Filing Flows › REX American Resources (REX) › Q1 FY26
REX American Resources (REX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
REX American Resources (REX) reported revenue of $158M for the first quarter fiscal 2026 (Q1 FY26), -2% from a year earlier and +0.1% from the quarter before. Operating margin was 8.6%, net earnings $8.7M (5.5% of revenue).
REX American Resources, Q1 FY26: revenue $158M (-2% year over year), operating margin 8.6%, net earnings $8.7M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $158M | +0.1% | -2% |
| Gross profit | $14.3M | -18% | -0.8% |
| Operating profit | $13.6M | -24% | -15% |
| Net earnings | $8.7M | -22% | -29% |
| Operating cash flow | −$3.5M | -114% | — |
What changed
Revenue was $158.3M in Q1 FY26, down 2% year over year and roughly flat from the previous quarter. Ethanol was the largest line at 79% of revenue. Dried Distillers Grains lost $8.4M year over year (down 27%), 291% of the total change.
Gross margin was 9.1%, up 0.1 points from a year earlier. Operating profit was $13.6M, a 8.6% margin (down 1.3 points year over year). Net earnings were $8.7M, down 29% year over year. The effective tax rate was 21.7%.
Operating cash flow was −$3.5M. Non-cash charges added back $3.5M of depreciation and amortization and $394K of share-based compensation. Working capital and other items used $18.0M. Capital expenditures of $6.9M exceeded it, leaving free cash flow of −$10.4M.
Questions
What was REX American Resources' revenue in the first quarter fiscal 2026?
REX American Resources (REX) reported revenue of $158M for the first quarter fiscal 2026 (Q1 FY26), -2% from a year earlier and +0.1% from the quarter before.
Was REX American Resources profitable in the first quarter fiscal 2026?
Operating profit was $13.6M (8.6% of revenue) and net earnings $8.7M.