Filing Flows › Optex Systems Holdings (OPXS) › Q1 FY26
Optex Systems Holdings (OPXS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 11, 2026
Optex Systems Holdings (OPXS) reported revenue of $9.1M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -19% from the quarter before. Operating margin was 1.6%, net earnings $242K (2.6% of revenue).
Optex Systems Holdings, Q1 FY26: revenue $9.1M (+12% year over year), operating margin 1.6%, net earnings $242K, operating cash flow −$92K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | -19% | +12% |
| Gross profit | $2.1M | -38% | -2% |
| Operating profit | $149K | -93% | -84% |
| Net earnings | $242K | -76% | -71% |
| Operating cash flow | −$92K | -106% | — |
What changed
Revenue was $9.1M in Q1 FY26, up 12% year over year and down 19% from the previous quarter.
Gross margin was 22.9%, down 3.0 points from a year earlier. Operating profit was $149K, a 1.6% margin (down 9.5 points year over year). Operating profit fell $767K even though revenue rose $947K versus a year earlier, so costs grew faster than sales. Operating expenses grew 61% against revenue growth of 12%. Net earnings were $242K, down 71% year over year. The effective tax rate was -22.8%. Non-operating items added $48K, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$92K. Non-cash charges added back $90K of depreciation and amortization and $212K of share-based compensation. Working capital and other items used $636K. Capital expenditures of $456K exceeded it, leaving free cash flow of −$548K.
Questions
What was Optex Systems Holdings' revenue in the first quarter fiscal 2026?
Optex Systems Holdings (OPXS) reported revenue of $9.1M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -19% from the quarter before.
Was Optex Systems Holdings profitable in the first quarter fiscal 2026?
Operating profit was $149K (1.6% of revenue) and net earnings $242K.