Filing Flows › Surge Components (SPRS) › Q1 FY26
Surge Components (SPRS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Apr 14, 2026
Surge Components (SPRS) reported revenue of $8.2M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -17% from the quarter before. Operating margin was -1.9%, net loss $34K (0.4% of revenue).
Surge Components, Q1 FY26: revenue $8.2M (+13% year over year), operating margin -1.9%, net loss $34K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.2M | -17% | +13% |
| Operating profit | −$158K | -129% | — |
| Net earnings | −$34K | -107% | -160% |
| Operating cash flow | $1.1M | +49% | — |
What changed
Revenue was $8.2M in Q1 FY26, up 13% year over year and down 17% from the previous quarter.
Gross margin was 29.4%, up 1.1 points from Q1 FY25. Operating costs exceeded revenue by $158K, an operating margin of -1.9%. Operating expenses grew 25% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+28%). The quarter ended with a net loss of $34K, after a profit of $489K the previous quarter. Non-operating items added $104K, -195% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.1M. Non-cash charges added back $11K of depreciation and amortization and $19K of share-based compensation. Working capital and other items added $1.1M.
Questions
What was Surge Components' revenue in the first quarter fiscal 2026?
Surge Components (SPRS) reported revenue of $8.2M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -17% from the quarter before.
Was Surge Components profitable in the first quarter fiscal 2026?
Operating loss was $158K (-1.9% of revenue) and net loss $34K.
Source: Surge Components 10-Q on SEC EDGAR.