Filing Flows › Resources Connection (RGP) › Q2 FY26
Resources Connection (RGP) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 8, 2026
Resources Connection (RGP) reported revenue of $118M for the second quarter fiscal 2026 (Q2 FY26), -19% from a year earlier and -2% from the quarter before. Operating margin was -10.3%, net loss $12.7M (10.8% of revenue).
Resources Connection, Q2 FY26: revenue $118M (-19% year over year), operating margin -10.3%, net loss $12.7M, operating cash flow $15.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | -2% | -19% |
| Operating profit | −$12.2M | — | — |
| Net earnings | −$12.7M | — | — |
| Operating cash flow | $15.9M | — | +783% |
| Free cash flow | $15.6M | — | 255× |
What changed
Revenue was $117.7M in Q2 FY26, down 19% year over year and down 2% from the previous quarter.
Gross margin was 37.1%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $12.2M, an operating margin of -10.3%. Operating expenses fell 58% while revenue fell 19%. The quarter ended with a net loss of $12.7M, wider than the previous quarter's $2.4M loss.
Operating cash flow was $15.9M (up 783% year over year). Non-cash charges added back $1.5M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $22.4M. Capital expenditures of $321K left free cash flow of $15.6M.
Questions
What was Resources Connection's revenue in the second quarter fiscal 2026?
Resources Connection (RGP) reported revenue of $118M for the second quarter fiscal 2026 (Q2 FY26), -19% from a year earlier and -2% from the quarter before.
Was Resources Connection profitable in the second quarter fiscal 2026?
Operating loss was $12.2M (-10.3% of revenue) and net loss $12.7M.