Filing Flows › Mesa Laboratories (MLAB) › Q1 FY27
Mesa Laboratories (MLAB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 10, 2026
Mesa Laboratories (MLAB) reported revenue of $60.1M for the first quarter fiscal 2027 (Q1 FY27), +1% from a year earlier and -6% from the quarter before. Operating margin was 11.7%, net earnings $2.8M (4.7% of revenue).
Mesa Laboratories, Q1 FY27: revenue $60.1M (+1% year over year), operating margin 11.7%, net earnings $2.8M, operating cash flow $14.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.1M | -6% | +1% |
| Gross profit | $39.0M | -8% | +6% |
| Operating profit | $7.0M | +156% | +129% |
| Net earnings | $2.8M | — | -40% |
| Operating cash flow | $14.7M | +6% | +678% |
| Free cash flow | $14.2M | +5% | 16× |
What changed
Revenue was $60.1M in Q1 FY27, up 1% year over year and down 6% from the previous quarter.
Gross margin was 64.9%, up 2.8 points from Q1 FY26. Operating profit was $7.0M, a 11.7% margin (up 6.5 points year over year). Of the extra revenue versus Q1 FY26, 667% reached operating profit, above the 5% margin then. Operating expenses fell 6% while revenue rose 1%. Net earnings were $2.8M, down 40% year over year. The effective tax rate was 35.0%.
Operating cash flow was $14.7M (up 678% year over year), 521% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $559K left free cash flow of $14.2M.
Questions
What was Mesa Laboratories' revenue in the first quarter fiscal 2027?
Mesa Laboratories (MLAB) reported revenue of $60.1M for the first quarter fiscal 2027 (Q1 FY27), +1% from a year earlier and -6% from the quarter before.
Was Mesa Laboratories profitable in the first quarter fiscal 2027?
Operating profit was $7.0M (11.7% of revenue) and net earnings $2.8M.
Source: Mesa Laboratories 10-Q on SEC EDGAR.