Filing Flows › Tilly's (TLYS) › Q1 FY26
Tilly's (TLYS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 5, 2025
Tilly's (TLYS) reported revenue of $108M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -27% from the quarter before. Operating margin was -21.1%, net loss $22.2M (20.6% of revenue).
Tilly's, Q1 FY26: revenue $108M (-7% year over year), operating margin -21.1%, net loss $22.2M, operating cash flow −$8.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108M | -27% | -7% |
| Operating profit | −$22.7M | — | — |
| Net earnings | −$22.2M | — | — |
| Operating cash flow | −$8.1M | — | — |
What changed
Revenue was $107.6M in Q1 FY26, down 7% year over year and down 27% from the previous quarter. Retail stores was the largest line at 80% of revenue. Retail stores lost $6.9M year over year (down 7%), 84% of the total change.
Gross margin was 19.8%, down 1.2 points from a year earlier. Operating costs exceeded revenue by $22.7M, an operating margin of -21.1%. Operating expenses fell 2% while revenue fell 7%. The quarter ended with a net loss of $22.2M, wider than the previous quarter's $13.7M loss.
Operating cash flow was −$8.1M. Non-cash charges added back $2.8M of depreciation and amortization and $440K of share-based compensation. Working capital and other items added $10.8M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$9.6M.
Questions
What was Tilly's revenue in the first quarter fiscal 2026?
Tilly's (TLYS) reported revenue of $108M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -27% from the quarter before.
Was Tilly's profitable in the first quarter fiscal 2026?
Operating loss was $22.7M (-21.1% of revenue) and net loss $22.2M.
Source: Tilly's 10-Q on SEC EDGAR.