Taylor Devices Inc (TAYD) reported QQ1 2026 results with notable profitability and a strong liquidity position, underpinned by a net cash balance and substantial short-term investments. Net income of $2.19 million and EBITDA of $2.25 million were achieved against a backdrop of incomplete revenue disclosure for the quarter. Management delivered a sizable gross profit of $4.44 million, supported by disciplined operating expenses (R&D $80.8k; SG&A $2.11 million; total operating expenses $2.19 million) and a positive contribution from other income of $383.8k, culminating in pre-tax income of $2.63 million and after-tax net income of $2.19 million (EPS $0.70). YoY comparisons in the included earnings metrics indicate a decline in gross profit (-24.65% YoY) and a softer operating profit (-10.65% YoY), while net income fell modestly (-11.43% YoY) but showed QoQ improvements (+9.38% QoQ) and EPS rose (+18.64% YoY; +9.37% QoQ). The balance sheet demonstrates a robust position: total assets of $68.53 million, equity of $64.25 million, and net cash of approximately $2.15 million, supported by cash and short-term investments totaling about $36.30 million. The company ended the period with strong liquidity (current ratio and quick ratio both exceptionally high given disclosed current assets of ~$55.63 million against current liabilities of ~$6.04 million). The absence of disclosed revenue for the quarter constrains margin interpretation, but the reported EBITDA and net income indicate solid earnings quality on a cash-generative basis. Investors should watch for revenue growth momentum, margin trajectory, and any explicit guidance from management in subsequent filings or calls. USD is the reporting currency for all figures.