Filing Flows › Trio Petroleum (TPET) › Q1 FY26
Trio Petroleum (TPET) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 17, 2026
Trio Petroleum (TPET) reported revenue of $122K for the first quarter fiscal 2026 (Q1 FY26), up 11-fold from a year earlier and -29% from the quarter before. Operating margin was -658.3%, net loss $1.0M (828.7% of revenue).
Trio Petroleum, Q1 FY26: revenue $122K (11× year over year), operating margin -658.3%, net loss $1.0M, operating cash flow −$534K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122K | -29% | 11× |
| Operating profit | −$804K | — | — |
| Net earnings | −$1.0M | — | — |
| Operating cash flow | −$534K | — | — |
What changed
Revenue was $122K in Q1 FY26, up 1029% year over year and down 29% from the previous quarter.
Gross margin was 44.0%, down 56.0 points from a year earlier. Operating costs exceeded revenue by $804K, an operating margin of -658.3%. Operating expenses fell 30% while revenue rose 1029%. The quarter ended with a net loss of $1.0M, narrower than the previous quarter's $2.7M loss.
Operating cash flow was −$534K. Non-cash charges added back $85K of share-based compensation. Working capital and other items added $394K. Capital expenditures of $55K exceeded it, leaving free cash flow of −$589K.
Questions
What was Trio Petroleum's revenue in the first quarter fiscal 2026?
Trio Petroleum (TPET) reported revenue of $122K for the first quarter fiscal 2026 (Q1 FY26), up 11-fold from a year earlier and -29% from the quarter before.
Was Trio Petroleum profitable in the first quarter fiscal 2026?
Operating loss was $804K (-658.3% of revenue) and net loss $1.0M.
Source: Trio Petroleum 10-Q on SEC EDGAR.