Every 10-Q that Motorcar Parts of America, Inc. (MPAA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MPAA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MPAA filings page.
Motorcar Parts of America reported a weaker quarter for the three months ended June 30, 2026. Net sales were $168.0 million, down 10.8% from $188.4 million a year earlier, mainly from lower rotating electrical product sales partly offset by stronger brake-related demand.
Gross profit fell to $27.2 million, with gross margin slipping to 16.2% from 18.0%, pressured by lower volume, $2.8 million of transition expenses tied to footprint optimization, and ongoing amortization and write-downs of core-related contract assets. Operating income dropped to $3.5 million from $20.1 million.
After $12.0 million of net interest expense and a $1.5 million loss on its compound net derivative liability, the company posted a net loss of $13.4 million versus prior-year net income of $3.0 million, and operating cash flow was negative $11.3 million.
The balance sheet shows total assets of $1.01 billion, with heavy use of working-capital structures: inventory of $413.3 million, contract assets of $373.3 million, and accounts receivable discount programs under which $150.0 million of receivables were sold in the quarter, generating $7.9 million of interest-like cost. Revolving credit borrowings rose to $118.8 million, and related-party convertible notes carried a net amount of $44.8 million with an effective interest rate of 18.3%.
Motorcar Parts of America reported lower quarterly sales but a stronger year-to-date profit picture. For the quarter ended December 31, 2025, net sales were $167.7 million, down 9.9% from $186.2 million, and net income was $1.8 million versus $2.3 million a year earlier as gross margin compressed to 19.6% from 24.1%.
For the nine months, net sales rose to $577.5 million from $564.2 million, helped by $14.8 million of remanufactured core revenue tied to inventory realignment at customer distribution centers. Net income improved sharply to $2.7 million from a loss of $18.7 million, aided by lower interest expense, foreign-exchange gains on lease liabilities and derivatives, and a $3.9 million quarterly gain on the convertible-notes derivative.
The company generated $23.7 million of operating cash flow in the first nine months, increased inventory to $399.0 million as it supports multiple product lines, and ended the quarter with $17.5 million of cash, $88.0 million drawn on its revolving credit facility, and $39.9 million in related-party convertible notes while continuing share repurchases.
Motorcar Parts of America (MPAA) reported higher sales but a small quarterly loss. Net sales were $221.47 million, up 6.4% year over year, helped by $14.797 million of remanufactured core revenue recognized from an inventory realignment at certain customer distribution centers. Gross profit was $42.73 million with a 19.3% margin versus 19.8% a year ago, reflecting tariff timing and core-related amortization and revaluation.
Operating income rose to $16.37 million, driven in part by a $1.47 million non-cash foreign exchange gain. Net loss was $2.15 million (basic and diluted loss per share of $0.11) as interest expense of $12.70 million and a $2.26 million loss on the convertible-notes derivative weighed on results; the effective tax rate was 252.2%. For the first six months, net sales reached $409.83 million (up 8.4%) and net income was $0.89 million (diluted EPS $0.04). Operating cash flow strengthened to $31.89 million. At quarter-end, MPAA had $72.42 million drawn on its revolver at 7.42% with $145.38 million of availability. Customer concentration remained high, with three customers representing 38%, 28%, and 21% of quarterly sales.
Motorcar Parts of America, Inc. (MPAA) reported a materially stronger quarterly performance driven by higher sales, improved margins and positive operating cash flow. Consolidated net sales rose to $188.4 million (up 10.9% year-over-year), gross profit increased to $33.9 million with gross margin of 18.0%, and operating income turned positive at $20.1 million versus an operating loss in the prior-year quarter. The company recorded net income of $3.0 million and basic earnings per share of $0.16, compared with a loss a year earlier.
Liquidity and balance-sheet highlights: total assets were $973.4 million, total liabilities $713.2 million, and shareholders' equity $260.1 million. Cash from operations improved to $10.0 million. Key financings include $86.9 million outstanding on the revolving facility (7.40% interest) and related-party convertible notes with a net carrying amount of $40.8 million and a conversion price of $15.00 per share. Material risks disclosed include concentrated customer exposures and large long-term contract assets related to remanufactured cores.