Filing Flows › Virco Manufacturing (VIRC) › Q1 FY26
Virco Manufacturing (VIRC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 6, 2025
Virco Manufacturing (VIRC) reported revenue of $33.8M for the first quarter fiscal 2026 (Q1 FY26), -28% from a year earlier and +19% from the quarter before. Operating margin was -0.3%, net earnings $732K (2.2% of revenue).
Virco Manufacturing, Q1 FY26: revenue $33.8M (-28% year over year), operating margin -0.3%, net earnings $732K, operating cash flow −$19.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.8M | +19% | -28% |
| Operating profit | −$94K | — | — |
| Net earnings | $732K | — | — |
| Operating cash flow | −$19.0M | — | — |
What changed
Revenue was $33.8M in Q1 FY26, down 28% year over year and up 19% from the previous quarter.
Gross margin was 47.5%, up 3.9 points from a year earlier. Operating costs exceeded revenue by $94K, an operating margin of -0.3%. Operating expenses fell 7% while revenue fell 28%. Net earnings were $732K, down 66% year over year. The effective tax rate was 26.4%. Non-operating items added $1.1M, 109% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$19.0M. Non-cash charges added back $1.5M of depreciation and amortization and $63K of share-based compensation. Working capital and other items used $21.4M. Capital expenditures of $2.4M exceeded it, leaving free cash flow of −$21.5M.
Questions
What was Virco Manufacturing's revenue in the first quarter fiscal 2026?
Virco Manufacturing (VIRC) reported revenue of $33.8M for the first quarter fiscal 2026 (Q1 FY26), -28% from a year earlier and +19% from the quarter before.
Was Virco Manufacturing profitable in the first quarter fiscal 2026?
Operating loss was $94K (-0.3% of revenue) and net earnings $732K.