Filing Flows › Valor Energy (VAI) › Q2 FY26
Valor Energy (VAI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 19, 2025
Valor Energy (VAI) reported revenue of $936K for the second quarter fiscal 2026 (Q2 FY26), +26% from a year earlier and +9% from the quarter before. Operating margin was -81.0%, net loss $724K (77.3% of revenue).
Valor Energy, Q2 FY26: revenue $936K (+26% year over year), operating margin -81.0%, net loss $724K, operating cash flow −$71K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $936K | +9% | +26% |
| Operating profit | −$758K | — | — |
| Net earnings | −$724K | — | — |
| Operating cash flow | −$71K | — | — |
What changed
Revenue was $936K in Q2 FY26, up 26% year over year and up 9% from the previous quarter. Operating Lease Revenues From Automobile Rentals was the largest line at 80% of revenue. Operating Lease Revenues From Automobile Rentals added $163K year over year (up 28%), 86% of the total change. Other Service Fees declined 74%.
Gross margin was 29.3%, up 16.3 points from a year earlier. Operating costs exceeded revenue by $758K, an operating margin of -81.0%. Operating expenses grew 45% against revenue growth of 26%. The fastest-growing cost line was SG&A (+71%). The quarter ended with a net loss of $724K, wider than the previous quarter's $276K loss. Minority interests bore $75K of it: to shareholders the quarter was a loss of $649K.
Operating cash flow was −$71K. Non-cash charges added back $220K of depreciation and amortization. Working capital and other items added $432K.
Questions
What was Valor Energy's revenue in the second quarter fiscal 2026?
Valor Energy (VAI) reported revenue of $936K for the second quarter fiscal 2026 (Q2 FY26), +26% from a year earlier and +9% from the quarter before.
Was Valor Energy profitable in the second quarter fiscal 2026?
Operating loss was $758K (-81.0% of revenue) and net loss $724K.
Source: Valor Energy 10-Q on SEC EDGAR.