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VIP Play (VIPZ) Q2 FY26 earnings results (second quarter fiscal 2026)

10-Q filed Feb 17, 2026

VIP Play (VIPZ) reported revenue of $72K for the second quarter fiscal 2026 (Q2 FY26), +227% from a year earlier and up 14-fold from the quarter before.

Revenue$72K
Year over year+227%
Quarter over quarter14×
Operating margin—
Net earnings$7.8M

VIP Play, Q2 FY26: revenue $72K (+227% year over year), net earnings $7.8M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.

Q2 FY26AmountQ/QY/Y
Revenue$72K14×+227%
Operating profit−$2.4M——
Net earnings$7.8M——
Operating cash flow−$2.5M——

What changed

Revenue was $72K in Q2 FY26, up 227% year over year and up 1340% from the previous quarter.

Operating costs exceeded revenue by $2.4M, an operating margin of -3320.8%. Total costs fell 71% while revenue rose 227%. The fastest-growing cost line was Cost of revenue (+147%). Net earnings were $7.8M. The effective tax rate was 0.0%. Non-operating items added $10.2M, 131% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$2.5M. Non-cash charges added back $105K of depreciation and amortization. Working capital and other items used $10.4M.

Questions

What was VIP Play's revenue in the second quarter fiscal 2026?

VIP Play (VIPZ) reported revenue of $72K for the second quarter fiscal 2026 (Q2 FY26), +227% from a year earlier and up 14-fold from the quarter before.

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Source: VIP Play 10-Q on SEC EDGAR.