Filing Flows › Nathans Famous (NATH) › Q4 FY26 › vs Q3 FY26
Nathans Famous (NATH) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Nathans Famous's revenue rose $754K (+2%) from $34.3M in Q3 FY26 to $35.1M in Q4 FY26. The biggest changes: License +$1.0M (+14%); Company-operated Restaurants −$394K (-24%); Branded Products +$148K (+0.6%). Gross margin 35.6% against 32.6% (+3.0 pts).
Nathans Famous, Q4 FY26: revenue $35.1M (+14% year over year), operating margin 13.4%, net earnings $2.8M, operating cash flow $2.5M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 35.6% | 32.6% | +3.0 pts |
| Operating margin | 13.4% | 14.9% | -1.6 pts |
| Net margin | 8.0% | 9.0% | -1.0 pts |
| Free cash flow margin | 7.1% | 16.6% | -9.5 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Branded Products | $23.9M | $23.7M | $148K | +0.6% |
| License | $8.4M | $7.4M | $1.0M | +14% |
| Company-operated Restaurants | $1.3M | $1.6M | −$394K | -24% |
| Franchise Fees and Royalties | $945K | $1.0M | −$75K | -7% |
| Advertising Fund Revenue | $548K | $512K | $36K | +7% |
| Franchise | $93K | $114K | −$21K | -18% |
| Revenue | $35.1M | $34.3M | $754K | +2% |
| Gross profit | $12.5M | $11.2M | $1.3M | +12% |
| Cost of revenue | $22.6M | $23.1M | −$558K | -2% |
| Operating profit | $4.7M | $5.1M | −$445K | -9% |
| Operating expenses | $7.8M | $6.0M | $1.8M | +29% |
| Pre-tax earnings | $4.2M | $4.7M | −$584K | -12% |
| Other expense, net | $518K | $379K | $139K | +37% |
| General & admin | $6.1M | $4.4M | $1.7M | +39% |
| Other operating costs | $1.7M | $1.7M | $48K | +3% |
| Net earnings | $2.8M | $3.1M | −$275K | -9% |
| Income tax | $1.4M | $1.7M | −$309K | -19% |
| Depreciation & amortization | $229K | $232K | −$3K | -1% |
| Share-based compensation | $280K | $280K | $0 | 0% |
| Working capital & other | $776K | −$2.2M | $2.9M | — |
| Operating cash flow | $2.5M | $5.8M | −$3.2M | -56% |
| Free cash flow (OCF − capex) | $2.5M | $5.7M | −$3.2M | -56% |
| Capital expenditures | $38K | $56K | −$18K | -32% |
Questions
How much did Nathans Famous's revenue grow quarter over quarter in Q4 FY26?
Nathans Famous's revenue rose $754K (+2%) from $34.3M in Q3 FY26 to $35.1M in Q4 FY26.
What drove Nathans Famous's revenue change in Q4 FY26?
License +$1.0M (+14%); Company-operated Restaurants −$394K (-24%); Branded Products +$148K (+0.6%).