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UMeWorld (UMEW) Q1 FY26 earnings results (first quarter fiscal 2026)

10-Q filed Feb 24, 2026

UMeWorld (UMEW) reported revenue of $147K for the first quarter fiscal 2026 (Q1 FY26), up 756-fold from a year earlier and up 116-fold from the quarter before. Operating margin was -94.1%, net loss $139K (94.1% of revenue).

Revenue$147K
Year over year756×
Quarter over quarter116×
Operating margin-94.1%
Net earnings−$139K

UMeWorld, Q1 FY26: revenue $147K (756× year over year), operating margin -94.1%, net loss $139K, operating cash flow −$93K. The chart follows the revenue to costs, profit and cash.

Q1 FY26AmountQ/QY/Y
Revenue$147K116×756×
Operating profit−$139K-151%—
Net earnings−$139K-156%—
Operating cash flow−$93K-182%—

What changed

Revenue was $147K in Q1 FY26, up 75518% year over year and up 11465% from the previous quarter.

Gross margin was 3.1%. Operating costs exceeded revenue by $139K, an operating margin of -94.1%. The quarter ended with a net loss of $139K, narrower than the previous quarter's $202K loss. Non-operating items added $139K, so the bottom line overstates operating performance.

Operating cash flow was −$93K. Working capital and other items added $45K.

Questions

What was UMeWorld's revenue in the first quarter fiscal 2026?

UMeWorld (UMEW) reported revenue of $147K for the first quarter fiscal 2026 (Q1 FY26), up 756-fold from a year earlier and up 116-fold from the quarter before.

Was UMeWorld profitable in the first quarter fiscal 2026?

Operating loss was $139K (-94.1% of revenue) and net loss $139K.

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Source: UMeWorld 10-Q on SEC EDGAR.