Filing Flows › Tilly's (TLYS) › Q3 FY26
Tilly's (TLYS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 4, 2025
Tilly's (TLYS) reported revenue of $140M for the third quarter fiscal 2026 (Q3 FY26), -3% from a year earlier and -8% from the quarter before. Operating margin was -1.4%, net loss $1.4M (1.0% of revenue).
Tilly's, Q3 FY26: revenue $140M (-3% year over year), operating margin -1.4%, net loss $1.4M, operating cash flow −$10.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $140M | -8% | -3% |
| Operating profit | −$1.9M | -172% | — |
| Net earnings | −$1.4M | -144% | — |
| Operating cash flow | −$10.4M | -174% | — |
What changed
Revenue was $139.6M in Q3 FY26, down 3% year over year and down 8% from the previous quarter. Retail stores was the largest line at 79% of revenue. E-com lost $2.9M year over year (down 9%), 75% of the total change.
Gross margin was 30.5%, up 4.6 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -1.4%. Operating expenses fell 13% while revenue fell 3%. The quarter ended with a net loss of $1.4M, after a profit of $3.2M the previous quarter. Non-operating items added $536K, -39% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$10.4M. Non-cash charges added back $2.5M of depreciation and amortization and $524K of share-based compensation. Working capital and other items used $12.0M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$11.7M.
Questions
What was Tilly's revenue in the third quarter fiscal 2026?
Tilly's (TLYS) reported revenue of $140M for the third quarter fiscal 2026 (Q3 FY26), -3% from a year earlier and -8% from the quarter before.
Was Tilly's profitable in the third quarter fiscal 2026?
Operating loss was $1.9M (-1.4% of revenue) and net loss $1.4M.
Source: Tilly's 10-Q on SEC EDGAR.