NLI Holdings (NL) Q3 FY2026 earnings: revenue $44 million, up 10.1% on the year

NLI Holdings, Inc. (NL) reported revenue of $44 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.1% on the same quarter a year earlier. Net income was $13 million, and diluted earnings per share $0.26. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$44 million

+10.1% on the year · +0.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

7.1%

4.6% a year earlier

Q4 FY2024Q3 FY2026

Net income

$13 million

+42.3% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.26

+44.4% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Net income swung to a profit: Net income attributable to NLI stockholders was $12.7 million, or $.26 per share, in the third quarter, against a net loss of $7.8 million, or $.16 per share. Nine-month net income was $26.0 million, or $.53 per share.
Kronos equity moved into earnings: Equity in Kronos earnings was $10.6 million in the third quarter, against equity losses of $11.3 million a year earlier. Nine-month equity in earnings was $13.8 million, against losses of $8.6 million.
CompX sales rose in quarter: CompX net sales were $44.0 million in the third quarter, up from $40.0 million, and $128.2 million for nine months, up from $120.6 million. Marine Components drove most of the quarterly increase.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	44.0	43.6	40.0	+0.9%	+10.1%
Cost of revenue	31.0	28.1	28.9	+10.3%	+7.1%
Gross profit	13.0	15.5	11.0	-16.1%	+18.1%
Gross margin	29.6%	35.6%	27.6%
Selling, general and administrative	6.6	6.6	6.3	+0.3%	+5.9%
Operating income	3.1	6.1	1.9	-48.8%	+69.8%
Operating margin	7.1%	14.1%	4.6%
Interest expense	0.0	0.0	0.1	0.0%	-87.8%
Pre-tax income	15.9	12.4	-8.2	+29.1%
Income tax	2.5	2.5	-0.9	+2.0%
Effective tax rate	15.7%	19.9%	n/a
Net income	12.7	9.0	-7.9	+42.3%
Net margin	29.0%	20.5%	-19.7%
Diluted EPS	$0.26	$0.18 basic	-$0.16	+44.4%

$ 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	10.0	11.0	7.9	-8.8%	+26.0%
Capital expenditure	1.6	1.1	1.0	+38.7%	+57.8%
Free cash flow	8.4	9.8	7.0	-14.2%	+21.5%
Free cash flow margin	19.2%	22.6%	17.4%
Cash from investing	-0.7	-0.5	-0.2
Cash from financing	-5.4	-5.4	-16.7
Depreciation and amortisation	0.9	0.9	0.9	+1.4%	-3.0%
Dividends paid	4.9	4.9	14.7	-0.0%	-66.6%
Dividend per share	$0.10	$0.10	$0.30	0.0%	-66.7%
Diluted shares, weighted	49m	49m	49m	+0.0%	+0.1%
Shares outstanding at period end	49m	49m	49m	0.0%	+0.1%

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	372	363	375	+2.4%	-0.9%
Non-controlling interest	19.0	18.8	17.9	+1.1%	+6.3%
Debt	0.5	0.5	0.5	0.0%	0.0%
Operating lease liabilities	0.9	0.9	n/a	-2.4%
Other liabilities	94.9	87.3	106	+8.6%	-10.9%
Total liabilities and equity	487	471	500	+3.5%	-2.6%
Fixed assets	24.6	23.5	24.0	+4.9%	+2.7%
Goodwill	27.2	27.2	27.2	0.0%	0.0%
Investments	18.5	17.6	18.9	+5.0%	-2.3%
Cash and equivalents	111	107	102	+3.9%	+9.1%
Receivables	19.2	19.6	18.1	-2.0%	+5.8%
Inventory	33.2	31.8	31.0	+4.4%	+7.2%
Other assets	253	244	279	+3.8%	-9.2%
Total assets	487	471	500	+3.5%	-2.6%

Questions

What was NLI Holdings' revenue in Q3 FY2026?

NLI Holdings (NL) reported revenue of $44 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.1% on the same quarter a year earlier.

How much did NLI Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $13 million, and diluted earnings per share $0.26.

When did NLI Holdings report Q3 FY2026 results?

NLI Holdings 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	34.1	42.0	41.7	42.9	40.0	41.2	36.6	40.4	43.2	38.0	35.9	33.7	38.4	40.3	40.4	40.0	37.7	40.6	43.6	44.0
Cost of revenue	24.6	30.0	28.0	30.9	28.8	28.4	26.3	27.7	29.5	28.3	24.7	24.2	27.4	28.1	27.5	28.9	25.6	27.3	28.1	31.0
Gross profit	9.5	12.1	13.6	11.9	11.2	12.7	10.3	12.6	13.6	9.7	11.2	9.5	11.1	12.2	12.9	11.0	12.1	13.3	15.5	13.0
Gross margin	28%	29%	33%	28%	28%	31%	28%	31%	32%	25%	31%	28%	29%	30%	32%	28%	32%	33%	36%	30%
SG&A	5.7	5.8	5.9	6.0	5.7	5.7	5.9	6.1	6.1	6.0	6.1	6.1	6.2	6.3	6.6	6.3	6.4	6.2	6.6	6.6
Operating income	1.3	3.9	4.2	3.2	2.4	4.2	1.4	3.7	4.8	1.4	0.8	2.0	33.7	3.1	2.8	1.9	2.9	4.1	6.1	3.1
Operating margin	4%	9%	10%	8%	6%	10%	4%	9%	11%	4%	2%	6%	88%	8%	7%	5%	8%	10%	14%	7%
Interest expense	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.6	0.1	0.1	0.0	0.0	0.0	0.0
Pre-tax income	17.4	21.9	37.5	-13.9	-6.2	-4.5	-9.9	-0.3	8.3	8.3	9.8	44.9	20.4	1.3	1.0	-8.2	-45.5	6.6	12.4	15.9
Tax rate	12%	12%	17%	n/a	n/a	n/a	n/a	n/a	-2%	12%	13%	19%	16%	-2%	-4%	n/a	n/a	22%	20%	16%
Net income	14.9	18.6	30.3	-8.9	-6.1	-6.7	-3.1	-0.1	7.6	6.8	7.8	36.0	16.5	0.7	0.4	-7.9	-31.0	4.3	9.0	12.7
Net margin	44%	44%	73%	-21%	-15%	-16%	-8%	-0%	18%	18%	22%	107%	43%	2%	1%	-20%	-82%	11%	21%	29%
Diluted EPS	$0.31	$0.38	$0.62	-$0.18	-$0.13	$0.82	-$0.06	$0.00	n/a	$0.14	$0.16	$0.74	$0.34	$0.01	$0.01	-$0.16	-$0.63	$0.09	$0.18 basic	$0.26
Operating cash flow	7.3	3.0	10.6	-0.9	14.2	7.3	13.7	-5.5	21.5	6.7	15.5	-5.7	9.0	-47.5	7.3	7.9	-4.2	-3.5	11.0	10.0
Capital expenditure	1.8	1.7	0.5	0.8	0.7	0.3	0.2	0.1	0.6	0.3	0.4	0.5	0.2	0.8	1.3	1.0	0.6	0.4	1.1	1.6
Free cash flow	5.5	1.3	10.1	-1.7	13.5	7.0	13.4	-5.5	21.0	6.4	15.1	-6.1	8.7	-48.3	5.9	7.0	-4.7	-3.9	9.8	8.4
Dividends paid	2.9	3.4	3.4	20.5	3.4	3.4	3.4	3.4	3.4	3.9	3.9	24.9	3.9	4.4	4.4	14.7	4.4	4.9	4.9	4.9
Shares outstanding	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m	49m
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 blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. 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.