Filing Flows › Neogen (NEOG) › Q4 FY26
Neogen (NEOG) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jul 30, 2026
Neogen (NEOG) reported revenue of $225M for the fourth quarter fiscal 2026 (Q4 FY26), -0.1% from a year earlier and +7% from the quarter before. Operating margin was 1.4%, net loss $11.3M (5.0% of revenue).
Neogen, Q4 FY26: revenue $225M (-0.1% year over year), operating margin 1.4%, net loss $11.3M, operating cash flow $30.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | +7% | -0.1% |
| Operating profit | $3.1M | — | — |
| Net earnings | −$11.3M | — | — |
| Operating cash flow | $30.2M | +33% | +84% |
| Free cash flow | $26.2M | — | — |
What changed
Revenue was $225.3M in Q4 FY26, roughly flat year over year and up 7% from the previous quarter. Product was the largest line at 88% of revenue.
Gross margin was 47.8%, up 6.6 points from Q4 FY25. Operating profit was $3.1M, a 1.4% margin (up 272.4 points year over year). Operating expenses fell 85% while revenue was flat. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $11.3M, narrower than the previous quarter's $17.0M loss. Net interest and other expense of $15.2M was the main reason.
Operating cash flow was $30.2M (up 84% year over year). Non-cash charges added back $29.4M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $9.1M. After purchase of PPE ($4.0M), free cash flow as the company reports it was $26.2M.
Questions
What was Neogen's revenue in the fourth quarter fiscal 2026?
Neogen (NEOG) reported revenue of $225M for the fourth quarter fiscal 2026 (Q4 FY26), -0.1% from a year earlier and +7% from the quarter before.
Was Neogen profitable in the fourth quarter fiscal 2026?
Operating profit was $3.1M (1.4% of revenue) and net loss $11.3M.
Source: Neogen 10-K on SEC EDGAR.