Filing Flows › Pyxus International (PYYX) › Q3 FY26
Pyxus International (PYYX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 11, 2026
Pyxus International (PYYX) reported revenue of $656M for the third quarter fiscal 2026 (Q3 FY26), -16% from a year earlier and +15% from the quarter before. Operating margin was 7.8%, net earnings $17.2M (2.6% of revenue).
Pyxus International, Q3 FY26: revenue $656M (-16% year over year), operating margin 7.8%, net earnings $17.2M, operating cash flow $62.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $656M | +15% | -16% |
| Gross profit | $99.9M | +14% | -14% |
| Operating profit | $51.3M | +10% | -22% |
| Net earnings | $17.2M | — | -12% |
| Operating cash flow | $62.4M | — | -43% |
| Free cash flow | $56.3M | — | -45% |
What changed
Revenue was $655.8M in Q3 FY26, down 16% year over year and up 15% from the previous quarter. Leaf was the largest line at 99% of revenue. Leaf lost $122.9M year over year (down 16%), 100% of the total change.
Gross margin was 15.2%, up 0.3 points from a year earlier. Operating profit was $51.3M, a 7.8% margin (down 0.7 points year over year). Operating expenses fell 3% while revenue fell 16%. The fastest-growing cost line was Other operating costs (+168%). Net earnings were $16.9M, down 11% year over year. The effective tax rate was 37.5%.
Operating cash flow was $62.4M (down 43% year over year), 363% of net earnings. Non-cash charges added back $5.3M of depreciation and amortization and $272K of share-based compensation. Working capital and other items added $39.6M. Capital expenditures of $6.0M left free cash flow of $56.3M.
Questions
What was Pyxus International's revenue in the third quarter fiscal 2026?
Pyxus International (PYYX) reported revenue of $656M for the third quarter fiscal 2026 (Q3 FY26), -16% from a year earlier and +15% from the quarter before.
Was Pyxus International profitable in the third quarter fiscal 2026?
Operating profit was $51.3M (7.8% of revenue) and net earnings $17.2M.