Filing Flows › Mesabi Trust (MSB) › Q1 FY27
Mesabi Trust (MSB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 12, 2026
Mesabi Trust (MSB) reported revenue of $2.2M for the first quarter fiscal 2027 (Q1 FY27), -53% from a year earlier. Operating margin was 48.4%, net earnings $1.1M (48.4% of revenue).
Mesabi Trust, Q1 FY27: revenue $2.2M (-53% year over year), operating margin 48.4%, net earnings $1.1M, operating cash flow $534K. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | — | -53% |
| Operating profit | $1.1M | — | -70% |
| Net earnings | $1.1M | — | -70% |
| Operating cash flow | $534K | — | -74% |
What changed
Revenue was $2.2M in Q1 FY27, down 53% year over year.
Operating profit was $1.1M, a 48.4% margin (down 28.3 points year over year). Total costs grew 5% against a revenue fall of 53%. Net earnings were $1.1M, down 70% year over year. The effective tax rate was 0.0%.
Operating cash flow was $534K (down 74% year over year), 49% of net earnings. Working capital and other items used $554K.
Questions
What was Mesabi Trust's revenue in the first quarter fiscal 2027?
Mesabi Trust (MSB) reported revenue of $2.2M for the first quarter fiscal 2027 (Q1 FY27), -53% from a year earlier.
Was Mesabi Trust profitable in the first quarter fiscal 2027?
Operating profit was $1.1M (48.4% of revenue) and net earnings $1.1M.
Source: Mesabi Trust 10-Q on SEC EDGAR.