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Legacy Education (LGCY) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 14, 2026
Legacy Education (LGCY) reported revenue of $21.4M for the third quarter fiscal 2026 (Q3 FY26), +15% from a year earlier and +11% from the quarter before. Operating margin was 18.5%, net earnings $3.0M (14.2% of revenue).
Legacy Education, Q3 FY26: revenue $21.4M (+15% year over year), operating margin 18.5%, net earnings $3.0M, operating cash flow $764K. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.4M | +11% | +15% |
| Operating profit | $3.9M | +54% | +8% |
| Net earnings | $3.0M | +48% | +8% |
| Operating cash flow | $764K | -28% | -17% |
| Free cash flow | $516K | +0.6% | -14% |
What changed
Revenue was $21.4M in Q3 FY26, up 15% year over year and up 11% from the previous quarter.
Operating profit was $3.9M, a 18.5% margin (down 1.3 points year over year). Of the extra revenue versus Q3 FY25, 10% reached operating profit, below the 20% margin then. Total costs grew 17% against revenue growth of 15%. The fastest-growing cost line was General & admin (+33%). Net earnings were $3.0M, up 8% year over year. The effective tax rate was 28.7%.
Operating cash flow was $764K (down 17% year over year), 25% of net earnings. Non-cash charges added back $156K of depreciation and amortization and $296K of share-based compensation. Working capital and other items used $2.7M. Capital expenditures of $249K left free cash flow of $516K.
Questions
What was Legacy Education's revenue in the third quarter fiscal 2026?
Legacy Education (LGCY) reported revenue of $21.4M for the third quarter fiscal 2026 (Q3 FY26), +15% from a year earlier and +11% from the quarter before.
Was Legacy Education profitable in the third quarter fiscal 2026?
Operating profit was $3.9M (18.5% of revenue) and net earnings $3.0M.
Source: Legacy Education 10-Q on SEC EDGAR.