Filing Flows › Tilly's (TLYS) › Q2 FY26
Tilly's (TLYS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 4, 2025
Tilly's (TLYS) reported revenue of $151M for the second quarter fiscal 2026 (Q2 FY26), -7% from a year earlier and +41% from the quarter before. Operating margin was 1.8%, net earnings $3.2M (2.1% of revenue).
Tilly's, Q2 FY26: revenue $151M (-7% year over year), operating margin 1.8%, net earnings $3.2M, operating cash flow $14.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +41% | -7% |
| Gross profit | $49.1M | +131% | -2% |
| Operating profit | $2.7M | — | — |
| Net earnings | $3.2M | — | — |
| Operating cash flow | $14.0M | — | +33% |
| Free cash flow | $13.4M | — | +68% |
What changed
Revenue was $151.3M in Q2 FY26, down 7% year over year and up 41% from the previous quarter. Retail stores was the largest line at 81% of revenue. Retail stores lost $9.6M year over year (down 7%), 83% of the total change.
Gross margin was 32.5%, up 1.8 points from a year earlier. Operating profit was $2.7M, a 1.8% margin (up 2.3 points year over year). Operating expenses fell 9% while revenue fell 7%. Net earnings were $3.2M. The effective tax rate was -1.3%.
Operating cash flow was $14.0M (up 33% year over year), 441% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $379K of share-based compensation. Working capital and other items added $7.6M. Capital expenditures of $529K left free cash flow of $13.4M.
Questions
What was Tilly's revenue in the second quarter fiscal 2026?
Tilly's (TLYS) reported revenue of $151M for the second quarter fiscal 2026 (Q2 FY26), -7% from a year earlier and +41% from the quarter before.
Was Tilly's profitable in the second quarter fiscal 2026?
Operating profit was $2.7M (1.8% of revenue) and net earnings $3.2M.
Source: Tilly's 10-Q on SEC EDGAR.