--- title: "Elmet | 8-K: FY2026 Q1 Revenue: USD 56.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/288065255.md" datetime: "2026-05-29T12:07:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288065255.md) - [en](https://longbridge.com/en/news/288065255.md) - [zh-HK](https://longbridge.com/zh-HK/news/288065255.md) --- # Elmet | 8-K: FY2026 Q1 Revenue: USD 56.01 M Revenue: As of FY2026 Q1, the actual value is USD 56.01 M. EPS: As of FY2026 Q1, the actual value is USD -0.02. EBIT: As of FY2026 Q1, the actual value is USD 5.612 M. ### First Quarter Fiscal Year 2026 Highlights #### Revenue Revenue for the first quarter of fiscal year 2026 increased 20.7% to approximately $56.0 million, compared to approximately $46.4 million in Q1 2025 . Revenue from the Critical Materials & Components (CMC) division increased approximately $9.1 million compared to Q1 2025, primarily driven by growth within the Aerospace, Defense & Government (ADG) end market . #### Gross Profit and Margin Gross profit margin improved 260 basis points to 21.2% of revenue in Q1 2026, up from 18.6% of revenue in Q1 2025 . Gross profit for the quarter was $11,848 thousand, compared to $8,611 thousand in Q1 2025 . #### Operating Income and Expenses Total operating expenses were $9,985 thousand in Q1 2026, compared to $5,753 thousand in Q1 2025 . Operating income was $1,863 thousand, compared to $2,858 thousand in Q1 2025 . #### Net Income (Loss) Net loss for Q1 2026 was - $0.3 million, compared to net income of $1.2 million in Q1 2025 . Adjusted net income for Q1 2026 was $4.7 million, compared to $1.9 million in Q1 2025 . #### Adjusted EBITDA Adjusted EBITDA increased to approximately $9.2 million, or 16.4% of revenue, in Q1 2026, compared to approximately $4.5 million, or 9.6% of revenue, in Q1 2025 . #### Open Order Backlog Open order backlog increased to approximately $113.3 million in Q1 2026, up from approximately $96.3 million at the end of Q4 2025 and approximately $74.7 million at the end of Q1 2025 . #### Strategic Investment Income The Elmet Group Co. recorded approximately $3.7 million in income related to a change in fair value and mark to market of its strategic investment in tungsten mining company EQ Resources Limited . ### Trailing Twelve Months Highlights #### Revenue Revenue for the trailing twelve months increased 4.8% to approximately $211.2 million, compared to $201.6 million for the 2025 fiscal year . #### Gross Profit Margin Gross profit margin improved 60 basis points to 20.9% of revenue for the trailing twelve months, compared to 20.3% for the 2025 fiscal year . #### Net Income (Loss) Net income decreased to approximately $4.0 million for the trailing twelve months, compared to $5.5 million for the 2025 fiscal year . Adjusted net income increased to approximately $16.2 million, compared to $13.4 million for the 2025 fiscal year . #### Adjusted EBITDA Adjusted EBITDA for the trailing twelve months increased approximately $5.2 million to $28.6 million, or 13.5% of revenue, compared to approximately $23.4 million, or 11.6% of revenue, for the 2025 fiscal year . ### Cash Flow from Operating Activities (Three Months Ended) Net cash provided by operating activities from continuing operations was $6,921 thousand for Q1 2026, compared to $8,233 thousand for Q1 2025 . Net cash provided by operating activities was $6,921 thousand for Q1 2026, compared to $5,305 thousand for Q1 2025 . ### Cash Flow from Investing Activities (Three Months Ended) Net cash used in investing activities from continuing operations was - $2,337 thousand for Q1 2026, compared to - $2,733 thousand for Q1 2025 . ### Cash Flow from Financing Activities (Three Months Ended) Net cash used in financing activities from continuing operations was - $4,473 thousand for Q1 2026, compared to - $6,448 thousand for Q1 2025 . ### Cash at End of Period Cash at the end of the period was $1,825 thousand for Q1 2026, compared to $2,806 thousand for Q1 2025 . ### Subsequent Events and Outlook Following Q1 2026, The Elmet Group Co. completed an upsized IPO, raising approximately $125.5 million in net proceeds . The company subsequently retired $17.8 million in term debt and paid $8.3 million in transaction-related stock appreciation rights costs, resulting in $99.4 million cash on hand from the proceeds . Management views the operating environment as highly favorable due to strong demand for critical materials, increasing defense spending, and ongoing supply chain realignment, positioning the company to meet demand and expand its role as a trusted supplier . The company’s recent performance, record backlog, and fortified balance sheet are expected to support opportunistic investments for long-term competitive positioning . ### Related Stocks - [ELMT.US](https://longbridge.com/en/quote/ELMT.US.md) ## Related News & Research - [Elmet Shares Jump After Unit Gets $4.3 Million DoD Contract](https://longbridge.com/en/news/289622671.md) - [Factorial Files Super 8-K Containing Q1 2026 Financial Results | FAC Stock News](https://longbridge.com/en/news/289602927.md) - [Summit Therapeutics withdraws proposed underwritten offering citing market conditions](https://longbridge.com/en/news/289460448.md) - [07:56 ETAM General Focuses on Future Driven Capabilities at Eurosatory 2026](https://longbridge.com/en/news/289460797.md) - [Tyson Foods recasts prior-period segment results, adds International as reportable segment](https://longbridge.com/en/news/289182470.md)