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Universal Technical Institute (UTI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
Universal Technical Institute (UTI) reported revenue of $221M for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and -0.7% from the quarter before. Operating margin was 7.1%, net earnings $12.8M (5.8% of revenue).
Universal Technical Institute, Q1 FY26: revenue $221M (+10% year over year), operating margin 7.1%, net earnings $12.8M, operating cash flow $3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | -0.7% | +10% |
| Operating profit | $15.7M | -37% | -43% |
| Net earnings | $12.8M | -32% | -42% |
| Operating cash flow | $3.1M | -95% | -87% |
What changed
Revenue was $220.8M in Q1 FY26, up 10% year over year and down 1% from the previous quarter.
Operating profit was $15.7M, a 7.1% margin (down 6.5 points year over year). Operating profit fell $11.8M even though revenue rose $19.4M versus a year earlier, so costs grew faster than sales. Total costs grew 18% against revenue growth of 10%. The fastest-growing cost line was SG&A (+28%). Net earnings were $12.8M, down 42% year over year. The effective tax rate was 20.9%.
Operating cash flow was $3.1M (down 87% year over year), 24% of net earnings. Non-cash charges added back $8.9M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $21.2M. Capital expenditures of $22.2M exceeded it, leaving free cash flow of −$19.2M.
Questions
What was Universal Technical Institute's revenue in the first quarter fiscal 2026?
Universal Technical Institute (UTI) reported revenue of $221M for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and -0.7% from the quarter before.
Was Universal Technical Institute profitable in the first quarter fiscal 2026?
Operating profit was $15.7M (7.1% of revenue) and net earnings $12.8M.