Filing Flows › Legacy Education (LGCY) › Q1 FY26
Legacy Education (LGCY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 13, 2025
Legacy Education (LGCY) reported revenue of $19.4M for the first quarter fiscal 2026 (Q1 FY26), +39% from a year earlier and +8% from the quarter before. Operating margin was 13.9%, net earnings $2.2M (11.3% of revenue).
Legacy Education, Q1 FY26: revenue $19.4M (+38% year over year), operating margin 13.9%, net earnings $2.2M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.4M | +8% | +39% |
| Operating profit | $2.7M | +36% | +1% |
| Net earnings | $2.2M | +78% | +5% |
| Operating cash flow | $1.1M | -65% | -67% |
| Free cash flow | $810K | -72% | -73% |
What changed
Revenue was $19.4M in Q1 FY26, up 39% year over year and up 8% from the previous quarter.
Operating profit was $2.7M, a 13.9% margin (down 5.2 points year over year). Of the extra revenue versus a year earlier, 0% reached operating profit, below the 19% margin then. Total costs grew 47% against revenue growth of 39%. The fastest-growing cost line was General & admin (+54%). Net earnings were $2.2M, up 5% year over year. The effective tax rate was 26.5%.
Operating cash flow was $1.1M (down 67% year over year), 48% of net earnings. Non-cash charges added back $124K of depreciation and amortization and $269K of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $247K left free cash flow of $810K.
Questions
What was Legacy Education's revenue in the first quarter fiscal 2026?
Legacy Education (LGCY) reported revenue of $19.4M for the first quarter fiscal 2026 (Q1 FY26), +39% from a year earlier and +8% from the quarter before.
Was Legacy Education profitable in the first quarter fiscal 2026?
Operating profit was $2.7M (13.9% of revenue) and net earnings $2.2M.
Source: Legacy Education 10-Q on SEC EDGAR.