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Limoneira (LMNR) Q2 FY26 earnings results (second quarter fiscal 2026)

10-Q filed Jun 9, 2026

Limoneira (LMNR) reported revenue of $23.9M for the second quarter fiscal 2026 (Q2 FY26), -32% from a year earlier and +31% from the quarter before. Operating margin was -90.7%, net loss $22.3M (93.3% of revenue).

Revenue$23.9M
Year over year-32%
Quarter over quarter+31%
Operating margin-90.7%
Net earnings−$22.3M

Limoneira, Q2 FY26: revenue $23.9M (-32% year over year), operating margin -90.7%, net loss $22.3M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.

Q2 FY26AmountQ/QY/Y
Revenue$23.9M+31%-32%
Operating profit−$21.7M——
Net earnings−$22.3M——
Operating cash flow−$4.5M—-150%

What changed

Revenue was $23.9M in Q2 FY26, down 32% year over year and up 31% from the previous quarter.

Operating costs exceeded revenue by $21.7M, an operating margin of -90.7%. Total costs grew 19% against a revenue fall of 32%. The fastest-growing cost line was Other operating costs (+1559%). The quarter ended with a net loss of $22.3M, wider than the previous quarter's $9.3M loss. Minority interests bore $904K of it: to shareholders the quarter was a loss of $21.4M.

Operating cash flow was −$4.5M. Non-cash charges added back $2.0M of depreciation and amortization and $302K of share-based compensation. Working capital and other items added $15.5M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$9.5M.

Questions

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

Limoneira (LMNR) reported revenue of $23.9M for the second quarter fiscal 2026 (Q2 FY26), -32% from a year earlier and +31% from the quarter before.

Was Limoneira profitable in the second quarter fiscal 2026?

Operating loss was $21.7M (-90.7% of revenue) and net loss $22.3M.

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Source: Limoneira 10-Q on SEC EDGAR.