Filing Flows › REX American Resources (REX) › Q1 FY27
REX American Resources (REX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 2, 2026
REX American Resources (REX) reported revenue of $156M for the first quarter fiscal 2027 (Q1 FY27), -1% from a year earlier and -0.9% from the quarter before. Operating margin was 16.7%, net earnings $18.5M (11.8% of revenue).
REX American Resources, Q1 FY27: revenue $156M (-1% year over year), operating margin 16.7%, net earnings $18.5M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $156M | -0.9% | -1% |
| Gross profit | $29.1M | -52% | +103% |
| Operating profit | $26.1M | -53% | +92% |
| Net earnings | $18.5M | -58% | +113% |
| Operating cash flow | −$2.1M | -104% | — |
What changed
Revenue was $156.5M in Q1 FY27, down 1% year over year and down 1% from the previous quarter. Ethanol was the largest line at 77% of revenue. Ethanol lost $4.5M year over year (down 4%), 245% of the total change.
Gross margin was 18.6%, up 9.5 points from Q1 FY26. Operating profit was $26.1M, a 16.7% margin (up 8.1 points year over year). Operating expenses grew 313% against a revenue fall of 1%. Net earnings were $18.5M, up 113% year over year. The effective tax rate was 17.0%.
Operating cash flow was −$2.1M. Non-cash charges added back $4.5M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $30.6M. Capital expenditures of $11.6M exceeded it, leaving free cash flow of −$13.7M.
Questions
What was REX American Resources' revenue in the first quarter fiscal 2027?
REX American Resources (REX) reported revenue of $156M for the first quarter fiscal 2027 (Q1 FY27), -1% from a year earlier and -0.9% from the quarter before.
Was REX American Resources profitable in the first quarter fiscal 2027?
Operating profit was $26.1M (16.7% of revenue) and net earnings $18.5M.