Filing Flows › Legacy Education (LGCY) › Q2 FY26
Legacy Education (LGCY) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 12, 2026
Legacy Education (LGCY) reported revenue of $19.2M for the second quarter fiscal 2026 (Q2 FY26), +41% from a year earlier and -1% from the quarter before. Operating margin was 13.3%, net earnings $2.0M (10.6% of revenue).
Legacy Education, Q2 FY26: revenue $19.2M (+41% year over year), operating margin 13.3%, net earnings $2.0M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.2M | -1% | +41% |
| Operating profit | $2.6M | -5% | +54% |
| Net earnings | $2.0M | -7% | +46% |
| Operating cash flow | $1.1M | -0.1% | +60% |
| Free cash flow | $513K | -37% | +10% |
What changed
Revenue was $19.2M in Q2 FY26, up 41% year over year and down 1% from the previous quarter.
Operating profit was $2.6M, a 13.3% margin (up 1.2 points year over year). Of the extra revenue versus Q2 FY25, 16% reached operating profit, above the 12% margin then. Total costs grew 39% against revenue growth of 41%. The fastest-growing cost line was General & admin (+40%). Net earnings were $2.0M, up 46% year over year. The effective tax rate was 28.9%.
Operating cash flow was $1.1M (up 60% year over year), 52% of net earnings. Non-cash charges added back $174K of depreciation and amortization and $296K of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $543K left free cash flow of $513K.
Questions
What was Legacy Education's revenue in the second quarter fiscal 2026?
Legacy Education (LGCY) reported revenue of $19.2M for the second quarter fiscal 2026 (Q2 FY26), +41% from a year earlier and -1% from the quarter before.
Was Legacy Education profitable in the second quarter fiscal 2026?
Operating profit was $2.6M (13.3% of revenue) and net earnings $2.0M.
Source: Legacy Education 10-Q on SEC EDGAR.