Filing Flows › Natural Alternatives International (NAII) › Q4 FY26
Natural Alternatives International (NAII) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Sep 28, 2026
Natural Alternatives International (NAII) reported revenue of $34.5M for the fourth quarter fiscal 2026 (Q4 FY26), +2% from a year earlier and -3% from the quarter before. Operating margin was -38.2%, net loss $13.5M (39.2% of revenue).
Natural Alternatives International, Q4 FY26: revenue $34.5M (+2% year over year), operating margin -38.2%, net loss $13.5M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.5M | -3% | +2% |
| Operating profit | −$13.2M | — | — |
| Net earnings | −$13.5M | — | — |
| Operating cash flow | −$1.1M | -143% | -132% |
What changed
Revenue was $34.5M in Q4 FY26, up 2% year over year and down 3% from the previous quarter.
Gross margin was 5.0%, down 5.4 points from Q4 FY25. Operating costs exceeded revenue by $13.2M, an operating margin of -38.2%. Operating expenses grew 172% against revenue growth of 2%. The quarter ended with a net loss of $13.5M, wider than the previous quarter's $4.3M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $1.2M of depreciation and amortization and $108K of share-based compensation. Working capital and other items added $11.2M. Capital expenditures of $637K exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Natural Alternatives International's revenue in the fourth quarter fiscal 2026?
Natural Alternatives International (NAII) reported revenue of $34.5M for the fourth quarter fiscal 2026 (Q4 FY26), +2% from a year earlier and -3% from the quarter before.
Was Natural Alternatives International profitable in the fourth quarter fiscal 2026?
Operating loss was $13.2M (-38.2% of revenue) and net loss $13.5M.
Source: Natural Alternatives International 10-K on SEC EDGAR.