Filing Flows › Mesabi Trust (MSB) › Q4 FY26
Mesabi Trust (MSB) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Apr 22, 2026
Mesabi Trust (MSB) reported revenue of $3.6M for the fourth quarter fiscal 2026 (Q4 FY26), -48% from a year earlier and 0% from the quarter before. Operating margin was 75.9%, net earnings $2.7M (75.9% of revenue).
Mesabi Trust, Q4 FY26: revenue $3.6M (-48% year over year), operating margin 75.9%, net earnings $2.7M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | 0% | -48% |
| Operating profit | $2.7M | -1% | -55% |
| Net earnings | $2.7M | -1% | -55% |
| Operating cash flow | $4.4M | +26% | -53% |
What changed
Revenue was $3.6M in Q4 FY26, down 48% year over year and roughly flat from the previous quarter.
Operating profit was $2.7M, a 75.9% margin (down 12.6 points year over year). Total costs grew 10% against a revenue fall of 48%. Net earnings were $2.7M, down 55% year over year. The effective tax rate was 0.0%.
Operating cash flow was $4.4M (down 53% year over year), 163% of net earnings. Working capital and other items added $1.7M.
Questions
What was Mesabi Trust's revenue in the fourth quarter fiscal 2026?
Mesabi Trust (MSB) reported revenue of $3.6M for the fourth quarter fiscal 2026 (Q4 FY26), -48% from a year earlier and 0% from the quarter before.
Was Mesabi Trust profitable in the fourth quarter fiscal 2026?
Operating profit was $2.7M (75.9% of revenue) and net earnings $2.7M.
Source: Mesabi Trust 10-K on SEC EDGAR.