UFP Technologies (UFPT) Q3 FY2026 earnings: revenue $172 million, up 11.6% on the year

UFP Technologies Inc. (UFPT) reported revenue of $172 million for Q3 FY2026, the quarter ended 30 September 2026, up 11.6% on the same quarter a year earlier. Net income was $21 million, up 25.8% on the year, and diluted earnings per share $2.64. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$172 million

+11.6% on the year · -0.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

16.0%

15.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

$21 million

+25.8% on the year · -1.1% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$2.64

+25.1% on the year · -1.5% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 1 new.

Third-quarter sales rose 11.6%: Net sales were $172.4 million, up 11.6%, with organic growth of 11.1%. Organic sales were $171.7 million after excluding $0.7 million from acquired operations.
Adjusted operating income up 14.5%: Adjusted operating income was $30.1 million, against $26.3 million, and adjusted EBITDA rose 15.3% to $35.4 million from $30.7 million.
Gross margin rose to 29.4%: Gross margin was 29.4% in the quarter against 27.7%, and gross profit was $50.8 million against $42.7 million. Nine-month gross margin was 29.2% against 28.3%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	172	174	155	-0.9%	+11.6%
Cost of revenue	122	123	112	-1.1%	+8.8%
Gross profit	50.8	50.9	42.7	-0.3%	+18.8%
Gross margin	29.4%	29.3%	27.7%
Selling, general and administrative	23.2	22.8	19.1	+1.8%	+21.4%
Operating income	27.6	28.1	23.4	-1.8%	+18.1%
Operating margin	16.0%	16.2%	15.1%
Interest expense	1.5	1.7	2.4	-12.8%	-37.7%
Pre-tax income	26.1	26.4	21.1	-1.2%	+24.0%
Income tax	5.5	5.6	4.7	-1.3%	+17.6%
Effective tax rate	21.1%	21.1%	22.2%
Net income	20.6	20.9	16.4	-1.1%	+25.8%
Net margin	12.0%	12.0%	10.6%
Diluted EPS	$2.64	$2.68	$2.11	-1.5%	+25.1%

$ 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	38.5	15.6	35.9	+146.9%	+7.3%
Cash from investing	-10.9	-1.1	-15.3
Cash from financing	-16.1	-25.4	-17.5
Depreciation and amortisation	5.0	5.0	4.9	+1.2%	+3.1%
Share-based compensation	2.8	3.2	2.0	-13.5%	+42.4%
Diluted shares, weighted	8m	8m	8m	+0.2%	+0.3%
Shares outstanding at period end	8m	8m	8m	+0.0%	+0.4%

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	486	462	404	+5.0%	+20.3%
Debt	96.0	117	146	-18.2%	-34.3%
Operating lease liabilities	15.3	14.3	14.4	+7.2%	+6.1%
Finance lease liabilities	0.0	0.0	0.0
Other liabilities	85.6	87.9	88.4	-2.6%	-3.1%
Total liabilities and equity	683	682	653	+0.1%	+4.6%
Fixed assets	78.6	76.9	77.5	+2.2%	+1.3%
Goodwill	199	196	197	+1.2%	+0.8%
Intangible assets	136	135	143	+0.7%	-4.9%
Cash and equivalents	20.6	9.0	18.2	+128.0%	+13.2%
Receivables	97.2	113	85.2	-14.2%	+14.1%
Inventory	98.1	100	86.1	-1.9%	+13.9%
Other assets	53.1	50.9	45.2	+4.2%	+17.5%
Total assets	683	682	653	+0.1%	+4.6%

Questions

What was UFP Technologies' revenue in Q3 FY2026?

UFP Technologies (UFPT) reported revenue of $172 million for Q3 FY2026, the quarter ended 30 September 2026, up 11.6% on the same quarter a year earlier.

How much did UFP Technologies earn in Q3 FY2026?

Net income for Q3 FY2026 was $21 million, up 25.8% on the year, and diluted earnings per share $2.64.

When did UFP Technologies report Q3 FY2026 results?

UFP Technologies filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 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	56.3	71.2	94.3	97.0	91.2	97.8	100	101	101	105	110	145	144	148	151	155	149	154	174	172
Cost of revenue	43.3	54.1	70.0	71.4	68.0	69.1	70.4	73.0	75.4	74.9	77.1	104	102	106	108	112	107	110	123	122
Gross profit	13.1	17.1	24.3	25.5	23.3	28.7	29.6	27.8	26.1	30.1	33.0	41.5	42.1	42.2	43.5	42.7	42.0	44.4	50.9	50.8
Gross margin	23%	24%	26%	26%	26%	29%	30%	28%	26%	29%	30%	29%	29%	28%	29%	28%	28%	29%	29%	29%
SG&A	8.1	10.0	12.1	11.8	11.9	13.0	12.3	12.5	13.1	13.9	13.9	15.8	18.6	18.7	18.7	19.1	21.0	21.0	22.8	23.2
Operating income	4.6	6.4	12.2	26.0	10.9	12.8	17.0	15.0	12.7	15.9	18.0	24.8	22.3	23.1	24.3	23.4	21.5	23.4	28.1	27.6
Operating margin	8%	9%	13%	27%	12%	13%	17%	15%	13%	15%	16%	17%	15%	16%	16%	15%	14%	15%	16%	16%
Interest expense	0.1	0.3	0.7	0.8	0.9	0.9	1.1	0.9	0.8	0.6	0.6	3.5	3.4	2.8	2.7	2.4	1.9	1.7	1.7	1.5
Pre-tax income	4.6	6.1	11.6	25.2	9.8	11.9	16.0	14.1	11.9	15.3	17.4	21.2	19.1	20.3	21.6	21.1	19.5	21.6	26.4	26.1
Tax rate	30%	20%	23%	23%	13%	18%	26%	17%	2%	17%	22%	23%	14%	15%	21%	22%	10%	19%	21%	21%
Net income	3.2	4.9	8.9	19.5	8.5	9.7	11.9	11.7	11.6	12.7	13.6	16.4	16.4	17.2	17.2	16.4	17.6	17.5	20.9	20.6
Net margin	6%	7%	9%	20%	9%	10%	12%	12%	11%	12%	12%	11%	11%	12%	11%	11%	12%	11%	12%	12%
Diluted EPS	$0.42	$0.64	$1.17	$2.56	$1.10	$1.27	$1.55	$1.52	$1.51	$1.64	$1.75	$2.11	$2.10	$2.21	$2.21	$2.11	$2.25	$2.24	$2.68	$2.64
Operating cash flow	0.6	-3.2	3.2	-0.1	17.9	1.7	8.9	18.0	12.7	10.7	11.7	19.8	24.4	13.8	25.3	35.9	16.8	3.2	15.6	38.5
Capital expenditure	1.1	2.3	6.2	2.3	3.0	2.2	2.8	2.8	2.8	1.7	2.8	2.1	3.0	2.8	2.9	n/a	n/a	n/a	n/a	n/a
Free cash flow	-0.5	-5.5	-3.0	-2.4	14.9	-0.5	6.1	15.2	9.9	8.9	8.9	17.7	21.4	11.0	22.5	n/a	n/a	n/a	n/a	n/a
Shares outstanding	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-Q	10-K	10-K	10-K	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

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 6 November 2026: the filing.