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Mesa Laboratories (MLAB) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 3, 2026
Mesa Laboratories (MLAB) reported revenue of $65.1M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +7% from the quarter before. Operating margin was 12.2%, net earnings $3.6M (5.6% of revenue).
Mesa Laboratories, Q3 FY26: revenue $65.1M (+4% year over year), operating margin 12.2%, net earnings $3.6M, operating cash flow $18.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.1M | +7% | +4% |
| Gross profit | $41.8M | +12% | +5% |
| Operating profit | $8.0M | +69% | +38% |
| Net earnings | $3.6M | +47% | — |
| Operating cash flow | $18.8M | +128% | +3% |
| Free cash flow | $18.0M | +153% | +4% |
What changed
Revenue was $65.1M in Q3 FY26, up 4% year over year and up 7% from the previous quarter.
Gross margin was 64.2%, up 0.9 points from Q3 FY25. Operating profit was $8.0M, a 12.2% margin (up 3.0 points year over year). Of the extra revenue versus Q3 FY25, 96% reached operating profit, above the 9% margin then. Operating expenses fell 0% while revenue rose 4%. Net earnings were $3.6M. The effective tax rate was 21.0%.
Operating cash flow was $18.8M (up 3% year over year), 517% of net earnings. Non-cash charges added back $5.7M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $6.0M. Capital expenditures of $732K left free cash flow of $18.0M.
Questions
What was Mesa Laboratories' revenue in the third quarter fiscal 2026?
Mesa Laboratories (MLAB) reported revenue of $65.1M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +7% from the quarter before.
Was Mesa Laboratories profitable in the third quarter fiscal 2026?
Operating profit was $8.0M (12.2% of revenue) and net earnings $3.6M.
Source: Mesa Laboratories 10-Q on SEC EDGAR.