Filing Flows › Transcat (TRNS) › Q3 FY26
Transcat (TRNS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 3, 2026
Transcat (TRNS) reported revenue of $83.9M for the third quarter fiscal 2026 (Q3 FY26), +26% from a year earlier and +2% from the quarter before. Operating margin was 0.1%, net loss $1.1M (1.3% of revenue).
Transcat, Q3 FY26: revenue $83.9M (+26% year over year), operating margin 0.1%, net loss $1.1M, operating cash flow $12.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.9M | +2% | +26% |
| Operating profit | $88K | -97% | — |
| Net earnings | −$1.1M | -187% | — |
| Operating cash flow | $12.1M | -6% | -4% |
| Free cash flow | $9.5M | +12% | -3% |
What changed
Revenue was $83.9M in Q3 FY26, up 26% year over year and up 2% from the previous quarter. Service was the largest line at 64% of revenue. Service added $12.1M year over year (up 29%), 71% of the total change.
Gross margin was 30.1%, up 0.6 points from a year earlier. Operating profit was $88K, a 0.1% margin (down 3.0 points year over year). Operating profit fell $2.0M even though revenue rose $17.1M versus a year earlier, so costs grew faster than sales. Operating expenses grew 43% against revenue growth of 26%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $1.1M, after a profit of $1.3M the previous quarter. Net interest and other expense of $1.5M was the main reason.
Operating cash flow was $12.1M (down 4% year over year). Non-cash charges added back $7.1M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $2.7M left free cash flow of $9.5M.
Questions
What was Transcat's revenue in the third quarter fiscal 2026?
Transcat (TRNS) reported revenue of $83.9M for the third quarter fiscal 2026 (Q3 FY26), +26% from a year earlier and +2% from the quarter before.
Was Transcat profitable in the third quarter fiscal 2026?
Operating profit was $88K (0.1% of revenue) and net loss $1.1M.
Source: Transcat 10-Q on SEC EDGAR.