Filing Flows › Mobix Labs (MOBX) › Q1 FY26
Mobix Labs (MOBX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 12, 2026
Mobix Labs (MOBX) reported revenue of $1.9M for the first quarter fiscal 2026 (Q1 FY26), -41% from a year earlier and -0.4% from the quarter before. Operating margin was -471.1%, net loss $10.1M (540.0% of revenue).
Mobix Labs, Q1 FY26: revenue $1.9M (-41% year over year), operating margin -471.1%, net loss $10.1M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | -0.4% | -41% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | −$4.8M | — | — |
What changed
Revenue was $1.9M in Q1 FY26, down 41% year over year and roughly flat from the previous quarter. Product was the largest line at 71% of revenue. Service lost $678K year over year (down 56%), 52% of the total change.
Gross margin was 31.0%, down 22.2 points from a year earlier. Operating costs exceeded revenue by $8.8M, an operating margin of -471.1%. Operating expenses fell 42% while revenue fell 41%. The quarter ended with a net loss of $10.1M, narrower than the previous quarter's $15.7M loss.
Operating cash flow was −$4.8M. Non-cash charges added back $455K of depreciation and amortization and $5.1M of share-based compensation.
Questions
What was Mobix Labs' revenue in the first quarter fiscal 2026?
Mobix Labs (MOBX) reported revenue of $1.9M for the first quarter fiscal 2026 (Q1 FY26), -41% from a year earlier and -0.4% from the quarter before.
Was Mobix Labs profitable in the first quarter fiscal 2026?
Operating loss was $8.8M (-471.1% of revenue) and net loss $10.1M.
Source: Mobix Labs 10-Q on SEC EDGAR.