Every 10-Q that Transcat (TRNS) 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 TRNS 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 TRNS filings page.
Transcat, Inc. reported Q1 fiscal 2027 revenue of $92.9 million, up 21.6% year over year, driven by Service revenue of $62.6 million (up 27.3%) and Distribution revenue of $30.4 million (up 11.4%). Gross profit increased to $30.7 million, while gross margin slipped to 33.1%.
Operating income was $3.7 million and net income declined to $1.3 million, or $0.14 per diluted share, as operating expenses rose 31.9% and interest expense increased to $1.5 million. Adjusted EBITDA grew to $14.0 million. The company acquired SCM for approximately $12.8 million, had $110.4 million outstanding under its $150.0 million credit facility, generated $8.8 million of operating cash flow, and continued to have material weaknesses in internal control over financial reporting, concluding disclosure controls were not effective.
Transcat, Inc. reported strong top-line growth but weaker profitability for the third quarter and first nine months of fiscal 2026. Q3 revenue rose to $83.9 million, up 25.6% year over year, driven by acquisitions and higher Distribution and Service revenue.
Despite this, Q3 swung to a net loss of $1.1 million from net income of $2.4 million, as operating expenses, stock-based compensation, CEO transition costs, and interest expense increased. Q3 operating margin fell to 0.1%, and net margin moved to a loss of 1.3% of revenue.
For the first nine months, revenue grew to $242.6 million, up 20.5%, but net income declined to $3.4 million from $10.1 million, pressured by higher depreciation and amortization from recent deals and higher interest on borrowings. Transcat completed several acquisitions, including Essco for about $85.4 million and earlier Martin and Becnel transactions, adding significant goodwill and intangibles. To support this, the company entered a new five-year $150 million secured revolving credit facility, with $99.9 million outstanding as of December 27, 2025, and ended the period with shareholders’ equity of $296.8 million.
Transcat, Inc. reported Q2 FY2026 results with total revenue of $82.3 million, up 21.3% year over year. Service revenue was $52.8 million and Distribution revenue was $29.4 million. Gross profit rose to $26.8 million with a total gross margin of 32.5%.
Operating income was $3.5 million as operating expenses increased with acquisitions and higher compensation. Net income was $1.3 million and diluted EPS was $0.14. Interest and other expense increased to $1.5 million, reflecting higher borrowings.
For the first six months, revenue reached $158.7 million and net income was $4.5 million. Operating cash flow was $16.5 million, while investing cash flow used $91.6 million, primarily for acquisitions. The company closed a new five‑year $150.0 million secured revolving credit facility; $111.9 million was outstanding as of September 27, 2025. Transcat acquired Essco for approximately $85.6 million and earlier acquired Martin for approximately $81.8 million. Total assets were $484.9 million, long‑term debt was $111.9 million, and shares outstanding were 9,328,412 as of October 31, 2025.