Filing Flows › Napco Security Technologies (NSSC) › Q1 FY26
Napco Security Technologies (NSSC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 3, 2025
Napco Security Technologies (NSSC) reported revenue of $49.2M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -3% from the quarter before. Operating margin was 27.7%, net earnings $12.2M (24.7% of revenue).
Napco Security Technologies, Q1 FY26: revenue $49.2M (+12% year over year), operating margin 27.7%, net earnings $12.2M, operating cash flow $11.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.2M | -3% | +12% |
| Gross profit | $27.8M | +4% | +13% |
| Operating profit | $13.6M | +13% | +15% |
| Net earnings | $12.2M | +5% | +9% |
| Operating cash flow | $11.6M | -20% | -3% |
| Free cash flow | $11.4M | -20% | +0.9% |
What changed
Revenue was $49.2M in Q1 FY26, up 12% year over year and down 3% from the previous quarter. Services was the largest line at 48% of revenue. Door locking devices added $3.2M year over year (up 23%), 63% of the total change. Intrusion and access alarm products declined 4%.
Gross margin was 56.6%, up 0.7 points from a year earlier. Operating profit was $13.6M, a 27.7% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 27% margin then. Operating expenses grew 11% against revenue growth of 12%. The fastest-growing cost line was SG&A (+13%). Net earnings were $12.2M, up 9% year over year. The effective tax rate was 16.9%.
Operating cash flow was $11.6M (down 3% year over year), 96% of net earnings. Non-cash charges added back $496K of depreciation and amortization and $309K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $193K left free cash flow of $11.4M.
Questions
What was Napco Security Technologies' revenue in the first quarter fiscal 2026?
Napco Security Technologies (NSSC) reported revenue of $49.2M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -3% from the quarter before.
Was Napco Security Technologies profitable in the first quarter fiscal 2026?
Operating profit was $13.6M (27.7% of revenue) and net earnings $12.2M.