Filing Flows › Transcat (TRNS) › Q4 FY26
Transcat (TRNS) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 27, 2026
Transcat (TRNS) reported revenue of $89.3M for the fourth quarter fiscal 2026 (Q4 FY26), +16% from a year earlier and +7% from the quarter before. Operating margin was 4.8%, net earnings $1.9M (2.2% of revenue).
Transcat, Q4 FY26: revenue $89.3M (+16% year over year), operating margin 4.8%, net earnings $1.9M, operating cash flow $6.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $89.3M | +7% | +16% |
| Gross profit | $30.5M | +21% | +18% |
| Operating profit | $4.3M | 49× | -38% |
| Net earnings | $1.9M | — | -56% |
| Operating cash flow | $6.2M | -49% | -42% |
| Free cash flow | $2.6M | -72% | -67% |
What changed
Revenue was $89.3M in Q4 FY26, up 16% year over year and up 7% from the previous quarter. Service was the largest line at 69% of revenue.
Gross margin was 34.1%, up 0.5 points from Q4 FY25. Operating profit was $4.3M, a 4.8% margin (down 4.1 points year over year). Operating profit fell $2.6M even though revenue rose $12.2M versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 38% against revenue growth of 16%. The fastest-growing cost line was General & admin (+53%). Net earnings were $1.9M, down 56% year over year. The effective tax rate was 31.3%.
Operating cash flow was $6.2M (down 42% year over year), 318% of net earnings. Non-cash charges added back $7.0M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $3.6M left free cash flow of $2.6M.
Questions
What was Transcat's revenue in the fourth quarter fiscal 2026?
Transcat (TRNS) reported revenue of $89.3M for the fourth quarter fiscal 2026 (Q4 FY26), +16% from a year earlier and +7% from the quarter before.
Was Transcat profitable in the fourth quarter fiscal 2026?
Operating profit was $4.3M (4.8% of revenue) and net earnings $1.9M.
Source: Transcat 10-K on SEC EDGAR.