Filing Flows › REX American Resources (REX) › Q4 FY26
REX American Resources (REX) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 30, 2026
REX American Resources (REX) reported revenue of $158M for the fourth quarter fiscal 2026 (Q4 FY26), -0.2% from a year earlier and -10% from the quarter before. Operating margin was 17.3%, net earnings $43.7M (27.7% of revenue).
REX American Resources, Q4 FY26: revenue $158M (-0.2% year over year), operating margin 17.3%, net earnings $43.7M, operating cash flow $53.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $158M | -10% | -0.2% |
| Gross profit | $28.9M | -20% | +65% |
| Operating profit | $27.4M | -23% | +53% |
| Net earnings | $43.7M | +87% | +294% |
| Operating cash flow | $53.8M | +5% | +114% |
| Free cash flow | $41.0M | +67% | +346% |
What changed
Revenue was $158.0M in Q4 FY26, roughly flat year over year and down 10% from the previous quarter. Ethanol was the largest line at 76% of revenue.
Gross margin was 18.3%, up 7.2 points from Q4 FY25. Operating profit was $27.4M, a 17.3% margin (up 6.0 points year over year). Net earnings were $43.7M, up 294% year over year. The effective tax rate was -73.8%.
Operating cash flow was $53.8M (up 114% year over year), 113% of net income including minority interests. Non-cash charges added back $4.3M of depreciation and amortization and $569K of share-based compensation. Capital expenditures of $12.8M left free cash flow of $41.0M.
Questions
What was REX American Resources' revenue in the fourth quarter fiscal 2026?
REX American Resources (REX) reported revenue of $158M for the fourth quarter fiscal 2026 (Q4 FY26), -0.2% from a year earlier and -10% from the quarter before.
Was REX American Resources profitable in the fourth quarter fiscal 2026?
Operating profit was $27.4M (17.3% of revenue) and net earnings $43.7M.