The chart follows the revenue to costs, profit and cash.

Q2 FY26AmountQ/QY/Y
Revenue$1K-19%-37%
Operating profit−$4K——
Net earnings−$24K——
Operating cash flow−$9K——

What changed

Revenue was $1K in Q2 FY26, down 37% year over year and down 19% from the previous quarter.

Gross margin was 100.0%, unchanged from Q2 FY25. Operating costs exceeded revenue by $4K, an operating margin of -425.3%. Operating expenses fell 81% while revenue fell 37%. The quarter ended with a net loss of $24K, wider than the previous quarter's $9K loss. Minority interests bore $20K of it: to shareholders the quarter was a loss of $4K. Net interest and other expense of $20K was the main reason.

Operating cash flow was −$9K. Working capital and other items added $16K.

Questions

What was Leopard Energy's revenue in the second quarter fiscal 2026?

Leopard Energy (LEEN) reported revenue of $1K for the second quarter fiscal 2026 (Q2 FY26), -37% from a year earlier and -19% from the quarter before.

Was Leopard Energy profitable in the second quarter fiscal 2026?

Operating loss was $4K (-425.3% of revenue) and net loss $24K.

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Source: Leopard Energy 10-Q on SEC EDGAR.