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Medinotec (MDNC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 8, 2025
Medinotec (MDNC) reported revenue of $3.2M for the second quarter fiscal 2026 (Q2 FY26), +79% from a year earlier and +52% from the quarter before. Operating margin was 16.3%, net earnings $347K (10.7% of revenue).
Medinotec, Q2 FY26: revenue $3.2M (+79% year over year), operating margin 16.3%, net earnings $347K, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | +52% | +79% |
| Gross profit | $2.0M | +117% | +138% |
| Operating profit | $529K | +91% | +21% |
| Net earnings | $347K | +205% | +22% |
| Operating cash flow | $1.2M | — | +200% |
What changed
Revenue was $3.2M in Q2 FY26, up 79% year over year and up 52% from the previous quarter. Outside U S A Distribution Agreement Sales was the largest line at 86% of revenue. Outside U S A Distribution Agreement Sales added $1.4M year over year (up 105%), 100% of the total change. Inside U S A Internally Designed Manufactured Sales declined 20%.
Gross margin was 61.3%, up 15.1 points from a year earlier. Operating profit was $529K, a 16.3% margin (down 7.8 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 24% margin then. Operating expenses grew 266% against revenue growth of 79%. The fastest-growing cost line was Research & development (+3401%). Net earnings were $347K, up 22% year over year. The effective tax rate was 35.4%.
Operating cash flow was $1.2M (up 200% year over year), 353% of net earnings. Non-cash charges added back $7K of depreciation and amortization. Working capital and other items added $869K.
Questions
What was Medinotec's revenue in the second quarter fiscal 2026?
Medinotec (MDNC) reported revenue of $3.2M for the second quarter fiscal 2026 (Q2 FY26), +79% from a year earlier and +52% from the quarter before.
Was Medinotec profitable in the second quarter fiscal 2026?
Operating profit was $529K (16.3% of revenue) and net earnings $347K.
Source: Medinotec 10-Q on SEC EDGAR.