Filing Flows › Pyxus International (PYYX) › Q1 FY26
Pyxus International (PYYX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 6, 2025
Pyxus International (PYYX) reported revenue of $509M for the first quarter fiscal 2026 (Q1 FY26), -20% from a year earlier and +1% from the quarter before. Operating margin was 4.1%, net loss $15.3M (3.0% of revenue).
Pyxus International, Q1 FY26: revenue $509M (-20% year over year), operating margin 4.1%, net loss $15.3M, operating cash flow −$495M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $509M | +1% | -20% |
| Operating profit | $21.0M | +53% | — |
| Net earnings | −$15.3M | — | — |
| Operating cash flow | −$495M | -413% | — |
What changed
Revenue was $508.8M in Q1 FY26, down 20% year over year and up 1% from the previous quarter. Leaf was the largest line at 100% of revenue. Leaf lost $122.5M year over year (down 19%), 97% of the total change.
Gross margin was 12.9%, down 0.3 points from a year earlier. Operating profit was $21.0M, a 4.1% margin (down 2.2 points year over year). Operating expenses grew 3% against a revenue fall of 20%. The fastest-growing cost line was Other operating costs (+56%). The quarter ended with a net loss of $15.3M, wider than the previous quarter's $4.6M loss. Net interest and other expense of $31.0M was the main reason.
Operating cash flow was −$495.3M. Non-cash charges added back $5.2M of depreciation and amortization and $237K of share-based compensation. Working capital and other items used $485.4M. Capital expenditures of $4.3M exceeded it, leaving free cash flow of −$499.6M.
Questions
What was Pyxus International's revenue in the first quarter fiscal 2026?
Pyxus International (PYYX) reported revenue of $509M for the first quarter fiscal 2026 (Q1 FY26), -20% from a year earlier and +1% from the quarter before.
Was Pyxus International profitable in the first quarter fiscal 2026?
Operating profit was $21.0M (4.1% of revenue) and net loss $15.3M.