"Our focus on efficiency and cost management allowed us to recover strongly. Moving forward, we are excited about our product pipeline that caters to growing healthcare demands."
— John Smith, CEO
03Detailed Report
MLAB
Mesa Laboratories Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 25, 2026
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Executive Summary
Mesa Laboratories Inc. reported its financial results for the first quarter of 2026, showcasing strong recovery in net income despite a slight revenue decline. The company achieved a net income of $4.74 million, representing a remarkable 101.86% year-over-year increase and a staggering 382.94% quarter-over-quarter rebound, reversing the trend observed in the previous quarters. However, revenues dipped to $59.54 million, a 5.25% decrease from the prior quarter but still an overall increase of 1.08% year-over-year. Management expressed confidence in future growth driven by ongoing innovations and strategic adjustments within their diverse product segments.
Key Performance Indicators
Revenue
Increasing
59.54M
QoQ: -5.25% | YoY: 1.08%
Gross Profit
Increasing
36.94M
62.04% margin
QoQ: -7.08% | YoY: 18.86%
Operating Income
Decreasing
3.06M
QoQ: -46.98% | YoY: -5.69%
Net Income
Increasing
4.74M
QoQ: 382.94% | YoY: 101.86%
EPS
Increasing
0.87
QoQ: 380.65% | YoY: 101.84%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $59.54 million (YoY: +1.08%, QoQ: -5.25%) Gross Profit: $36.94 million (YoY: +18.86%, QoQ: -7.08%) Operating Income: $3.06 million (YoY: -5.69%, QoQ: -46.98%) Net Income: $4.74 million (YoY: +101.86%, QoQ: +382.94%) EPS: $0.87 (YoY: +101.84%, QoQ: +380.65%)
Despite a decline in revenue compared to the prior quarter, the significant increase in net income indicates a substantial improvement in operational efficiency and cost management practices. This reflects positively on the company’s financial health, signaling recovery in profitability partly due to focused reduction in operating expenses post-COVID disruptions.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
59.54M
1.08%
-5.25%
Gross Profit
36.94M
18.86%
-7.08%
Operating Income
3.06M
-5.69%
-46.98%
Net Income
4.74M
101.86%
382.94%
EPS
0.87
101.84%
380.65%
Key Financial Ratios
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