Filing Flows › Resources Connection (RGP) › Q1 FY26
Resources Connection (RGP) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 8, 2025
Resources Connection (RGP) reported revenue of $120M for the first quarter fiscal 2026 (Q1 FY26), -12% from a year earlier and -14% from the quarter before. Operating margin was -1.7%, net loss $2.4M (2.0% of revenue).
Resources Connection, Q1 FY26: revenue $120M (-12% year over year), operating margin -1.7%, net loss $2.4M, operating cash flow −$7.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | -14% | -12% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | −$7.8M | -147% | — |
What changed
Revenue was $120.2M in Q1 FY26, down 12% year over year and down 14% from the previous quarter.
Gross margin was 39.5%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -1.7%. Operating expenses fell 10% while revenue fell 12%. The quarter ended with a net loss of $2.4M, narrower than the previous quarter's $73.3M loss.
Operating cash flow was −$7.8M. Non-cash charges added back $1.5M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $121K exceeded it, leaving free cash flow of −$8.0M.
Questions
What was Resources Connection's revenue in the first quarter fiscal 2026?
Resources Connection (RGP) reported revenue of $120M for the first quarter fiscal 2026 (Q1 FY26), -12% from a year earlier and -14% from the quarter before.
Was Resources Connection profitable in the first quarter fiscal 2026?
Operating loss was $2.0M (-1.7% of revenue) and net loss $2.4M.