Filing Flows › Natural Alternatives International (NAII) › Q1 FY26
Natural Alternatives International (NAII) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
Natural Alternatives International (NAII) reported revenue of $37.7M for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and +11% from the quarter before. Operating margin was 0.8%, net loss $291K (0.8% of revenue).
Natural Alternatives International, Q1 FY26: revenue $37.7M (+14% year over year), operating margin 0.8%, net loss $291K, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.7M | +11% | +14% |
| Operating profit | $284K | — | — |
| Net earnings | −$291K | — | — |
| Operating cash flow | −$4.0M | -220% | — |
What changed
Revenue was $37.7M in Q1 FY26, up 14% year over year and up 11% from the previous quarter.
Gross margin was 11.7%, up 4.8 points from a year earlier. Operating profit was $284K, a 0.8% margin (up 6.3 points year over year). Operating expenses grew 0% against revenue growth of 14%. The quarter ended with a net loss of $291K, narrower than the previous quarter's $7.2M loss. Net interest and other expense of $483K was the main reason.
Operating cash flow was −$4.0M. Non-cash charges added back $1.2M of depreciation and amortization and $177K of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Natural Alternatives International's revenue in the first quarter fiscal 2026?
Natural Alternatives International (NAII) reported revenue of $37.7M for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and +11% from the quarter before.
Was Natural Alternatives International profitable in the first quarter fiscal 2026?
Operating profit was $284K (0.8% of revenue) and net loss $291K.
Source: Natural Alternatives International 10-Q on SEC EDGAR.