Traeger (COOK) Q3 FY2026 earnings: revenue $75 million, down 40.4% on the year

Traeger, Inc. (COOK) reported revenue of $75 million for Q3 FY2026, the quarter ended 30 September 2026, down 40.4% on the same quarter a year earlier. Net income was -$29 million, and diluted earnings per share $-10.33. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$75 million

-40.4% on the year · -37.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-26.5%

-66.5% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$29 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$10.33

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 kept.

Revenue fell 40.4% to $74.7M: Total revenue was $74.7 million against $125.4 million a year earlier. Grill revenue fell 48.1% over the same comparison.
Adjusted EBITDA loss of $3.3M: Adjusted EBITDA was a loss of $3.3 million, against $13.8 million a year earlier. Adjusted net loss was $18.7 million, or $6.77 per diluted share, compared with $22.3 million, or $8.31, a year earlier.
Grills down 48.1% to $39.7M: Grill revenue was $39.7 million. The company attributed the decline to elevated retailer purchases a year earlier and to product and channel actions under Project Gravity, which contributed to lower average selling prices and unit volumes.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	74.7	120	125	-37.8%	-40.4%
Cost of revenue	49.7	72.7	76.8	-31.7%	-35.4%
Gross profit	25.0	47.4	48.5	-47.3%	-48.5%
Gross margin	33.5%	39.5%	38.7%
Operating income	-19.8	-1.7	-83.4
Operating margin	-26.5%	-1.4%	-66.5%
Interest expense	7.9	8.3	7.8	-4.5%	+1.1%
Pre-tax income	-27.6	-9.5	-90.1
Income tax	1.0	-0.9	-0.3
Net income	-28.5	-8.6	-89.8
Net margin	-38.2%	-7.1%	-71.6%
Diluted EPS	-$10.33	-$3.12	-$33.50

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	9.8	27.1	7.6	-63.7%	+30.2%
Capital expenditure	1.4	0.6	1.2	+120.6%	+19.5%
Free cash flow	8.4	26.5	6.4	-68.1%	+32.2%
Free cash flow margin	11.3%	22.0%	5.1%
Cash from investing	-1.5	-0.6	-1.2
Cash from financing	-0.2	-0.5	-10.8
Depreciation and amortisation	8.8	8.8	8.8	+0.0%	0.0%
Share-based compensation	3.1	3.5	3.3	-13.0%	-7.8%
Diluted shares, weighted	3m	3m	3m	+0.5%	+2.9%
Shares outstanding at period end	3m	3m	3m	+0.2%	+2.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	140	167	186	-16.3%	-24.8%
Debt	400	400	399	+0.1%	+0.3%
Finance lease liabilities	21.9	22.2	24.3	-1.1%	-9.8%
Other liabilities	64.4	65.1	79.9	-1.0%	-19.3%
Total liabilities and equity	627	655	690	-4.3%	-9.1%
Fixed assets	27.9	29.1	33.7	-4.1%	-17.2%
Goodwill	n/a	n/a	0.0
Intangible assets	357	366	397	-2.4%	-10.1%
Cash and equivalents	67.8	59.7	5.9	+13.6%	+1,056.1%
Receivables	45.3	74.4	80.7	-39.1%	-43.8%
Inventory	79.5	76.3	115	+4.2%	-30.7%
Other assets	48.9	49.1	57.3	-0.4%	-14.7%
Total assets	627	655	690	-4.3%	-9.1%

Questions

What was Traeger's revenue in Q3 FY2026?

Traeger (COOK) reported revenue of $75 million for Q3 FY2026, the quarter ended 30 September 2026, down 40.4% on the same quarter a year earlier.

How much did Traeger earn in Q3 FY2026?

Net loss for Q3 FY2026 was $29 million, and the diluted loss per share $10.33.

When did Traeger report Q3 FY2026 results?

Traeger filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 * †	Q1 FY2023 †	Q2 FY2023	Q3 FY2023	Q4 FY2023 * †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	175	224	200	93.8	138	153	172	118	163	145	168	122	169	143	145	125	145	94.1	120	74.7
Cost of revenue	110	141	127	68.7	90.6	97.7	108	73.1	103	82.4	96.1	70.4	99.7	83.8	88.5	76.8	91.0	51.1	72.7	49.7
Gross profit	64.7	82.6	73.5	25.1	47.5	55.4	63.3	44.7	60.1	62.6	72.3	51.7	68.9	59.5	57.0	48.5	54.3	43.0	47.4	25.0
Gross margin	37%	37%	37%	27%	34%	36%	37%	38%	37%	43%	43%	42%	41%	41%	39%	39%	37%	46%	39%	33%
Operating income	-28.0	-3.5	-121	-200	-21.3	-3.3	-27.6	-12.9	-11.7	-0.1	4.8	-7.4	-0.2	3.4	-6.1	-83.4	-11.7	-1.0	-1.7	-19.8
Operating margin	-16%	-2%	-60%	-214%	-15%	-2%	-16%	-11%	-7%	-0%	3%	-6%	-0%	2%	-4%	-66%	-8%	-1%	-1%	-26%
Interest expense	5.3	5.8	7.1	7.3	7.6	10.5	7.8	7.5	5.5	8.1	8.7	8.5	8.2	7.9	8.1	7.8	7.6	7.6	8.3	7.9
Pre-tax income	-31.7	-8.8	-133	-211	-27.7	-10.8	-30.0	-18.4	-23.3	-4.5	-2.6	-19.9	-8.9	-2.4	-7.8	-90.1	-19.0	2.7	-9.5	-27.6
Tax rate	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-10%	n/a	n/a
Net income	-34.4	-9.0	-133	-211	-28.9	-10.9	-30.2	-19.3	-43.0	-4.7	-2.6	-19.8	-7.0	-0.8	-7.4	-89.8	-17.2	2.9	-8.6	-28.5
Net margin	-20%	-4%	-66%	-225%	-21%	-7%	-18%	-16%	-15%	-3%	-2%	-16%	-4%	-1%	-5%	-72%	-12%	3%	-7%	-38%
Diluted EPS	-$14.50	-$4.00	-$56.50	-$88.00	-$12.00	-$4.50	-$12.50	-$8.00	-$9.50	-$2.00	-$1.00	-$7.50	-$2.50	-$0.50	-$3.00	-$33.50	-$6.50	$1.08	-$3.12	-$10.33
Operating cash flow	-27.6	-46.9	16.9	24.0	11.1	-23.6	49.4	18.5	19.7	-12.6	13.9	15.1	7.5	-20.8	18.3	7.6	15.5	17.9	27.1	9.8
Capital expenditure	4.5	4.5	7.9	2.7	3.3	2.1	6.8	6.8	4.3	5.7	2.1	2.3	2.0	1.8	2.6	1.2	1.3	3.4	0.6	1.4
Free cash flow	-32.0	-51.4	9.0	21.3	7.8	-25.7	42.7	11.7	15.4	-18.3	11.8	12.8	5.5	-22.7	15.7	6.4	14.2	14.5	26.5	8.4
Shares outstanding	2m	2m	2m	2m	2m	2m	2m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q/A	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.