Filing Flows › Mesabi Trust (MSB) › Q1 FY26
Mesabi Trust (MSB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 12, 2025
Mesabi Trust (MSB) reported revenue of $4.7M for the first quarter fiscal 2026 (Q1 FY26), -24% from a year earlier and -31% from the quarter before. Operating margin was 76.7%, net earnings $3.6M (76.7% of revenue).
Mesabi Trust, Q1 FY26: revenue $4.7M (-24% year over year), operating margin 76.7%, net earnings $3.6M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | -31% | -24% |
| Operating profit | $3.6M | -40% | +4% |
| Net earnings | $3.6M | -40% | +4% |
| Operating cash flow | $2.1M | -78% | -17% |
What changed
Revenue was $4.7M in Q1 FY26, down 24% year over year and down 31% from the previous quarter.
Operating profit was $3.6M, a 76.7% margin (up 21.0 points year over year). Total costs fell 60% while revenue fell 24%. Net earnings were $3.6M, up 4% year over year. The effective tax rate was 0.0%.
Operating cash flow was $2.1M (down 17% year over year), 57% of net earnings. Working capital and other items used $1.6M.
Questions
What was Mesabi Trust's revenue in the first quarter fiscal 2026?
Mesabi Trust (MSB) reported revenue of $4.7M for the first quarter fiscal 2026 (Q1 FY26), -24% from a year earlier and -31% from the quarter before.
Was Mesabi Trust profitable in the first quarter fiscal 2026?
Operating profit was $3.6M (76.7% of revenue) and net earnings $3.6M.
Source: Mesabi Trust 10-Q on SEC EDGAR.