Filing Flows › Mesabi Trust (MSB) › Q2 FY27
Mesabi Trust (MSB) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 11, 2026
Mesabi Trust (MSB) reported revenue of $2.5M for the second quarter fiscal 2027 (Q2 FY27), -56% from a year earlier and +10% from the quarter before. Operating margin was -3.8%, net loss $95K (3.8% of revenue).
Mesabi Trust, Q2 FY27: revenue $2.5M (-56% year over year), operating margin -3.8%, net loss $95K, operating cash flow $249K. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | +10% | -56% |
| Operating profit | −$95K | -109% | -102% |
| Net earnings | −$95K | -109% | -102% |
| Operating cash flow | $249K | -53% | -94% |
What changed
Revenue was $2.5M in Q2 FY27, down 56% year over year and up 10% from the previous quarter.
Operating costs exceeded revenue by $95K, an operating margin of -3.8%. Total costs grew 198% against a revenue fall of 56%. The quarter ended with a net loss of $95K, after a profit of $1.1M the previous quarter.
Operating cash flow was $249K (down 94% year over year). Working capital and other items added $344K.
Questions
What was Mesabi Trust's revenue in the second quarter fiscal 2027?
Mesabi Trust (MSB) reported revenue of $2.5M for the second quarter fiscal 2027 (Q2 FY27), -56% from a year earlier and +10% from the quarter before.
Was Mesabi Trust profitable in the second quarter fiscal 2027?
Operating loss was $95K (-3.8% of revenue) and net loss $95K.
Source: Mesabi Trust 10-Q on SEC EDGAR.