Cemtrex Reports Preliminary Fourth Quarter and Fiscal Year 2026 Results

Quarterly profitability returned, but full-year operating results swung to a loss despite three completed acquisitions.

Rhea-AI Summary

Cemtrex (Nasdaq: CETX) reported preliminary fourth-quarter fiscal 2026 revenue of $22.7 million, up 22% from the prior-year quarter. Revenue rose 23% sequentially, and gross margin reached 46.3%, versus 38.0% a year earlier. Operating income was $1.4 million, versus a $1.2 million loss, while net income attributable to stockholders was $1.7 million, versus a $3.4 million loss.

For the year ended September 30, 2026, revenue fell to $75.3 million from $76.5 million, and operating results swung to a $4.8 million loss from $0.5 million income. Security's quarterly results included approximately $0.8 million in tariff refunds; consolidated operating income included a $0.5 million non-cash acquisition-related gain. Cemtrex completed three acquisitions during the year. The unaudited results remain subject to year-end procedures and potentially material adjustments.

18 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 12 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQ4 revenue of $22.7 million increased 22% year-over-year and 23% sequentially.
• Moderate pointQ4 gross margin reached 46.3%, versus 38.0% a year earlier and 41.7% in Q3.
• Moderate pointQ4 operating income of $1.4 million reversed $1.2 million losses in both comparison quarters.
• Moderate pointQ4 stockholder net income of $1.7 million reversed losses of $3.4 million year-over-year and $4.5 million sequentially.
• Moderate pointFiscal 2026 stockholder net loss narrowed to $22.4 million from $28.1 million in fiscal 2025.
• Moderate pointThree acquisitions completed: Invocon in January, Richland Industrial in February, and Plant Engineering Services in July.
• Moderate pointWorking capital increased to $10.6 million from $5.2 million at the prior fiscal year-end.
• Moderate pointCash, restricted cash and short-term investments reached $8.2 million, versus $6.4 million a year earlier.
• Moderate pointStockholders' equity rose to $35.7 million from $8.7 million at the prior fiscal year-end.
• Moderate pointWarrant liabilities declined to $2.8 million from $8.7 million at the prior fiscal year-end.

8 minor points

• Minor pointQ4 Operating EBITDA of $1.9 million, a non-GAAP measure, reversed year-earlier and sequential losses of $0.8 million and $0.6 million.
• Minor pointSecurity Q4 revenue of $10.8 million rose 28% year-over-year and 71% sequentially.
• Minor pointSecurity Q4 operating income reached $2.3 million, versus a $0.3 million Q3 loss; excluding tariff refunds, approximately $1.5 million.
• Minor pointIndustrial Services Q4 revenue of $10.8 million increased 6% year-over-year.
• Minor pointIndustrial Services Q4 operating income of $0.2 million reversed a $0.7 million Q3 loss.
• Minor pointIndustrial Services annual revenue increased 11% to $42.4 million; segment operating income was $1.6 million.
• Minor pointPlant Engineering Services contributed $1.2 million revenue in its first quarter, at approximately breakeven.
• Minor pointAerospace & Defense generated $4.5 million revenue and $0.4 million operating income from acquisition through September 30.

Negative

• Moderate pointFiscal 2026 revenue fell to $75.3 million from $76.5 million, which included a $10.4 million Security sale.
• Moderate pointFiscal 2026 operating loss was $4.8 million, versus $0.5 million operating income in fiscal 2025.
• Moderate pointTotal debt increased to $15.3 million from $13.5 million at the prior fiscal year-end.
• Moderate pointAdditional Industrial Services acquisition remains under letter of intent, rather than completed.
• Minor pointFiscal 2026 Operating EBITDA was negative $2.8 million, versus positive $1.9 million in fiscal 2025.

7 minor points

• Minor pointFiscal 2026 gross margin declined to 40.7% from 42.2% in fiscal 2025.
• Minor pointSecurity recorded a $2.3 million annual operating loss, despite returning to profitability in the second half.
• Minor point. Forward-looking: it has not happened yet and may not happen.AIS Tennessee lost approximately $0.9 million in Q4; Cemtrex expects cost optimization to conclude in fiscal 2027.
• Minor pointAerospace & Defense Q4 revenue fell to $1.1 million from $2.2 million sequentially, reflecting program-milestone timing.
• Minor pointAerospace & Defense posted a $0.2 million Q4 operating loss, versus $1.0 million Q3 operating income.
• Minor pointCorporate Q4 operating loss was $1.5 million.
• Minor point. Forward-looking: it has not happened yet and may not happen.Preliminary results remain unaudited; year-end closing, acquisition allocations, impairment testing and tax determinations could produce material adjustments.

News Explained

Q4 Operating EBITDA was positive, but FY2026 remained loss-making on that measure; final results are expected by December 29, 2026.

Cemtrex’s Q4 and FY2026 figures are preliminary and unaudited, so final results remain pending; the company expects to report them in its fiscal 2026 Form 10-K on or before December 29, 2026.

Q4 segment results were mixed: Security reported $2.3 million of operating income, including $0.8 million of tariff refunds and approximately $1.5 million excluding them; Industrial Services reported $0.2 million of income, Aerospace & Defense a $0.2 million loss, and Corporate a $1.5 million loss.

The separate $0.5 million non-cash gain from releasing Plant Engineering Services contingent consideration was not included in Industrial Services segment operating income.

Cemtrex defines Operating EBITDA as operating income before depreciation and amortization; it was $1.9 million positive in Q4 but a $2.8 million loss for FY2026, compared with $1.9 million positive in FY2025.

Argus 15 min delay 51 alerts

+10.15% vs previous close $1.95 last price 1610.1x rel. volume Open Argus

Details

Market move: CETX +10.15% vs previous close. FY2026 earnings report

+63.2% Peak in 10 min

$1.77 – $3.10 Day Range

$3.36M Mkt Cap at Last Price

On Oct 29, the day this news came out, the latest delayed price for CETX is 10.15% above the previous close. Argus tracked a peak move of +63.2% during the session. Our momentum scanner has recorded 51 alerts for this stock so far that day. The latest delayed price is $1.95. Relative volume is exceptionally heavy at 1610.1x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Q4 revenue: $22.7 million; up 22% year-over-year Q4 gross margin: 46.3% Q4 operating income: $1.4 million +4 more

Q4 revenue

$22.7 million; up 22% year-over-year

Fourth quarter fiscal 2026

Q4 gross margin

46.3%

Compared with 38.0% in the prior-year fourth quarter

Q4 operating income

$1.4 million

Compared with operating losses of $1.2 million in both the prior-year quarter and Q3

Q4 Operating EBITDA

$1.9 million

Compared with losses of $0.8 million in the prior-year quarter and $0.6 million in Q3

Fiscal 2026 revenue

$75.3 million

Compared with $76.5 million in fiscal 2025

Fiscal 2026 operating loss

$4.8 million

Compared with operating income of $0.5 million in fiscal 2025

Fiscal 2026 Operating EBITDA

Loss of $2.8 million

Compared with $1.9 million of Operating EBITDA in fiscal 2025

Previous Earnings Reports

1 past event · Latest: Aug 14

Same Type 1 event

1. Aug 14

   Quarterly earnings

   24h Move

   +0.0%

   Q3 revenue grew while operating loss and Operating EBITDA loss narrowed sequentially.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ebitda, non-gaap, gaap, contingent consideration

4 terms

ebitda financial

"Operating EBITDA is a non-GAAP measure defined and reconciled below."

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

non-gaap financial

"Operating EBITDA is a non-GAAP measure defined and reconciled below."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

gaap financial

"not as a substitute for operating income (loss), net income (loss), or other measures prepared in accordance with GAAP."

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

contingent consideration financial

"a $0.5 million non-cash gain from the release of contingent consideration"

Contingent consideration is an additional payment agreed when one company buys another that will be paid later only if specific future targets are met, such as revenue, profit, or regulatory milestones. It matters to investors because it shifts risk between buyer and seller and affects the acquiring company's future cash flow and reported value — like promising a bonus after results are proven.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Fourth quarter operating income of $1.4 million and Operating EBITDA of $1.9 million; revenue up 22% year-over-year to $22.7 million

Hauppauge, NY, Oct. 29, 2026 (GLOBE NEWSWIRE) -- – Cemtrex, Inc. (Nasdaq: CETX, CETXP) today reported preliminary, unaudited results for the fourth fiscal quarter and fiscal year ended September 30, 2026. Final results will be reported in the Company’s Annual Report on Form 10-K.

Key Highlights

• Fourth quarter revenue increased 22% year-over-year to $22.7 million, and 23% sequentially from Q3. Fiscal 2026 revenue was $75.3 million, compared to $76.5 million in fiscal 2025, which included a single $10.4 million Security technology sale.
• Fourth quarter gross margin was 46.3%, compared to 38.0% in the prior-year fourth quarter and 41.7% in Q3.
• Fourth quarter operating income was $1.4 million, compared to operating losses of $1.2 million in both the prior-year fourth quarter and Q3, and includes a $0.5 million non-cash gain from the release of contingent consideration related to the Plant Engineering Services acquisition. Fiscal 2026 operating loss was $4.8 million, compared to operating income of $0.5 million in fiscal 2025.
• Fourth quarter Operating EBITDA was $1.9 million, compared to a loss of $0.6 million in Q3 and a loss of $0.8 million in the prior-year fourth quarter. Fiscal 2026 Operating EBITDA was a loss of $2.8 million, compared to $1.9 million in fiscal 2025. Operating EBITDA is a non-GAAP measure defined and reconciled below.
• Completed three acquisitions during fiscal 2026: Invocon (January), Richland Industrial, now AIS Tennessee (February), and Plant Engineering Services (July). An additional Industrial Services acquisition is under letter of intent.
• At September 30, 2026, stockholders’ equity was $35.7 million, compared to $8.7 million a year earlier; working capital was $10.6 million, compared to $5.2 million; and warrant liabilities were $2.8 million, compared to $8.7 million.

Management Commentary

Cemtrex Chairman and CEO, Saagar Govil, commented on the results:

“The fourth quarter continued the sequential improvement we have reported through the year. Operating results moved from an operating loss of $2.8 million in the first quarter to operating income of $1.4 million in the fourth, with revenue up 22% year-over-year and gross margin of 46%. The Security segment, now operating on the cost base established in January, was the largest contributor.

Fiscal 2026 was a year of building the platform. We completed three acquisitions, established the Aerospace & Defense segment, grew Industrial Services revenue 11%, and restructured the Security business from a $4.4 million operating loss in the first half of the year to $2.0 million of operating income in the second half. Cost optimization at AIS Tennessee, which is expected to conclude in fiscal 2027, and the milestone-driven timing of Invocon’s revenue weighed on results in the fourth quarter, as we have discussed in prior periods. We remain under letter of intent on an additional Industrial Services acquisition.”

Segment Results

Security. Fourth quarter revenue was $10.8 million, an increase of 28% from the prior-year fourth quarter and 71% sequentially from Q3, with gross margin of 53% and segment operating income of $2.3 million, compared to a segment operating loss of $0.3 million in Q3. Results include approximately $0.8 million of tariff refunds recognized during the quarter; excluding the refunds, segment operating income was approximately $1.5 million. For fiscal 2026, Security revenue was $28.3 million and the segment operating loss was $2.3 million, consisting of a $4.4 million loss in the first half of the year and $2.0 million of operating income in the second half.

Industrial Services. Fourth quarter revenue was $10.8 million, an increase of 6% year-over-year, with gross margin of 35% and segment operating income of $0.2 million, compared to a segment operating loss of $0.7 million in Q3. Plant Engineering Services, acquired July 1, 2026, contributed $1.2 million of revenue in its first quarter at approximately breakeven. AIS Tennessee incurred an operating loss of approximately $0.9 million in the quarter; cost optimization at the operation has been underway and is expected to conclude in fiscal 2027. The $0.5 million release of contingent consideration related to the Plant Engineering Services acquisition is not included in Industrial Services segment operating income and is shown as a separate line in the segment table below. For fiscal 2026, Industrial Services revenue increased 11% to $42.4 million and segment operating income was $1.6 million.

Aerospace & Defense. Fourth quarter revenue was $1.1 million with a segment operating loss of $0.2 million, compared to revenue of $2.2 million and segment operating income of $1.0 million in Q3, reflecting the timing of program milestones following a milestone-heavy third quarter. From the January 8, 2026 acquisition date through September 30, 2026, the segment generated $4.5 million of revenue and $0.4 million of segment operating income, with .4 million of amortization costs included.

Condensed Financial Summary

Metric	Q4 FY2026		Q4 FY2025		Q3 FY2026		FY2026		FY2025
Revenue	$22.7M		$18.5M		$18.4M		$75.3M		$76.5M
Gross profit	$10.5M		$7.0M		$7.7M		$30.7M		$32.3M
Gross margin	46.3	%	38.0	%	41.7	%	40.7	%	42.2	%
Operating income (loss)	$1.4M		($1.2M)		($1.2M)		($4.8M)		$0.5M
Operating EBITDA	$1.9M		($0.8M)		($0.6M)		($2.8M)		$1.9M
Net income (loss) attributable to Cemtrex stockholders	$1.7M		($3.4M)		($4.5M)		($22.4M)		($28.1M)

Q4 FY2026 Segment Summary

Segment	Q4 FY2026 Revenue	Q4 FY2025 Revenue	Gross Profit	Gross Margin		Operating Income (Loss)
Security	$10.8M	$8.4M	$5.7M	53.3	%	$2.3M
Industrial Services	$10.8M	$10.1M	$3.8M	35.2	%	$0.2M
Aerospace & Defense	$1.1M	—	$1.0M	86.8	%	($0.2M)
Corporate	$0.0M	$0.0M	$0.0M	—		($1.5M)
Release of contingent consideration	—	—	—	—		$0.5M
Consolidated	$22.7M	$18.5M	$10.5M	46.3	%	$1.4M

Condensed Balance Sheet Summary

	September 30, 2026	September 30, 2025
Cash and cash equivalents	$3.2M	$5.0M
Restricted cash	$1.6M	$1.4M
Short-term investments	$3.4M	$0.0M
Cash, restricted cash and short-term investments	$8.2M	$6.4M
Trade receivables, net	$14.2M	$13.1M
Inventory, net	$8.1M	$6.6M
Working capital	$10.6M	$5.2M
Total assets	$73.2M	$47.8M
Total debt	$15.3M	$13.5M
Warrant liabilities	$2.8M	$8.7M
Total liabilities	$37.5M	$39.1M
Stockholders’ equity	$35.7M	$8.7M

Non-GAAP Financial Measure: Operating EBITDA

The Company presents Operating EBITDA as a primary measure of operating performance. Operating EBITDA is defined as operating income (loss) before depreciation and amortization. Management believes this measure reflects the performance of the Company’s operating businesses without the effects of financing activities and other non-operating items, and provides investors with a consistent basis for evaluating operating trends across periods. Operating EBITDA is a non-GAAP financial measure and should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), or other measures prepared in accordance with GAAP. The following table reconciles Operating EBITDA to operating income (loss), the most directly comparable GAAP measure:

	Q4 FY2026		Q4 FY2025			Q3 FY2026			FY2026			FY2025
Operating income (loss)	$	1,358,863	$	(1,183,161	)	$	(1,193,142	)	$	(4,812,476	)	$	509,826
Depreciation and amortization		577,672		394,608			581,651			1,998,469			1,355,538
Operating EBITDA	$	1,936,535	$	(788,553	)	$	(611,491	)	$	(2,814,007	)	$	1,865,364

Additional details will be available in the Company’s Annual Report on Form 10-K to be filed with the Securities and Exchange Commission.

Preliminary Results

The financial results in this release are preliminary, unaudited, and based on information available to management as of the date of this release. They have been prepared by management and have not been audited or reviewed by the Company’s independent registered public accounting firm, which does not express an opinion or any other form of assurance with respect to them. The preliminary results remain subject to the completion of the Company’s year-end closing procedures, the audit of its financial statements, the finalization of purchase price allocations for acquisitions completed during fiscal 2026, impairment testing, and the determination of the Company’s income tax provision, among other matters. Adjustments arising from these procedures could be material, and final results could differ from the preliminary results presented here. These preliminary results are not a substitute for full financial statements prepared in accordance with GAAP and should not be viewed as such. The Company expects to file its Annual Report on Form 10-K for the fiscal year ended September 30, 2026 on or before December 29^th, 2026.

About Cemtrex

Cemtrex, Inc. (Nasdaq: CETX) is a diversified industrial and technology company operating across the Security, Industrial, and Aerospace & Defense sectors. The Company’s Security segment, led by Vicon Industries, provides advanced video management software, high-performance security cameras, and integrated surveillance solutions for enterprise, government, and critical infrastructure customers. Its Industrial segment, through Advanced Industrial Services (AIS), delivers specialized rigging, millwrighting, process piping, and equipment installation services to manufacturers nationwide. Cemtrex’s Aerospace & Defense segment, anchored by Invocon, provides mission-critical engineering, instrumentation, and sensing solutions supporting aerospace, defense, and space-based programs. With a focus on disciplined execution and strategic growth, Cemtrex is committed to building durable businesses that enhance safety, reliability, and long-term value for its customers and shareholders.

For more information, visit www.cemtrex.com.

Investor Relations: investors@cemtrex.com

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the anticipated operational performance, potential acquisitions, strategic initiatives, closing of any offerings, gross proceeds from any offerings, our new product offerings, expected use of proceeds, or any proposed fundraising activities, and statements regarding preliminary financial results. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements, including the risk that final audited results differ from the preliminary results presented in this release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release, and we undertake no duty to update this information unless required by law.

Investor Relations: investors@cemtrex.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Cemtrex's preliminary fourth-quarter fiscal 2026 results?

Cemtrex reported $22.7 million revenue, $1.4 million operating income and $1.7 million net income attributable to stockholders. Revenue increased 22% year-over-year and 23% sequentially. These results are preliminary and unaudited.

How did Cemtrex perform for fiscal 2026?

Cemtrex reported $75.3 million revenue and a $4.8 million operating loss for the year ended September 30, 2026. Fiscal 2025 revenue was $76.5 million, with $0.5 million operating income. Net loss attributable to stockholders narrowed to $22.4 million from $28.1 million.

When will Cemtrex file its fiscal 2026 annual report?

Cemtrex expects to file its fiscal 2026 Annual Report on Form 10-K on or before December 29, 2026. Final results will be reported in that annual report.

What acquisition-related gain affected Cemtrex's fourth-quarter operating income?

A $0.5 million non-cash gain from releasing contingent consideration related to the Plant Engineering Services acquisition was included in consolidated operating income. It was excluded from Industrial Services segment operating income and presented separately.