Holley (HLLY) Q3 FY2026 earnings: revenue $142 million, up 2.3% on the year

Holley Inc. (HLLY) reported revenue of $142 million for Q3 FY2026, the quarter ended 27 September 2026, up 2.3% on the same quarter a year earlier. Net income was $8 million, and diluted earnings per share $0.06. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$142 million

+2.3% on the year · -17.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

13.8%

11.5% a year earlier

Q4 FY2024Q3 FY2026

Net income

$8 million

Q4 FY2024Q3 FY2026

Diluted EPS

$0.06

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 1 lowered, 3 narrowed, 2 kept.

Net sales rose 2.3%: Net sales were $141.6 million, up 2.3% from $138.4 million in the prior-year quarter. For the nine months, net sales were $460.9 million, up 0.6%.
Adjusted EBITDA rose 8.6%: Adjusted EBITDA was $29.4 million, up from $27.1 million, and the margin was 20.8% against 19.6%. Management cited operational execution and financial discipline.
Non-core exits cut complexity: Management said exiting non-core businesses, including the Restoration brands, reduced complexity and contributed to the margin expansion delivered this quarter.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	142	172	138	-17.7%	+2.3%
Cost of revenue	79.3	101	78.5	-21.8%	+1.0%
Gross profit	62.2	70.5	59.8	-11.8%	+4.0%
Gross margin	44.0%	41.0%	43.2%
Research and development	3.6	3.7	4.7	-4.0%	-23.8%
Selling, general and administrative	32.9	40.4	33.5	-18.7%	-1.8%
Operating income	19.6	2.8	15.9	+607.8%	+23.3%
Operating margin	13.8%	1.6%	11.5%
Interest expense	9.6	8.2	11.3	+17.2%	-14.6%
Pre-tax income	10.4	-3.6	0.5		+2,156.6%
Income tax	2.6	-1.2	1.3		+106.9%
Effective tax rate	25.1%	n/a	274.1%
Net income	7.8	-2.4	-0.8
Net margin	5.5%	-1.4%	-0.6%
Diluted EPS	$0.06	-$0.02	-$0.01

$ 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	14.1	47.1	7.4	-70.1%	+89.6%
Capital expenditure	5.3	6.2	2.1	-14.2%	+146.8%
Free cash flow	8.8	40.9	5.3	-78.5%	+66.4%
Free cash flow margin	6.2%	23.8%	3.8%
Cash from investing	-5.3	3.8	-5.5
Cash from financing	-27.5	-15.1	-15.0
Depreciation and amortisation	5.8	6.1	6.1	-5.1%	-6.0%
Share-based compensation	1.6	1.6	2.3	+4.2%	-29.8%
Buybacks	0.0	n/a	0.0
Diluted shares, weighted	121m	120m	119m	+0.5%	+1.2%
Shares outstanding at period end	121m	120m	119m	+0.3%	+1.0%

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	459	450	440	+2.0%	+4.3%
Debt	501	527	536	-4.9%	-6.5%
Operating lease liabilities	34.0	36.2	28.2	-6.0%	+20.8%
Other liabilities	141	150	162	-5.7%	-12.7%
Total liabilities and equity	1,135	1,162	1,165	-2.4%	-2.6%
Fixed assets	51.8	50.2	43.8	+3.2%	+18.4%
Goodwill	371	371	372	0.0%	-0.4%
Intangible assets	367	370	400	-0.9%	-8.4%
Cash and equivalents	49.9	69.0	50.7	-27.7%	-1.6%
Inventory	182	180	196	+0.8%	-7.2%
Other assets	114	122	102	-6.7%	+11.5%
Total assets	1,135	1,162	1,165	-2.4%	-2.6%

Questions

What was Holley's revenue in Q3 FY2026?

Holley (HLLY) reported revenue of $142 million for Q3 FY2026, the quarter ended 27 September 2026, up 2.3% on the same quarter a year earlier.

How much did Holley earn in Q3 FY2026?

Net income for Q3 FY2026 was $8 million, and diluted earnings per share $0.06.

When did Holley report Q3 FY2026 results?

Holley filed its 10-Q for the quarter ended 27 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	180	200	179	155	154	172	175	157	156	159	169	134	140	153	167	138	155	147	172	142
Cost of revenue	105	117	104	106	107	104	106	98.2	95.5	107	99.2	81.7	76.2	89.0	97.1	78.5	82.7	86.6	101	79.3
Gross profit	74.7	82.7	75.3	48.4	47.3	67.7	69.7	58.4	60.3	52.1	70.3	52.3	63.9	64.1	69.6	59.8	72.8	60.7	70.5	62.2
Gross margin	42%	41%	42%	31%	31%	39%	40%	37%	39%	33%	41%	39%	46%	42%	42%	43%	47%	41%	41%	44%
R&D	8.1	8.2	8.2	6.0	6.7	6.7	6.2	6.1	4.9	4.8	4.3	4.6	5.0	4.1	5.1	4.7	4.9	4.0	3.7	3.6
SG&A	37.7	34.3	36.3	31.9	48.2	30.0	29.1	28.9	32.2	33.0	34.6	30.1	34.5	36.7	33.0	33.5	43.0	35.4	40.4	32.9
Operating income	22.8	36.0	25.1	3.1	-13.5	26.0	30.0	19.3	18.8	10.2	27.9	5.6	-29.0	19.3	27.5	15.9	19.8	17.5	2.8	19.6
Operating margin	13%	18%	14%	2%	-9%	15%	17%	12%	12%	6%	16%	4%	-21%	13%	17%	11%	13%	12%	2%	14%
Interest expense	8.0	7.4	9.0	10.4	13.4	18.3	9.9	13.7	18.8	11.0	13.2	15.0	11.5	15.7	13.4	11.3	11.5	9.9	8.2	9.6
Pre-tax income	-14.8	24.0	43.6	30.2	-19.6	5.8	17.1	2.8	1.8	2.8	19.2	-7.8	-40.5	3.9	14.4	0.5	9.9	9.1	-3.6	10.4
Tax rate	n/a	30%	7%	-4%	n/a	27%	24%	74%	35%	-31%	11%	n/a	n/a	28%	24%	274%	36%	21%	n/a	25%
Net income	n/a	16.9	40.6	31.6	-15.2	4.2	13.0	0.8	n/a	3.7	17.1	-6.3	n/a	2.8	10.9	-0.8	6.3	7.3	-2.4	7.8
Net margin	n/a	8%	23%	20%	-10%	2%	7%	0%	n/a	2%	10%	-5%	n/a	2%	7%	-1%	4%	5%	-1%	6%
Diluted EPS	-$0.33	$0.15	$0.35	$0.27	-$0.13	$0.04	$0.11	$0.01	$0.00	$0.03	$0.14	-$0.05	-$0.32	$0.02	$0.09	-$0.01	$0.05	$0.06	-$0.02	$0.06
Operating cash flow	n/a	18.3	2.5	-8.7	0.1	3.6	30.7	22.5	31.2	18.8	25.7	-1.7	4.1	-7.8	40.5	7.4	6.2	-2.9	47.1	14.1
Capital expenditure	4.8	5.7	3.9	2.1	1.8	1.0	1.7	1.7	1.5	1.3	1.4	1.7	2.4	3.0	4.8	2.1	2.4	3.5	6.2	5.3
Free cash flow	n/a	12.6	-1.4	-10.8	-1.7	2.6	29.0	20.8	29.7	17.6	24.3	-3.5	1.7	-10.8	35.7	5.3	3.8	-6.3	40.9	8.8
Buybacks	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	0.0	n/a	n/a	n/a	0.0
Shares outstanding	116m	117m	117m	117m	117m	117m	117m	117m	118m	118m	119m	119m	119m	119m	119m	119m	120m	120m	120m	121m
Filing	10-K	10-Q	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	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. 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 27 September 2026, filed 5 November 2026: the filing.