Filing Flows › Mesabi Trust (MSB) › Q3 FY26
Mesabi Trust (MSB) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 12, 2025
Mesabi Trust (MSB) reported revenue of $3.6M for the third quarter fiscal 2026 (Q3 FY26), -95% from a year earlier and -36% from the quarter before. Operating margin was 77.1%, net earnings $2.8M (77.1% of revenue).
Mesabi Trust, Q3 FY26: revenue $3.6M (-96% year over year), operating margin 77.1%, net earnings $2.8M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -36% | -95% |
| Operating profit | $2.8M | -42% | -96% |
| Net earnings | $2.8M | -42% | -96% |
| Operating cash flow | $3.5M | -20% | -96% |
What changed
Revenue was $3.6M in Q3 FY26, down 95% year over year and down 36% from the previous quarter.
Operating profit was $2.8M, a 77.1% margin (down 22.1 points year over year). Total costs grew 22% against a revenue fall of 95%. Net earnings were $2.8M, down 96% year over year. The effective tax rate was 0.0%.
Operating cash flow was $3.5M (down 96% year over year), 127% of net earnings. Working capital and other items added $750K.
Questions
What was Mesabi Trust's revenue in the third quarter fiscal 2026?
Mesabi Trust (MSB) reported revenue of $3.6M for the third quarter fiscal 2026 (Q3 FY26), -95% from a year earlier and -36% from the quarter before.
Was Mesabi Trust profitable in the third quarter fiscal 2026?
Operating profit was $2.8M (77.1% of revenue) and net earnings $2.8M.
Source: Mesabi Trust 10-Q on SEC EDGAR.