Filing Flows › Pyxus International (PYYX) › Q2 FY26
Pyxus International (PYYX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 12, 2025
Pyxus International (PYYX) reported revenue of $570M for the second quarter fiscal 2026 (Q2 FY26), +0.7% from a year earlier and +12% from the quarter before. Operating margin was 8.2%, net loss $902K (0.2% of revenue).
Pyxus International, Q2 FY26: revenue $570M (+0.7% year over year), operating margin 8.2%, net loss $902K, operating cash flow −$85.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $570M | +12% | +0.7% |
| Operating profit | $46.7M | +123% | — |
| Net earnings | −$902K | — | — |
| Operating cash flow | −$85.6M | — | — |
What changed
Revenue was $570.2M in Q2 FY26, up 1% year over year and up 12% from the previous quarter. Leaf was the largest line at 99% of revenue. Leaf added $2.5M year over year (roughly flat), 65% of the total change.
Gross margin was 15.4%, up 2.1 points from a year earlier. Operating profit was $46.7M, a 8.2% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 357% reached operating profit, above the 6% margin then. Operating expenses fell 3% while revenue rose 1%. The quarter ended with a net loss of $902K, narrower than the previous quarter's $15.3M loss. Net interest and other expense of $37.3M was the main reason.
Operating cash flow was −$85.6M. Non-cash charges added back $5.2M of depreciation and amortization and $256K of share-based compensation. Working capital and other items used $90.2M. Capital expenditures of $6.2M exceeded it, leaving free cash flow of −$91.9M.
Questions
What was Pyxus International's revenue in the second quarter fiscal 2026?
Pyxus International (PYYX) reported revenue of $570M for the second quarter fiscal 2026 (Q2 FY26), +0.7% from a year earlier and +12% from the quarter before.
Was Pyxus International profitable in the second quarter fiscal 2026?
Operating profit was $46.7M (8.2% of revenue) and net loss $902K.