IBEX | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 164.41 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q3, the actual value is USD 164.41 M, beating the estimate of USD 155.86 M.
EPS: As of FY2026 Q3, the actual value is USD 0.89.
EBIT: As of FY2026 Q3, the actual value is USD 16.34 M.
Third Quarter Fiscal Year 2026 (Ended March 31, 2026) Highlights
- Revenue: [IBEX Limited] reported record revenue of $164.4 million, an increase of 16.8% compared to $140.7 million in the prior year quarter. Revenue growth was broad-based across HealthTech (+53.7%), Technology (+42.6%), Travel, Transportation and Logistics (+15.1%), and Retail & E-commerce (+8.3%), along with continued growth in the digital acquisition business .
- Net Income: Net income increased by 27.3% to $13.3 million, up from $10.5 million in the prior year quarter. The net income margin increased to 8.1%, compared to 7.4% in the prior year quarter .
- Adjusted Net Income: Adjusted net income grew by 15.2% to $13.6 million, up from $11.8 million in the prior year quarter. The adjusted net income margin was 8.3%, a decrease of 10 basis points from 8.4% in the prior year quarter .
- Adjusted EBITDA: Adjusted EBITDA increased by 13.6% to $22.0 million, compared to $19.4 million in the prior year quarter. The adjusted EBITDA margin was 13.4%, a decrease of 40 basis points from 13.8% in the prior year quarter .
- Income from Operations: Income from operations was $16.156 million, compared to $13.329 million in the prior year quarter .
- Operating Costs: Total operating expenses were $148.251 million, comprising $115.614 million for cost of services, $27.467 million for selling, general and administrative expenses, and $5.170 million for depreciation and amortization .
- Capital Expenditures: Capital expenditures were $5.3 million, consistent with the prior year quarter .
- Cash Flow from Operating Activities: Cash flow from operating activities was $11.864 million, up from $8.828 million in the prior year quarter .
- Free Cash Flow: Free cash flow was $6.591 million, compared to $3.561 million in the prior year quarter .
- Share Repurchases: [IBEX Limited] repurchased 140,300 shares for $4.5 million during the quarter .
- Net Cash: Net cash stood at $14.018 million as of March 31, 2026, compared to $13.731 million as of June 30, 2025 .
Nine Months Fiscal Year 2026 (Ended March 31, 2026) Highlights
- Revenue: Revenue reached $479.8 million, an increase of 16.7% compared to $411.1 million in the prior year period .
- Net Income: Net income increased by 37.8% to $37.6 million, up from $27.3 million in the prior year period. The net income margin increased to 7.8%, compared to 6.6% in the prior year period .
- Adjusted Net Income: Adjusted net income grew by 29.8% to $39.5 million, up from $30.4 million in the prior year period. The adjusted net income margin was 8.2%, an increase of 80 basis points from 7.4% in the prior year period .
- Adjusted EBITDA: Adjusted EBITDA increased by 20.7% to $62.2 million, compared to $51.5 million in the prior year period. The adjusted EBITDA margin was 13.0%, an increase of 50 basis points from 12.5% in the prior year period .
- Income from Operations: Income from operations was $45.142 million, compared to $34.349 million in the prior year period .
- Operating Costs: Total operating expenses were $434.665 million, comprising $338.820 million for cost of services, $81.547 million for selling, general and administrative expenses, and $14.298 million for depreciation and amortization .
- Capital Expenditures: Capital expenditures were $24.644 million, up from $13.216 million in the prior year period .
- Cash Flow from Operating Activities: Cash flow from operating activities was $34.178 million, up from $17.731 million in the prior year period .
- Free Cash Flow: Free cash flow was $9.534 million, compared to $4.515 million in the prior year period .
Operational Highlights
- [IBEX Limited] announced a strategic partnership with Sierra.ai, an AI-powered customer experience platform, to integrate AI technology with its CX expertise, tech integration, and deep analytics . This partnership is expected to accelerate deal opportunities and enhance end-to-end customer experience solutions .
Fiscal Year 2026 Guidance
- [IBEX Limited] is raising its fiscal year 2026 guidance for the third time this year . Revenue is now expected to be in the range of $638 million to $642 million, and Adjusted EBITDA is projected to be between $82 million and $84 million . Capital expenditures are anticipated to be $25 million to $30 million, reflecting investments for increased demand in higher margin regions .
