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Tejon Ranch (TRC) Q3 FY2026 earnings: revenue $23 million, up 88.9% on the year

Tejon Ranch Co. (TRC) reported revenue of $23 million for Q3 FY2026, the quarter ended 30 September 2026, up 88.9% on the same quarter a year earlier. Net income was $3 million, up 97.6% on the year, and diluted earnings per share $0.12. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$23 million
+88.9% on the year · +58.6% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
10.5%
-16.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
$3 million
+97.6% on the year · +25.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.12
+100.0% on the year · +20.0% on the quarter
Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 1 kept.

  • Net income attributable rose: Net income attributable to common stockholders was $3.3 million, or $0.12 per share basic and diluted, up $1.6 million from $1.7 million, or $0.06 per share, a year earlier.
  • Revenue and other income rose: Revenues and other income, including equity in earnings of unconsolidated joint ventures, totaled $25.0 million, up $10.3 million from $14.7 million a year earlier.
  • Adjusted EBITDA reached $10.4 million: Adjusted EBITDA, a non-GAAP measure, was $10.4 million, up $5.1 million from $5.3 million in the third quarter of 2025. Stock compensation of $527,000 was excluded from the measure.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue22.614.312.0+58.6%+88.9%
Gross profit7.56.83.4+9.7%+119.6%
Gross margin33.0%47.7%28.4%
Operating income2.40.3-2.0+581.9%
Operating margin10.5%2.4%-16.9%
Pre-tax income4.73.50.7+36.2%+577.4%
Income tax1.40.8-1.0+70.5%
Effective tax rate30.3%24.2%-139.1%
Net income3.32.61.7+25.2%+97.6%
Net margin14.6%18.5%14.0%
Diluted EPS$0.12$0.10$0.06+20.0%+100.0%
$ million except per share.
Read moreFree 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

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow2.61.3-2.4+103.8%
Capital expenditure1.21.512.2-22.2%-90.4%
Free cash flow1.5-0.2-14.6
Free cash flow margin6.5%-1.5%-122.2%
Cash from investing-2.9-2.4-6.5
Cash from financing-1.50.310.0
Depreciation and amortisation2.11.41.7+53.0%+25.9%
Share-based compensation0.50.5n/a-0.2%
Diluted shares, weighted27m27m27m+0.0%+0.5%
Shares outstanding at period end27m27m27m+0.1%+0.5%

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

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity481478473+0.8%+1.7%
Non-controlling interest15.415.415.4-0.0%-0.0%
Debt94.495.991.9-1.6%+2.7%
Other liabilities56.050.749.1+10.6%+14.3%
Total liabilities and equity647640630+1.2%+2.8%
Fixed assets60.860.459.4+0.8%+2.5%
Intangible assets16.617.018.0-2.0%-7.6%
Investments6.211.217.5-44.7%-64.6%
Cash and equivalents2.63.93.6-32.7%-27.1%
Receivables14.52.65.1+450.0%+185.9%
Inventory5.89.48.2-38.6%-29.9%
Other assets541535518+1.1%+4.4%
Total assets647640630+1.2%+2.8%

Questions

What was Tejon Ranch's revenue in Q3 FY2026?

Tejon Ranch (TRC) reported revenue of $23 million for Q3 FY2026, the quarter ended 30 September 2026, up 88.9% on the same quarter a year earlier.

How much did Tejon Ranch earn in Q3 FY2026?

Net income for Q3 FY2026 was $3 million, up 97.6% on the year, and diluted earnings per share $0.12.

When did Tejon Ranch report Q3 FY2026 results?

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

Quarterly results, the last 20 quarters

Q3 FY2019Q4 FY2019 *Q1 FY2020Q2 FY2020Q3 FY2020Q4 FY2020 *Q1 FY2021Q2 FY2021Q3 FY2021Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue9.720.310.34.813.59.211.116.615.07.45.710.917.98.28.312.021.19.514.322.6
Gross profitn/an/an/an/an/an/an/an/an/a0.02.62.57.71.23.43.46.52.06.87.5
Gross marginn/an/an/an/an/an/an/an/an/a0%45%23%43%15%41%28%31%22%48%33%
Operating income-2.53.5-1.8-2.8-0.8-1.4-1.12.5-1.2-4.0-3.5-3.82.1-4.2-4.1-2.02.3-1.10.32.4
Operating margin-26%17%-17%-58%-6%-15%-10%15%-8%-54%-62%-35%12%-51%-49%-17%11%-12%2%10%
Pre-tax income0.013.4-0.2-0.10.8-0.4-1.03.90.3-1.9-0.2-0.05.7-2.7-1.30.74.50.23.54.7
Tax rate16%27%n/an/a51%n/an/a28%30%n/an/an/a22%n/an/a-139%65%28%24%30%
Net income0.09.7-0.7-0.30.4-0.1-1.12.80.2-0.91.0-1.84.5-1.5-1.71.71.60.22.63.3
Net margin0%48%-7%-7%3%-1%-10%17%1%-12%17%-17%25%-18%-21%14%7%2%18%15%
Diluted EPS$0.00$0.37-$0.03-$0.01$0.02$0.00-$0.04$0.11$0.01-$0.03$0.04-$0.07$0.16-$0.05-$0.06$0.06$0.06$0.01$0.10$0.12
Operating cash flow1.815.54.0-4.07.57.93.7-4.8-0.80.8-1.82.113.3-1.3-0.4-2.410.23.31.32.6
Capital expenditure6.66.04.96.24.26.95.26.23.88.114.018.916.217.519.612.2n/a1.91.51.2
Free cash flow-4.89.5-0.9-10.23.31.0-1.5-11.0-4.6-7.3-15.8-16.8-3.0-18.9-20.0-14.69.21.4-0.21.5
Shares outstanding26m26m26m26m26m26m26m26m26m27m27m27m27m27m27m27m27m27m27m27m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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 30 September 2026, filed 5 November 2026: the filing.