Filing Flows › Matthews International (MATW) › Q3 FY26
Matthews International (MATW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 7, 2026
Matthews International (MATW) reported revenue of $246M for the third quarter fiscal 2026 (Q3 FY26), -30% from a year earlier and -5% from the quarter before. Operating margin was -5.4%, net loss $23.7M (9.6% of revenue).
Matthews International, Q3 FY26: revenue $246M (-30% year over year), operating margin -5.4%, net loss $23.7M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | -5% | -30% |
| Operating profit | −$13.2M | — | -118% |
| Net earnings | −$23.7M | — | -254% |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $246.0M in Q3 FY26, down 30% year over year and down 5% from the previous quarter. Memorialization was the largest line at 85% of revenue. Industrial Technologies lost $49.9M year over year (down 57%), 48% of the total change.
Gross margin was 35.8%, up 0.9 points from Q3 FY25. Operating costs exceeded revenue by $13.2M, an operating margin of -5.4%. Operating expenses grew 117% against a revenue fall of 30%. The quarter ended with a net loss of $23.7M, wider than the previous quarter's $21.8M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $11.7M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$6.1M.
Questions
What was Matthews International's revenue in the third quarter fiscal 2026?
Matthews International (MATW) reported revenue of $246M for the third quarter fiscal 2026 (Q3 FY26), -30% from a year earlier and -5% from the quarter before.
Was Matthews International profitable in the third quarter fiscal 2026?
Operating loss was $13.2M (-5.4% of revenue) and net loss $23.7M.