Filing Flows › Smith & Wesson Brands (SWBI) › Q1 FY26
Smith & Wesson Brands (SWBI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 4, 2025
Smith & Wesson Brands (SWBI) reported revenue of $85.1M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -40% from the quarter before. Operating margin was -3.5%, net loss $3.4M (4.0% of revenue).
Smith & Wesson Brands, Q1 FY26: revenue $85.1M (-4% year over year), operating margin -3.5%, net loss $3.4M, operating cash flow −$8.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.1M | -40% | -4% |
| Operating profit | −$3.0M | -120% | — |
| Net earnings | −$3.4M | -135% | — |
| Operating cash flow | −$8.1M | -120% | — |
What changed
Revenue was $85.1M in Q1 FY26, down 4% year over year and down 40% from the previous quarter.
Gross margin was 25.9%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -3.5%. Operating expenses fell 3% while revenue fell 4%. The fastest-growing cost line was Research & development (+20%). The quarter ended with a net loss of $3.4M, after a profit of $9.7M the previous quarter.
Operating cash flow was −$8.1M. Non-cash charges added back $8.4M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $15.0M. Capital expenditures of $4.3M exceeded it, leaving free cash flow of −$12.4M.
Questions
What was Smith & Wesson Brands' revenue in the first quarter fiscal 2026?
Smith & Wesson Brands (SWBI) reported revenue of $85.1M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -40% from the quarter before.
Was Smith & Wesson Brands profitable in the first quarter fiscal 2026?
Operating loss was $3.0M (-3.5% of revenue) and net loss $3.4M.