Filing Flows › Neogen (NEOG) › Q3 FY26
Neogen (NEOG) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 9, 2026
Neogen (NEOG) reported revenue of $211M for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and -6% from the quarter before. Operating margin was -1.6%, net loss $17.0M (8.0% of revenue).
Neogen, Q3 FY26: revenue $211M (-4% year over year), operating margin -1.6%, net loss $17.0M, operating cash flow $22.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | -6% | -4% |
| Operating profit | −$3.3M | — | -161% |
| Net earnings | −$17.0M | — | — |
| Operating cash flow | $22.7M | +16% | +17% |
| Free cash flow | $11.1M | +42% | — |
What changed
Revenue was $211.2M in Q3 FY26, down 4% year over year and down 6% from the previous quarter. Product was the largest line at 88% of revenue. Product lost $10.3M year over year (down 5%), 105% of the total change.
Gross margin was 46.9%, down 3.0 points from Q3 FY25. Operating costs exceeded revenue by $3.3M, an operating margin of -1.6%. Operating expenses fell 2% while revenue fell 4%. The quarter ended with a net loss of $17.0M, wider than the previous quarter's $15.9M loss. Net interest and other expense of $17.0M was the main reason.
Operating cash flow was $22.7M (up 17% year over year). Non-cash charges added back $28.9M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $9.7M. Capital expenditures of $11.6M left free cash flow of $11.1M.
Questions
What was Neogen's revenue in the third quarter fiscal 2026?
Neogen (NEOG) reported revenue of $211M for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and -6% from the quarter before.
Was Neogen profitable in the third quarter fiscal 2026?
Operating loss was $3.3M (-1.6% of revenue) and net loss $17.0M.
Source: Neogen 10-Q on SEC EDGAR.