Transcat, Inc. filed its Form 10-Q with the SEC on November 3, 2026, covering the second fiscal quarter and six months ended September 26, 2026, reporting total revenue of $97,090 thousand and net income of $2,413 thousand for the quarter.

Key Highlights

  • Total quarterly revenue of $97,090 thousand for the second quarter ended September 26, 2026, up from $82,272 thousand in the same quarter of the prior year, according to the filing.
  • Net income of $2,413 thousand for the second quarter, compared with $1,269 thousand in the second quarter ended September 27, 2025.
  • Diluted earnings per share of $0.25 for the second quarter, versus $0.14 in the prior-year quarter.
  • Six-month total revenue of $190,035 thousand, up from $158,696 thousand for the six months ended September 27, 2025.
  • Goodwill rose to $233,961 thousand as of September 26, 2026, from $218,185 thousand at March 28, 2026, reflecting business acquisitions during the period.
  • Long-term debt increased to $116,885 thousand from $99,885 thousand at March 28, 2026.
  • 9,404,846 shares of common stock were outstanding as of October 30, 2026.

Transcat Reports Higher Second-Quarter Revenue and Earnings for the Period Ended September 26, 2026

According to the filing, Transcat, Inc. (NASDAQ:TRNS) reported total revenue of $97,090 thousand for the second quarter ended September 26, 2026, consisting of service revenue of $64,770 thousand and distribution revenue of $32,320 thousand. This compares with total revenue of $82,272 thousand in the second quarter ended September 27, 2025, which included service revenue of $52,836 thousand and distribution revenue of $29,436 thousand. Gross profit for the second quarter was reported as $32,630 thousand, up from $26,762 thousand in the prior-year quarter.

The filing disclosed total operating expenses of $27,597 thousand for the second quarter, comprised of selling, marketing and warehouse expenses of $11,751 thousand and general and administrative expenses of $15,846 thousand. Operating income for the quarter was $5,033 thousand, compared with $3,505 thousand a year earlier. Net income reached $2,413 thousand, or $0.25 diluted earnings per share, against $1,269 thousand, or $0.14 diluted earnings per share, in the prior-year period. For the six months ended September 26, 2026, net income was reported as $3,744 thousand, down from $4,530 thousand for the six months ended September 27, 2025.

As of September 26, 2026, the company reported total assets of $507,056 thousand and total shareholders' equity of $309,176 thousand, according to the balance sheet included in the filing. Cash and cash equivalents stood at $5,758 thousand. Net cash provided by operating activities for the six months ended September 26, 2026 was $18,965 thousand, while business acquisitions, net of cash acquired, used $25,878 thousand in investing activities. Stock-based compensation expense was reported as $4,194 thousand for the six-month period, compared with $2,970 thousand in the prior-year six-month period.

What Was Disclosed

Transcat filed its second-quarter Form 10-Q disclosing financial results for the quarter and six months ended September 26, 2026, including income statements, a balance sheet, and cash flow statements, with goodwill and long-term debt both rising relative to the prior fiscal year-end.