Filing Flows › Natural Alternatives International (NAII) › Q2 FY26
Natural Alternatives International (NAII) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 13, 2026
Natural Alternatives International (NAII) reported revenue of $34.8M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -8% from the quarter before. Operating margin was -5.3%, net loss $2.6M (7.3% of revenue).
Natural Alternatives International, Q2 FY26: revenue $34.8M (+2% year over year), operating margin -5.3%, net loss $2.6M, operating cash flow −$6.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.8M | -8% | +2% |
| Operating profit | −$1.8M | -750% | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$6.3M | — | -17208% |
What changed
Revenue was $34.8M in Q2 FY26, up 2% year over year and down 8% from the previous quarter.
Gross margin was 7.2%, up 2.3 points from Q2 FY25. Operating costs exceeded revenue by $1.8M, an operating margin of -5.3%. Operating expenses fell 2% while revenue rose 2%. The quarter ended with a net loss of $2.6M, wider than the previous quarter's $291K loss.
Operating cash flow was −$6.3M. Non-cash charges added back $1.2M of depreciation and amortization and $178K of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $934K exceeded it, leaving free cash flow of −$7.3M.
Questions
What was Natural Alternatives International's revenue in the second quarter fiscal 2026?
Natural Alternatives International (NAII) reported revenue of $34.8M for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -8% from the quarter before.
Was Natural Alternatives International profitable in the second quarter fiscal 2026?
Operating loss was $1.8M (-5.3% of revenue) and net loss $2.6M.
Source: Natural Alternatives International 10-Q on SEC EDGAR.